Bitcoin Forum

I am going to invest in litecoin for a long-term hold. What would be right to invest in litecoin at the present time? What do you think?

The right decision is to look at the whole chart of it from the past up to the present. And with that visibility, you can have an idea if it's a good time to buy right now or you just have to choose another crypto for you to invest.

Litecoin is considered by many as a good altcoin too so there's no worry about it if you want to hold it long term. But it is not enough and you have to analyze it on your own base on the chart and as well as the news/updates about it.

Litecoin is a fork of Bitcoin that stands out by its speed and cheapness. It is developing all the time:Devs constantly add features and functions. Moreover, Litecoin is on the 16th place on coinmarketcap table, so I will definitely hold it for long. In terms of its decreasing I just think that all tokens are under a cloud now, because it a hype in other spheres, for example, in NFT, so we just should wait. But I don't think that you should invest right now. Wait when it falls completely and rebound a bit.

Yeah, it will be good investment go for it

I'm a sucker for ETH and LTC. Those are my attached altcoins in my portfolio. I already profited from them and I plan to acquire more when I got some funds.
I also reserved a slot for Stakenet's XSN in my bag. A very promising low cap coin that has huge potential to burst. You might want to check this one out too.

You should always use the dip as the right time to enter in the market but when you wanna try to enter into the litecoin and you must know what condition that faced by the market. Just get various entry level. You must spread your money into the various rate when the market was dipping to avoid if the price may go down even deeper than before.

In my opinion if this time should become the correct time to take your position but you must remember if the dump can go even more than this time and you must create a prevention act for that. The price of litcoin was so cheap right now but bitcoin was making it is very risky at this moment to be used as investment.

As long as you're determined and have your reasons for buying LTC over other top 10 alts there's no issue - everyone has their own reasons and goals.

The next thing to think about is the entry points as discussed above. You want to benefit from the dumps and end up with an average entry price so you'd need to keep a close eye on the market to find those entry points. I'd say today is particularly a good time to buy ;)

This guide has provided many details that make Litecoin worth investing in. Still, you can do additional research online or elsewhere in this blog to further consider before making a decision.
https://primexbt.com/for-traders/is-litecoin-a-good-investment/

Why not Bitcoin or ETH or BNB? Maybe you have the reason why choosing that coin and I believe it was reasonable as you think it was really a good investment. Well, Litecoin is one of the known and profitable coins in the market and so I could say that it was a good choice but I don't think just you need to keep it alone, it was better to invest in Bitcoin together.
But I think you have to wait for the moment when the price correction will come in order to make a buy at a cheaper price.

actually the decision is yours
if you want to invest long term, buy it when the LTC market price is volatile, but it's better if you see the market conditions directly in 24 hours if possible you can buy LTC at this time.
if I personally move away from LTC it's better to look for other tokens that have better candle movements

Of course it depends on how you see Litecoin as a potential coin. So don't ignore this desire, especially if you have seen that the prospects for Litecoin are quite good. Litecoin also looks at least able to survive the very extreme conditions in the market. But remember to invest from a percentage that is not too large.

Market is currently dipping now so you may want to wait a bit to see how far this dip will go before buying ltc, if you plan to hold for long term it probably will not matter much when you get in because price will be high in the long term.

I am also long term investor in Litecoin as it's one of the best option for many years just try to keep eye on market because it's very important and keep your target and goals in mind before doing anything investing developers doing good job for years bringing few features and its fees and transaction speed is also never been issue for years.

Current price and time is best for investment, just invest which you can afford and enjoy your time here in crypto world.

if it is long term it will actually be suitable to buy under any conditions, because you will keep it for a long time and do not have to pay attention to market conditions every time.

At a time of price decline like now almost all big coins are good to choose as investments, but if I may I suggest don't put all your money in Litecoin, but try to look at some other coins whose potential is no less great than Litecoin in the market.

You can buy Litecoin right now without waiting for the price moves because your reason to buy Litecoin is for long-term investment so you do not have to think much about the price movements. So no matter if the price now is more than $100, you can buy it now and hold it for some time until your target time comes to you so you can sell it at that time or you can hold for more.

I wonder how long you will hold Litecoin if you want to use it as a long-term investment and why not bitcoin for your long-term investment since bitcoin can give you more profit than Litecoin.

you are investing for long term?

then you should not ask for those because buying and holding is needs nothing but trust only.

Buy litecoin and then keep to the time you wanted to how long.

