Bitcoin Forum

It has been 11 years and Litecoin is still running like a champ. In these 11 years, it never went down. One of the biggest advantages for small merchants who want to accept payment in crypto. Many merchants prefer Bitcoin & Ethereum payment but Litecoin is also something merchants should consider accepting as a payment.

What do you think guys?

Many merchants do really have it as their other crypto-accepted payment. If you ever see some signage that they accept bitcoin and Ethereum, Litecoin is very likely that be included in it too. You just have to ask the merchant and for sure that they're aware of it.
I didn't know much about its history and that it has never been disrupted or had some issue of downtime but, as said, it's the silver bitcoin and that's why it's still there and even Charlie Lee left it already. The foundation has already been set for it.

If only there weren't anyone who always creates their shit coins or some coins that have no right plan for the future, LTC and others that really have some real plan might now be getting close to the price of bitcoin. The problem is, there are lots of competitors that always put them as the last choice and they stay at this point even though they were there more than 10 years ago. I don't think LTC will disappear soon but at the same time, it's not really good for investment because it hasn't increased its price up to where the bitcoin price is now, and if ever you want to invest between these two, most people will prefer bitcoin.

This is down to the Litecoin's marketing campaign if they want to reach more merchants. I barely read or hear about them in crypto discussions around social media or forums. There are probably more stores accepting Doge now than LTC. I think people somehow lost trust to this project when Charlie sold his LTC before. Development continued but probably never recovered from that in terms of community support.

The recent Litecoin major upgrade is the implementation of MimbleWimble which makes an option to transact LTC privately exists. That makes LTC offers great flexibility for its users, whether they want to utilize the MW or not, it helps the privacy-conscious user. That should boost merchant consideration.

Though, your main point where there is no downtime thus small merchants should use it has an extremely no significant effect. Merchants would be benefited if there is a demand for an LTC payment option, and also, the integration between their business with an LTC payment processor/gateway is easy. Those are the thing we should put in mind about LTC adoption, it is not merely because it has existed for eleven years and there is no interruption.

I don't think it's people's trust that has decreased, it's just that some exchanges have removed trade pairs with litecoin because the developers have implemented an anonymous protocol. But the popularity of LTC among crypto community didn't disappear. On the contrary, many believe that LTC could have a rally this year due to the halving.

Absolutely, it's true that Litecoin has been running smoothly for over a decade and has become a trustworthy alternative to Bitcoin. One of the main advantages of Litecoin is its faster transaction times and lower fees compared to Bitcoin, which is something I personally appreciate. Whenever possible, I use LTC to transfer funds between different platforms I use. This makes it a practical and reliable option for merchants, and I definitely recommend considering it as a payment option alongside other cryptocurrencies like Bitcoin and Ethereum.

I'm a little confused by your phrase about how he never went down. What do you mean by that? Litecoin, like other cryptocurrencies, loses most of its value every 4 years. It does not differ much from other major projects in this behavior. The only big difference is that Litecoin didn't rise much in 2021, relative to the 2017 peak.

It's the beauty about POW, isn't?

Litecoin is one of the few other altcoins I use alongside Doge and of course the main crypto coin, Bitcoin

What he means is that Litecoin has never gone offline for the past 11 years like some POS shitcoins such as solana  ;)

In terms of price, it has also a roller coaster ride in this market.
But maybe, the OP is referring to its service to the community, it is always up and running.
Actually, ltc is one of the alts that has still very cheap transaction fee which is indeed good for payment method.
And in addition, this old alt is present in most trading platforms, which is very favorable to users because they can convert their LTC to any crypto they want.

I don't know if it is actually true, but if the litecoin blockchain was always working without any major downtimes for 11 years straight, then this is a pretty good achievement. I mean Litecoin was created as a lighter version of Bitcoin obviously, with a lower blocksize in terms of data and also more TPS if i am not wrong, so this would make Litecoin a perfect method of payment.
Nowadays Bitcoin is not really a currency to pay anymore in my opinion but more of a rare asset that everyone is holding in order to profit from rising prices in the future just as people are doing it with gold. Litecoin on the other hand would be a perfect cryptocurrency used for normal payments. It does not offer smart contracts so that is also pretty much the only use case, but that is enough.

