Litecoin Cash (CRYPTO:LCC) Market Cap Tops $9.04 Million

Litecoin Cash (CURRENCY:LCC) traded 3.1% lower against the dollar during the 1-day period ending at 18:00 PM ET on January 26th. One Litecoin …

Litecoin Cash logoLitecoin Cash (CURRENCY:LCC) traded 3.1% lower against the dollar during the 1-day period ending at 18:00 PM ET on January 26th. One Litecoin Cash coin can currently be bought for approximately $0.0149 or 0.00000403 BTC on cryptocurrency exchanges including HitBTC, Mercatox, Braziliex and SouthXchange. Litecoin Cash has a total market cap of $9.04 million and approximately $45,299.00 worth of Litecoin Cash was traded on exchanges in the last 24 hours. Over the last seven days, Litecoin Cash has traded down 7.1% against the dollar.

Here’s how other cryptocurrencies have performed over the last 24 hours:

  • Mixin (XIN) traded down 1.3% against the dollar and now trades at $104.57 or 0.02828695 BTC.
  • Fusion (FSN) traded up 3.7% against the dollar and now trades at $0.32 or 0.00008624 BTC.
  • Distributed Credit Chain (DCC) traded up 4.5% against the dollar and now trades at $0.0013 or 0.00000034 BTC.
  • Sakura Bloom (SKB) traded up 8.4% against the dollar and now trades at $0.0013 or 0.00000035 BTC.
  • XinFin Network (XDCE) traded 3.6% lower against the dollar and now trades at $0.0007 or 0.00000018 BTC.
  • Bitcoin Atom (BCA) traded down 3.9% against the dollar and now trades at $0.12 or 0.00003362 BTC.
  • Bean Cash (BITB) traded 4.4% higher against the dollar and now trades at $0.0008 or 0.00000023 BTC.
  • EDRCoin (EDRC) traded down 0.6% against the dollar and now trades at $0.65 or 0.00017623 BTC.
  • Measurable Data Token (MDT) traded down 0.8% against the dollar and now trades at $0.0039 or 0.00000106 BTC.
  • DAO.Casino (BET) traded 0.6% higher against the dollar and now trades at $0.0095 or 0.00000257 BTC.

Litecoin Cash Coin Profile

Litecoin Cash (CRYPTO:LCC) is a coin. Its genesis date was February 3rd, 2018. Litecoin Cash’s total supply is 607,073,457 coins. Litecoin Cash’s official website is litecoinca.sh. Litecoin Cash’s official Twitter account is @LitecoinFork. The Reddit community for Litecoin Cash is /r/LCCofficial and the currency’s Github account can be viewed here.

Litecoin Cash Coin Trading

Litecoin Cash can be traded on these cryptocurrency exchanges: HitBTC, Braziliex, Stocks.Exchange, SouthXchange, YoBit, Trade Satoshi, Mercatox, Exrates and CryptoBridge. It is usually not possible to buy alternative cryptocurrencies such as Litecoin Cash directly using U.S. dollars. Investors seeking to trade Litecoin Cash should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as GDAX, Changelly or Gemini. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Litecoin Cash using one of the aforementioned exchanges.

Receive News & Ratings for Litecoin Cash Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Litecoin Cash and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts

TradeBlock Report Shows Bitcoin Futures Trading Volumes Were Inversely Correlated with Spot …

The increase in trading volume is also related to retail investors leaving the market due to the falling prices of virtual currencies. The report went on …
TradeBlock Report Shows Bitcoin Futures Trading Volumes Were Inversely Correlated with Spot Trading Volumes

In a recent report released by Trade Block on February 7, compares Bitcoin (BTC) futures and spot trading volumes. Back in 2017, the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE), launched Bitcoin futures products to the market.

According to their report, Bitcoin futures trading volume has fallen since they reached a peak in the summer of 2018. At the same time, the results show that the total bitcoin futures trading volume at the CME and CBoea reached parity with the five largest U.S. crypto exchanges.

One of the things that the report mentions is that trading volumes at the CME surpass the volumes registered by the Cboe. Although there is no explanation to why this happened, the CME had larger trading volumes than the Cboe since January 2018, more than a year ago.

