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Author Topic: Hodl litecoin or exchange for ethereum?  (Read 302 times)
Indiladhar (OP)
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April 29, 2021, 12:00:19 AM
 #1

As a note I have both litecoin and ethereum, it seems eth will surge once July approaches. Should I continue to hodl litecoin seeing as it hasn’t even hit its ATH yet? I was hoping Litecoin would have shot up sooner so I could get more eth before it decided to shoot up, but oh well.
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April 29, 2021, 12:10:12 AM
 #2

Nobody will advice you on what to do, but you can see for yourself that ethereum will be better, but as for me I will prefer binance coin also. But as to your question, better to go for ethereum which is better because it iis using a smart contract that makes many coins to be using its blockchain and yet getting increase marketcap to ethereum when investing in such coins called DeFi, Binance coin also is increasing in value recently, much to the reason of its smart contract too, especially when binance smart chain was created. Litecoin seem like bitcoin, but not bitcoin because it is just an altcoin, the reason it is not performing, also you can noticed that about bitcoin cash and such coins that are copying bitcoin.

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April 29, 2021, 12:34:23 AM
 #3

You shouldn't ask some stranger for financial advice really, if you truly believe that litecoin could go up then it's all up to your decision however I don't think in july there gonna be any massive pump for ETH considering this berlin hardfork alone already helps eth decrease the fee to 40gwei so the london hardfork that takes place in july I assume won't be as impactful anymore but there's always possibility for that right? not to mention if it could further decrease the fee which usually costs $8 right now to $2-$3, however ETH definitely have better potential than litecoin, it even goes up when bitcoin gets a flash dump but then again that's just my opinion and eth price is already high enough, take it with grain of salt and definitely don't consider it as a financial advice. Just create an analyzation yourself and make up decision based on it.

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April 29, 2021, 12:55:13 AM
 #4


Converting ethereum into the litecoin is farrr better https://cointelegraph.com/news/ethereum-on-a-high-after-european-investment-bank-s-121m-digital-bond-news

This is not financial advice but that's only my opinion. If you are thinking you have a different opinion than me and then DYOR. IMO if ethereum has a very good fundamental compared with litecoin.
I think this must be the reason.

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April 29, 2021, 01:08:20 AM
 #5

Ethereum is more stable and the community is huge. There more upcoming projects from ethereum and all of them are supported by many people.
So i think it's a good decision to convert litecoin to ethereum for a long term investment
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April 29, 2021, 01:34:19 AM
 #6

As a note I have both litecoin and ethereum, it seems eth will surge once July approaches. Should I continue to hodl litecoin seeing as it hasn’t even hit its ATH yet? I was hoping Litecoin would have shot up sooner so I could get more eth before it decided to shoot up, but oh well.

It's hard to give financial advise in this community as we might give you wrong information false hope.

But If I'm in your shoes, I wouldn't touch any, on the contrary, I would continue to buy and accumulate more, specially during a dip because we are still in the bullish cycle and people are very greedy.

So no need to panic, just play smart and you will be already, no need to regret that Litecoin is not shooting up. You don't know maybe at the end of this bull run, Litecoin might have gain significantly.

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April 29, 2021, 01:45:15 AM
 #7

today ethereum started to move and the price has reached 2700 $, buy eth now is not a good choice. So it's better to hold LTC, and be patient until the situation gets better. after all, ltc still hasn't reached ATH, so maybe when the market improves, ltc's turn will go up high. or rather than exchanged for eth, more profitable bnb. bnb is currently hot and prices could still go up. so bnb is also a better choice.
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April 29, 2021, 02:37:54 AM
 #8

Litecoin mostly just copies bitcoin. They've talked about adding confidential transactions for a long time but they have yet to make it happen. The only reason some people prefer litecoin is because of it's low fees. That is not a good enough reason to hold it for a long period. We can't predict where the price will go but we do know that it's development is practically non-existent. There is no good reason to expect a price pump that will be sustainable.

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April 29, 2021, 02:46:31 AM
 #9

With the recent adoptions of businesses in the cryptocurrency world, it's most likely to go with ETH.
*This is just my personal opinion and not to be taken as financial advice

Many people are taking more ETH to their wallets and their portfolios, allocating more to it than BTC. I have read and watched a couple of videos with different opinions on what could be profitable in the coming years. I believe that would be ETH, and we all know that it's one of the cryptocurrencies that have a lot of projects underneath it and is currently most used in addition to NFT's, etc.

You shouldn't think about it too much if your holdings, LTC, wouldn't reach ATH yet. Maybe there's no current impact at the moment. It's one of the OG coins worth holding as well, but you might miss other opportunities. You have to be prepared for that as well.

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April 29, 2021, 03:05:00 AM
 #10

So far we know that these two coins have a large volume of transactions, but people also know that Ethereum has a next project which is sure to make the ETH price soar even more. Even though Ethereum's main goal is to reduce transaction fees, with such projections the cryptocurrency community will be very busy looking for Ethereum to try the Ethereum 2.0 flavor.

