Bitcoin Forum

Recently I bought around 1000 dollars of litecoin (I sold 1000 dollars of my bitcoin for it) and I've already made a 20% gain. I decided to buy more LTC by selling the 690 dollars of shib bringing the grand total of my litecoin to 2000 dollars USD. Is this bad or does LTC have a future? I've seen a lot about how LTC has a possible ETF in the far future. I am a long holder (5 years at least) btw.

Selling all your Bitcoin to purchased altcoin is not a good ideal OP, because I know that if you hold your Bitcoin for five years you hold your LTC before you can sell,  I think the income you made from your LTC assume it is Bitcoin would have be more higher than that amount of income because many potential investors know what Bitcoin can bring in five years time. LTC is a good altcoin that has potential teams that is working every night and day to ensure they continue to increase the numbers of their investors by making them to always embrace favour from their investment. If you can continue with your long holding in your altcoins, I think it will help you to increase your income in another five years to come.

It's bad since you are a little shrimp but you buy litecoin which didn't have good volatility. If i were you then i will try to focus on RWA token which potentially to be the next trend since blackrock has announced its tokenized. It means that you will be massive companies to go through tokenization asset in the future.
Litecoin will not give you instant money and you needs to perform it even better. Think about that. The better if you are investing on the token which has lower marketcap compared to the litecoin. Just try to understand that if you are willing to get maximum profit and you shall take the risk.

So, why don't go to the tokens which have less marketcap? You can make a lot of money if you were investing in the hidden gem. Think about that.

LTC can be one of the coin in your portfolio but making it as your primary coin for long term isn't good choice, LTC didn't grow to it's potential and now there are lot of coins defeated the purpose of LTC's existence. It's good that you made profits but I recommend you to concentrate towards BTC for long term investment and altcoins only for short to mid term.

It's not a bad one but I fear as you began to sell your assets to rest on coin.
You should understand the need for diversification of your investment is IN CASE the market didn't go well at the other side, you can always have the alternative to covering up with your incomes. It would always help you manage your income revenues carefully and most productively in expanding your income sources.

I personally don’t think this was a good choice.

Bitcoin is the cryptocurrency that you can hold for long term and still gain profits. It is advisable that you hold most of your money in bitcoin and you can diversify your portfolio with other altcoins if you want to explore more.


I say that you should be careful with your returns. I would even advise for you to take it out already because litecoin might be good now but for long term investment, it might not be the best choice.


I don’t see anything wrong with this ti be honest aside from the fact that you exchanged your bitcoin for litecoin, however I don’t really see much difference between shib and litecoin so I think it is good to take advantage of litecoin’s value right now.

I am afraid this is one of many mistakes of a lot of people. Maybe They get too excited about a coin and suddenly want to maximize the amount of profit they can get but they tend to forget about the other end of the spectrum where they can easily lose the money they invested and the profit they’ve gained.

I know lots of people who have altcoins as their primary investment but I don’t see altcoins as a better primary option than bitcoin. Bitcoin is the safest possible investment among cryptocurrencies yet it can still give you massive returns.

Yesterday you just told us that you are holding Litecoin and Shiba Inu and now you have choose another action to convert all your Shib into Litecoin and I hope you will never regret this act because Shiba Inu is one of the potentially to make another climb this near halving and after halving.

It is not a bad move but it is one I think it is a little premature, there is still a lot of room for bitcoin to grow, and during that time bitcoin will outperform most altcoins, so even if at during that time you were making profits in fiat, if you were to check how much litecoin you may need to buy the same amount of bitcoin, you will realize that you are in fact losing ground against bitcoin, so you will have to endure until the altcoin season finally starts and we see a reversal of that situation.

The first thing to point out to you right away is that, you have made a few wrong decisions along the line, this is because you sold your bitcoin 100% just to put the money into memecoins and looking for long terms possible potential as far as 5 year time frame, I think that may result into some bad outcome because memecoins doesn't have anything that will propel it long term viability.

But above that all we need to take more closer look at the risk of none diversification to and again mono investment, what are their risks and advantages.

