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Litecoin News: LTC Struggles to Remain Above $60

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Litecoin News
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The latest price of Litecoin (LTC) is going through a difficult period once again. After reaching $64.42 mark last week, LTC experienced losses once again. Most of these losses came on Friday afternoon, with Litecoin’s value dropping below $60.

Litecoin news revolves around a delicate balance

This newest price drop came as the coin lost momentum after reaching its three-week high. Saturday brought another small price surge that managed to bring LTC back to $60+, where it remained ever since. The struggle continued throughout the next several days, including Sunday, and even Monday.

Since the initial drop on Friday, most of Litecoin news has been following the struggle. Many have attempted to predict where the coin might go from here. Some believe that this is a beginning of a downward trajectory for LTC. Several nosedives that Litecoin has experienced already have not been very encouraging.

As always, there are optimistic coin holders who believe that this is only a minor bump on the road. They also claim that LTC will soon recover, and will even reach the $70 mark. Whether this can actually happen or not, still remains to be seen.

At the time of writing, Litecoin is balancing at $60.10, with a market cap of slightly more than $3.5 billion.

Recent Litecoin news brings positive development for the coin

The current Litecoin news is not very clear, and most investors are waiting at the edge of their seats to see what will happen next. Despite this, there were also some positive moves in the last few days. One of them includes LTC’s introduction to CoinText. This is a service that allows its users to send different cryptocurrencies by merely using mobile phone numbers.

CoinText allows users to send Bitcoin Cash, Dash, and even Litecoin, thanks to the recent decision. By doing this, CoinText aims to allow cryptocurrencies to reach even more people in an easy and interesting way.

In addition to this, recent Litecoin news also tells that the coin was added to an exchange called SFOX. This is an institutional-grade investment platform that is said to cater some larger investors. This includes investment professionals and even several institutions. The platform has listed only three currencies before the addition of Litecoin.

Litecoin’s Charlie Lee has greeted the move and has stated that the partnership will increase Litecoin’s liquidity. Even more importantly, it will expose LTC to institutional investors. Even SFOX itself is backed by many known investors, which confirms the quality of the company, its team, as well as its business model.

Clearly, Litecoin has had several big moves in the last few days. The new price struggle will likely result in the coin rising above the previous $64.42 milestone ultimately. At least, if optimistic predictions are to be believed. Judging from the new listings, there is certainly a possibility for these predictions to actually come true.

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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.

Photo by Andreas Wagner on Unsplash

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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Bitcoin crash
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The crypto prices have surged quite high in the last few months. Of course, their progress is nowhere near the one seen in 2017, but they appear to be getting there, one day at the time. However, things might not be as simple as that, and according to recent performance — it is more than possible that a major Bitcoin crash is incoming.

The fact is that cryptos saw a massive amount of growth in a very short period. Bitcoin itself more than doubled its price in only two months. Now, the rally is starting to crash in on itself, and the coin is already about $1,000 lower than last week. If such development does come to pass, a lot of people will experience quite large losses, although experienced investors might find some opportunities, and leverage in order to enhance their holdings’ long-term value.

For example, Bitcoin dominance is expected to crash very quickly, which will work in favor of quite a lot of altcoins. While this does not seem to be the best time to invest in BTC, altcoins are another story, and diversifying a portfolio now might end up being very profitable in days to come.

Bitcoin behavior mirrors the pre-bear market situation

The crash that analysts are predicting right now comes as a direct consequence of all the hype that has been building up in…

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Altcoins

Top 3 Coins to Buy Before They Go Big

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Crypto bulls are back, that much is clear. The long-lasting, harsh crypto winter is gone, and the new era in digital currency sector opens up some rather interesting opportunities. With many more bull runs expected to come in months ahead, a lot of coins are likely to blow up and maybe even hit new all-time highs, although that still remains purely theoretical.

On the other hand, the fact is that numerous coins are seeing prices that were not achieved since early 2018, and the overall momentum remains bullish. With that in mind, even if new records do not come for a very long time — chances are that many of the coins will blow up enough for investors to see some serious gains in months to come. As a result, investing in some of these coins now might be a very profitable decision, for those who have the patience to wait a few months. Here are some of the projects believed to have the greatest potential to go big in the second half of 2019 and beyond.

1. TRON (TRX)

Putting TRON on the list should not really surprise anyone, as the project constantly comes up with new project updates, partnerships, and alike. It also constantly breaks records, as is becoming one of the biggest players in the dApp and smart contract development sector.

In the past few…

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Blogs

Can Crypto Credit Cards Disrupt the Fight Against Financial Crime?

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crypto credit cards
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It is commonly known that the world of finances has the biggest problem with the crime of all existing industries around the world. It has been so throughout history. While the financial world has evolved, so did the criminal activities, and they continue to be an issue. With the arrival of cryptocurrencies, many were hoping that financial crime might be disrupted. However, for now, at least, it appears that cryptos themselves cannot find a way to resolve issues such as international money laundering.

In fact, when it comes to money laundering, the crypto sector appears to be the weakest link, especially because of the nature of digital currencies. The anonymity that cryptos are being praised for means that anyone can get a payment from an unknown source from anywhere in the world. This method can then be used for financing drug trafficking, cyberattacks, terrorists, and more.

Until recently, it was not easy for bad actors to make use of cryptocurrencies obtained for illegal purposes. The number of merchants willing to accept the coins was low, and criminals were forced to find a way to exchange crypto into fiat currencies. However, this came with a set of issues, such as taking foreign exchange risks and then sending the money through wallets and exchanges to a banking system that would allow withdrawal. The banking account was the biggest obstacle here,…

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