In 2018, trading platforms have seen their trading volume fall following the bear trend in the cryptocurrency market. As per the report, spot trading volume fell approximately 85% between January 2018 and October 2018.

In November and December, volumes started to rise once again. One of the main reasons behind this increase is related to the hard fork experienced by Bitcoin Cash (BCH). Just before the hard fork, Bitcoin was traded around $6,000 and then it dropped down to $3,250 in December 2018.

The increase in trading volume is also related to retail investors leaving the market due to the falling prices of virtual currencies. The report went on explaining that this is in line with falling search engine trends for Bitcoin and cryptocurrencies that were usually used to measure the sentiment in the market.

The researchers mention that peak notional trading volume in Bitcoin futures contractsoccured in the months of July and August before the decline started. December 2018 registered the lowest monthly trading activity in Bitcoin futures since these products were launched to the market.

The report reads as follows:

“While bitcoin futures trading volume initially saw significant growth each month following inception, spot trading activity was steadily declining during this same time period. Given these divergent trends, total future trading volumes across CME and Cboea reached near parity with total spot trading volume across five of the largest US accessible digital currency exchanges.”

Now, it will be interesting to see how these trends will continue in 2019 and how they will be related one to the other. It is also worth mentioning that there are several companies that want to launch bitcoin futures platforms, one of them is Bakkt, which was founded by the Intercontinental Exchange (ICE).

Crypto OG: Next Act To Bring Bitcoin (BTC) Above $250000

In spite of Friday’s surge, the lethargic crawl of the Bitcoin price has continued. While the 8% rally seen not 72 hours ago was welcomed, the …

Bitcoin To Enter Its ‘Third Act’

In spite of Friday’s surge, the lethargic crawl of the Bitcoin price has continued. While the 8% rally seen not 72 hours ago was welcomed, the cryptocurrency remains in ‘no man’s land’, as no there are still evident lines of support and resistance putting a vise around BTC. Yet, in a recent podcast, a leading crypto ‘OG’ claims that eventually, the flagship digital asset will begin to run, and to new, jaw-dropping all-time highs at that.

Speaking to Mark Pesce’s “The Next Billion Seconds” just weeks ago, Mark Jeffrey, a cryptocurrency pioneer that authored 2013’s “Bitcoin Explained Simply,” expressed optimism towards this nascent space, currently embroiled in the midst of a so-called “nuclear winter.”

Jeffrey remarked that cryptocurrencies are much like the early Dotcom industry, echoing remarks made by a number of analysts, such as Meltem Demirors. Yet, he noted that this budding space is compressed time-wise in comparison to Dotcom, explaining that development in this space is four to five times faster than Internet-enabled digital technologies. Thus, crashes and rallies are only accentuated and amplified.

This aside, he remarked that this isn’t the end of the story for Bitcoin and other cryptocurrencies, adding that the current market conditions are just a byproduct of market cycles. In fact, he noted that the “third act” of this story, which he likened to Star Wars: The Return Of The Jedi is just around the corner. Jeffrey explained:

The third act is coming. And if it’s anything like the Dotcom boom and bust, we saw a little hump, then a dead period, and then an actual value ascension with Amazon, Google, Facebook, and LinkedIn and on. I think we’re going to see that same thing with cryptocurrencies.

$250,000 BTC?

And with all this in mind, he doubled-down on his price prediction that Bitcoin could eventually foray out of its quintuple-digit cell to finding a home at $250,000. Jeffrey was hesitant to give an explicit timeline, but, considering his aforementioned comments about the time compression in the cryptosphere, such a figure has the potential to be achieved in a few years’ time.

Jeffrey isn’t the only analysts making calls in this range. Speaking to CoinTelegraph, Tim Draper, a legendary venture capitalist based in the heart of Silicon Valley, explained that he believes that $250,000 for each BTC is possible… eventually.

Draper, who parents a crypto-friendly venture capitalist, explained that Bitcoin’s recent move lower could just be a byproduct of market cycles, potentially accentuated by external bearish pressures. Draper then noted that in any business, a disruptor — Bitcoin in finance’s case — often moves with immense volatility, even if the innovation holds immense value for the health of society.