I don't know if you plan it for the long term from now on. I might just suggest that you look at market momentum as well. Bitcoin halving will happen, and we may see the impact immediately or even for a long time. no problem with your plans. but just try to look and take advantage of moments that might occur soon to gain profits.

Why choose slow performing litecoin than bitcoin? As we are approaching bitcoin halving for sure there's more to see from bitcoin itself. We can see how strong the current situation and even if the big event didn't came we already see it touch at ATH. So for sure there are lots of possibilities that bitcoin could able to pump more, but since that is your decision since you think your money is safe by putting it on litecoin then so be it since sometimes peace of mind is more worth than those possible big profits. but if you can able to do some more research then try to do it since its so helpful for investors if they can dig up some information's that important to see or to consider.

Any decision that involves selling shit meme coin to a project with real utility in crypto space is good. Litecoin is one of the OG blockchain in crypto that is hard fork on Bitcoin. Converting your asset from Shib which pump a lot already to Litecoin is a good move since  LTC still has a lot of potential to pump more in the future because this project is for long term unlike meme coin that doesn’t have an end goal.

Maybe focus on Ethereum if you are looking for forward for an ETF approval since it’s the closest project to receive an ETF. The rest will just follow when Eth ETF approved.

When we talk about LTC in particular it shown decent growth of about 20% in the last 1 months time frame but when we look at its 1 year price chart

https://www.talkimg.com/images/2024/04/01/VNqw5.png

The growth is very much stagnant so I don't have high hopes on it to give maximum profits even if we reach the peak of bull run when we compare it with Bitcoin or even some of the newly popped memecoins.

You did great. Shib doesn't have a history and it doesn't deserve its current spot. It is likely premined and when the early guys decide to dump their coins on you, it will never recover again. Litecoin on the other hand has a very organic user base and the worst has already happened. Its founder dumped his coins on us long time ago so you don't have to fear it. Have you seen the bitpay stats? Litecoin has been dominating it for months now. People use litecoin more than any other alt. According to my calculations, a fair price for a ltc is no less than $500. Hodl and you'll be rewarded.

I still believe with LTC and I mostly use it for transfers but about it holding for long term, it's like a balancer of a portfolio to me. It doesn't fall a lot but it doesn't go up a lot too. So, if you think that it's a good addition to your portfolio then that's fine.

You think so? It's possible since we've got BTC, some ETH application and soon there could be an LTC.

Op from the experience I have gotten from Ethereum which the second populated cryptocurrency in the ecosystem, it would have been better you stayed with bitcoin and not all these shitcoins and memecoins. The 5 years period of investing in the coin or the project is good but how sure are you that the coin will have value. Even though the project is not moving up like others but at least one a week it should show a sign of improvement and not dormantand from the research I made in the shib, the coin can be a good project and this how it is now in the market $0.00002812, I got the price form Coingecko https://www.coingecko.com/en/coins/shiba-inu.

Long term investment is the best although they are all "try your luck". If the project turns out to be a good one then you enjoy it and if it turns out to be a bad one then you bear the risk. It is a journey every interested person go in and has not come back and tell us the journey. The question is still on the floor. Which of the altcoins is the best. We are all still waiting for the altcoins All Time High to pick the best among all. Now the question again "When"?

First of all he may have misunderstood the memecoins market and how short term targeted their are and also for the fact that majority of them are just without any back up for liquidity provisions that will sustain their long term feature for that, any investment in them should not exceed an short term based.

Also being far and out of bitcoin I a big risk for any investors because the market is highly involving and at that you need to hold assets that have long term usability to sustain it presence, but at this point, there is no memecoin that presents such ecosystem for long term sustainability.

Litcoin is not a memecoin haha, also shib is definitely a memecoin but I didn't sell my btc for shib. I used $250 of my own money to buy it and it went to around 680.

For sure ETH has an ETF on the way but ETH doesn't have much room to grow in my opinion. Litecoin has a much lower market cap than ETH. It's risky but I can't go on with my life without taking risks. FOMO...

That's a radical decision which you have made and I hope you would have taken calculated risk because selling BTC for any Altcoins are not suggested but yeah if you have a strategy you can go ahead because LTC may provide better return but I would not invest into it as I have not seen any recent developments in the project and other altcoins offer better speed now.

