Litecoin (LTC-USD) price predictions are a hot topic today as crypto investors wonder where LTC is heading as altcoins suffer on Friday.

Its not just altcoins that are having a rough time of it today. The entire crypto market is dealing with a slump. Leading that is Bitcoin (BTC-USD) and Ethereum (ETH-USD) dropping today. The two major cryptos taking a beating often result in other cryptos falling as well.

All of this comes during a hectic year for cryptocurrency. A major crash earlier this year sent the prices of cryptos plummeting and they havent fully recovered just yet. Now, some are starting to wonder if they ever will with the continued volatility in the space.

Keeping all of that in mind, lets take a look at what experts are expecting from Litecoin over the next year!

Considering that LTC is trading for about $62.38 as of this writing, those price predictions arent looking bad for Litecoin. However, none of them expect to to come close to its all-time high of $377 per token reached roughly a year ago.

LTC is down 3.5% over the prior 24-hour period as of Friday afternoon.

Crypto traders looking for more of the latest news are going to want to stick around!

Weve got all the hottest crypto news that traders will want to read about for Friday! A few examples include STEPN(GMT-USD) price predictions, an ETH update, and the latest on stablecoins. You can read up on all of this at the following links!

On the date of publication, William Whitedid not have (either directly or indirectly) any positions in the securities mentioned in this article.The opinions expressed in this article are those of the writer, subject to the InvestorPlace.comPublishing Guidelines.

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Litecoin Price Predictions: Where Will the LTC Crypto Go Amid Altcoin Pain? - InvestorPlace

Kyuubi Token has now been around for a while and has been making waves in the crypto space. This has not stopped the development that has been going on with the project though. With its latest invention, Kyuubi Token is now the first and only altcoin to possess a 3-1 contract.

What this means is that Kyuubi Token will not need to move or migrate in order to add more utility to its contract. It can simply do so by adding the utility, no matter what it is; be it a gamification utility, etc, directly into the contract. The 3-1 mechanism makes it so that the contract cannot be forked or duplicated.

The project which now exists on both the Binance Smart Chain and the Ethereum network is making headway in its nine-pronged utility roadmap, just like the mythical Kyuubi, it is named after. Its contract makes it one of the most effectively scalable projects with agility and flexibility at the forefront of development. So far, two out of the nine have been announced and implemented, meaning that there is lots more to come from the Kyuubi Token team.

Kyuubi Token is not just a cryptocurrency project. It expands well beyond the walls of the crypto market. Its massive community has continued to grow and as such Kyuubi Token has made various moves to interact with its community on a more personal level. This has given birth to a merchandise collection that is being released soon and an NFT collection for the Kyuubi Token community.

The merch store is already in its final stage of development and its launch is scheduled to happen soon. As for the NFT collection, it will launch at a later date. However, it is expected to be one of the largest NFT launches. The artist working on the collection has worked for entertainment media giants such as Disney and is bringing all of their years of experience into the Kyuubi NFT launch.

Kyuubi continues to explore the entertainment industry, the intersection of intellectual property and the metaverse. This is at the core of its mission statement and is why it continues to explore various forms of art and entertainment.

We will always operate to further the ideal of positive community, always emboldened, while delivering economical and technologically or socially meaningful utilities that provide on-chain/off-chain utility for investors, to further grow our community perpetually, the website reads.

About Kyuubi Token

Kyuubi Token is a meme-based token that gets its name from the Kyuubi which features heavily in Eastern Asian mythology. The nine-tailed fox symbolizes adaptability, gaily, and the ability to grow wise. These are attributes that the Kyuubi Token embodies and have translated into the utilities for the token. It is a community-driven cryptocurrency that is operable on both the Ethereum and Binance Smart Chain and plans to integrate even more chains in its quest to become the largest cross-chain utility meme token.

Besides being a working token on the Binance and Ethereum networks, Kyuubi Token has also partnered with Flooz to make the token more publicly accessible. Its 3-1 contract mechanism provides it the ability to be adaptable in perpetuity. The team is KYCd, audited, and certified safe by security firm, Certik.

To learn more, visit https://www.kyuubitoken.com/

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Kyuubi Token Announces First Of Its Kind 3-1 Altcoin Contract | Bitcoinist.com - Bitcoinist

A closely tracked trader is naming one altcoin that he says can come out as the big winner following the crumbling of Terra (LUNA) and its algorithmic stablecoin TerraUSD (UST).

Pseudonymous trader Light tells his 160,600 Twitter followers that Tron (TRX) and its algorithmic stablecoin Decentralized USD (USDD) are poised to fill the vacuum left by Terras demise.

TRX has displayed enormous relative strength, again at its March highs in an environment where 99% of alts are down 50% or more, driven by Trons recent foray into the algorithmic stable space and a 30% yield on USDD. In bear markets, winners win.

Tron, a cryptocurrency originally designed to serve as a decentralized storage and distribution platform for social media and digital entertainment content, has recently made a pivot to mirror the affiliation between LUNA and UST prior to their collapse.

Says Tron founder Justin Sun,

USDD will be pegged to the underlying asset, TRX, and issued in a decentralized manner. When USDDs price is lower than one US dollar, users and arbitrageurs can send one USDD to the system and receive one US dollar worth of TRX.

