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Litecoin Struggles to Get Back in the Game

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Lately, the cryptocurrency markets have been through a lot of turbulence. Bitcoin Prices have dipped further than expected and altcoins were hit badly with the recent hacking incidents associated with Verge and Bitcoin Gold. Now that this week the market is on its way to recovery, crypto enthusiasts are eyeing top-5 crypto for their performances and to decide which one is the safest bet to make under the present conditions. One such cryptocurrency is Litecoin that’s currently making its way towards recovery signifying that it’s still not too late to invest in Litecoin. In this article, we shall discuss what Litecoin has been up to and why it’ll always be one of the advantageous crypto investments.

Release Candidate of Litecoin core v0.16

Back on 21st May, Litecoin announced Litecoin core v0.16.0 release candidate which was its major release after a long time. It includes new features, several bugfixes to improve and enhance performance and translations update etc. this version was released as a recommended upgrade so that every user can benefit from the newly developed features such as;

Full Segwit Wallet Support

The latest core release introduces complete segwit support in the wallet for the user interface.

Bech32 Address Support

The v.0.16 release candidate also has support for native segwit addresses (Bech32). Means the ability to send to Bech32 addresses and generating such addresses has been included in the new release candidate.

SHA256 Assembly Enabled by Default

SHA256 hashing algorithm was enabled for enhancing performance and increasing the speed up to 50%.

Advancements of PayWithLitecoin

PayWithLitecoin movement has been making progress since the day it was first announced and now it has reached adoption into the mainstream. The reason behind its incessant progress lies in the fact that it has gained the attention of various small businesses. These businesses are signing up to accept Litecoin as a mode of payment and benefit from it. PayWithLitecoin is basically a well-planned marketing strategy that rewards both parties. PayWithLitecoin reached a significant milestone when iPayment Inc. which is a renowned payment processing solution provider having almost 137,000 companies and businesses under its portfolio opened up to Litecoin payments in partnership with Aliant payment. This partnership with iPayment and Aliant payment has paved a secure path to Litecoin payments by giving merchants an opportunity to accept crypto.

Litecoin Resistant to Attacks Similar to Bitcoin Gold

The hacking incidents which shook cryptocurrency markets have caused great damage and have subsided after a week. Currently, every crypto trader, investor and cryptocurrency enthusiast is looking for more secure projects to turn to. Under such conditions, Charlie Lee aka the founder of Litecoin has commented that contrary to Bitcoin Gold that was attacked by a mining hack, Litecoin mining algorithms are too strong and doesn’t let such hacking attempts become successful. In short, the complexity of Litecoin mining algorithm makes it mining hack resistant.

Why Invest in Litecoin (LTC)?

Although crypto enthusiasts are well aware of Litecoin’s previous disappointing market performance still it doesn’t mean that Litecoin project is dead and there are no possibilities left regarding the future. Litecoin has immense potential to lead altcoins by the hand. It’s a matter of time when Litecoin gets real with its mainstream adoption and partnership with tech giants. Litecoin has always been preferred than Bitcoin in terms of performance, speed and lower transaction fee. Analysts presume this is a good chance to invest in Litecoin.

Market Position

According to the latest data on coinmarketcap, Litecoin is ranked as the 6th largest cryptocurrency of the world. The total market capitalization of Litecoin as per the time of writing is close to $6.7 billion USD. The individual price of Litecoin is approximately $118.65 which is rising at the rate of 0.73%. Almost $253 million USD worth of Litecoin has exchanged hands within the last 24 hours.

Final thoughts

It may not be over for Litecoin just yet, even though crypto markets are suffering from negative sentiments in each sector and scrutinized for its unsafe and unpredictable nature, it won’t be long when things fall in their respective place and the top 10 cryptos, as well as the altcoins, prove their worth. Litecoin is gradually progressing towards its milestone and it’ll be quite a show watching what it can do to make it happen.

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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.

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Blogs

Reasons Why 2019 May Be A Great Year For Crypto

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The new year was always considered to be a time of new beginnings, where people can reflect on the past and learn from their mistakes in order to be better in the future. The same is true for the world of crypto, and investors around the world are hoping for 2019 to be better, more profitable, and to have more success than 2018.

The hope for the future is even more important when we consider all the negative development in 2018. There were numerous high-profile hacking attacks, two market crashes, with a strong bear market in between. Not to mention that some of the biggest projects that may have brightened the year a bit ended up being delayed.

With that in mind, it is understandable why investors are looking forward to the new year and all the potential development that it may bring. In fact, there are several reasons why they should be excited about 2019.

1) Bearish market to loosen its grip

The first reason why 2019 can be a good year digital currencies is that it may finally break free of the bearish grip that has been felt ever since last January. Following the first market crash, the bears settled in, and the prices kept falling for an entire year. The market attempted to shake off the negativity on several occasions, with the biggest one being…

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3 Coins with the Largest Potential in 2019

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2018 has been a pretty bad year for digital coins, and after the initial market crash that occurred a year ago, everyone was expecting a bull run that will fix things. Obviously, it never arrived, and instead of that, all that crypto market experienced was an entire bearish year and another crash in mid-November.

Now, however, it is a brand new year, and attempts to shake off the bears’ grip can be seen even in these first two weeks. The market is still struggling and mostly losing value, rather than gaining, with most coins being in trouble once more. Still, a lot can happen in a year, and most investors remain optimistic regarding 2019. Here are some of the coins that are believed to have tremendous potential, and to be the hope of this year.

  1. Bitcoin (BTC)

Of course, Bitcoin comes first. This is the first cryptocurrency which is still dominating the market, with no other coin being even close to its market cap or price. BTC is the coin that has reached the most prominent heights, and it also lost the most in the previous year. However, there is still hope, as there are several projects and events scheduled for this year that might turn things around for the number one coin.

One thing that is expected is the approval of Bitcoin ETFs…

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Do or Die: 3 Crypto Projects that Really Need to Deliver Soon

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Crypto projects have gone through several crucial periods of development, and while it is fascinating to watch their progress to maturity, a lot of investors are becoming impatient. During the first few years, they were barely known, only talked about in specific groups, among those developers and investors who had the luck to find out about them in the early days.

The next several years, altcoins started appearing, and the voice of cryptocurrency slowly started to spread. Then, there was a period of hype, when crypto exploded, and the entire world finally learned about this new technology that promised to change the world. Naturally, the overhype led to a market crash and price correction that we experienced last year, but the impact was made, and the world is still talking about them on a daily basis.

However, now is the time for cryptos to deliver on their promise, grow up, and start showing results. There are high expectations for many projects, but for various reasons, they have yet to deliver, and many are hoping that 2019 will be the year when they finally do it. Let’s see which 3 crypto projects really need to show results, and soon.

1) Ethereum (ETH)

Are you surprised to see Ethereum at the first spot? The project has been a top cryptocurrency for years, why would it be in danger now?…

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