I don't advise anyone to sell their Bitcoin for altcoin no matter what, most person who sold their Bitcoin in the early days have come to regret their actions, and I still think same thing will happen in the nearest future to come. So it better to hold steady and patiently besides, the ETF approval of Litecoin as you said is still very far from now, so selling Bitcoin or any other trustworthy coin to buy Litecoin that has been existing for years but don't have the capacity to be listed among the first top 10 coins.

Sentimentally, I think LTC should do well considering that it's still way below its ATH. If you allow me to make a prediction here, I think it will do up to $400+. At the moment, the price of LTC is disappointing anyway. I bought a few of it a few days to its current halving around $84 or so in expectation that price would fly like what we've known Bitcoin for. Surprisingly, price dipped after its halving even till date. If it ever has an ETF in the future, it may (just saying) not push price up like a Bitcoin ETF did. I'm still hodling to see what happens to its price this bull season but I won't be hodling that long like you.

You're doing well, honestly and you can keep doing that this time while the market is in the bullish condition. But in asking if Litecoin is worth investing in, I would say YES. Not in a state that we consider this as the best option to take but granting that this project has been in the market for many years and still performing well, you will never regret it rather than buying shitcoins.
Sell your Shiba Inu while still in the hype and invest in more valuable coins like LTC, ETH, and Matic. However, don't force yourselves to do that if you feel uncomfortable. Besides, you are a holder and have market experience, you already know what you gonna do.

When I read the title that OP sold his Shiba for LTC, I had no issues with that. But as I opened the body of the thread, I discovered that he also sold his bitcoin to acquire LTC. What I have to say is that, I am sure LTC will be around in 5 years time, definitely OP will still be in profits. Assuming he sold it and bought some random shitcoins, i would gave been mad at him. However, talking about regretting selling bitcoin, everyone at one time or the other will regret this.

Litecoin is promising but not comparable to bitcoin that have dominated grounds. Bitcoin is important, I've bagged good amounts of bitcoin because I'm set to smile when the bull season comes. Altcoins are simply the projects to wake up for because it have always been the top trends to talk about in the market. We should emphasize on the basis of the market, always bringing through the top because shocked shouldn't be expected. Decisions are made based on our strategy, creating awareness for the market because it's risky in every sector.

If you already have made your own research then have pride to take the risk because it's your own money and you have the full authority where to invest it. we can only give you suggestions but if you already finalized your decision, make it happen and be one of those unique investors who whatever happens in the crypto market, you are ready to risk it all and wait for that long period to make your dream investment come true. Yes! it's not that easy because of the high risk but if they really approve it and count it as one of the possible ETFs, then you have hit the jackpot by just spending a decent amount of money on your investment.

im not really so sure with litecoin honestly its low market cap is with a reason its an old coin that people don't really look into when they are trying to invest, same case with other coin that are formerly in the top 5 but tanked and then decreased in ranks there's always rotation for the top ranked coin as the seasons change so litecoin don't really have that much potential as you might think it have or at least thats from my point of view.
i will better off investing in a coin thats new that have never yet to reach all time high but also have quite high market cap and is also being backed by reputable investors like those new L2 but thats just me alright.
with the fact that there's no meaningful innovation coming from ltc i don't really think its gonna have any eventful future that gonna make the price increase in any way.
but thats up to you at the end of the day, always make analysis based on your own.

In my personal opinion, selling all your Bitcoin to buy into altcoins isn't a sound strategy. If you had held onto your Bitcoin for five years instead of LTC, the potential returns might have been greater. Bitcoin's long-term potential is widely recognized, and many investors believe in its long-term growth. While LTC has its merits, banking solely on it for long-term gains may not be prudent, especially considering the evolution of other coins that have outpaced its original purpose. While you've made profits, I'd recommend prioritizing Bitcoin for long-term investments and exploring altcoins for shorter to mid-term opportunities.

Regret is constant when you don't follow the right procedure. Though the crypto market is very difficult to predict due to the volatility and factors that can influence the price movement, but Bitcoin is the most easiest coin to predict and aside that, the most reputable and trustworthy coin. The reason I quoted the op was the fact that he sold his Bitcoin, for a coin that doesn't have any potential for now. Just because Litecoin pumped a bit doesn't make it better than Bitcoin. Even if you choose to be specific with time, by saying Bitcoin price correction would soon take place, after the price correction come the bulls again and that is before the 5 years he Intend Litecoin ETF would get approved.

