New data from Binance suggests that crypto markets have bottomed out and that the recent rally could make real headway.
Litecoin News
Litecoin (LTC) is a cryptocurrency and an open-source project released in 2017, inspired by and very close technically to Bitcoin. The key idea of the project was to make a faster and cheaper to use alternative to Bitcoin
Although there are some similarities between BTC and LTC, you can’t define Litecoin without pointing out some key differences, such as instant and near-zero cost transactions, increased speed of adding a new block into the Blockchain (2.5 minutes against 10 in the Bitcoin network) and a scrypt usage in its Proof-of-Work process to make it easier for regular PC users to mine new blocks against ASIC miners. It is also one of the first cryptocurrencies that adopted SegWit.
Litecoin is hugely popular to this day, ranked sixth place on CoinMarketCap with a more than eight billion dollars market cap.
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While fundamentals in the sector are improving, it still lacks the full-fledged involvement of institutional players.
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Serious money is looking to get into the crypto sector, which could help sustain the current uptrend in digital asset markets.
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Some indicators show that Bitcoin is heavily overbought, which could point to a downward correction in the near future.
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Paxful Inc. has been accused of defrauding Nigerian investors out of millions of dollars worth of crypto through arbitrary account closures.
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As Bitcoin’s recent surge pulled most altcoins upward, market participants have recalled the 2017 bull run.
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Technical analysis on top 10 cryptocurrencies.
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New exchange-traded-products that track the value of XRP and Litecoin are now available for trading.
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Crypto markets have rallied recently in what some are calling the first signs of recovery in 2019.
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The company also reportedly generated about $7.7 million in revenue through its cryptocurrency mining.
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Browser-based blockchain payments system Nimiq has acquired a 9.9 percent stake in Germany’s WEG Bank AG.
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Bitcoin’s dominance is slipping as traders are turning positive on select altcoins.
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Blockchain and crypto tokens are changing how traditional assets are traded, which is a bullish sign for the asset class.
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Digital gift card provider Bitrefill has added an option to make Airbnb reservations with cryptocurrency.
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Sentiment toward blockchain technology remains skeptical, as major influencers say that a solid use case is yet to appear.
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