The cryptocurrency market is drastically changing around these days; thus, the market is being affected by an unstable pricing that goes up and down while some of the crypto investors look for strategies to face the situation.
Each and every one of the digital currencies, no matter if old or new, are being affected by this global changing market; even the most consolidated ones like Bitcoin, which has had the struggle of passing from a price around $330 billion to now $140 billion.
If that’s the case of the cryptocurrency leader, we can imagine how it goes for the rest of the field. Nonetheless, some brand-new strategies are emerging to become a solution.
Like so is the case of Litecoin (LTC), which seems to have an ace under the sleeve in order to make things work. Charlie Lee, the founder of Litecoin, recently shared a message on his Twitter announcing that: “we have just tagged Litecoin Core 0.16rc1. Once we have tested it enough, it will be released.”
This way, Litecoin Core would represent a solving fact for some of the recent problems the encrypted currency have been facing. For instance, the price of the digital coin was traded double bottoms as the week was coming to an end.
Regarding this, the main LTC struggle has been maintaining the coin on a float while the whole cryptocurrency market seems to be sinking. Since huge price slump happened last Wednesday, Litecoin has had a hard time making their gains acceptable enough, thus, some higher corrections were made as the price is nearly close to the support level at $168.
Nonetheless, all these problems appear now so distant with the launch of Litecoin Core; an open source software that enables LTC usage freely. The software is operated within the terms of the MIT license but deployed by an LTC developers group.
Even though the software was recently updated, the launching date is still uncertain, as Charlie Lee himself declared, it needs to be tested properly before its release to the public market.
The technical landscape
The price of Litecoin has gained a significant value compared to the current cryptocurrency scenario; its USD has gone up in a 2.9 percent in the last 24 hours, which of course is a very satisfying fact considering the numbers were negative during the whole week.
In a satisfactory turn of events, the price of the LTC reached the ground and went right back up again; not only was able to make a strong upside correction but also did it in the record time of 30 minutes, passing from $160 to $167 at 13:00 GMT.
In consequence, the scenario now is very positive; even the moving averages are starting now to correct the upside. As we can appreciate in this chart, a sustainable behavior it’s starting to show up; and all seem to conclude that price control is taken back, meaning in a short term we could be seeing a correction to the upside where Litecoin trade would be priced above $170.
We will be updating our subscribers as soon as we know more. For the latest on LTC, sign up below!
Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Keith Allison via Flickr
Here’s Why This Coin Still Has Wings (WINGS)
WINGS, a decentralized crowdfunding platform based on the Ethereum blockchain, has had a great run over the past two months. Culminating in a peak of US $.23 just a few days ago, the currency behind the product has more than doubled since it’s lows of early September.
Despite the slight downturn WINGS is currently experiencing, this crypto-favorite may not be done running up the green candles on your favorite exchange just yet. A small drop like we had today was actually expected and could be considered healthy by long-term investors. These dips are also appreciated by those of us waiting to get in on a project we feel has real potential. WINGS has shown us that potential and is now presenting a great buying opportunity for speculators and traders looking for the next wave of support to lift this coin into the stratosphere.
What is WINGS?
WINGS was created to nurture project proposals via the Decentralized Autonomous Organization (DAO) model. Using blockchain networks and smart contracts, the platform allows the WINGS community to promote proposals with the greatest chance of positive returns. WINGS, in essence, is a decentralized forecasting ecosystem, where token holders are given an incentive to make choices concerning projects on the platform.
The DAO is a popular concept for crypto-projects that want to remain entirely on the web. Using the peer-to-peer technology of blockchain and smart contracts to enforce the rules of participation is…
6 Blockchain Predictions For 2019
As 2018 moves closer towards its end, investors, developers, and tech enthusiasts are starting to turn their gaze towards the future. 2019 is less than two months away, and it promises new breakthroughs and large changes. This is especially true when it comes to blockchain technology.
While 2018 was an important year for this technology’s development, many are wondering what awaits us in the near future. Because of this, we have created a list of 6 predictions regarding the blockchain, as well as what might happen to it in 2019. Let’s begin.
1. Search for new and better business use cases
Blockchain technology is wrongly seen by many as a magical way to resolve all issues that we struggle with today. However, while it is true that blockchain can help with a lot of them, there are still numerous other problems that are better suited to be solved by alternative technologies. Robotics, AI, and similar technologies are not to be discarded in blind faith in the blockchain.
Researchers and developers have recognized this, which is why 2019 will be dedicated to finding specific use cases for blockchain technology. Blockchain will be used in situations where it can have the strongest positive impact. In other words, the goal is not to find places where this tech can fit, but to find places where it is the best fit.
2. Fixing blockchain industry’s image
For a lot of people, blockchain…
TRON DEX Goes Crazy, TRX Founder Asks For More Projects
Less than a week ago, TRON (TRX) community uncovered a new DEX (decentralized exchange) on Tronscan.org. Since TRON community is among the strongest and most supportive communities to ever support a coin, trading activity on this DEX quickly skyrocketed.
So much so, in fact, that TRON’s founder, Justin Sun, felt that he should share this fact on his Twitter account.
— Justin Sun (@justinsuntron) November 13, 2018
TRON DEX sees massive growth in activity
Since Sun shares a lot of traits with TRX community, such as tirelessness and fascination with this project, he was quick to urge the community to come up with additional tokens and projects.
While Sun’s statement that the activity on the DEX is “going crazy” is pretty accurate, many do not realize just how accurate this is. It should be pointed out that the number of tokens on the exchange was 3 on November 10th, when the DEX was originally uncovered. Today, on November 13th, the number of available tokens has doubled.
In addition, 4 out of 6 trading pairs offered on the exchange have experienced significant gains, with the remaining two experiencing only slight drops. The growth was experienced by Dice/TRX (146%), TronWatchMarket/TRX (8.27%), WIN/TRX (89%), and SEED/TRX (1.73%). The drop was experienced…
Ripple’s XRP centralization FUD must go now, here’s why
Ludos Protocol Makes a Strong Case for Investors in Blockchain Gaming
Ripple director: Banks tapping into Ripplenet to form a network to ditch SWIFT
- Altcoins2 weeks ago
Electroneum (ETN) and Ravencoin (RVN): Two giants in the making
- Don't Miss1 week ago
40 million XRP just got transferred to former Ripple executive Jed McCaleb
- Altcoins1 week ago
What would you buy when Electroneum (ETN) reaches one dollar?
- Altcoins1 week ago
Stellar (XLM) poised to see massive gains next year, here’re the reasons why
- Altcoins5 days ago
3 Coins Coinbase Will Adopt Next
- Altcoins1 week ago
Red Pulse: Rise of the Phoenix (PHX)
- Altcoins1 week ago
Why Ripple, Tron, and Cardano are top promising crypto investments
- Don't Miss2 weeks ago
Is Twitter going to win the ‘Crypto Wars’ for Tron (TRX)?