Selling Bitcoin for Litecoin according to me is a bad decision. You could have sold the meme coin to buy Litecoin and you would have gained the same profit. Bitcoin is not for short term gain it is for long term gain. After halving there would a surge in the price of Bitcoin. That doesn't mean that altcoins will will also do the same. All altcoins are still below their ATH but Bitcoin already broke its previous ATH.

I do not think that was a bad thing for you to do. I do hodl some Litcoin and think it is a alt coin that is good for us to have in our crypto portfolios. It does cost not alot to send it for the fees.

And Litecoin does have a limited supply like Bitcoin does. So if you are 'bullish' for Bitcoin you can also feel the same for Litecoin.

I can't support this enough. This is a great idea and you made the right choice. Shiba is something that would be good for just a while, Litecoin is something that will be great until crypto world ends one day and I bet that our life would not be enough to see that, I bet that we are going to end up seeing it go on until we die. Litecoin will be here for 40 more years at least, whereas Shiba will not be anywhere in 10 years, for sure.

People made it go up because it was a meme and it got trendy and people hyped it, but that was it, it is going to end soon and people will regret ever putting their money into it. I remember very clearly people begging Elon to talk about doge again so they could recover the huge losses they made.

That's already quite a long time, 5 years and counting. What made you HODL LTC in the first place? Why change your mind now?

Are you in it for the profit? Or because you believe in it?

Why many people regret of selling their bitcoin prematurely is not only because of the volatility of Bitcoin, another big factor to consider is ignorance. It is not everyone that is in Bitcoin that trust Bitcoin. Most of the newbies do not have any belief in Bitcoin, they just think that bitcoin is a random altcoins that will disappear any moment. Even the established members do not also have belief in Bitcoin. Myself at a point I regretted following the information of investing only what you are able to lose. Assuming I didn't follow the instruction of investing what you are able to lose, I would have been in good money by now because I have had the opportunity to invest much when bitcoin was at 15k region, but was restricted by thr rules.

I don't want to speculate whether it was the right decision or not. Because the OP definitely has his own mature and well-managed interests. Litecoin, it is one of the old coins which is still surviving even amidst the onslaught of new coins or tokens emerging. It's just that, indeed, the price increase is not too significant. Indeed, the fundamentals are good, the use cases are also good. However, currently there are quite a lot of competitors. Because of this, LTC's ranking also dropped further.

I also still have LTC. but so far, I haven't had the courage to convert my coins to LTC again. Because in the bullish past era, I had a bit of a bad experience with this coin so in the end, I still have to hold it until now.

Well, I'm wondering why you ask this question since you have been holding LTC for 5 years. Because for that long, it was impossible if you didn't have faith and trust in this project. Of course, I won't say that is a good option to sell Shiba for Litecoin but it was you who could decide in the first place. As an investor, we already know the right thing to do and if you think that buying more LTC is an earning opportunity and believing this will grow in the future, then do it.

I'm not sure how LTC ETF affects the price of LTC but don't overthink about it. If you are profiting already then good for you but don't assume this will be the same in the future.

it's not good to choose a bitcoin over an altcoin because bitcoin have a more potential than altcoins, the reason why you don't need to seell all your bitcoin in replacement of altcoins is because when the price of bitcoin falls both the altcoins depreciate in value and it looks as if bitcoin controlled the increment of altcoins from my perspective.. what you have done is to divide the capital into two and purchase litecoin and still have reserved of bitcoin in your portfolio.

