Latest posts of: Rakkimaru

TLDR: Litecoin ETF is a low hanging fruit & a logical move for Investment Management Companies.
Start stacking more now, front run them & HODL.

Below are some points/predictions which I strongly believe makes us very early and will see tremendous Litecoin growth potential in months to come.

Disclaimer: I am not a Litecoin lover(Don't fall in love with any coins) nor have I been with the Litecoin community for long. I believe the points listed below makes Litecoin a very suitable candidate for massive price appreciation in time to come. I'm here to share my observations, analysis and extrapolated outcomes for the coming months.

It is 2nd April 2024 today, and Litecoin is at $100.

Commodity Classification
CFTC recently classified Litecoin as a commodity
Edit: I can't post the news link, google it.
^This means SEC will not be a hard ass against Litecoin.

Similarities with Bitcoin
The technological layer similarities Litecoin shares with Bitcoin enables investment management companies to easily deploy familiar systems, security and processes when managing Litecoin ETFs.

Just another Financial Product
An Ethereum ETF which has a much larger market cap and popularity will likely generate higher AUM. BUT Investment Management companies don't really care much about the financial products they sell especially ETFs, they only care if people buy in so they grow their AUM (Asset Under Management). They make money on the AUM fees.

Easier approval than Ethereum
The entire crypto space has been gunning for an ETH ETF, I believe in time, it will come just not so soon. Ethereum ETFs will have a hard time because it was used heavily as a chain in previous cycles for MANY ICOs(Initial Coin Offerings).

Litecoin on the other hand, is well, like Bitcoin. An old dinosaur from the very early days, but this also means, it has already built a good mindshare in many people's mind. It is not an unfamiliar new coin/token with new tokenomics which is hard to understand. While it isn't sexy, but it's cycles are as predictable as Bitcoins each bull cycle.

Think about the number of Investment Management Companies currently doing Bitcoin ETFs. Could ANY of the executives in these companies have an inclination to do a Litecoin ETF after CFTC's filings?
1 single Litecoin ETF submission will be sufficient as a catalyst to increased accumulation.

We will see news about a submission in April 2024. Catalyst event.

Because of the above points, I believe we will see a Litecoin ETF sooner than an Ethereum ETF.

Current Price Action
The current Price Action of Litecoin is uncommon, we usually see the movements of Litecoin follow very closely with Bitcoin, but today (April 2, 2024) we see a strong recovery on LTCUSD and a breakout on the daily for the LTCBTC chart.

This means the bottom of LTC against BTC is already in. Positioning yourself in LTC will yield even higher ROI (Return on Investments) against holding BTC. I'm not advocating the sale of BTC for LTC, I'm saying, to accumulate LTC right now as institutions are accumulating.

The current price action, I believe, is also caused by insiders accumulating LTC. It is severely out of the norm for Litecoin to "depeg" from overall market movements.

This behaviour is only observed after CFTC's "Litecoin is not a commodity" news.

The Narrative
Bitcoin is to Gold, as Litecoin is to Silver. We've all heard this.
In the Chinese communities the common saying is 比特金，莱特银. Which essentially means the same thing.
In this cycle, we will see this exact narrative being replayed to new retail users learning about Crypto. These headlines will be in the news again, I'll bet on it.

The Motivation
Another narrative we will see, "If you've missed Bitcoin, get Litecoin."
Unless you've been in the crypto space since 2013 and amassed a comfy big bag of Bitcoin, Litecoin will be a tremendous opportunity moving forward. I've seen this being pushed in twitter ALOT, and I expect to see this in the news headlines too.

It is human nature to have a fear of missing out, and this(narrative) drives and tugs at that emotion.
That hope for a way to "built that generational wealth". Because nothing is better than selling hope to retail investors.

I welcome any constructive opposing views on my lengthy post. If you've made it here, thank you for taking the time to read this. I look forward to learning from everyone <3.