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Litecoin [LTC] next in line to fly high? – Sentiment Analysis – April 13

Vinod KA

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Litecoin [LTC], next in line to fly high? - Sentiment Analysis - April 13
Source: Wikimedia Commons

All of the major cryptocurrencies are still green as the bull market is having a field day at the moment. The Bitcoin dominance has come down to 42.5% as most of the coins seem to be rising still even after Bitcoin’s hike yesterday. All of the major coins are breaking their respective resistances and are having a bullish trend of their own. The total market capital at 11:57 AM UST is at $325.682 billion and the experts are of the opinion that it will cross $500 billion by the end of this year. Cryptocurrencies are gaining worldwide popularity as each day goes by and since it is a decentralized system, there are no worries of a ban for cryptocurrencies. This is completely a democratic system where the power is with the people.

To give you a holistic picture of the current market trends operating in the cryptocurrency world, we, at AMBCrypto, are working incessantly to provide you with sentiments from around the world. This is done by interviewing a group of investors, miners, analysts, skeptics and influencers and including their valuable comments in this segment called sentiment analysis. This analysis focuses on the 5th most popular coin in the world and that is Litecoin [LTC].

Litecoin [LTC]

Litecoin is definitely a coin with potential and in the future, we can expect it to emerge as a winner. At 12:15 PM UTC, Litecoin’s price was at $131.07 with a market capital of $7.348 billion. The coin has had a gain of 8.40% in the last 24 hours. The coin crossed the $130 mark and it appears to have stabilized. The coin was previously trading in the $120s and there was a sudden increase from $127 to $131. A break above the $135 mark will signal an uptrend. However, the resistance which was formed at $130 is broken and the buyers have to take it up further. The coin jumped 9.83% on Thursday to end the day at $129.53 which is the highest close since 4th April’s $134.01.

Benjamin Sanchez, a Litecoin enthusiast from Salo says:

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“The major resistance at $130 has now been broken and it may lead to an upward momentum. The price is now testing the $135 level and if it is broken, we can expect a bull run for the coin. The coin broke above the mid-term downside trendline from the end of February which may signal that the coin has bottomed out.”

Judy Anderson, a Litecoin investor from Leeds says:

“People may have sold LTC to catch up some of the pump in other coins as LTC did not go up like the other coins. This, in my opinion is a bad decision to make. The future looks green for LTC as the coin has a target of $159.58 which is expected to be attained in the next two to three days.”

Thomas James, a financial advisor from Madison says:

“I looked at the charts and LTC is up for a recovery. It has regained its 5th spot in the rankings and it is doing well. It is truly marvellous that a coin without a mainnet is worth over $7 billion. LTC is the next cryptocurrency to fly. Don’t worry LTC holders, the rocket is just fuelling up.”

To conclude, 71% of Litecoin respondents are bullish and they expect the prices to go up even further. They feel that LTC is going to have a major bullish breakout in the next few days. However, a minor 29% feel bearish and say that it is better to invest in Bitcoin than in LTC as BTC price will rise while LTC’s will not.



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Vinod KA is an intern at AMBCrypto who has been analyzing the cryptocurrency market trends for several months now. He joined the company out of sheer interest in the cryptocurrency world and is fascinated by its dominance in the financial world. He does not hold value in any cryptocurrencies as of now.

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Bitfinex partners with EOSIO as a Blockchain Producer

Sthuthie Murthy

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Bitfinex partners with EOSIO as a Blockchain Producer
Source: Pixabay

Bitfinex, headquartered in Hong Kong is the largest Bitcoin trading platform with over 10% of the exchanges’ trading. They offer state-of-the-art services for digital assets and liquidity providers. While their search for advanced technologies with the capacity to meet high-demands of a high-volume blockchain both legally and technically was in process, they came across EOSIO community to which they believe they can contribute significantly.

Latest tweet by Bitfinex:

“Bitfinex is pleased to present itself as an EOS Block Producer candidate.”

Bitfinex will act as an incubator to fund, nurture and advise teams that are serious about the future of EOS. Their team is an assortment of more than 100 experts from the industry including a highly versatile development team, legal experts, technical support agents, and industry advocates.

They claimed:

“Our team has gained invaluable industry experience along the way, and we aim to make use of this to enrich the teams around us — sharing information and providing guidance whenever possible.”

Being a block producer candidate, they pledge to grow the open-source nature of the decentralized digital asset space. This is done through intense research, collaborations, and community development. They aim to combine the potential of EOSIO with their own terms of research, development, and adoption at a much higher level.

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A high-performance decentralized exchange platform, EOSfinex also aims to combine the scalability and potential of EOSIO. It is built on EOSIO technology, along with the financial/development expertise of the Bitfinex development team. EOSfinex looks forward to delivering a highly-scalable, on-chain trading platform.

They added:

“EOSfinex has been developed by considering speed, transparency and scalability and will be the first trust less exchange to be implemented on EOSIO-based networks.”

Apart from the development of a trustless exchange, EOSfinex will be leading the development of a secure and intuitive EOS wallet as well. The partnership is meant to leverage EOSIO’s platform for horizontal scaling of DApps. As their continuous search led them to the EOSIO platform, they aim to process tens of thousands of transactions per second with the lowest fees.

Judy Steven, a Bitfinex user says:

“This is exciting. I’m interested in learning more about this “intuitive wallet” you are developing.”

Ariana Paul, a speculator says:

“Congrats Bitfinex! Looking forward to seeing what great accomplishments Bitfinex will bring to the EOS ecosystem. I can see a three-digit price for EOS soon.”

Lessie Grundon, a market observer said:

“Honestly, I don’t think this is good. To me decentralisation is all about random people having a right to produce blocks and vote the way ahead.”

EOS has been one of the top gainers in the market that has turned bearish recently displaying significant volume gains up to 52% and currently trading at $13.19. The market cap has also noticeably gained and is worth $10 billion roughly as seen at press time.

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Jed McCaleb talks about the foundation of Stellar Lumens [XLM]

Ketaki Dixit

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Jed McCaleb talks about the foundation of Stellar
Source: PxHere

The BayPay Thought Leadership event was held on 19th April, where Jed McCaleb, the Co-Founder, and CTO of Stellar Development Foundation spoke about the past, present, and future of Stellar.

He started by explaining how the transactions on Stellar work and about how they get banks on board. He says that banks are not the first ones to take up this system of transaction. However, smaller financial institutions like money transfer operators that focus on payments will be more open to adopting this method of sending money.

He said:

“We are working with a few banks and none of them are in production. I don’t think of the banks using cryptocurrency are in production… I don’t think they’re going to do anything until they see a lot of money flowing somewhere else in the ecosystem first because they are the most risk-averse, they have the most to lose essentially.. we spend most of our time outside the US – mainly focus in South Asia, Africa.”

He further explains that there is a lot of friction in places where people do not have bank accounts, wherein the adoption of the Stellar network makes it easier for them to adopt the system.

When asked about how much responsibility they have as a network to allow ICOs to function, Jed talks about the company being unable to stop anyone from issuing a token on the network but they wouldn’t be involved in the same. However, he says “Our responsibility falls on the ones that we do work with.. we want to make sure there is reputable and valuable projects”.

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He also says that people need to be careful while investing in ICOs as these are the early days in the space, due to which there are a lot of scams and fraudulent activities.

A crypto enthusiast commented:

“This was a great discussion. I loved how Jed did a great job answering the questions even though they were irrelevant. I think it could have been more detailed about the backstory of Stellar and the challenges the faced instead of talking about Jed’s life history. Im sure the audience wanted to know more than just unnecessary things.”

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