No need to think for long term, Litecoin is one of the coins with good fundamentals. Litecoin is one of the crypto currencies derived from Bitcoin Core QT which means that everything in Litecoin is not much different from Bitcoin, it can be said that Litecoin is the silver of the crypto world and historically the Litecoin chart has a very good ATH in the last 4 years

You must think again before try to invest your money on this coin. Litecoin was not strong like it was before. So many new coins have been surpassing this coin but if you wanna use this as a short term assets and this may be a good idea but i didn't even think to use this as a long term coin caused by this coin has no utility compared with another new coins that got introduced into the market.

is not it better for you to get another coin instead of investing in the old and outdated coin like litecoin? Litecoin is worth to be considered as an investment but you must also try to think about that for the second time. Even its creator was selling his stash to the market. That sounds weird to consider this coin.
This time would be the right time to invest but it's better if you're putting a few bucks on it.

Most investors see Bitcoin as gold and Litecoin as silver. Litecoin has made a lot of progress and has even been included as a means of payment in international payment system, especially Venezuela. Via money transfer platform Remesas, foreigners can send Litecoin to family members and friends in Venezuela who receive Bolivar in their local bank account through Remesas. A 15% commission is charged which means the government in Venezuela is secretly collecting Litecoin. Another interesting fact is that the Litecoin Foundation owns a 9.9% stake in the German bank (WEG). And the Litecoin Foundation has received this as a donation from the Swiss blockchain company TokenPay.
These two facts further strengthen Litecoin future even more brightly. There is clear potential that Litecoin will rise further and is certainly a formidable competitor to other crypto.

you have to take decision before invest anywhere while money is your. if you asking my opinion, litecoin is not my targeted if long term staking, because it is too volatile and will not be such gain which you expect. you can invest in nft craze coins beside others various new potential coins.

Differences of opinion will provide a beautiful color when making their respective choices. Maybe for you bitcoin is not a good coin to bet in the long term, but for others Litecoin becomes a very delicious meal for profit.

Price fluctuations are experienced by all coin circulating in the cryptocurrency market, including Litecoin. Price fluctuations are considered to provide its own attraction, especially for investors who want to earn faster profit. However, investors must remain vigilant. Because with large fluctuations, the losses obtained will also be large in value.

you can but you should always buy Dip. It will better if you can but it for under $100. Market condition now soo bad. Ltc can down and go under $100 again. So wait few days. Don't invest in panic

As long as you are willing to hold your horses during market downturns, yes.

I think that LTC is still a good choice for a long term investment given its first mover advantage as an altcoin & its willingness to adopt new technology.

Just don't expect outsized gains like some of the other alts, but the flip side is that you do get a lot more stability. Make sure you do DCA regularly into your position, though.

Litecoin is good to hold for the long-term but this coin is not like the other coins, which can increase so high in a few years as the highest price for Litecoin was $412 on May 10 ago. So Litecoin still has a chance to rise high and probably, the price can likely increase more than $500 in the long-term. You should have the patience to hold Litecoin as the price seems slow to grow so you can buy Litecoin from now on and keep it following your plan. I have some Litecoin and still waiting for the price to increase later so I do not mind if it takes years to hit more than $500.

You can do it, but I have a few suggestions for you. Dont buy right now. before buying try to look at the chart. Try to find out the support resistance zone. Also, use some indication to find out a good entry. If you don't understand what I am saying, Try to learn some knowledge about Technical analysis. It would be very helpful for you in the future also. Litecoin is a good project. I sold most of my Litecoin at $80 and now it's almost 2x. I don't regret what I did, because I made a huge profit from this coin. For a long-time investment, this coin is a good choice. Try to buy slowly at a low price, in this way you can buy a good portion

actually litecoin is a good project, but if you want to invest on it then i suggest to wait for it to stay at the real support price before you put your money, because at this point the market still not fine because of the bearish ans most of the alts are really making unpredictable direction, so better to wait for the right time, always monitor the graph instead so that you know what's happening to the growth rate.

In my opinion litecoin is one of the very good altcoins to invest in the long term, but don't expect to get big profits from it, because the growth of this altcoin is relatively very slow, so it is less attractive to crypto users, but if you are sure you want to invest with LTC then  please be patient and always monitor the movement because currently the price of litecoin is going down,

Litecoin is good coin as compared to many shitcoin.Many shitcoin had stolen our hard earned money. Many initial traders like me, will face the same issue.Which I had faced over a week.I had invested in EGLD, Near and faced huge loss from it.If I had invested in trx and xrp. It may give me huge profit in a short period.To know the stable coin, I had losed over 400 dollars.

Before making any investment, I will advise you to do your research on the so called coin so that you can have a good understanding about the market structure. Always take your decisions and base it on what you have so that you will not make any mistake that could affects you later. For me litecoin is a good coin but still don't wait for public decision cause everybody has no there own thoughts about the coin.