Bitcoin Forum

Litecoin is often associated as "digital silver" or "Blockchain silver" while Bitcoin is "digital gold" or "Blockchain gold". Will Litecoin remain legitimate to be "Blockchain silver" or would you say "Blockchain silver" is not really a norm of scarcity like real silver?
Can Litecoin still make appropriate gains?

For me, Litecoin will stay the way Bitcoin do.
As we all know that Litecoin is forked from Bitcoin, that's why I can say Litecoin is bestfriend of Bitcoin, these two great coin are also for payment, which I can that Litecoin is great alternative for Bitcoin if you want more cheap transaction fees and fast transaction confirmation if Bitcoin network is clogged.
Silver version is Litecoin, gold is the Bitcoin.
Speaking of appropriate gains, I remember before I saw a thread that talking about buying of Litecoin instead of Bitcoin since Bitcoin is already expensive, and if you check the all-time-high price of Litecoin, still more than 50% more to go before the ATH will reach, so gains still lot of room.

Honestly, there's no something special from litecoin beside it was being used as an experimental coin for bitcoin. I personally will not even call it as a blockchain silver.
It's only offering the things that already offered by so many new platforms. The new platforms can do even better than litecoin.
The litecoin is also only following bitcoin to get FOMO. I'm not a hater but I just speak this based on the usability of coin.

I agree, it makes totally sense. Litecoin is very famous for cheap fees because Litecoin network isn't overloaded like Bitcoin.
Maybe it can make gains, when institutional investors start liking it.

Yes, compared to top Altcoins like Ethereum, Binance, Avalanche or Chainlink, Litecoin isn't innovative but does it need to be innovative? In Litecoins position it seems to be working right now very fine?

If a company that creates a blockchain won't have serious conflict with SEC (if it is based on the USA.) or other governments, it won't be shutdown by them.
If a blockchain project is actively developed by their team and get good adoption, good supports from communities, it will survive.

Litecoin has those characteristics so far I don't see accusation on them about it, so it do survive well in crypto.

If you know about Dogecoin, that is very inactive coin in development activities but it has big adoption so it is one of the most favorite altcoins. Please don't compare Litecoin with Dogecoin. Litecoin is better than Dogecoin.

It's the Litecoin/silver comparison that concerns me most about the future price of Bitcoin.

The people who are buying Bitcoin right now out of FOMO will eventually catch on that Litecoin is more or less diluted Bitcoin. It pulls the rug from under the scarcity argument for Bitcoin.

And although there is a lot of speculative value in the price of gold and silver, they do have difference uses in their physical form which will always drive and differentiate their value to an extent.

Litecoin is most definitely not silver to Bitcoin in this regard, and Bitcoin holders need to be very wary of this.

The only advantage in litecoins is the low fees, which are no longer considered a preferential feature because we may see Bitcoin transactions at a cheaper rate or altcoins with lower fees.

The other advantage is the limited number of currencies, which will lead to an increase in the price if the demand for litecoin continues, which I do not expect to happen in the long term.

Litecoin is better than many unknown tokens but ETH is the silver  8)

And don't forget.

Everyone hated LITECOIN because the founder dumped all his coin into the market, just like @hugeblack used LITECOIN for another method transaction to get a cheap TX but right now we already have a hundred altcoin who offering more cheper for the transcation.

One of the example TRX only required 1 TRX to send the TX and some wallets or platform was also not takes any fee at all by on TRX,

I think litecoin is still a viable investment and can make a nice price jump in the near future. I have been holding litecoin since my big gambling days a few years back. And I don't see any need to sell them. Better to just hold them and wait for a nice payday.

Litecoin is one of the good old coins which has tried its best to retain its value till date and this value is highly associated with its potentials, that is, what Litecoin offers is really needed in the crypto space. Also, because of what it offers I believe it is good regarding it as Blockchain silver. In addition, the crypto space has grown so much and many projects out there are seriously working hard to compete with most of these top altcoins such as in the case of Polkadot, thus owing to the fact the future can't be predicted we can only but wait and see, if there is any project capable of beating Litecoin in all ramifications. Lastly, talking about gains, I believe Litecoin has been growing in price alongside the market, therefore as the market remains favourable, it will continue to appreciate more gains.

Litecoin has never impressed me.
I guess that I may offend some here and there, but I think that for some years the silver goes to Ethereum instead of Litecoin, in terms of acceptance and also usability.
And I am saying this although I am not into Ethereum either and I had my share of struggle with its fees and gas logic too because of some tokens...

I will speak from my own experience when I do day trade:

I use Litecoin for two things:

1 - To make transfers due to the low rate and speed

2 - to trade

ETH and other altcoins have the particularity that in just a short time they fall a lot or rise very quickly and for this reason I prefer to use LTC or BTC to trade.