Sometimes a token failed and investing in a token that is cheap you have to be extremely careful because so many of the tokens lacks potential and any side news or negative news that affects bitcoin can make them to fall drastically out of the market, so therefore I believe that we have to understand the kind of token we want invest on and make a proper research of its furtherance before we can invest on them..basically people like to invest in altcoins because they feel that in altcoins investment they will make a profit more than all the pronounced or already known coins.

in cryptocurrency investment you don't need to depend on one particular portfolio and what will make you to not fall apart when cryptocurrency especially bitcoin began to fall and it will not affect you much is when you have diversification of portfolio,  because some of the altcoins use to die off during the process of bearish season especially when the bearish is been elongated, it can be that bitcoin and ethereum may be only coin that will stand to continue to exist during the time of bearish...so that is the major reason why we have to diversify our portfolio and not to channel our income to one particular coin.

I think you should invest in more than one cryptocurrency. The advantage is that when there’s a reduction in value of one of them, the others can still hold your balance to be decent. The case where a diversified portfolio will be in a big loss would be in an obvious bear market. So I think you should diversify.

Also, ETF doesn’t mean success. With or without Bitcoin ETF, bitcoin would still break ATH. So litecoin’s success isn’t tied to possible ETF.

     I won't say that what you did was wrong if you knew that you made a profit from it. Only you can say whether what you did was right or wrong. As long as you can only say that it is right when you have profit obtained and wrong if you have not obtained profit.

     Even if others say that you shouldn't have sold some of your bitcoin, they don't care because it's yours anyway and it's your choice. So do what you think is right.
Besides at the end of the one who will benefit of your decision is none other than but you or yourself.

Since you sold your bitcoins and with that money you invested in an altcoin I would not make such a decision if I were you. Because you will hold the investment for a longer period of five years, it is better to hold on to Bitcoin than Litecoin. But you decided to sell $690 shib and invest in more LTC is a good decision because I think investing in lite coin is less risky than meme coin. Currently bitcoin has a lot of appreciation and hope to reach another high in the future, in that case I would put all my money in bitcoin. Since five years is a long time surely from here on Bitcoin will get good results in the future. But yes litecoin is one of the top altcoin it may increase in price in future.

LTC is a good coin, and selling SHIB for it seems like a good choice. I don't think that it has a too bright future, but there is a chance.

Litecoin is a good altcoin but not an altcoin that can give you many profits as Shiba Inu would had. Shiba is risky than Litecoin and it is due to that high risk that the reward is also high. Litecoin can get an ETF in the future but that won't make the price to give you Shiba Inu kind of return due to the popularity that Shiba Inu has. Shiba Inu is a meme coin and they can pump for no reason and also pump as other memecoins are pumping. I won't had sold my Shiba for Litecoin but hold it.

You made the first mistake by selling your Bitcoin for an Altcoin, you made 20% gain but holding Bitcoin would had made you same or more gain. Bitcoin will rise very well as we are having Bitcoin halving soon therefore it wasn't a wise decision to sell you Bitcoin. Litecoin is an old cryptocurrency and most time old cryptocurrency don't get alot of hype in the bull market as new cryptocurrency takes all the hype.

Litecoin is a good coin, but SHIBA is a meme coin and meme coins do not have good fundamentals. Your choice is correct by moving your assets to Litecoin. But if you say you are a long term holder even up to 5 years I think Bitcoin is the best choice for you. Many people believe Bitcoin will hit $200,000 or even $500,000 in the next 5 years.

I just feel like you are holding the wrong coins. However for the short term you have made quite a handsome profit. Have you eber thought on the long run holding your Shiba what it would profit you? Bitcoin has a food potential especially for the long run. Since we are expecting a bull run soon after the halving i believe the meme coin will do so well in that period. If we are looking based on past event we noticed that during the last bull run after halving all the investors who held their meme coin were fucking profitable. The hike was so much that most person became millionaires. This is exactly what I expect to happen during the end of the year.

Selling your Bitcoin for other coins can be a very wrong approach because above all Bitcoin has proven to be the best however, it's always advisable to limit your other coins involvement to 10 % size of your Bitcoin invest let alone not selling your Bitcoin for other coins, well it is your choice but I just hope you  dont regret you  action .let us not be completely carried away by any  form of  influencer and make dràsic decision .

Diversifying into one of the longest running coin protocols is never a bad thing.  I don't think in the long run holding memecoins is something anyone should do, so dumping shib is definitely not a bad move.  In the short term you might have some opportunity loss but knowing you are holding for 5 years or more I like it.  Only better move is to get all of that back into bitcoin and ride that train.