Regardless, the staunch cryptocurrency optimist remarked that over time, U.S. dollars and other fiat currencies will depreciate rapidly, creating an environment that could see BTC gain notable levels of traction. Echoing comments made by Travis Kling, Draper even explained that cryptocurrencies aren’t tied to a central bank, which by extension, includes the whims of inflation and the flaws in human nature.

Yet, some have been even more optimistic. Through the use of a compilation of the Internet’s historical growth cycles, Bitcoin’s adoption curve, among other fundamentals factors and points of in-depth analysis, Filb Filb noted that $333,000 for each BTC could make sense eventually.

Title Image Courtesy of Descryptive.com Via Unsplash

Bitcoin (BTC) Remains Vulnerable Until Trend Line Resistance Is Broken

Bitcoin (BTC) bulls have come up with a lot of bullish setups that could play out in the weeks and months ahead. However, as long as BTC/USD …

Bitcoin (BTC) bulls have come up with a lot of bullish setups that could play out in the weeks and months ahead. However, as long as BTC/USD remains below the trend line resistance, all bets are off. Yesterday’s daily candle closed below the trend line resistance after facing strong rejection. Today’s daily candle has already declined below yesterday’s candle and it is now clear that the price may decline towards the 21 Day EMA in the days ahead. That being said, there is no reason to look for bearish entries at this point as the risk/reward is not favorable. Bitcoin (BTC) has had an extensive correction and the price has found a local bottom. We do not know yet if this is the ultimate bottom but what we do know is that the price will have to correct to the upside first before it can fall lower.

It surprises me to see that a lot of professional traders who are very good with charting and risk management often downplay the effects of human psychology in trading. Many professional traders are good with coming up with very detailed charts that highlight all sorts of scenarios but the problem lies in interpretation. Any computer software or algorithm can come up with possibilities and outcomes to execute with perfection, but the reason they have not beaten humans at their own game is because they do not have the ability to think. A lot of people can come up with interesting patterns and trends as to where they think the price could be headed next. However, very few can properly analyze the probabilities of those outcomes. It is a problem we are seeing more and more in this space as people are rushing to provide information without understanding the subject matter themselves.

Recently, Tom Lee of Fundstrat who earlier predicted Bitcoin (BTC) at $25,000 by December, 2018 has now set a target of $2,270 for BTC/USD in Q1 of 2019. This prediction might be as hard to come true as the previous one. The reason I say that is because a fall to $2,270 has a very small probability of being a flash crash. In other words, if the price were to fall to $2,270, it would have to close below the 200 Week MA and not just fall below it. We have seen flash crashes below the 200 Week MA in the past but we have not seen a close below the 200 Week MA in the entire trading history of Bitcoin (BTC). If there is anything we have learnt following Bitcoin (BTC) throughout its long boring bear trend is that the BTC/USD chart is just one piece of the puzzle.

There are other important charts that give us valuable insights as to the future outlook of Bitcoin (BTC). One of such charts is the number of open short positions on exchanges. The daily chart for BTCUSDShorts has historically been a good indicator of the strength of sell pressure on Bitcoin (BTC). When the number of shorts declined heavily in November, 2017 that was when we saw most cryptocurrencies rally aggressively against the US Dollar (USD). Similarly, when the number of shorts started to spike in early 2018 that is when we saw the bear trend begin. The trend line support that BTCUSDShorts is trading on has not been broken once. However, the probability of it being broken this time is higher than ever as BTCUSDShorts has closed below both the 200 Day MA and the 21 Day EMA. If this trend line support breaks, BTC/USD could climb above $6,000 in a matter of days.

Related Posts:

  • No Related Posts

Ethereum vs Litecoin – Which Cryptocurrency is Better?

While Bitcoin was built as a cryptocurrency platform Ethereum is a … Ethereum’s smart contracts are codes that survive on the blockchain and can …

Feb 10, 2019 21:36&nbspUTC

| Updated:

Feb 10, 2019 at 22:54&nbspUTC

By&nbspRishma Banerjee

If you are a crypto enthusiast, you might be wondering which cryptocurrency would be the best to invest in. In the case of the top 10 cryptocurrencies for 2019, people often get confused about the pros and cons and which currency outweighs which.

