Trade LTC/EUR

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Thinking of trading LTC/EUR?

    1. Both Day traders and long term investors seem to find this crypto-fiat pair a very interesting and profitable one to trade. This would be due to its volatility but also its long term potential technological implementations. The overall prediction for the future of the cryptocurrency market is to continue its growth and value, which should give the push you need to get involved in the market. 2. Litecoin would find a direct correlation to the price of Bitcoin. As the market expands and more government legitimise it Litecoin will increase in popularity and it's value with sore.
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The EUR, regardless of it being a relatively new currency has come a long way, it was introduced at the end of the 20th century and it is currently on of the top 5 most traded currencies. It is normally affected by monetary policies of the ECB (European Central Bank). If the euro zone economic performance was to strengthen dramatically, the ECB would raise rates, in order to control inflation. On the Crypto side of the pair, LTC was created in 2011 by Charlie Lee, ex-employee of Google, It's capitalisation is of $7B putting it in the top 5 biggest cryptos, top 1 would belong to BTC, with a market cap of $137.5B). Litecoin has also a cap on the amount of coins that can be mined, this number being 84M, there are currently $62M LTC in circulation. Litecoin was originally created as a complementing crypto to Bitcoin rather than as a competitor. It is considered to be competing against Ether for the title of "the silver to Bitcoin's Gold". Litecoin's highest price was back in December 2017, when it traded at $302. 04, it the latest lowest point was $25.09 a year later, in December 2018.In 2013, Litecoin surged 100% in over 24 hours. In November of that year it reached a market capitalisation of $1B. Charlie Lee has, to date, sold almost all of his Litecoin holdings due to a perceived conflict of interest.

1. Regulatory decisions are different in both continents. The European Union seems to take things slower and bases their crypto policy on figuring out how to approach this new phenomenon, whilst the US is more hands on on the issues. The year 2018 saw 18 digital token-related actions from the SEC and in 2019 we are likely to see many additional decisions, contrarily, the EU seems to be approaching the case on an individual basis, where every country is trying to draft their own regulations and rules. The inability of the EU to approach the crypto market as a whole, might constrain tokens issued in Europe, as network effects rely on a broad market, and are a fundamental part of token valuation. 2. Also, even if economical and political events in the Euro-zone will not push the pair as strongly as changes in the crypto world would, traders cannot forget the situation the EU is regarding certain countries such as the United Kingdom. Instability in the EUR will push the pair up and its bullish trend will intensify due to crypto users to turn to LTC as a safe-haven.

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