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Flare Finance Redefining DeFi Ecosystem with Smart Contracts for XRP and LTC

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Flare Network is creating a new benchmark in the cryptocurrency industry with its state-of-the-art solutions.  Upon its launch around the second quarter of 2021, Flare network would provide integration for Litecoin, XRP, and Dogecoin which would allow the tokens to operate trustlessly on the network with smart contracts. Harnessing the revolutionary Flare Networks is Flare Finance which will bring smart contracts on XRP, LTC, and Dogecoin enabling utility and ownership to the users within the decentralized finance ecosystem. 

Flare Finance is an entirely separate entity and does not come under Flare Network or Ripple Inc. It is an independent protocol operating on the Flare Network enhancing the capabilities of the XRP and LTC tokens within the Flare ecosystem. The highly sophisticated and robust system leverages the immense capabilities of the decentralized finance ecosystem through its financial products.

The products are designed by highly efficient and dexterous experts who understand the intricacies of the financial and blockchain space. Through these products, the XRP, LTC, and FLR token holders would be able to leverage their holdings without any third-party intermediary. Flare Networks boasts of immensely robust smart contracts, which Flare Finance utilizes to offer profitable spot trading and P2P margin trading with non-custodial liquidity pools and decentralized insurance coverages.

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The protocol captures the power of Flare Network and accentuates it to deliver higher benefits to the customers. Through the use of smart contracts developed on the Flare Network, Flare finance is building a highly capable trustless financial ecosystem that uses XRP, LTC, and Dogecoin.

Products

With its suite of highly intuitive, market-leading, and futuristic products, the Flare Finance team is striving to offer a comprehensive and all-round banking utility to its customers.

  •         FlareX is a fast, intuitive, and efficient spot and margin trading platform that deciphers trading intricacies and allows traders to benefit in a hassle-free manner.
  •         Flare Farm is another robust yield farming and governance platform where the yield farmers can benefit.
  •         Flare Loans allows the users to attain collateralized loans in the decentralized finance space in a secure way.
  •         Flare Mutual can be utilized by the customers to invest in risk-based mutual funds to benefit from their assets.
  •         Flare USD is a solution that offers the distribution of stable coins pegged on the US dollar.

Tokens

FLR and Trustless XRP tokens would be utilized in the Flare Finance products, while their native tokens would be used within the protocol for rewards and fees.

  •         YieldFlare: Native token for staking and trade. The token would be used on the FlareX platform for an exchange fee and used for trading and during token swaps.
  •         YFIN: It is a low supply token for Yield farming and governance and can be mined using the YieldFlare token and other cryptos. It also acts as a governed token within the Flare Finance system.

Reward Program

The Flare Finance team is continually striving to ensure that its products are a class apart and offer maximum utility and efficiency to the users. While the adept development and testing team leaves no stone unturned in fine tuning the finalized products, it intends to go an extra mile in ensuring quality. Thus, Flare Finance launched a reward program which sought applications from volunteers to test its various decentralized finance products. At least 200 users are required to participate in the reward program.

Summing Up

The Flare Finance Protocol would launch on the Flare network and provide the most agile and resourceful decentralized platform to the LTC, XRP, Dogecoin, and FLARE token holders. Flare Finance would ensure maximum utility to the token holders and developers with its efficiently designed framework and transparent system. The integration of XRP and LTC would bestow more efficiency to the LTC and XRP tokens by increasing composability and making them more interoperable. You can follow Flare Finance on social mediafor regular updates.

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Litecoin

Litecoin Forecast and Analysis October 25 — 29, 2021

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Litecoin LTC/USD ends the trading week at 198.73 and continues to move within the growth and bullish channel, but now there is a rebound after updating the local maximum. Moving averages indicate a bullish trend. Prices broke through the area between the signal lines upwards. This indicates pressure from buyers of the digital asset and a potential continuation of the decline in the Litecoin rate in the current trading week. At the moment, we should expect an attempt to develop a price decline and a test of the support area near the level of 145.05. Where can we expect a rebound again and an attempt to raise the value of Litecoin with a potential target above the level of 305.05.