Litecoin is very useful for transactions, but LTC will continue to be like that and show less significant price changes when we compare it to Ethereum in terms of usability. We can find Ethereum more useful and has more strong community support which means that Ethereum will never die even though the transaction fees are much higher than what it is today. And the positive trend is actually approaching Ethereum which continues to bring in many new users when competing with BSC.
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April 29, 2021, 03:08:35 AM
 #11

Hodl both Litecoin (LTC) and Ethereum (ETH). Just to be safe. You won't be sorry for doing so. Litecoin (LTC) having not yet registered a new ATH is not a problem. In fact, it is a factor that should be considered. That would mean that it still has a bigger room for further price increases in the near future. Remember Litecoin (LTC) is one of the most respected altcoin, probably next to Ethereum (ETH). It doesn't affect much your portfolio if you allocate a significant amount to these two.
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April 29, 2021, 03:09:56 AM
 #12

It's hard to say consider both were reliable coin bug you could take a look at the development progress that already made by litecoin and ethereum. The fact that if the ethereum is very active developing the platform while i rarely seen litecoin was getting a big announcement. The institutions are interested with ethereum rather than litecoin. I think that you can draw your own conclusion about this dude.
I personally will pick ethereum instead of litecoin.

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April 29, 2021, 03:11:20 AM
 #13

Litecoin is OG. This is already proven since the beginning, we all know that Litecoin is forked of Bitcoin. Which we can consider an alternative to Bitcoin for payments.
So, Litecoin and Ethereum are totally different.
And besides that, there are a lot of people who started to talk about Ethereum will flip Bitcoin, especially if you take a look at ETH/BTC price, it started to moving up.

If we compare the GAIN PERCENTAGE for Ethereum and Litecoin since last year, Ethereum gained too much compare to Litecoin. So, it's your choice...

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April 29, 2021, 03:54:13 AM
 #14

As a note I have both litecoin and ethereum, it seems eth will surge once July approaches. Should I continue to hodl litecoin seeing as it hasn’t even hit its ATH yet? I was hoping Litecoin would have shot up sooner so I could get more eth before it decided to shoot up, but oh well.
Are you too greedy, look back from when you first started buying it. This time looking at LTC and ETH I strongly believe it will grow strongly in the future, instead of trying to be smart, please know to be satisfied with what you have.

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imamusma
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April 29, 2021, 03:59:12 AM
 #15

If there are only two coins to choose from, then I would prefer Ethereum over Litecoin. The number of Ethereum users is very high, so having ETH in the wallet will be safer. In addition, we can use Ethereum to access Uniswap or other DeFi which is also very helpful for us in printing more money.
If you could consider BNB again, maybe I would prefer BNB over Ethereum.

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April 29, 2021, 04:29:10 AM
 #16

If I were in your position I would stick with it because Litecoin is the best coin I have for the long term and will make huge profits if you are consistent and patient.
and some Litecoin enthusiasts who predict that the next few months or the end of this year will increase significantly.
the decision is yours and everyone gives you good advice, do your research and find accurate news for developments over the next few months, I think all coins are good to have in the long run and to avoid worry and panic when the coins you hold have not developed significantly.


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Bitcoinjheta
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April 29, 2021, 04:39:14 AM
 #17

As a note I have both litecoin and ethereum, it seems eth will surge once July approaches. Should I continue to hodl litecoin seeing as it hasn’t even hit its ATH yet? I was hoping Litecoin would have shot up sooner so I could get more eth before it decided to shoot up, but oh well.
If I were you, I would rather diversify litecoin over etheruem cause i know for sure that would surely a huge increases in time. Imagine how ethereum coin remains on the top 2 of coinlist from that it signifies how stronger it is.
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April 29, 2021, 04:46:18 AM
 #18

As a note I have both litecoin and ethereum, it seems eth will surge once July approaches. Should I continue to hodl litecoin seeing as it hasn’t even hit its ATH yet? I was hoping Litecoin would have shot up sooner so I could get more eth before it decided to shoot up, but oh well.
If I were you, I would rather diversify litecoin over etheruem cause i know for sure that would surely a huge increases in time. Imagine how ethereum coin remains on the top 2 of coinlist from that it signifies how stronger it is.
So does Litecoin also have the potential to strengthen and pump hard? I am sure that the two assets he has chosen are investments that will not give you a disappointment. Currently, ethereum may be more aggressive in its increasing market. but LTC also has the same potential. now, ETH may become more expensive with the increase in adoption of new projects increases.

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April 29, 2021, 05:47:21 AM
 #19

The bull market continues, that's all that matters when it comes to judging LTC and I believe that very soon LTC will break a new all time high but right now Ethereum is just looking way better than LTC so if LTC is all you got you can sell 50% of your LTC for ETH

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April 29, 2021, 06:08:38 AM
 #20

Perhaps, you can trade your litecoin pair ethereum in Binance, so you can have a chance to increase your litecoin or have ethereum as the profit. But that is only if you have skills in trading, so you can see how big your chance to trade litecoin pair ethereum. Litecoin will have a new ATH soon and perhaps, and you need to be patient to wait for that time to comes.

But I guess you need to research for more which way you can do, so you don't just follow other people's suggestions and you know why you do that.

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