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Litecoin (LTC) Price Prediction: Is The Expected Rally Above $60 Possible?

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Litecoin (LTC) Price Prediction: Is The Expected Rally Above $60 Possible?

Litecoin one of the world’s top cryptocurrencies has many crypto experts and analysts predicting a massive rise this year. Though the cryptocurrency market has been volatile over the past year, it is expected that Litecoin could reach a new high this year.  The recent rally has led the coin to a close price of $50, though it is at about $46.

Currently, Litecoin is on the 5th position as the largest cryptocurrency by a market cap of over $2 billion. Looking at the cryptocurrency market create no doubt that thing is going quite fast, making it difficult to give a finite forecast of the market.  However, technically analyzing Litecoin suggest that Litecoin will see a further price rise in the long term. Monte Carlo’s analysis which was performed on Litecoin showed that the coin could soar to a price of $507 by the end of 2019.

That seems like a huge price prediction and not achievable for that matter; however, what seems possible is a massive rally shortly that will see the price of the coin rise. Litecoin has the potential to reach or even go above $60 in the next rally.

Based on Litecoin’s performance in February 2019, I think it will surpass the $60 expectation and reach over $120 by the end of the year. Overall, Litecoin on a path of multiplying its cost this year and even exceed expectations. Nevertheless, a lot of people have the belief that most cryptocurrency price relies on the trend of Bitcoin; therefore, if Bitcoin can continue with the momentum, then we anticipate Litecoin following that trend.  

Cryptocurrency

Guess what? Reviews on cryptocurrency exchange are useful again!

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Guess what? Reviews on cryptocurrency exchange are useful again!

Reviews on cryptocurrency exchanges have gone from being non-existent, to being filled with CPM-triggering banners, to now – actually being useful. To being something that every interested cryptocurrency investor should read before investing somewhere. This article will describe the development.

Back when the first cryptocurrency exchanges opened up shop, in 2011, there were no competition on the market. As the cryptocurrency exchanges essentially provided a then unique service (buying/selling crypto), there was no need for them to have competitive consumer friendly trading fees. The people using the services should just be happy about the services existing at all! As there were no real competition on the market, there weren’t that many reviews either. The main purpose reviews is to compare the item of review with another item, to see which item is the right for you. If there aren’t any other items for you to choose from, then why should anyone else bother preparing a review?

Eventually, the cryptocurrency market expanded a bit and so did the cryptocurrency exchanges. Between 2011-2014, numerous new exchanges opened up shop. Mt. Gox was the biggest one until February 2014. Actually, as much as 65% of the Bitcoin trading around the world took place at this single cryptocurrency exchange. Now, as there were more cryptocurrency exchanges, there was a greater need for comparisons. Mt. Gox charged 0.60% as flat fees for trading (there was definitely some room for improvement there). New exchanges entered the market with lower trading fees and suddenly a need for cryptocurrency exchange reviews had arisen. Problem at this time however, was that many of the reviewing sites focused more on driving traffic to their banners in order to make advertising money, than what they focused on providing valuable content to its visitors/readers. There are a few review sites that still have banner traffic as their main ambition. Take a look at this site for instance:

Banners everywhere…

But every market must evolve, and so also the market of providing unbiased independent information to prospective cryptocurrency investors searching for the right cryptocurrency exchange.

So, today, the review sites are generally much more sophisticated. They are actually more about what they should be – providing guidance and help to the people in need of the review: cryptocurrency traders. Also, as the cryptocurrency exchange market has become much more competitive, there is a race to the bottom between cryptocurrency exchanges. Each exchange offering lower trading fees than the other, all in order to entice customers.

The best review sites address the things most important to readers, such as trading fees, deposit methods, available cryptocurrencies, security etc. The current industry leader when it comes to cryptocurrency exchanges and reviews of them is the company Cryptowisser.

On cryptowisser.com, they operate the world’s largest list of cryptocurrency exchanges, listing more than 400 exchanges with individual well-written reviews for each and every one of them.

A few of their reviews that you can access through the hyperlinks below are the:

Bittrex review; the

Changelly review; the

Binance review; and the

Bitsane review.

Needless to say, the review culture has come a long way since 2011 and now really serves a purpose – to help, guide and warn cryptocurrency traders in their choice of cryptocurrency exchange.

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Cryptocurrency

Binance Cryptocurrency Exchange Considers Launch of Its Stablecoin

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Binance Cryptocurrency Exchange Considers Launch of Its Stablecoin

The CEO of Binance Changpeng Zhao in a response to a Twitter user who suggested the exchange should launch a stablecoin suggests he is considering launching one. The Twitter user said a stablecoin from Binance would become a major token on the Binance blockchain and there is no reason why the exchange shouldn’t launch one.

Binance launched its cryptocurrency Binance Coin (BNB) in 2017 and the coin has been largely successful. BNB was referred to as the new Bitcoin at some point because it was determining market direction i.e the market fell or rose as its price changed.

Binance is also the largest crypto exchange by adjusted transaction volume and has maintained that position for a long time. Changpeng Zhao’s influence in the cryptocurrency industry is so great that other exchanges could delist a token that his exchange delisted first.

This is why a stablecoin launched by the exchange can have a significant impact and probably grow faster than other stablecoins have. The recent event concerning Tether, however, may have reduced the popularity of stablecoins in the industry.

Stablecoins are cryptocurrencies just like Bitcoin and XRP, only they are backed by some more stable currency such as the U.S Dollar. Tether was said to be backed by the USD thus giving it a stable value so that users can pay for goods and services without having to worry about value fluctuation. However it was discovered during the court case following the suit that only 74% of USDT is backed by the USD.

This has sent chills down the spines of cryptocurrency users when it comes to stablecoins and it might take a while for that to go away. Launching a new stablecoin at this time therefore may not be a good idea but who is to say what possibilities lie ahead of Binance’s possible new stablecoin?

The whole cryptocurrency market is just recovering from the problems caused by Tether USDT. Bitcoin is over $5,400 and Ethereum is over $160 while XRP is in the reds with Binance Coin and of course Tether USDT among the top ten cryptocurrencies. But if Binance will launch a stablecoin that brings more good to the ecosystem that bad, why not?

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