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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

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Importance of Bitcoin ETFs and Bakkt for the Crypto Space

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It is no secret that 2018 was a very bad year for cryptocurrencies, at least when it comes to prices and market cap. However, in its brighter moments, this year managed to set the stage for some very important events that are expected to make 2019 very successful and profitable. Two things have attracted the most attention, both of which were expected to occur in 2018, only to be moved for early 2019. Those two are Bitcoin ETF decision by the US SEC, and the launch of Bakkt.

What are Bakkt and Bitcoin ETFs and why are they important?

Let’s start with Bakkt first. Bakkt Exchange is a business that is set to launch at the very beginning of 2019. It is a cryptocurrency platform that is set to offer a large number of services, including things such as warehousing and trading. However, there is another thing that makes Bakkt special, and that is the fact that the exchange itself is a product of the same company that has created the New York Stock Exchange.

In addition, Bakkt will be supported by some very influential names, such as Microsoft, BCG, and even Starbucks, to name a few. Furthermore, Bakkt will support crypto-to-fiat conversions. Starbucks will actually be one of the companies that have volunteered to help test the system, as users will be able to convert crypto to USD that can then be used in Starbucks.

Bakkt exchange…

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4 Best-Performing Cryptocurrencies in the Current Bear Market

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Cryptocurrencies have been experiencing a strong return of the bearish trend for weeks now, and only now does it show signs of weakening. However, experts believe that the situation will not repair itself so easily and that prices will remain low for a certain period.

However, when bear market strikes, the sentiment gets most bearish when the trend reaches the bottom. Everyone starts selling, and while short sellers can make a profit in this situation, analysts usually warn that the sale will only knock the prices down even further. Since most of the crypto-related news is already negative at this point, such predictions often make sense.

However, there is still one thing to keep in mind, which is the fact that when downtrend enters a capitulation, that often signals that a new bottom has been found. That is the perfect time to actually go against the bearish trend, and start buying. It is also a good opportunity to abandon the coins that seem too risky, and do not seem to have that bright of a future ahead of them.

Bitcoin has dropped by 87% from its all-time high, which it hit back in January. However, the rest of the market dropped with it, and it never lost its dominance, which still remains above 50% of the total market cap. In other words, while its price may have sunk to lows that were not seen for a while now, it…

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Will The Stock Market’s Bearish Outlook Affect The Cryptocurrency Market?

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About 3 months ago I was reviewing what was happening in other markets as the cryptocurrency market kept falling. So I opened up TradingView and what I saw was something so incredible I had to look a second time, I thought I had opened up the BTC/USD chart but it had not yet fallen. I was a bit confused, but I realized my TradingView opened to the DOW, at the time it was looking extremely euphoric and then upon a little more research I saw it was in the longest bull since its conception.  I instantly wanted to see does this just apply to the Dow Jones or does it also apply to the likes of the Russel, S&P500, Nasdaq, Vanguard and then I even looked at the housing market. What I saw I am honestly going to say baffled me, what was there before me was a perfect opportunity, I knew that soon the stock market would fall and started letting people know about hedging.

Last year for many was a huge learning experience and even if many lost money, they learned about financial markets for the first time and may have bought their first ever investments. This was a huge plus for many people who were labeled noobs or noob investors. Why you may ask? Well, the simple answer is that noobs tried investing for the…

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