Good to see LTC still in this market rising and growing, its good that we talked about this coin now since I’m planning to increase my holdings as the halving is about to come which for sure the price will pump again.

This is a good technology of POW and many still want to use this network. LTC have to be more active though and hopefully it will be back in the top 10 with regards to marketcap.

It encountered many issues in the past but is still in this industry at the present. One of the stable coins I guess, for some reasons. Litecoin is a good choice if you are into a more stable asset. During pumps it has a decent rate of increase and low decline during bearish market. In terms of payment method, well LTC is also a good choice and is running on a large chain across different projects. But to compare it with Bitcoin I guess is different. Bitcoin would be a better investment or asset over it if you are into more obvious growth in terms of market price. Would be between investor's preferences whether stability is more chosen.

One of the top coins that hasn't been discussed over the internet, or gained any popularity in the past few years.
I rarely or never heard about Litecoin for the past few years and yet, it is still running.

Being called as the copycat of Bitcoin, Litecoin hasn't have any huge developments from their project, but the fact that it hasn't face any problems as well is a good achievement already. I mean I had held Bitcoin a few years ago, but sold it. Maybe the fact that most of the exchanges are accepting Litecoin is one reason why it's still there on the top. Even though it slowly move out of the top 10 in terms of market cap, I'm thinking of Litecoin still as a good mid to long term coin to hold. The fact that it is also a POW coin is another reason why it's still on the top.

Either way, even though it hasn't been that popular already, many are still accepting it. It still has a fast transaction speed though with 2.5 minutes per block.

As an on-chain payment method, Litecoin is probably better than Bitcoin. That's in terms of fees. Of course, it is way better than Ethereum. And then Litecoin's Lightning Network is already launched so it is now becoming even better for payments.

Litecoin has also the best uptime in crypto history. It has the longest. It also has the highest. Litecoin has 100% uptime. Bitcoin experienced downtime before.

That's why I understand why Litecoin is also widely accepted as a cryptocurrency payment. It's one of the best. It is not like other altcoins which are merely shitcoins.

You got a point here, but overall I am still with Bitcoin, maybe if you are not comfortable with the transaction fees of Bitcoin, you can use Litecoin.
I believe Litecoin will stay just like Bitcoin. And take note also that Litecoin is forked from Bitcoin, so you will see the similarities of it with Bitcoin. It's just copying what bitcoin have, just like the Lightning Network.

Litecoin network is good enough and in 2023, it will have another block halving and the estimate day is https://www.nicehash.com/countdown]26 July 2023 (https://www.nicehash.com/countdown)

Litecoin network has good hashrate and its is a second strongest and healthiest blockchain Proof of Work networks after Bitcoin.
6 confirmations on Bitcoin blockchain (https://howmanyconfs.com/) will need about 316 confirmations on Litecoin blockchain, that is about 12 hours.

A third strongest PoW blockchain is Dogecoin.
https://howmanyconfs.com/

I haven't check this numbers but if it's true then you have to thank Litecoin's big brother which is Bitcoin. We all know that Litecoin is like the testing ground, a sort of guinea pig for Bitcoin for many years now. However, it remains like that and that is the main reason why merchant is not going to use it a payment system.

Bitcoin will still be the top priority and maybe some other altcoins for P2P and as payment scheme.

Bitcoin's uptime is 99.99%, so it's almost perfect like Litecoin. But wait the code of Litecoin is very similar to Bitcoin, per it's original developer, Charlie Lee. But we all know that crypto enthusiast loves the original, and so that is the problem with Litecoin.

There were times though that Bitcoin network is congested, so many of us shifted to Litecoin.

But when the network goes back to normal, enthusiast goes to Bitcoin again.

