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Tag: LTC

  • Everything you need to know about Litecoin (LTC)

    Everything you need to know about Litecoin (LTC)

    LTC was one of the top five cryptocurrencies until 2017 when the company’s founder Charlie Lee publicly revealed that he had sold all of his LTC assets in order to focus more honestly on its growth. LTC prices plummeted subsequently. This 15-week buildup by the great whales is the greatest since the 2017 dumping and has caused quite a fuss.

    Litecoin was made as digital money in view of the Bitcoin convention to consider minimal expense shared worth trade. Litecoin, otherwise called Bitcoin Lite, looks to beat the leader digital money as far as speedier, safer, and more financially savvy exchanges. It is one of the earliest crypto coins and keeps on having an enormous local area continuing in the crypto business. Normally, it enjoys huge upper hands over Bitcoin in different regions, including:

    • Hard Cap: The total amount of LTC is hard-capped at 84 million, which is four times the total supply of Bitcoin, which is 21 million.
    • Block Transaction Time: Its block transaction duration is 2.5 minutes, which is quicker than Bitcoin’s time of 10 minutes.
    • Lightning Network: Prior to Bitcoin, it also used the Lightning Network upgrade. Lightning Network is a layer-2 scaling solution that is incorporated.

    The crypto coin was posted on GitHub by its maker in October 2011, scarcely two years after the beginning block of Bitcoin was produced. Charlie Lee is a notable PC researcher who previously worked at Google and afterward as Coinbase’s head of designing.

    The company network depends on the PoW agreement, and each LTC is mined and added to the circulation, similar to Bitcoin. Right now, 69.4 million LTC have been mined out of a complete supply of 84 million. Litecoin, like Bitcoin, encounters dividing after every 840,000 blocks mined (virtually at regular intervals). In 2015 and 2019, the LTC network was sliced down in half. The current block award for mining one LTC block is 12.5 LTC. The following dividing will happen in 2023.

    LTC is currently one of the main 25 digital currencies as far as market capitalization. As of August 2021, it is one of the most normally acknowledged cryptocurrencies, with more than 2,000 online business shops and organizations tolerating it. LTC is a truly savvy and speedier coin elective than numerous other digital currency projects, particularly in immature countries, with low exchange costs and quicker exchange throughput.

    One more plume in LTC’s crown is the MimbleWimble test net, which was sent off in late 2020 to test MimbleWimble-put together with mystery exchanges with respect to LTC’s organization. LTC clients will profit from expanded security and fungibility once the change is carried out. The coin has a huge guarantee as a minimal expense P2P payment framework, and with a new premium in LTC’s worth, the coin may before long travel higher than ever.

  • Litecoin (LTC) –  What is the Chart Showing Us?

    Litecoin (LTC) –  What is the Chart Showing Us?

    At the time of writing LTC is being traded at the price of $156.02. The price of the coin has increased by almost 3.87% in the past 24 hours (Practically at the same position). The maximum and minimum of the day are around $156.62 and $142.10. The daily trading volume has on the other hand has also increased by almost 25% in one day. LTC is listed on coinmarketcap at 18th spot according to market capital and has a market dominance of about 0.47%.

    LTC before the crash had achieved its all-time high around the price of $433.5 in May 2021. During the crash, LTC created a bottom and dropped down to $113.8 in July. Just like many other coins, the coin showed reversal but it wasn’t strong enough and now is nearly at the bottom again and has nearly retraced back to the position which it had during the month of August.

    LTC has a total supply of around 84M tokens and has nearly all of them in circulation i.ie around 69.17M. LTC can be traded at a lot of different exchanges such as Binance, OKEx, Mandala Exchange, and Huobi Global.

    Technical Analysis – Litecoin (LTC)

    Litecoin by many people has been used as a top signal. The price went on to create a high but couldn’t sustain it and eventually dropped down which resulted in the shift of structure.

    The price has now broken the structure and now is on a downtrend. Price of LTC has grabbed the liquidity at the bottom and eventually moved up again.

    LTC -1D

    Now during this break of structure, it can be seen that the price had left an imbalance in the candles and has shown inefficiency. We can expect the price of LTC to move upwards and fill this gap from where a reaction can be expected. If the price fails to hold this level, it can drop down to an even lower liquidity grab otherwise we can look for a higher high.

