What about Litecoin?

[Abiky]

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.

[1715440317]

1715440317

[1715440317]

1715440317

[1715440317]

1715440317

[Charles-Tim]

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.

[Little Mouse]

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.

It’s still in test mode. There’s no fix date for the release. If I'm correct, I have seen it will be released on March 2022. Anyway, you can check out the update here- https://litecointalk.io/t/mweb-progress-update-thread/26678/1
And if you are active in telegram, you can join this channel for more update- https://t.me/MWEB_Testnet

[Yaunfitda]

It's because there's no one to shill Litecoin, that's why the price is tanking.

So it's a so-so performance, no update on the devs, while other altcoins are busy updating and releasing new version. So obviously, investors are not sold on Litecoin right now, they would rather put their money on something that will make it grow, like ADA, Doge and others. So it just followed the altcoin bull run and can't maintain it price.

[zasad@]

I used Litecoin to transfer funds between exchanges and wallets. Litecoin has very cheap fees and transaction speed is faster than bitcoin. Then I began to use TRON, because transactions are instant and the commission is very very small.
The future of cryptocurrency is smart contracts and instant transactions. If Litecoin Developers do nothing in this direction, they will lose users.

[Flowzer]

I used Litecoin to transfer funds between exchanges and wallets. Litecoin has very cheap fees and transaction speed is faster than bitcoin. Then I began to use TRON, because transactions are instant and the commission is very very small.
The future of cryptocurrency is smart contracts and instant transactions. If Litecoin Developers do nothing in this direction, they will lose users.

True, i remember using Litecoin as Arbitrage tools between exchange before i realize xlm and trx are cheaper and faster.
I think litecoin should adapt with that issue soon or they will really lose the competition.

[Distinctin]

That's right, LTC becomes unnoticed this time as our focus diverted to Elon Musk's promotion, however, Litecoin still in good shape, many investors still do the buying and selling. The normal market flow of LTC still exists and there is no problem I saw with this.

The whole LTC market development will soon arrive and that could still become unnoticed until someone (that is known) tries to promote it and create some hypes. I don't think that was a good mode either, if that ever to happen then we can prove that we are living in a manipulated market.

[hugeblack]

So far, there is nothing that "digital silver" can add and attract the market, as the markets are now looking for tokens, NFT, DeFi and other modern terms, and no one is concerned about max cap currency because they want to invest in the medium and short term, not long.
in the past people use LTC when Bitcoin fees became expensive but now there are too many altcoins that have low fees,
Privacy is a sought-after revolution, but it is not something the market is looking for in the short term.

[tabas]

Not anymore for those meme coins. Do not be surprised because there's a massive correction and most of them are affected. The meme coins have already dropped in value and hype.
And the same goes for Litecoin but before the correction, Litecoin has also taken its share and that's why whenever a coin goes up, it has to go down afterwards.

[Joca97]

Well my biggest bag is litecoin currently and i think it must go up in the coming months.I mostly use this coins when doing business or anything else,its fast and fees are very low so for me its currently the ideal coin and i think its currently really undervalued,not much promos going around it or anything else,but it will jump

[CaVO32]

Well my biggest bag is litecoin currently and i think it must go up in the coming months.I mostly use this coins when doing business or anything else,its fast and fees are very low so for me its currently the ideal coin and i think its currently really undervalued,not much promos going around it or anything else,but it will jump

But the LTC devs are not really that active in posting their updates. Or maybe they are just waiting the right time to shine in the market. It is one of the old alts that I can say, pretty much established in the market. And I do agree with you about its economical fees and the fast duration of transfer. I hope, a lot more will utilize its features, even merchants or e-commerce companies. A very good alternative to bitcoin in the payment aspect.

[JeffBrad12]

Litecoin has no an interesting development progress. that being said that if people didn't even feel interested to buy litecoin. You can see that there are bunch of new promising projects that developed better tech than litecoin.
I can pick matic as an example and this coin is going so crazy after it already launched its protocol with so many utility usage. It can also be used to bridge with some chains like ethereum, BSC and many more.
The utility usecase must become the main reason why litecoin is not so attractive.

[WeedGoW]

It really makes me wonder why the hell coins like Doge and Shiba are trending when they were a joke coin. While serious coin like Litecoin is actually cheap and fast for transactions, just perfect to replace bitcoin on small transactions like them but since normies 'muh meme' and only care about stupid coins like Doge and Shiba. Just from the look of it, you can see the market is going haywire when good coins get less attention than shitcoin.

[FinneysTrueVision]

I own a little bit of litecoin because I was trying to save on fees a few weeks ago. The price has gone down more than BTC I believe. It seems that people have forgotten about it because we hear very little about it in the media. I'm not sure they have very much development going on. A few years ago they were the first to implement segwit, but this time around it seems like they will be late with adding Taproot support.

[wajik-tempe]

My thoughts on this coin is slowly but stable. There are no big news from this coin but it's constantly listing for a payment for many places. So i think this coin is really strong and persistent, good for long term investment for like 5 years or more

[MusaMohamed]

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.

The announcement was 2 years ago and that partnership has yet gotten real product. I wish that Litecoin team will finish that upgrade soon in order to take advantage of the bull run of Bitcoin.

Great opportunity like this will happen 4 years a time and should not be missed. Litecoin price is very enjoyable to accumulate even no Mimblewimble privacy technique. This technique and future upgrade with it give more reasons to accumulate Litecoin.

[larus]

Looks like it just dont have enough media attention. However, chart is looking pretty good in the big time frame

[Godwinpaul]

Litecoin has witnessed some increase, but that could be tired to the general increase in most coin during the bull run. Litecoin is still a good project to hold for long term. We saw as dogecoin rose significantly in value, that could be the same for litecoin in the near future.

[Cvetik56]

Yeah, i think it has a potential and worth holding. It has really low fees and fast and safe transactions. It's one of the first crypto and it may have really good rise in the future.

[BOAEDAN]

I think Litecoin is a very old platform that is still around, Litecoin has a very good transaction speed and can be used as an alternative to make transactions other than using bitcoin, so I think Litecoin is still very useful until now.