You'll be able to stitch in the ditch no matter how you choose to bind it. You'll have no problems there at all.
To attach loops for hanging, I would probably bind it using a variation of the self binding method. You'll do this after you've quilted, using a normal sandwich. First, you trim the backing and batting to match the quilt top. Next, trim the batting only to about half of the width of your top and bottom. Fold the bottom so that it covers the batting and pin in place. Fold the top piece in half (wrong sides together) so that it lays on top of the bottom piece and the edge aligns with the bottom piece and re-pin to hold everything together. Stitch 1/4 inch from the edge, and again 1/4 in from the first sewing line.
To attach loops at the top, fold your fabric in half and pin them in place between the folded fabrics. They'll be stitched nicely in place when you sew the edges together. (Considering the width, I think you'll want at least three loops so the center doesn't sag.)
has a couple of pictures to show you what I mean, if it's not clear. (I'm bad at providing directions!)