    Price Prediction – Litecoin (LTC)

    Litecoin (LTC) has been one of the highly bullish coins in the market. According to wallet investor, LTC in one year is expected to reach a value of $245.265. In five years, it is expected to touch $592.380. This shows that LTC has a huge amount of potential in it. It would give an amazing return to the people who would hold it.

     

  • Litecoin (LTC) coin price prediction – To cross 0?

    Litecoin (LTC) coin price prediction – To cross $500?

    Litecoin (LTC) has not formed any decisive price action as of yet. The price of the cryptocurrency is oscillating without any certainty. At the time of writing, Litecoin stands at a price level of $135. The price has moved up slightly in the past twenty-four hours while in the weekly timeframe Litecoin has suffered losses of nearly 7%. The daily trading volume of the cryptocurrency is also dropping.

    Litecoin (LTC) technical analysis

    The market sentiment for Litecoin is bearish. Out of the total twenty-six technical indicators, twelve are giving out a signal of sell with ten standing at a neutral position and only four giving out a buy position.

    Litecoin (LTC) technical analysis
    Litecoin (LTC) technical analysis

    Litecoin has been identified to be operating inside an ascending channel formation in the long timeframe. The historical price movements of the cryptocurrency show a trend which can be translated into Elliot waves. At the moment, Litecoin has formed a new Elliot wave series.

    After completing the first wave of the series, the cryptocurrency is moving downwards towards the lower boundary of the channel for the formation of the second. If the Elliot wave series is validated by Litecoin then it will continue to uphold the trend found in the historic price movement. Per the long-term analysis, the price of the cryptocurrency is expected to continue its upwards trajectory. The price target for Litecoin is set at $2,000.

    Litecoin (LTC) price prediction

    Litecoin (LTC) being one of the high-market cap cryptocurrencies had bullish long-term price predictions. According to the estimates of Digital Coin Price, Litecoin is going to end the year with $198 while the price in 2028 is expected to be at $623. Wallet Investor has a similar projection for the price of the cryptocurrency. According to their projections, Litecoin’s price level after a year will be $216 while the five-year projection shows a price of $515.

  • Litecoin (LTC) coin to gain bullish or bearish momentum?

    Litecoin (LTC) coin to gain bullish or bearish momentum?

    Litecoin (LTC) is struggling to maintain bullish momentum after the 7-day low of $145 during the market crash. The cryptocurrency has become increasingly volatile with a trend yet to be confirmed. At the time of writing, Litecoin stands at a price level of $173. The price has increased by more than 10% during the past twenty-four hours while the daily trading volume is also going up. Litecoin is ranked twelfth in the market in terms of capitalization.

    Litecoin (LTC) Technical Analysis

    The overall market sentiment for Litecoin is bearish. Out of the total twenty-six technical indicators, fourteen aregiving out a signal of sell with ten indicators standing at a neutral position and only two at a buy position. The oscillators are neutral while the moving averages suggest a strong downtrend of the cryptocurrency.

    Litecoin (LTC) technical analysis
    Litecoin (LTC) technical analysis

    A trader has identified the current price movements of Litecoin to be similar to the historical price action of 2017. Per the trader, Litecoin observed a 68% correction in 2017 after which it experienced a period of consolidation. It is after this that the cryptocurrency gained strong bullish momentum and established its all-time high. Litecoin has already observed a 68% correction during the market crash and it appears to be consolidating currently. If the scenario plays out, Litecoin can be seen reaching out for $1,300 – near the upper boundary of the ascending channel formation.

    Two key upgrades coming to Litecoin (LTC)

    Litecoin was once the top three cryptocurrencies. However, it has fallen drastically to twelfth place in the market. The new upgrade of the cryptocurrency may project the coin back to its golden days of top three. In an interview with Scott Melker, the founder of Litecoin Charlie lee has detailed two key upgrades that will increase the efficiency of Litecoin. The new upgrade is set to add fungibility and privacy to Litecoin – features that are crucial for money according to Lee.

  • Litecoin (LTC) new ATH – What to expect?

    Litecoin (LTC) new ATH – What to expect?

    Litecoin (LTC) has been surging. The cryptocurrency finally broke its all-time high of 2018 by establishing a new ATH at $412. At the time of writing, LTC crypto stands at a price level of $402. The price has increased by 15% in the past twenty-four hours while the daily trading volume has surged up by nearly 100%. Litecoin (LTC) is showing increased bullish divergence which can lead the coin even higher. Litecoin has had almost 550% gains in the yearly timeframe. The crypto has been regarded as the relatively stable one but that may be reversed given its recent surge.

