The price of Litecoin (LTC) hit a one-month high just two days ago right in the bullish period on the crypto market. Litecoin is the seventh largest cryptocurrency by market cap and it reached $68.59 on Monday which is the highest price since last month.
However, litecoin did drop from this all-time high today reaching $63.65 which is a stunning 5.87 percent drop in just two days. The bullish mood on the crypto market might be spiked because of bitcoin’s rally where it went up by 20 percent. Despite the drop, the long-term plan for Litecoin is looking pretty optimistic. Litecoin could find support at the resistance line at $69 because its current market cap is standing at $3,701,910,186 which is a decent higher level since August. The entire market is looking good as well. All the predictions say that the crypto market is in the green zone because of many other widely adopted cryptocurrencies such as Bitcoin Cash, Monero, and, of course, Bitcoin is recording price growth daily. Monero is actually one of the biggest winners gaining more than 10 percent price increase.
On August 28, Litecoin dropped out of its range and these are the signs that show that Litecoin is holding the support and flattening out. This shows that all the bad selling pressure reduced and a green trend swing is possible. Litecoin shows strength reaching this high price positions and it will stay strong if LTC keeps it above the $64 mark. Overall, Litecoin is in a good position for the rest of the year.
Where Does Bitcoin Cash (BCH) Stand The Day After The Fork?
“Even if the SV mining collation do catch up with ABC or if they manage to do hostile chain re-orgs, its highly unlikely BCash ABC users & investors will ever switch to follow SV. ABC users just need to be patient & wait it out. @CalvinAyre & the SV miners will eventually give up,” BitMEX wrote on Twitter, doubling down on Jonathan Bier’s pre-fork prediction that miners would ultimately abandon the BSV fork.Currently, people are wondering how does the BCH hard fork affect other projects such as Bitcoin. The good news here is that the fork has no effect on BTC other than making it even less likely that Bitcoin Cash (BCH) will overtake Bitcoin (BTC) and claim its mantle.
A New $4 Billion Drop Sees Bitcoin Cash – And The Entire Market – Falling
‘Time May Be Right’ For Home Crypto Mining: Coinbase CTO
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine.”This is a notable perspective mostly because Srinivasan previously founded 21.co which was a startup that emerged from stealth in 2015 and had an ambitious plan to embed Bitcoin miners in everyday devices- which was then backed by Coinbase Ventures. Following the Coinmine announcement, Srinivasan wrote:
“The big difference with decentralized mining in 2018 is that there are now so many different coins and tokens out there that it’s almost certainly possible to make a profit – or at least mine a decent amount of some crypto – via a decentralized home mining device like Coinmine."As we can see from the above stated, the CTO of Coinbase seems optimistic about Coinmine's ability to add even more coins later, foreseeing a future where the company could play a key role in the launch of new tokens.
“I believe that decentralized mining is an important idea and worth trying again. It’s mining as Satoshi intended: many devices around the world with no single point of failure." Srinivasan concluded.
Crypto Exchange OKCoin Expands To Latin America, Launching A Fiat Market
"We’re aiming to grow throughout the region by bringing institutional and retail traders there an array of trusted trading options so they can buy and sell with confidence,” Buyn said following the official announcement.He also pointed that the Latin American market is extremely important for the exchange as it is for many crypto and blockchain industries.
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