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Litecoin Trading Price Surges After Gemini’s New Announcement

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Despite the recent price drop that has hit most of the crypto market pretty hard, things are looking up for a lot of coins once again. Litecoin trading is especially deserving of praise due to a new price surge that came after Gemini recently announced LTC trading on its platform.

While the LTC gains are still nothing spectacular at this point, the current situation may still be only a beginning of a new prosperous period.

Litecoin trading price moves up

The world of cryptocurrencies is still very young and full of energy and innovation. As such, there is always something going on, especially when it comes to altcoins, all of which struggle to prove themselves and become the next big thing.

In Litecoin’s case, it would seem that the momentum is turning around, after months of not so great performance. Even though the current gains are not that big, with the price going up by only 2.52% at the time of writing, this is still a very positive change.

Due to the fact that most other coins are still relatively undisturbed, analysts are having a hard time deducing whether this nudge is a beginning of a bull run or only a temporary change. Still, thanks to the fact that even Bitcoin itself is currently in the green, the entire crypto community choose to see positive Litecoin trading as a sign of hope.

While many expect this weekend to bring interesting development to the world of cryptocurrency, Pattern Capital Management seems to believe that a big volume spike has already started. They have just announced a serious volume spike, and while the current $215M in trades is definitely not bad for LTC, more is always welcome.

Additionally, Litecoin is also celebrating its seventh birthday today, which is not a small thing, considering that the crypto world itself is only 9 years old. Also, it should be noted that most crypto projects tend to disappear before even reaching their first anniversary. Despite the fact that Litecoin itself is not the most innovative project, it is still one of the more robust ones and is bound to remain around for a long while yet.

Litecoin gets listed on Gemini

However, the biggest news regarding Litecoin in the last several days came from the Gemini exchange, owned by the Winklevoss twins. Gemini, as mentioned earlier, announced that they are finally allowing Litecoin to join their list. Litecoin’s Charlie Lee has been excited about this development for months now and has left a few hints of it on multiple occasions.

While many took it as a joke at the time, Litecoin trading will now finally become possible on Gemini’s platform, starting next Tuesday.

While LTC price is still growing only by a few percents, this positive movement should not be overlooked. Not only because it may be a hint of greater things to come, but also because LTC is a coin that has struggled greatly, and every positive development should be praised. Now, since the weekend is here, a lot of investors expect big things to start happening at any time. After all, cryptocurrencies have a tendency to have their largest events happen on weekends for some odd reason.

Whether something will happen or not still remains to be seen. For now, however, LTC’s community remains joyful, while the rest of the crypto world is holding its breath and waits for a new bull run to start.

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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 melfoody via Flickr

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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Altcoins

TRON (TRX) Is Likely to Go Big in June

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We are now halfway through 2019, and the situation in the crypto space is better than ever in the past year. Numerous cryptos are seeing large gains, often cut by brief periods of stagnation or small corrections, but the overall sentiment is obviously bullish.

Bitcoin sits way above the $8k mark, and while it struggles to go beyond $8,700, it is still trying to grow. Investors and analysts are quite bullish regarding the foreseeable future, and a lot of altcoins are expected to follow BTC in this regard. However, today, we would like to talk about one particular altcoin — TRON (TRX) — as well as why it is likely to go big in June.

TRON’s progress so far

As many people in and out of TRON community know, TRX is not a project that often sits still. It is rich with announcements, particularly when it comes to his CEO, Justin Sun, whose enthusiastic tweets often seem like hype building to many.

However, TRON made some massive progress in 2018, which was the worst year cryptocurrencies have ever seen. This is not something that can be achieved through hype alone, and the project needs to have true quality and value in order to see such massive development in the middle of the longest and harshest crypto winter in…

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Altcoins

IOTA (MIOTA) Pending Update Might Bring Huge Gains in Days to Come

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The crypto space is erupting once again, and if popular predictions are correct — the growth is only starting. However, in the vast sea of altcoins that hold the massive potential to go big in the future, we would like to set IOTA aside as one of the coins that might blow up quite soon.

As always, there are no guarantees of this, as the crypto space still lacks regulations, and remains highly volatile. To see proof of this, all you need to do is look at Bitcoin, which goes up by $1,000 within a day, only to slowly drop by $700 in the following week, and then repeat the process. In other words, there is still a lot of uncertainty regarding any project, and that includes IOTA.

However, even with all of that in mind, many are quite optimistic about this particular project, especially after a recent announcement. The announcement in question indicates that IOTA is about to see a massive upgrade. In most cases, this would be more than enough of a reason to expect the coin to start performing better. But, in IOTA’s case, this is nearly a guarantee that it will.

The update is believed to carry a lot of fixes for a lot of problems that traders and investors have been reporting for a while. No crypto is perfect, and since IOTA is…

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