Litecoin has been holding on to the market for a long time already more successfully than other coins. Even in spite of all the ups and downs
Yes, you are right we have seen lite coin is doing very good in the market because even with market fluctuation the price of Litecoin is not fluctuating heavily. From the last year onwards the price of Litecoin is very good and great stability in the market.
Now the market in the flat thus Litecoin is following. Actually, it is a good thing but Looking for good reasons for growth. I need to spend some of my LTC without realizing loss.
There are many reasons for growth, but this is already a mature project, and therefore it is not worth waiting for some huge numbers. Most likely we will grow with the rest of the market and nothing more.
The risk is small and therefore the profit is not so high.
yep...I'm using the last of my LTC to live on (retired due to crypto early) I have some LISK I plan on keeping..but essentially...the LTC will be 'toast' by the end of the year.
Next will be for next year the Bitcoin Cash to live on. That and the last of my Altcoins will likely be burnt by 2020. Thus only the BTC is likely to be in HODL mode. (unless altcoins
and BTC pumps big time and I can put off the great altcoin's I hold massacre)
So essentially what I see going on is 'everyone' who uses BTC in some manner to live on or to cover their previous data hall or mining operations are now selling altcoins like crazy
to live on or clean up their data hall mortgage (hedge...get the building) or other tricks...and burning their previously (back in the day) mined or ICO or whatever Altcoins.
It is NOW for most people all about protecting the BTC baby.
Anyway, how it seems to be playing out now and again, unfortunately, Bitcoin Cash has 'eaten' Litecoin's lunch as silver to BTC's gold I'm afraid. Really hate it, but any newbie
trader I know is not paying any attention to LTC at all (and very little to BCH for that matter) ..but again, I see this trend going on well into spring 2019.
Not to mention of course the 1 Billion in USD in BTC .the GOX settlement is going to release this next spring 2019 (man hope that all crypto is pumping than to eat that feast)
So...interesting times in the next year. But the big boys with data halls like Bitmain and others are dumping altcoins to save the BTC Hoard. Hedging against risk sucks, but how it
seems to be going now.
So unless LTC gets some stuff off the ground with the old 'debit card' plan or something....they will simply move as the market moves...but I don't see altcoins nor LTC doing
very well at all, if we have another year of 'sideways' price action.
Anyway, chump or champ, time will tell.
"Needs Must, When The Devil Drives"
Anyway, I'll be out of LTC by the end of the year, using it for 'real world' uses. But my take on how this all is gonna shake out.
brad