Litecoin Forecast and Analysis October 25 — 29, 2021

An additional signal in favor of raising the LTC/USD quotes in the current trading week October 25 — 29, 2021 will be a test of the support line on the relative strength index (RSI). Now the values ​​of the RSI indicator have risen to the level of 70, therefore, there may be a fall before the continuation of the growth of the coin quotes. The second signal will be a rebound from the lower border of the bullish channel. Cancellation of the growth option for the Litecoin digital asset will be a fall in price and a breakdown of the 95.05 area. This will indicate a breakdown of support and a continued fall in the LTC/USD rate below the level of 45.05. Confirmation of the rise in the cryptocurrency will be the breakdown of the resistance area and the closing of quotations above the level of 255.05.

Litecoin Forecast and Analysis October 25 — 29, 2021

Litecoin Forecast and Analysis October 25 — 29, 2021 implies an attempt to test the support area near the level of 145.05. Then, continued growth to the area above the level of 305.05. An additional signal in favor of Litecoin’s rise will be a test of the trend line on the relative strength index (RSI). Cancellation of the growth option will be a fall and a breakdown of the 95.05 area. This will indicate a continued decline in cryptocurrency with a target below 45.05.

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Litecoin Forecast and LTC/USD Analysis October 22, 2021

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LTC/USD are traded at the level of 204.04 and continue to move as part of the rise and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $13,333,492,930. Moving averages indicate a short-term bullish trend for Litecoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decrease in the value of a digital asset and a test of the support level near the area of ​​190.55. Where can we expect a rebound again and a continuation of the rise in the Litecoin rate with a potential target above the level of 245.55.

Litecoin Forecast and LTC/USD Analysis October 22, 2021

An additional signal in favor of the growth of LTC/USD quotes will be a test of the bullish trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the option to raise the coin will be a fall in the value of the asset and a breakdown of the area of ​​170.55. This will indicate a breakdown of the support area and a continued fall in the cryptocurrency rate with a potential target below 135.55. With the breakdown of the resistance area and closing of quotations above the level of 220.05, we should expect confirmation of the development of a bullish trend in Litecoin, which will indicate a breakdown of the upper border of the downward channel.

Litecoin Forecast and LTC/USD Analysis October 22, 2021

Litecoin Forecast and LTC/USD Analysis October 22, 2021 suggests an attempt to correct and test the support area near the level of 190.55. Where can we expect a rebound and a continued rise in the LTC/USD price to the area above the level of 245.55. An additional signal in favor of Litecoin’s growth will be a test of the trend line on the relative strength index (RSI). Cancellation of the upside option will be a fall and a breakdown of the 170.55 area. This will indicate a continued fall in the cryptocurrency with a target below 135.55.

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Litecoin

Litecoin Forecast and LTC/USD Analysis October 21, 2021

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LTC/USD are trading at 198.05 and continue to move as part of the rise and the bullish channel. The capitalization of the Litecoin cryptocurrency at the time of the publication of the forecast is $14,182,763,662. Moving averages indicate a short-term bullish trend for Litecoin. Prices are again testing the area between the signal lines, which indicates pressure from buyers of the asset and a potential continuation of growth from the current levels. At the moment, we should expect an attempt to develop a decrease in the value of a digital asset and a test of the support level near the area of ​​190.05. Where can we expect a rebound again and a continuation of the rise in the Litecoin rate with a potential target above the level of 255.05.

Litecoin Forecast and LTC/USD Analysis October 21, 2021

An additional signal in favor of the growth of LTC/USD quotes will be a test of the bullish trend line on the relative strength index (RSI). The second signal will be a rebound from the lower border of the ascending channel. Cancellation of the option to raise the coin will be a fall in the value of the asset and a breakdown of the area of ​​165.05. This will indicate a breakdown of the support area and a continued fall in the cryptocurrency rate with a potential target below the level of 125.05. With the breakdown of the resistance area and closing of quotations above the level of 220.05, we should expect confirmation of the development of a bullish trend in Litecoin, which will indicate a breakdown of the upper border of the downward channel.

Litecoin Forecast and LTC/USD Analysis October 21, 2021

Litecoin Forecast and LTC/USD Analysis October 21, 2021 suggests an attempt to correct and test the support area near the level of 190.05. Where can we expect a rebound and a continued rise in the LTC/USD price to the area above the level of 255.05. An additional signal in favor of Litecoin’s growth will be a test of the trend line on the relative strength index (RSI). Cancellation of the upside option will be a fall and a breakdown of the 165.05 area. This will indicate a continued fall in the cryptocurrency with a target below the level of 125.05.

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