But LTC is not silver, in fact not even bitcoin can be compared to Gold. cryptocurrencies are something totally different from metals ... cryptocurrencies are very volatile

It will remain at the shadow on bitcoin to be honest, it's the guinea pig as others have said. What's important though is that it didn't die but have the support of the community. I think it has been declared dead many times as well, similar to bitcoin, nevertheless it still survived and remain like this. Yes Litecoin can make appropriate gains just like what we have seen in this bull run.

Litecoin is the next big coin after etheruem IMO. Whether it will make appropriate gains is already known and seen in the recent bull. In comparing the next coin that has similar features with bitcoin, litecoin takes the place and that is why it may be called the silver. Litecoin fees are relatively lower than bitcoin in all time because it stays lower even when bitcoin volatility fluctuates the fees.

Litecoin has a price below the expectations of many crypto lovers. There are currently more preferred altcoins than Litecoin.
But no matter what, Litecoin is always reliable. Litecoin is always an investmentable and important coin for me.

I think the silver and gold comparison for litecoin and bitcoin respectively is just to push certain narratives; it is not news that litecoin is usually compared to bitcoin in terms of its transaction per seconds and scalability too. But that does not make litecoin a silver because you cannot replace a silver with litecoin; neither can you replace a gold with bitcoin; it is just use to evaluate and highlight both bitcoin and litecoin importance to the blockchain.

Silver will always be a smaller cousin to gold. More affordable, more in supply, and still valuable every bit as gold in terms of utility and value. So yes,,, Litecoin will make the appropriate gains as it has already been doing in recent times. Just need to be patient for a recovery to old ATH.

Last fall, Litecoin launched the anonymous MimbleWimble protocol on the test network. This may mean that Litecoin plans to become an anonymous coin. And if this is implemented, it can lead to delisting from various exchanges, as we have seen previously with Monero, Cash and Dash coins.

Litecoin's only value proposition is that it is faster and cheaper to transact than Bitcoin. But Lightning Network has instant and free transactions, so what's the point of having Litecoin or any other similar coin? As you can see, Litecoin still didn't break past its ATH established in 2017. If it was "digital silver", it would go hand in hand with "digital gold".

to me litcoin is a good coin, while it is a great alternative if i want cheaper and faster transactions. Even though LTC don't have a new ATH yet, Litcoin has increased its price from before. I assume LTC will go up and reach its ATH maybe mid 2021  i hope

LTC transactions are pretty cheap and there are a lot of places that accept it. So, at least it has use cases

Bitcoin = gold

Ethereum = silver

the others are all shitcoins .

Bitcoin, as a coin, is the foundation. Any coin can grow on this platform. Litecoin will also grow, I think there will be a lot of growth, since Bitcoin has limited growth, and Litecoin has everything ahead. !!!!!

I am skeptical.

It is pretty much consensus that ETH is the most dominant alt after BTC. With a robust development team and much more adoption at this stage, it is hard for LTC to play catch up.

I'm not saying that it is impossible, but in the current era where smart contracts are a must for any aspiring altcoin, LTC just feels archaic and outdated. Unless major development comes through, I think that its market cap and adoption will continue to slide, unfortunately.

Litecoin has been able to maintain its market and supporters which is great, the team and owner is active and want to flourish in the crypto sector so im positive that ltc will grow well in future and good things will be coming soon especially lightning network and smart contracts etc in future.

It does and why not? It's fine with the current condition of litecoin but again litecoin is totally pegged with bitcoin.
Did you see the problem that faced by litecoin in the past?

litecoin would not able to develop another innovation due to lack of operation funds, charlie lie was saying about this too.

That's why litecoin needs to come with an innovation that can give profit.

I think Litecoin is not getting enough attention. Coin has been on the crypto market for a very long time. The emission is almost twice as low as that of ether. All services that work with cryptocurrencies support Litecoin. A huge plus is low commissions. But we can only see the growth of the coin thanks to the growth of Bitcoin.

Litecoin have benefit as old coin, its listed on many exchange. But for long term investment, its not like silver and gold. It dont have any plus value or use case for Litecoin at this time. I think Digital Silver should be predicate for Ethereum at this time  ;)

But Ethereum has much more to offer like ICOs and DeFi.

It is easy to compare BTC (Gold) and Litecoin (Silver) here, because Bitcoin and Litecoin are usual payment coins and also a store of value. In addition, Ethereum has infinite supply, it's not really a store of value.

Because it has no limit, bro.
Bitcoin has limit of 21 Million coins. We all know and 21 Million coins brings BTC very high value.

You can also read here: https://www.reddit.com/r/ethereum/comments/3fh2cx/if_ether_is_infinite_doesnt_that_limit_its_worth/
Ethereum has no limit of coins, bro

Litecoin is a good investment especially for long term. It is well-established and existing for years already, a good alternative over bitcoin with lower transaction fees.

Though there are other altcoins who already have the same benefits and efficiency like ltc. I still believe that it is one of alts that cant lose its value when bearish market occur and will remain the blockchain silver of crypto.

Litecoin is still one of the main competitors of bitcoin thus if you want to know more then conduct your own research.