I don't think that it is a better decision to sell your bitcoin to buy another coin because every coin possess a potential risk but risk in bitcoin is not as higher as that of the altcoins. You should grab bitcoin until the halving as you buy bitcoin but you didn't take benefit from it as other holders are taking.

You are still going to buy more lite litecoin so if you did not sell bitcoin for it then you will have bitcoin and some litecoin as well in your investment and you will be profitable in the upward movement originated by halving. Litecoin is also good investment but now you have to keep it longer while you can take benefit from bitcoin easily during halving.

Its not bad ideas I think, selling $1000 of bitcoin with opportunity up few percent just staking small profit than Litecoin has opportunity in daily day earn more than 10%. If OP invested in Litecoin when price dropping under $90 last several days and without few days price increasing up to $112 I think much profitable earn than hold bitcoin price stuck right now and small fund investing. Bitcoin is worth as long term investment assets but need large capital, investing $1000 in bitcoin just taking profit few percent and more potential profitable earn when investing in Litecoin exactly price dropping under $100.
During Litecoin price still drop is good ideas from OP want to sell his bitcoin and purchase for litecoin, just waiting with Litecoin hit to ATH price again and more profitable earn than holding bitcoin.

Why LTC? If you are investing in an altcoin then there are plenty of other projects where money is flowing. What LTC can give, you can expect a similar return from bitcoin as well. So it is better to hold btc than ltc in my opinion. If you want to be exposed to the altcoin market then it will be better to invest in new altcoin project because most retail investors want to invest in new project for short term profit. All the new altcoin are not risky to invest if you know how to manage your risk.

TBH, Litecoin has been one of the coins that remained on the top for a very long time, but it's very silent, and not being talked online.
Unlike many meme coins out there, no one is talking about Litecoin and to be honest, I've been thinking of holding some Litecoin for long-term, but I completely forgot it already, and I invested into other altcoins.

Well, Litecoin like other altcoins out there will pump on it's price during the bull run, but with how unpopular it is, I don't think that it will surpass it's past ATH of ~$400. I don't know if there's some development or some added features to that coin anymore, but if you're looking for a coin that's considered "established", Litecoin can be that coin. I mean it has been at the top for a very long time already. The only problem is because of it's unpopularity (IMO), it's place at the top in terms of market might slowly go down like what happened with other coins such as EOS, IOTA, and others.

Does Litecoin have a future? I don't know because I didn't heard any upgrades on the project, or I might be wrong and they're working in silence to the point that nobody is talking about them anymore. I guess if you want for a short to mid term profit for the upcoming bull run, Litecoin isn't a good choice, but if you're in for long-term, Litecoin is a good coin to hold, but there are other projects that I find better to hold in the long run like Ethereum.

While LTC can be considered a way to diversify, it is not a coin that can be relied on for long-term investments. It cannot be denied that LTC has not yet reached its full potential and the emergence of other altcoins has reduced its importance. Even though you have profited from LTC, I absolutely have to tell you that Bitcoin is a much more worthy bet than LTC for long-term investment.

I have seen a lot of people quickly become overwhelmed by their appreciation of altcoin value and their desire to mine it the best way they can. Unfortunately, they often ignore the risk of eventual loss, which leads to the loss of both the initial investment amount and profits. Although a growing number of people have a preference for altcoins as their primary investment choice, on balance, Bitcoin remains the safest option in the cryptocurrency market while still having the potential to generate large profits.

In my opinion, selling Bitcoin to buy altcoin (Litecoin) is not a good idea. Currently, we are anticipating bull run, which I think have started already, so holding Bitcoin should be a better option, more so with the upcoming Bitcoin halving. Though litecoin is a good altcoin but in terms of  growth, security and long term investment, Bitcoin is better. Please note that for all investments only invest what you can afford to loose. For long term investments, avoid keeping your coins/tokens in exchanges. 

     I'm just curious, op, what is all this SHIB you exchanged for Litecoin? Because if yes, I hope you somehow left at least 1/4 of your SHIB so that you still have SHIB in your balance. This is just my suggestion, but if you've done it, that's your choice.

