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Litecoin (LTC) could cross $100 barrier soon, thanks to its recent hits

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Charlie Lee must be a delighted man. It’s been a fantastic week for Litecoin, and while we all keep talking about other cryptocurrencies and Litecoin slips under everybody’s radar, they are scoring incredible achievements that can take the token’s value all the way up to 100 USD and maybe even beyond.

Just look at this three outstanding achievements and keep in mind that they all happened within a single week:

The Litecoin Foundation acquired a 9.9% stake in Germany’s WEG Bank.

Last July 10th announced a strategic partnership that is nothing short of spectacular. In Charlie Lee’s own words:

“This partnership is a huge win-win for both Litecoin and Tokenpay. I’m looking forward to integrating Litecoin with the WEG Bank AG and all the various services it has to offer, to make it simple for anyone to buy and use Litecoin. I’m also excited about Litecoin’s support in Tokenpay’s decentralized exchange.”

Other announcements for new strategic partnerships announced along the week were:

  • Multisignature Transaction Engine
  • TPAY Cryptocurrency
  • eFin Decentralized Exchange (DEX)
  • WEG Bank FinTech Platform

All of the above will be using Litecoin’s blockchain technology to develop their blockchain initiatives. But owning a piece of a bank is the real story here. Litecoin didn’t buy the shares. They were TokenPay’s, and they gave it to the Litecoin foundation against the technology, expertise, and work of the LTC team and founding members.

It’s 9.9% only because that’s as high as you can go to Germany without running into the regulatory red tape. But TokenPay is still positioned to buy up to 70% of the bank, and they will remain a very close partner to Litecoin.

Let’s take a minute to think about what this means. Here we have a cryptocurrency that owns (at least partially) a real-life bank. Let’s face it. Nobody saw this coming; everybody expects banks to buy cryptocurrencies if they get involved in the cryptocurrency game at all. So this alone is a fantastic example of original thinking and bold strategic planning from Charlie Lee.

But that’s the least of it. The hardest obstacle any cryptocurrency has to overcome is to jump from a bunch of esoteric code running on a geek’s hardware into a real-life product that can solve real-life problems for real-life average people with no expertise in cryptography, programming, mathematics or IT. And this is precisely what this event can do for Litecoin.

Just imagine that now the Litecoin foundation can use its brand new bank to issue Litecoin-based credit and debit cards. That would allow all kinds of people from all over the world to rely on Litecoin for their daily financial needs. Without having internet service, without owning a digital wallet at all.

Can you imagine using Litecoin to buy your cigarettes, to pay for your groceries in any place in the world that takes Visa or Mastercard? Well, you can start now, it’s much closer than everybody thought.

If that kind of common financial technology becomes available through Litecoin, that will mean a huge boost in demand and new users who maybe won’t have the faintest idea they’re on a blockchain. And that will translate into market performance for Litecoin.

The Robinhood App adds Litecoin support.

The Robinhood App is a mobile phone application with an emphasis on ease of use and lack of transaction fees for cryptocurrency trading. It’s currently available in seventeen states in the US (with more to come). In this magical Litecoin week, the app announced it would include Litecoin among the coins available to its users. They also listed Bitcoin Cash.

The #PayWithLitecoin campaign keeps advancing, only now it looks real

Litecoin has been encouraging its users to use Litecoin in the real world. The campaign includes a Twitter hashtag. While nothing so revolutionary has happened with that, the fact is that it keeps moving forward and it seems to be working. This more moderate good news is still good news as using a coin begets demand and demand prompts performance.

So now you know. Litecoin has been doing great while we were all just looking the other way. Maybe we should not make that mistake again, especially when they reach the USD 100 mark.

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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.

Image courtesy of Maxpixel.net

Bitcoin

Investors Beware: Another Large Bitcoin Crash Might Be Coming

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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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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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