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Litecoin Price Prediction [Update]: LTC Leading the Last Market Rally Is Good News — Here’s Why

  • Darryn Pollock
    🤷 Opinions

    Litecoin was the leader in last week’s market rally; this is good news in general as it shows shift towards the importance of currency.


Litecoin Price Prediction [Update]: LTC Leading the Last Market Rally Is Good News — Here’s Why
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Last week was a fantastic week for Litecoin, once seen as the silver to Bitcoin’s gold, as it rallied 30 percent in a surge that helped many other top coins also pick up some solid gains. The growth for Litecoin could be attributed to the foundation’s partnership with software development firm Beam to explore a new protocol called “Mimblewimble” that will improve privacy and scalability.

But what is more important to note is that this boost for the cryptocurrency that is aimed at being a quick and easy functional cryptocurrency is that there is a lot of excitement surrounding these kinds of improvements.


Bitcoin has so often been the leader in terms of market fluctuations, but when another coin takes the lead in big boosts, it makes sense to dig a little deeper. For Litecoin, the possibility of a better performing digital currency seems to be boosting excitement in the market, much more than the investability, and the ‘digital gold’ status that Bitcoin has had for so long.

Litecoin’s rally

Litecoin had been languishing for a while, slipping down the stakes in the market caps, as well as falling out of favour in the media and news. However, Litecoin jumped to the fourth position by market capitalization following the spike on Feb. 8.

The coin opened at a price of $44.76 the very next day. LTC reached a low of $42.40 before reaching a high of $47.09 and finally closing at a value of $46.83.

Litecoin's rapid rise saw it overtake first Bitcoin Cash, an offshoot of the original Bitcoin, and then EOS, an Ethereum rival, moving into fourth place on the list.

"We have started exploration towards adding privacy and fungibility to Litecoin by allowing on-chain conversion of regular LTC into a Mimblewimble variant of LTC and vice versa," Beam wrote in a Medium post. "Upon such conversion, it will be possible to transact with Mimblewimble LTC in complete confidentiality."

Making cryptocurrency important again

It may seem like a small thing, but the fact that Litecoin has made a big leap in its growth and signed a rather important partnership shows that there is a lot of interest in a workable cryptocurrency coming forward.

Many enjoyed the run Bitcoin had in gaining value as they dove into investing and hoarding the coin as a digital gold. But now, with Litecoin being much more spendable and gaining value, perhaps the perception is changing to people wanting to spend digital currencies, and thus make the market far more liquid and healthy.

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XRP Price Surging in Bullish Trend: Did Forbes 50 List Boost Ripple to Be Taken Seriously?

  • Jack Thomas
    🤷 Opinions

    XRP is seeing some good gains, but could it be because Forbes has listed it among other major billion dollar companies in blockchain?


XRP Price Surging in Bullish Trend: Did Forbes 50 List Boost Ripple to Be Taken Seriously?
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Ripple, and its XRP token, have always had a hard time being taken seriously by the Bitcoin maximalists and other ‘true’ crypto aficionados. The company has been focused on partnering with banks, which has been for a long time the scourge of the crypto market.

However, there has been a change in the sentiment around cryptocurrency and blockchain, with media houses like Forbes calling 2019 the year of enterprise blockchain, and one of rebuilding after the speculative boom and bust in 2017/2018.


Forbes has now produced a prestigious list of 50 enterprise business valued over $1 billion that are doing good things with blockchain and crypto, and Ripple is one of the few startups that are on the list. Ripple finds itself in the company of businesses like Microsoft, IBM, BP, Amazon and other multinational conglomerates.

A reputation boost?

So, while XRP and Ripple have been mostly viewed with suspicion within the cryptocurrency community, it could be that their appearance to the mainstream through the lense of Forbes is a lot better and brighter.

The blockchain list by Forbes is intended to inform about how much enterprise use of blockchain is actually going on from major companies, and some companies many would never have thought were involved in the technology.

There is no doubt that it is a boost for the technology underpinning cryptocurrency, but it would seem that even the XRP token is receiving a boost from this unearthing of institutionalised interest.

Price prediction?

This legitimizing boost has been reflected in XRP’s increase in value of over six percent, but looking ahead, it appears as though there is chance for a bigger boom.

This upwards move firmly established XRP’s support level around $0.32, so one analyst believes that it may continue surging towards $0.48 in the near-future.

Ryan W, a popular cryptocurrency analyst, spoke about this possibility in a recent tweet, noting that XRP does face resistance levels at $0.38, $0.44, and $0.50, but also explaining that he expects the crypto to garner enough upwards momentum to break above at least two of these resistance levels with a price target set at $0.48.

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