     I just hope you don't regret what you did in the end. You know, here in the crypto space, the coin we think is hopeless will suddenly surprise us one day, the price will suddenly rally, and then we will suddenly feel regret if we did what we thought was right. You know what that means?

Maybe you are new to the world of cryptocurrency, I do not know, but swapping your SHIB for LTC is not a smart idea in my opinion. At most, you should have just bought a small amount of LTC. I must say that I was so particular about the LTC years back but when I carefully studied it, I realised that it is good for sending and receiving money and not for investment. Not that the investment will not be yielding with it but it can't yield as some more volatile coins/tokens would. If you compare how SHIB and LTC behaved since mid-last year till now, you should be able to know enough about what is happening and what will happen in the future.

And during the altcoins season judging by the past, the coins and tokens like memes are powerfully moving up. This is what I believe should be your primary target, and not just for doubtful investment and ETF reasons. The ETF we are even talking about can't be as impactful for any coins again as it did for Bitcoin last year. The reason why it behaved like that was that the ETF was introduced newly to the cryptocurrency world which makes it such impactful. But as it is, the ETF has not yielded any good results for Bitcoin ever since then in terms of the huge money brought in practically, only that the headlines, rumours and FOMO mainly caused the impact then.

During the time of LTC owning, how much has the price of this increased in 5 years? I'll give you a little hint. How much has bitcoin grown over the same period? Just recently BTC updated its historical maximum, and what results can LTC boast of? LTC is a half-dead project (from the point of view of ROI). I say this not because I want to deprive you of hope (I myself am deprived of this, because I myself have several LTC that have been lying dead for many years and have brought practically no income) and faith in LTC, but because, looking back at past years, I see that LTC turned out to be a bad investment instrument. Shib is also a dubious coin, because it is a hype coin. Why don't you sell LTC and Shib and buy Bitcoin with all the money? In the future, this will be an incomparably better solution.

This is why I believe that it would make sense if we could just let it be, there isn't really any reason for it to grow any differently. Litecoin should consider what we have as normal and not really make anything that grows any differently, we need to just make it work that way.

Litecoin is good and should not be something that could risk anyone. Shiba on the other hand is something that is quite risky, and that is why I do not think that anyone should hold something like that, it doesn't make sense to buy something and keep it for a year, or even more. If you ever end up buying shiba, you buy it for a very short period, maximum of a month, usually quicker, and I will go even further and say that you shouldn't even buy shiba ever.

I don't really know what you mean by their is no bright future for Shiba Inu holders. The crypto market is just like gambling so we should be ready to take the risk for us to make make from holding good tokens that would beneficial to us. It would be wise to accumulate good tokens but sometimes they might not have the liquidity to set the price on a higher level so we just have to make quick decision that would be a sign of reward making profits as investors.

You are free in your investment decisions, and honestly, Bitcoin is one of the most important currencies that you should have kept in your wallet. However, it is good that you made a profit from LTC. As for me, I prefer Ethereum and Solana over LTC, as they have a higher potential for growth, but this does not mean that LTC is a bad currency.  It's also a good currency, and the market and supply and demand dynamics determine its future. Indeed, the fact that the total supply for LTC is 84 million tokens indicates that the currency can witness excellent prices in the future. Analysts are still enthusiastic about this currency.

Your decision to sell the Shiba Inu currency seems good, as the currency became more sluggish after competing meme coins appeared. Meme coins are risky, so I think you did the right thing.

Shib is a shit meme coin so there are no potential future here. LTC is backed by bitcoin fork and Litecoin is a very old coin and it has been in the market for many years with a good value. Although LTC is not seen to be pumped very fast, it also has no record of being dumped quickly.  LTC can be a very safe investment if you are thinking of investing here for the long term. Panic always hurts a trader a lot so don't be a panic holder.

Even though Litecoin has proven to increase in price in the future, that shouldn't be the reason for an investor to sell their Bitcoin for it, and focus only on it without having a diversified investment like some other potential altcoin.