One such common source of confusion is which amongst Litecoin and Ethereum is better.

You May Also Read: Key Trends and Developments for Blockchain and Cryptocurrency in 2019

What is Litecoin?

Litecoin, which essentially is a forked version of Bitcoin was created in 2011 and began with the Bitcoin codebase. Litecoin, however, has a few unique traits of its own.

It has a finite supply of 84 million coins compared to Bitcoin’s 21 million.

The cryptocurrency can also be mined up to four times faster than Bitcoin. Litecoin often targets smaller transactions. Litecoin uses SegWit (Segregated Witness) and can support smart contracts. However, much of the active development for smart contracts is centered on Ethereum.

Litecoin’s endurance may speak to its future longevity.

The fact that Litecoin has survived this long (since October 2011) and that it is one of the few currencies available on the highly-selective Coinbase exchange could indicate a better future than other altcoins.

However, there is an ongoing debate about incorporating SegWit into Bitcoin as well, and if in case that happens, it would be a major loss of advantage for Litecoins.



Like many cryptocurrencies, Litecoin enjoyed a massive runup in price at the end of 2017 and into early 2018. Prices have fallen since that time but remain substantially higher than the early 2017 levels.

You May Also Read: Are Bitcoin and Litecoin Same?

What is Ethereum?

Ethereum, the brainchild of Canadian programmer and Bitcoin enthusiast Vitalik Buterin, was launched when in 2013, he released a white paper about Ethereum

The white paper detailed the potential uses of an alternative blockchain technology that could work as both a decentralized platform for developers to build applications as well as a financial instrument.

Ethereum gradually gained momentum as more and more developers joined its ranks and become a growing community of high-tech enthusiasts.

Ethereum was a live cryptocurrency by the end of 2015 and since its beginnings just a few years ago, Ethereum has become the once second-largest cryptocurrency by market capitalization.

While Bitcoin was built as a cryptocurrency platform Ethereum is a decentralized application platform — one that also hosts a cryptocurrency, ‘Ether’ which serves as a fuel for the network. Though the difference may sound like an issue of mere semantics, the distinction is a major reason why Ethereum has had such a large scale adoption in such a short span of time.

Ethereum’s smart contracts are codes that survive on the blockchain and can enable monetary exchanges, or transfer content, property, shares, or other items of value based on a bunch of rules as is built into each contract.

You May Also Read: How is Ethereum Different Than Bitcoin?

Similarities between LTC and ETH

Both Litecoin and Ethereum are traded on Coinbase. They even feature in GDAX, the company’s exchange for advance traders.

Litecoin and Ethereum both provide faster transactions than Bitcoin, but they use different approaches to speed those transactions. Regardless of the technical details, a faster transaction time helps a currency to be viable.

Differences between LTH and ETH

Litecoin is primarily viewed as a currency — which was a fork of Bitcoin.

Though both Litecoin and Ethereum were inspired by Bitcoin, they have taken very different directions in development. Litecoin is a faster and cheaper version of Bitcoin and Ethereum and attracts the attention of developers who see more applications for the platform.

Ethereum rising from it’s white-paper obscurity, from just the of a young coder, to the thirds largest cryptocurrency, in the world, is an impressive feat and speaks to the enthusiasm the community has for Ethereum and its long-term applications.

With the ability to host applications, store data, transfer value, and communicate — all on the blockchain — it’s not surprising that Ethereum has captured the imagination of investors and developers alike.

Conclusion

The technology behind it all is volatile, as is the pricing. However, objectively speaking, For now, Ethereum seems likely to be the best store of value now.

Not only does it have a much higher and growing interest from the wider cryptocurrency community, despite its younger age, but its growing name recognition and availability also continues to drive it forward, making it easier for any kind of transaction.

Ethereum is likely to disappear only if cryptocurrencies, as a whole, disappeared.

Here Are A Few Articles For You To Read Next:

Rishma Banerjee

Rishma is currently pursuing a bachelor’s degree in International Relations and has a special place in her life for sifting through all sorts of random trivia, thank you very much.

Related Posts:

  • No Related Posts