When USDDs price is higher than one US dollar, users and arbitrageurs can send one US dollar worth of TRX to the decentralized system and receive one USDD. Regardless of market volatility, the USDD protocol will keep USDD stable at 1:1 against the US dollar via proper algorithms in a decentralized manner.

Light says the current state of TRX and USDD presents opportunities to traders and investors considering that the algorithmic stablecoin has a market cap of just $534 million.

[TRX plus USDD] is in its fairly early stages, with only insiders in. There is room for latecomers and eventually even retail to enter before it carries the same risks as LUNA. Timing is everything in musical chairs. USDD market cap is at only 2.5% of USTs peak.

The crypto trader also mentions a tweet from Justin Sun, where the Tron founder says that USDD has a backstop of $10 billion sitting at the Tron DAO Reserve.

According to Light, traders have now begun the process of sending their TRX to the system to mint USDD.

After the market-wide capitulation, USDD minting restarted this weekend, catalyzing a sharp decline in centralized exchange balances of TRX as it is withdrawn to mint USDD.

The popular trader concludes by saying that TRX has a history of outperforming other crypto assets during bear markets.

Tron has a history of pumping during periods of poor market conditions, where a few names soak up the lions share of speculative flows. The risk/reward of betting on a resurgent Justin Sun, who has seen opportunity in the vacuum left by Do Kwon, is set favorably.

At time of writing, Tron is trading at $0.08, up over 14% from its seven-day low of $0.07.

Featured Image: Shutterstock/Natalia Siiatovskaia/Art Furnace

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Top Trader Says One Under-the-Radar Altcoin Set To Emerge As Winner of Terra (LUNA) Collapse - The Daily Hodl

A widely followed crypto strategist and trader is eyeing possible rallies for a trio of altcoins including Polygon (MATIC) and Zilliqa (ZIL).

Crypto strategist Michal van de Poppe tells his 602,900 Twitter followers that blockchain scaling solution Polygon is in a position for a breakout as long as it stays above its immediate support area.

This one Im looking to see support sustain around $0.59. If it cracks the $0.70 barrier, gates are open for a move. Great fundamental news, so would be watching this one for movements. If $0.59 lost -> $0.45 a target long area.

At time of writing, MATIC is changing hands for $0.64.

Next up is Zilliqa, a blockchain designed for enterprise solutions. According to Van de Poppe, ZIL is showing signs of strength as it trades within a narrow range.

Good build-up here and consistent range. Looking to see whether $0.05 sustains support. If so, Im expecting a run towards $0.062-$0.067 as possible.

ZIL is trading for $0.051 at time of writing, up nearly 3% in the last 24 hours.

The last coin on the traders radar is XCAD, the native utility token of non-fungible token marketplace XAcademy Network. Van de Poppe says that XCAD looks bullish, and hes waiting for a pullback before placing long positions.

This one is showing strength, and Im expecting this one to continue doing well with all the updates coming up. Definitely on my watch. Further, I wont be chasing a long here. Would be seeking around the $2.50 area.

XCAD is currently valued at $3.88, up over 27% in the past day.

Featured Image: Shutterstock/Liu zishan/Voar CC

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Crypto Analyst Predicts Breakout for Polygon (MATIC), Says Zilliqa (ZIL) and One Low-Cap Altcoin Flashing S... - The Daily Hodl

The crypto space and DLTs use cases continue to expand every day with the technology setting foot in the corporate world, entertainment as well as food industry.

Now it is venturing into the healthcare industry with Polygon supporting the launch of LifChain.

Set to be the first-of-its-kind commercial platform for fully tokenizing healthcare services, LifeChain has been developed by MSPRecovery, a $32.6 billion company in association with Tokenology.

With LifeChain, the company intends to create a tokenized platform that will help eliminate fraud, inefficiency in payments, and antiquated processes and benefit the patients, medical care providers as well as insurers.

The partnership intends to achieve 50 million daily tokenizations within the next two years.

The reason why Polygon was chosen for this is its carbon-neutral network and the low transaction fee that comes with it.

This partnership presents a turning point for Polygon, which has been suffocating under the bears claws for months now. But since the announcement, MATIC has witnessed the first real sign of positive momentum in the market.

MACD noted a bullish crossover for the first time since 5 April, while the Squeeze momentum indicator is observing a decline in the bearishness while MATIC continues to be in a state of squeeze release.

However, so, recovery is slow, with MATIC rising by just 5.37% in 24 hours. This is ideal neither for the token nor for the investors who have been waiting for recovery since December 2021.

Grasping at straws, the investors have seen only specks of profits in the 30 days, whereas on multiple occasions, up to 67.48 million, MATIC, worth over $45.14 million, was subjected to losses on the chain.

In return, the investors have begun slowly backing away from the network. Polygons adoption has declined by 73.8% in the span of 5 months since 2022 began, with only a spike noted around 13 May, which was also born out of the bearishness surrounding the crash.

At the moment, Polygon can only benefit from ecosystem development such as LifeChain since the broader markets bearishness might not subside for a while.

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Can Polygon's [MATIC] healthcare efforts breathe life into the altcoin as well - AMBCrypto News