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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

Altcoins

CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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collateralized debt position
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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Altcoins

Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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Hodium
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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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