    Litecoin (LTC) technical analysis

    The market sentiment for LTC coin is bullish. Out of the 26 technical indicators, sixteen stand at a position of buy while seven are standing at a neutral position with just three indications of sell. The oscillators are neutral while the moving averages are strongly bullish.

    A trader has set a price target of $450 followed by $500 for Litecoin in his price prediction. The trader has identified various crucial levels for the cryptocurrency which hints towards increased bullish divergence. The trader has identified the price level of $355 as crucial support level. If LTC crypto falls below the level it can enter a support zone in the hopes of stabilization but the fall would entail the rising pressure of the bears. A green zone lies above the price level of $355. The green zone is a signal of strong bullish divergence which could ultimately lead LTC coin towards the set price targets.

    Litecoin (LTC) price prediction

    Trading beasts’ forecasts are not bullish on the cryptocurrency and suggests a price of $260 by the end of the year. However, Wallet Investor has validated the price target of $450 as it is the value expected for LTC coin by the end of 2021. The 5-year forecast places Litecoin at a price level of nearly $700. Digital Coin Price is predicting Litecoin to have a price of $585 in 2021 while the 5-year projection shows Litecoin at $1,838.

  • Litecoin (LTC) to break all-time high soon?

    Litecoin (LTC) to break all-time high soon?

    Litecoin (LTC) has had a reputation of being the relatively stable cryptocurrency in the market. The bulls and bears of the coin usually lag. In the bull run of 2021, the LTC coin could not break its all-time high of $375. Litecoin; however, did establish a 52-week high at $335 and where expectations of breaking the ATH rose, LTC coin disappointed traders. The reputation of being stable has not affected the returns on the cryptocurrency. In the yearly timeframe, Litecoin has had a rate of return at 300%. At the time of writing, Litecoin stands at a price level of $253 – with only a slight increase of 0.25% in the past 24 hours.

    Litecoin (LTC) technical analysis

    The market sentiment for Litecoin is bullish with a majority of technical indicators giving out a bullish signal. Out of the total 26 technical indicators, fifteen are standing at a buy position, eight are neutral while just three are giving out a sell indication.

    Litecoin (LTC) technical analysis
    Litecoin (LTC) technical analysis

    Trader Elevated Chris has identified a recurring pattern spotted through the historical price actions of Litecoin. Per the trader and his identified pattern, LTC coin is headed upwards after which it will suffer from 50% retracements. However, the cryptocurrency will only pick up the bulls after the retracement and hopefully establish a new all-time high. The trader has set a price target of $385 for Litecoin.

    Litecoin (LTC) under the spotlight at CNBC

    Litecoin founder Charlie Lee was recently given the platform at CNBC to openly promote his project. Charlie Lee got the stage to talk about the fundamental differences that exist between Bitcoin and Litecoin and why Litecoin is a better alternative. Lee started off the project in 2011 aiming to create a “lite” version of Bitcoin which will solve all the issues facing Bitcoin.

    Lee commented on the differences in terms of speed and cost. Litecoin is both cheaper and faster than Bitcoin. Where it takes 10 minutes for the Bitcoin blockchain to verify a transaction, Litecoin is able to do it in around 2.5 minutes. Litecoin also employs a Scrypt Proof of Work Mechanism. The network also has a low transaction fee at just $0.046.

  • Top 3 Altcoins to watch in 2021

    Top 3 Altcoins to watch in 2021

    You really want to know what’s happening in the crypto world and which digital coins suit you best to buy this year.

    Back in 2017, when cryptocurrencies first surfaced on the bigger financial scale there were many speculations regarding their origin, security, and reliability. From an investor’s perspective, back then, things were much volatile and uncertain. But with passing time, things have changed in the crypto sphere.

    We have seen more adoption of altcoins from renowned global companies, financial services platforms, and governments. Bitcoin (BTC) has become a global phenomenon in the financial world. The emergence of Decentralized Finance (DeFi) will change the picture of financial services that are used in today’s modern era.