Of course I am also with Bitcoin overall. I'm just saying what's obvious and true. Although many would probably counter that we could actually pay as low as a few sats per vbyte in our Bitcoin transactions, that is only available to certain wallets. Many who are using other wallets are forced to pay high fixed transaction fees.

Litecoin is not exactly copying what Bitcoin has even though it is indeed a fork from Bitcoin. Remember that the first Lightning transaction happened on Litecoin.

Litecoin will stay of course and will remain relevant as an altcoin.

I believe Litecoin is a good coin to transfer value and perform payments, but I am not sure whether it is a good coin to hold in the long term. Still I am open-minded about the future of this coin which I have used in the past without problem.

one needs to wonder why this coin have managed to hold its relevance for so long with so much competence in the market from projects like Dash, Bitcoin Cash or Dogecoin.

If a merchant is going to accept altcoins then Litecoin is a good choice. Transfers are fast and cheap and I don't remember the last time there was a major issue affecting the network. It is one of the most stable cryptocurrency networks. Litecoin tends to follow bitcoin's steps in development so it should be reliable and secure.

As an investment I am not that interested in Litecoin but I have used it in the past for making small payments and fees were high on BTC.

Almost two years become Litecoin holder when investing price around $300 and right now little up above $96 before last years drop drastically under $50. I have big expectation with Litecoin and brave for investing there huge fund, but little disappointed with Litecoin price can't break above $100 and right now stuck under $95.

Stable price from Bitcoin and I hope have positive feedback for reaching up to all time high price, my expectation Litecoin can reach above $200 exactly I want to cut loss without much fund loss than have waiting more than two years later. Maybe in Binance have any interest with staking from Litecoin? seems better than holding only actually with higher price invested.

Litecoin was a coin that was highly regarded years ago but it has lost the attractiveness that it used to have to other altcoins.

Now it is still one of best coins we have but I do not see too much enthusiasm about it anymore, so it seems it is slowly losing influence and this is bad for litecoin, as in my experience when I buy something online dogecoin seems to be a more popular form of payment than litecoin at the moment and this means merchants are not in a rush to accept litecoin payments.

It can sound strange but I still use Litecoin sometimes when I need to do quick transactions. Its mere existence to me is to use in transactions. I never bought and hold it. Anyways I think it lost its former glory in terms of popularity. It was seen like 2nd or 3rd best coin (or first or second best altcoin) in past. Now its barely at top 15. But I can do nothing other than thanking developers and supporters that we have altcoin option like Litecoin still in cryptoverse.

Litecoin has been around for a long time in the crypto world, this coin has survived because it is still the choice for many traders to get profits by trading on this coin because the volume is quite high, but they have gone down in price and it has happened over and over again because it is impossible for the price will continue to be stable and up and also in popularity it has fallen replaced by several newer coins emerging from litecoin

I think the popularity of LightCoin in the crypto community has not gone away. It's just that more and more other coins appear every year and the market capitalization is shifting from old projects to new ones. But that doesn't affect the popularity of time-tested projects. Therefore, litecoin still has good prospects.

Is it? Post 2020 I don't see considerable growth in the Litecoin from all aspects and people prefer other coins which is more cheaper irrespective whether its centralized or decentralized lead the coin like LTC to die. Once it was considered to be the silver version of bitcoin and in top 10 market cap but where it os now?

I am not against LTC but the reality is LTC is dying gradually.

I always ask the payout in Litecoin whenever possible,from the casinos I like to play,from the websites I like to work online and many of them are offering it,it just makes me feel better because when I gamble I don't place like 0.0005 Bitcoin for a bet but 0.10 Litecoin which is the equivalent and it gives me a sense of complacent feeling.I think that a lot of people are starting to use this coin more especially gamblers as I have seen in the casino where I play the most,in slot machines they have an area of big wins and lucky wins which are the biggest wins people have made so far in these slots,the majority of them are with Litecoin.

