What about Litecoin?

[SirLancelot]

It’s a normal thing to see some trash coins trend. People tend to hype some new coins that come into the market as a way to get it pumped. And after the price might have pumped, they will leave the market and let it crash. That all these coins are trending doesn’t mean Litecoin has been forgetting.

Litecoin still remains one of the biggest coins in the market and also one of the best choice for investors.
There are lots of people who are always investing their money steady in it. If you check the price you will see that it is one of the coins that reached a high price this year, although the increase might be much as expected, but it still did great.

[speedy963]

Well, litecoin sure is a great coin and has a useful function. The problem about this coin though is that unlike bitcoin or other popular coins litecoin doesn't have that much potential in giving huge returns as fast. Not unless you invest huge amounts. And I doubt most people have such luxury of investing lots of $$ in just a single coin. Best approach for this coin would be buying bit by bit and going long term like a year or more. Then again, anything is possible in this industry. So we'll just have to wait and see. Who knows right?

[Abiky]

Litecoin should be in the top-5 CMC. It's crazy if you see BNB, ADA, XRP, DOGE, etc. way above LTC. The problem with LTC is that too many coins with similar function, for example BCH, BSV, and other BTC forks.

Exactly. There are so many coins that do practically the same thing as Litecoin. Who'd want invest into LTC when there are other projects that are truly innovative? If Litecoin wants to stay ahead of the game, it's going to need to adopt new and attractive features. Otherwise, it'll be left behind like the rest of the old coins on the market.

What's saving Litecoin from going any lower right now is the limited supply of 84 million coins. Other cryptocurrencies have a bigger supply, so this is a huge win for the "Silver to Bitcoin's Gold". How far will LTC go, is beyond me. As long as there's a community backing the project, there should be nothing to worry about. I'd be surprised if Litecoin remains alive and actively traded on the market decades from now. It might not reach higher prices, but it would still be relevant in the crypto/Blockchain space. Only time will tell us what would be of Litecoin's prominence in the mainstream world. Just my opinion

[zasad@]

Litecoin price follows exactly the Bitcoin price chart. Therefore, I do not invest in Litecoin, but previously used this coin for faster payments.
Many coins now have fast transactions.
Litecoin will lose out to Ethereum rivals such as Polkadot, Solana and others.

[Abiky]

Litecoin price follows exactly the Bitcoin price chart. Therefore, I do not invest in Litecoin, but previously used this coin for faster payments.
Many coins now have fast transactions.
Litecoin will lose out to Ethereum rivals such as Polkadot, Solana and others.

As you've said before, there are many other coins with faster transaction confirmation times than Litecoin itself. Who'd want to use Litecoin when there's already a cryptocurrency called "Nano" with instant transactions and zero fees? Yet, what makes Litecoin different from other coins is the limited supply. 84 million coins that will ever exist, makes Litecoin the scarcest cryptocurrency in the world after Bitcoin. I guess that's why some people call Litecoin as "Silver to Bitcoin's Gold". The Bitcoin "sibling" (LTC) has lower fees and faster transaction confirmation times, with a deflationary model built into the protocol. If we value cryptocurrency based on their scarcity instead of features, then Litecoin should've been worth more than $1k by now. But most people are into crypto because of the hype, so they usually follow smart contract platforms like Ethereum and Binance Chain with "De-Fi" and NFTs.

As long as all of the attention is on said cryptocurrencies, Litecoin won't be going anywhere. The Blockchain is healthy and still going strong after all these years. As long as Litecoin is actively traded on the market, nothing else matters. Just my opinion

[ogundowotoby01]

The major issue i believe litecoin have compared to the rest of the cryptocurrency market is its transaction speed, thing's a coin that is built on the same BTC Blockchain and boasts the same level of security however litecoin has a much lower transaction cost which i believe well do well especially for online payments.
Litecoin has a huge future and i believe  the problems of slow transaction speed can be tackled, then we have the closest cryptocurrency that can be used for daily everyday transactions

[BayAngelo]

honestly, with the way the current market is moving, i will say that Litecoin is stagnant. price movement has been very poor and i think long term holders might start moving into another blockchain project. Ethereum classic with series of attack on the network was still able to recover and make huge price movement.  still don't understand why some token are undervalued.