    In recent times, the financial services giants PayPal and Visa have started to allow their users to use altcoins for daily transactions. Moreover, CNBC has just learned that Goldman Sachs is close to offering its first investment vehicles for bitcoin and other digital assets to clients of its private wealth management group. This will be another major breakthrough for cryptocurrencies. So, in the middle of high expectations and a strong potential future, let’s have a look at the top three altcoins to watch for in 2021.

    Ethereum (ETH)

    Ethereum (ETH) is a smart contract platform for creating decentralized apps (DApps). The blockchain program comes up with its programming language known as Solidity. Ethereum is the second largest crypto by market cap and has grown massively since the start of the new year.

    Ethereum is the one who laid the foundation for DeFi and that’s the reason why a large portion of the DeFi ecosystem is based on Ethereum’s blockchain. According to analysts, after Bitcoin, Ethereum is the most interesting crypto in the space, especially the way it has popped up in recent times. So, Ethereum is definitely one of the best altcoins to look at in 2021.

    Cardano (ADA)

    Cardano (ADA) is a cryptocurrency network and open-source project that aims to run a public blockchain platform for smart contracts. It’s known for its innovative approach with its unique blockchain network.ADA is a proof-of-stake (PoS) blockchain platform: the first to be founded on peer-reviewed research and developed through evidence-based methods.

    Cardano is also one of the top-rated cryptos in the market and it has been in the picture along with top assets like Bitcoin, Ethereum, and others. For investors, Cardano has sparked a strong image with the ongoing bullish trend of the market. ADA is a must watch altcoin this year.

    Litecoin (LTC)

    Litecoin (LTC) is among the top-rated altcoins in the market and certainly one of the top altcoins to watch for in 2021. Litecoin has turned to be a great investment option over the past years. The reason Litecoin has grown into such a big network is that it’s one of the first alternatives to Bitcoin.

    Litecoin has a market cap of $12.9 billion and currently trades at the 9th spot in the market. The digital has much upside at the moment and seems a healthy investment option in the market.

  • LTC Properties (LTC) Stock Soars as it nears the fourth quarter earnings release

    LTC Properties (LTC) Stock Soars as it nears the fourth quarter earnings release

    LTC has lagged during the pandemic but with much promise, the stock showed resistance throughout the period.

    As LTC Properties (LTC) nears the earnings release, the shares are starting to pump—aiming for $40 per share. Currently, LTC stock is trading at $39.29 up by 1.68%.

    While the average trading volume of LTC is just under 250K, which means that investors are happy to jump in trading the dividend-based stock. The company has just announced its fourth-quarter results to be released soon, so what’s coming up?

    What’s Next?

    LTC Properties (LTC) is a US-based real estate investment trust (REIT) that invests in senior housing and health care properties. LTC is a conservatively levered REIT that maintains a comfortable dividend payout, which is paid from cash flows rather than EPS.

    The pandemic harmed LTC’s operations, but now with vaccine availability, things are expected to change in the next few months. During the past year, the company maintained fairly comparable FAD, with the drop partially related to lower rents received from Senior Lifestyle.

    The CEO of LTC in the Q3 report highlighted that they have recorded continued support from the government. Moreover, they received higher rent from its Senior Lifestyle portfolio compared to prior quarters.

    With things getting better now, the company will continue to support its operators. The company has also announced to reduce its rent escalation by 50% in 2021. This escalation will be in the form of a rent credit, providing financial support to its operating partners during these tough times.

    This one-time rent escalation reduction would probably have a $560K impact on LTC’s GAAP revenue for Q1 2021. While the funds available for distribution (FAD) would be around $1.4 million. This would create a good reliable relationship between the company and the operators in this crisis. The company wants to support its operators in any manner it can, continuing business operations and maintain cooperation with operators.

    Furthermore, LTC has scheduled the fourth quarter 2020 earnings results set to release on Feb. 18, 2021. The next day, the company will hold a conference call to discuss the quarterly outcomes with analysts and investors.

    The company has also declared the quarterly dividends that are to be payable on March 31 to its shareholders. LTC has announced a dividend payout of $0.19 for each common stock share, which equals a dividend yield of 5.90% at recent price levels.

    Conclusion

    LTC Properties (LTC) is trying to cope up with the pandemic situation quite well. As the Q4 earnings release nears, the stock would pop up and down. According to Zacks, in Q1 2021, LTC is expected to report an EPS of $0.71 per share from $0.81 per share year-over-year.