For merchants it will be just a matter of time until they accept it but the most important ones as far as I know are already accepting it.

I can't deny it. Litecoin is one of the best alts out there even though it is just a btc copy/paste coin. The reason is the high adoption. Almost every casino and exchange out there lists and accepts litecoin. People actually use ltc to pay for the stuff. It is probably more adopted than dogecoin even though dogecoin is far cheaper to transact with.

Same with bitcoin, in fact they have never went down the top five. It does not change the fact that Litecoin has been an underdog for several years while it was supposed to be the Silver to bitcoin, while Ethereum quickly took that place and pushed it even below.

While stores might accept LTC, the community has been undergoing attrition. Unless some marketing starts which makes people buy LTC at an advantage it will remain in the same condition. The overall market movements have not been huge that someone might invest in LTC either. I think things will remain like this until someone in future does something to revive it.

All in all, I feel LTC is a good alternative if bitcoin fees become difficult to pay, which is a known advantage. Also it is a reputed currency so can act as collateral for P2P loans in bitcoin.

I was a fan of Litecoin, so i hold it for the long term but in the last year i sold all of my coins at 60$ (if i'm not wrong), but in this year it’s increasing day by day. I'm still using LTC to get a different type of services, it’s very fast transaction and low gas fee which is really appreciating, where you have to spend at least 1$ to withdraw any token from the market.

People are sleeping on litecoin. I keep promoting it any chance I get, and I believe that it will be a good coin for another 10+ years, and people should invest even if a little bit into it, and yet people don't, I don't know why they don't do it or not, maybe because they do not really consider it a good investment or maybe they do not know how long it has been around or maybe just because it hasn't done anything that attracted hype and attention like a big development, but they don't show any interest to it somehow.

Looking at how great it is, I will always have just a bit of LTC in my portfolio, not like 20%+ or something, but even if it is just 5%, I will have some.

Obviously that is one of the good point about LTC. However, to make it retail player on the market, the team will have to play very smart and will have to put huge marketing efforts. Without proper marketing they can not go anywhere out of their comfort box they are having since 11 years. LTC is good for its network usage however it is stagnant and peeps are using it now and then for their quick transactions mostly in exchangers or p2p from wallets straight. However, I never heard any news where a merchant has sticky note about LTC accepted here. Perhaps it will confuse people a lot in the first place since they will never grasp it quickly and what LTC mean really? Unlike bitcoin which way popular than it. That's why they will have to invest on marketing of the same and have merchandise to promote it first.

This is exactly why I am not selling my litecoin, and I won't. I emptied out my investments recently for donations, but aside from that I will always put aside %10 of my investment as litecoin, which is not really that much, I have 4 main coins that I invest into, bitcoin, ethereum, bnb and ltc. As you can see the first three is the top three coins, and litecoin is so far away from them, and yet I still consider it as the 4th biggest coin in my mind, all other top names could come and go, but litecoin has been around for 12 years and will stay for a while longer and be profitable without a doubt.

It may not be as strong as it used to be, but the fact that even after 11 years it is still one of the best, that means that it is actually quite strong. Not being as strong as it used to be and not being strong is not the same, it may lost some power, but it is still one of the most powerful ones out there. I believe that when the next bull run hits, it is going to get into top 20 and even get close to top 15 again.

Because while some others could lose hype, litecoin does not run on hype, it runs on fundamental community that has been around for a long time, and it doesn't require people to pump it, people already like it as what it is currently.

I am thinking that Litecoin is way simpler then ETH for example and eth has been running smoothly since 2015. I mean hooray for LTC i guess for lasting 11 years but why would it even have downtime? It's nothing like sol etc. I don't think i can give too much credit for just staying up as that's quite essential for a cryptocurrency.

But just being alive for 11 years is a milestone that most alts don't have... yet.

Well, LTC is a good coin for transactions. It's safe, fast, and cheap. And it was one of the first coins I got when I started using OWNR wallet. I even managed to get some profit from it at some point.