[Abiky]

honestly, with the way the current market is moving, i will say that Litecoin is stagnant. price movement has been very poor and i think long term holders might start moving into another blockchain project. Ethereum classic with series of attack on the network was still able to recover and make huge price movement.  still don't understand why some token are undervalued.

I'm afraid that Litecoin won't be going anywhere. Demand is very low these days as people are focused on Ethereum and other big players on the market. These days, it's all about "De-Fi" and NFTs. If Litecoin wants to stay ahead of the game, it's going to need to innovate. Otherwise, it'll go down the drain faster than you could've ever imagined.

One thing for sure is that Litecoin is bound to adopt the "Mimblewimble" privacy technique soon. But that's not enough to make the cryptocurrency rise from the ground up. After all, most people don't care about their privacy. Adding smart contracts functionality to Litecoin would be the best way to bring people's attention into the project. If made a reality, Litecoin could take the crypto world by storm. One thing for sure is that Litecoin has faster speeds and lower costs than Bitcoin itself. A limited supply of only 84 million coins, makes Litecoin the second most scarce cryptocurrency in the world. It's really "Silver to Bitcoin's Gold". If only people used it as a store of value like BTC, things would've been much different than what they are right now. At least, LTC is still being traded on the market. As long as there's a community backing it every step of the way, nothing else matters. Just my opinion

[Hispo]

Personally believe that Litecoin, because its low fees and fast transaction times, it is undervalued for a PoW coin.
However, one can't ignore the fact that Litecoin also lacks of the spotlight and speed of development other projects have, there are not big personalities chilling/promoting it, just small/medium sized businesses starting to accept it and not doing much noise about it.

I personally hope Litecoin will get the attention and value it deserves as the solid project it is supposed to be.

[Baimovic]

The price of LTC is not stagnant, it's just that the price increases slowly when other coins get high hype but if we look at the candle on the price of course it is not stagnant and what I see from LTC is like BTC Coins and for the price development of LTC requires long term holding on the coin This is because the development of the MWEB will probably be effective in Q4 later so there is nothing wrong if we remain optimistic on LTC because I firmly believe this coin is very worth holding on to.

[item-ax]

sadly, i dont think LTC will raise enough one day. Of course, like any other coins, it will follow the trend bullish or bearish. But it will never move itself. For me, the reason of this failure is Lee announcing he have sold all his LTC. How can you believe in a project if the creator itself is no more supporting his own kid ?

[usaha jaya]

Litecoin wasn't stagnant, I remembered there was a time in 2020 its price was $40, it increased to over $300 this year, which means it is not stagnant, but it is not increasing to the extent you expected, but it actually increased. Litecoin was part of the first seven cryptocurrencies in marketcap but now fourteenth. One of the reason I think litecoin lack behind is that it does not have tokens, just like DeFi projects that also will increase its price, if its blockchain supports many tokens like ethereum, its price would have increased more. I think litecoin is worth holding as it will not be the only coin your are holding, it is possible there will be one time its price will increase than expected.

It is difficult to predict the future of Litecoin with precision because its price is easy to quickly go up and down, but if you believe that Bitcoin will increase again in the future, then you should also consider investing in Litecoin. Because with genuine precious metals it is often smarter to invest in silver than gold because the increase in silver prices often lags behind for a long time, leaving room for buyers, but in the end always catch up.

[dhemasm]

The price of LTC is not stagnant, it's just that the price increases slowly when other coins get high hype but if we look at the candle on the price of course it is not stagnant and what I see from LTC is like BTC Coins and for the price development of LTC requires long term holding on the coin This is because the development of the MWEB will probably be effective in Q4 later so there is nothing wrong if we remain optimistic on LTC because I firmly believe this coin is very worth holding on to.

The main point it's development, From my perspective comparing to other Altcoin like Ethereum or Doge it's more stagnant and didn't doing some good performance lately, Their development seems stuck too Especially "Mimblewimble" since i didn't hear any good things lately but it's still on track, The purpose of Litecoin itself it's to becoming alternative from bitcoin which i still use it frequently to send from another exchange. Well, Let's hope it will change on Q4 as you said.

[Alf_m.h]

The "Silver to Bitcoin's Gold" has been out of the spotlight for quite time. I'm surprised this is happening with LTC since worthless coins like Dogecoin and SHIBA are getting all of the attention in the mainstream world. Unlike the aforementioned coins, Litecoin with only 84 million coins that will ever exist. One thing for sure is that Litecoin is faster and cheaper than Bitcoin. If DOGE went all the way from being worth nothing all the way to nearly $1 per coin, then Litecoin can do much more than that.