As the crypto space is, no altcoin is to be trusted for future profits because they can someday disappoint or get the rug pulled by their owners. Investing in them for the long term should be done with intelligence, that is buy them at a low price and and sell them back at a high price. For instance, the ATH of Litecoin was $415 in 2021 but as for today's price of it, it is fluctuating around $97. An investor can buy at that price and sell when it gives another ATH in the bull run, which can be $600-$700

SHIB has a history because it is not a brand new crypto and then it is like DOGE who have been mentioned by popular names in the industry, resulting for it to shake the market.

Afterall, it was still a meme coin so what can we expect? But even a non-meme coin and a top coin like ETH is said also to be pre-mined. Despite of it, they are still there, doing a good job. Didn't knew that LTC had a greedy founder but in fairness, his coin is not bad. Maybe he still have a coin or he bought again. Others can do a similar act too but it's not a big deal since we know it can always recover. LTC is old, popular, cheap and fast, no wonder why many people use it more, than the others.

We do whatever we think is right and doing our best to ensure we're grabbing significant profits in the market, I know it's not going to be easy grudge to hold but we should be having good pieces of the market when it pumps. OP did take a risky step to sell all his Shib for litecoin, atleast Shib is no longer active for the huge pump moves. Shiba Inu triggered huge pumps in the market and I've come to realized how the market pumps and dumps, the exact thing happen to these altcoins and memecoins.

I used to have some Litecoin as part of my porfolio and I must say much of my experience was not as positive as I expected. In my eyes, part of my portfolio underperformed because of the inclusion of Litecoin in it.
I think we are going though times which people are more interested in smart contracts, memecoins and gambling utility coins than simple Proof of work coins likes Litecoin, Bitcoin Cash and Dash, in my opinion.
Even though many of those coins have much of a very standing track record and they have proven themselves not to be shady or scams, it seems people have moved onto other topics within the world of cryptocurrency.

I think LTC is in the bottom price area, its growth is not really big, it is very suitable for you to buy at this time. Meanwhile, SHIB  grew a lot in recent times, so I think the strategy of selling down SHIB to buy your LTC is quite reasonable.

In addition, you can refer to the chart LTC/BTC and LTC/ETH, the price has been at the bottom for a long time, according to technical indicators, there may be strong price fluctuations for LTC on these two pairs. However, according to my observations, the price movement of LTC is quite slow, requiring a lot of patience if you want to hold it long-term.

I'm not a fan of Litecoin, but selling meme coin for LTC might still be better, especially if you're targeting a long-term investment. If you see that the future of LTC has great potential, that's not a problem, besides that LTC is still one of the popular coins which is still surviving.
However, I might be more inclined towards coins like Bitcoin, or EThereum, or BNB to invest in long term. I think ETH and BNB have better prospects in the long term than LTC. But, I think as long as it's a popular coin, and it's a decision you make after doing research, then maybe it could be a good thing in the future.

If for the long term I recommend BNB or ETH because the future of these two altcoins is clearly better than LTC. I mean this, for me LTC has a bright future because LTC is ranked 20th in CMC and part of the big altcoins. But even so, the future of BNB and ETH is much better because they are the most popular altcoins at the moment.

Well indeed that Litecoin is a good coin but it is depending in timing as Meme coin seems to be fast moving when there are a BS condition of market that favors meme coins , but litecoin on the other hand is slow moving currency and looking at its position now and from the movement what happened ? i believe that LTC needs long time before spending a good position in the market again because it has been in the 3rd rank in the past.

LTC is definitely better than all the shitcoins that are released these days, but at the same time just like you I think there are better options for those that are either looking for a superior short term or long tern performance, however if for some reason the OP believes they have a better chance to reach their goals by investing in LTC then that is something I can respect, even if I do not really understand how LTC could get a better performance during the upcoming bull run than ethereum.

It seems like the best days for LTC are gone. It's kinda sad, actually, it was one of the first coins I used and it still works great.

Litecoin surely is a good choice for long term. I too am accumulating Litecoin and doing some grid trading. Litecoin still hasn't climbed much on the recent bulls and there had been a lot of accumulation below $100 for this coin. Even at the moment they are below $100 which is a good price to bag some of it. When the bull arrives in Litecoin, it would easily make $200, that's a good x2 in a matter of couple of years at max. It also is one of the safest currency to invest as it doesn't have much problem and for a long time have resisted above $80.