Last time I've checked, LTC developers announced the "Mimblewimble" privacy technique. I don't know if it's already been implemented since I haven't been catching up with the project's progress. Adding new features to a Blockchain should make the underlying cryptocurrency soar all the way to the moon. Yet, nothing is happening as LTC remains stagnant in price.

Am I missing something here? What do you think may be the cause of Litecoin's stagnation? Will it have a future? Do you think it is worth buying and holding for the long term just like Bitcoin? Your input will be greatly appreciated. Thank you very much.

I don't think LTC is stagnant, they move slowly and massively, Doge and Shibainu get attention because there are fundamental figures behind them, sometimes the richest people in the world are easy to make such changes

[Oneandpure]

Last three months I bought LTC with higher price above $290 and still hold until now,  I hope can back to higher price because I loss much in LTC coin about $7000. I think this coin will allow with ethereum price above $1,000 but last bitcoin crash LTC dump and ever under $100. Hope could recovery faster and I want to get back my money with profit from LTC holding.

[TheGreatPython]

What do you think may be the cause of Litecoin's stagnation? Will it have a future? Do you think it is worth buying and holding for the long term just like Bitcoin?

Yeah, we can feel that litcoin is not into the limetight of investors as of now and this is because investors and traders are having excessive options these days to trade and invest with. I read litecoin dev had sold all his holding which means litcoin might be facing lack of enhancements according to the current trends of crypto space. This must be another reason why litecoin is not an attractive speculative asset today.

If only people used it as a store of value like BTC, things would've been much different than what they are right now. At least, LTC is still being traded on the market. As long as there's a community backing it every step of the way, nothing else matters.

Yeah, continuous buyers and traders are more important for any coin. I do see many known exchanges are still listing litcoin pairs. I guess someone in future like Elon may adopt litcoin which may open second innings for litcoin how dogecoin did in recent times.

[nelliella]

Litecoin is my favourite since 2017 for my transactions but for an investment litecoin is increasing pretty slowly & steady so i don't like it's movement .

[Emitdama]

Litecoin is my favourite since 2017 for my transactions but for an investment litecoin is increasing pretty slowly & steady so i don't like it's movement .

I'm seeing most people are preferring to make use of TRX for their transaction purposes but I'm not seeing any big differences in terms of transaction fees between TRX and litecoins. Probably with litecoins, we are missing active dev team which must be the reason why investors and crypto users are ignoring all the benefits of litcoins.

Litecoin must be needing some big announcement so that it could keep attracting new adapters. But, considering how many coins and tokens are actively being traded in this crypto space, I doubt it will be possible to rebuild such a stronger community who keep on using litcoins for their all purposes.

[LongStand]

Litecoin is intended to be a more scalable and speedier currency. Some cryptocurrency experts predict that Litecoin will soon replace Bitcoin as a virtual currency and a source of money due to its speed. Though Litecoin is frequently compared to Bitcoin, it boasts faster transaction speeds and cheaper costs for buying and selling LTC, making it a better investment in recent year.

[Abiky]

Personally believe that Litecoin, because its low fees and fast transaction times, it is undervalued for a PoW coin.
However, one can't ignore the fact that Litecoin also lacks of the spotlight and speed of development other projects have, there are not big personalities chilling/promoting it, just small/medium sized businesses starting to accept it and not doing much noise about it.

I personally hope Litecoin will get the attention and value it deserves as the solid project it is supposed to be.

Litecoin is extremely undervalued. The cryptocurrency is scarce, yet cheaper and faster than Bitcoin itself. Of course, Dogecoin is much cheaper and faster than Litecoin. But it has inflation "baked" right into the protocol. Compare DOGE vs LTC's supply and you'll see the latter is a better option as a store of value. If people only valued cryptocurrencies based on their economic model than hype, things would've been much different. I guess Litecoin would've been worth more than $1k if we base ourselves on scarcity. But it's all about hype these days. Since Litecoin lacks innovative features compared to other cryptocurrencies on the market, major investors and traders have gone elsewhere. Ultimately, it's all about utility. As long as Litecoin is useful, nothing else matters. Just my opinion