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Author Topic: What about Litecoin?  (Read 1065 times)
traderethereum
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May 29, 2021, 07:55:44 AM
 #21

Litecoin is another hidden gem in crypto that has not yet increased like the other coins.
Litecoin has potentially increased, but it needs the right time to start the rally and I think it will happen in the future.
I heard that the project still continues, but they do not make many updates and I think they are prepared to surprise us, so we need to be patient to wait for a while.
Litecoin still has a bright future as I believe many whales are behind on that coin and still support it. It is only a matter of time to see Litecoin will be back to $300 or more.

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May 29, 2021, 08:16:38 AM
 #22

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.
Besides that, somehow for me Litecoin is one of the coins that can be relied on and I really hope it can develop even further,
and I do not see this can happen in the near future because of course it needs preparation too,
so better keep track of the progress and it will be interesting

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May 29, 2021, 11:07:02 AM
 #23

The trend of crypto market currently on DEFI, NFT, Layer2 and smart contract platform, so that more traders and investor prefer to invest on these coin. LTC can get attention for investors if it has a better product and follows the market trends, the team developer of LTC needs to make an attractive product. Many of the old altcoins the ranking position in CMC felldown significantly, which was in the top 10, now is below that, such as EOS, MONERO and DASH including LTC. This is because there is no product that attracts investors.

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May 29, 2021, 12:04:29 PM
 #24

light coin has a bright future if I see litecoin history this very good before one year litecoin price is 40$ Now 124$ mean lite. Coin have bright future Over the next 5 year it would be impressive for the value of 1 LTC to hit 5000$ but the does not mean it ,s impossible ....

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May 29, 2021, 01:38:39 PM
 #25

Litecoin is really fast and has such low fees. It is definitely one of the top coins out there. Everybody needs some Litecoin in their portfolio.
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May 29, 2021, 01:39:57 PM
 #26

Personally LTC has helped me a lot and it deserve thesame attention given to other coins, it has very low cost of gas fee and the price is quite stable and it’s prefer to send funds compared to order coins

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May 29, 2021, 02:01:09 PM
 #27

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. Smiley

This year I also decided to work more with LTC and decided to hold onto this coin in the hope of good growth. However, in the first phase of growth in 2021, the LTC price was only able to reach its previous high. To be honest, I expected more, but unfortunately the miracle did not happen. What's going on? It's hard to say, but I hope that in the second phase of growth in the crypto market, which should be at the end of 2021, there is hope that LTC will still show good growth. But on the other hand, there is not much information about LTC itself and its development. So I still left a few LTC coins in the hope that its price will still show good growth.
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May 29, 2021, 02:16:29 PM
 #28

Litecoin doing good this year during the bullish months we had and saw some youtube videos that litecoin will be big this year if bitcoin can recover the massive dip we have right now. I like blockchain of litecoin because of its efficiency especially with less fees in every transactions that's why bought some few in this dip market.

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June 01, 2021, 05:09:38 PM
 #29

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

It seems to me that Litecoin's development progress is quite slow. A lot can happen in the crypto/Blockchain space within a year from now. The much-awaited privacy feature could keep things going for Litecoin once it's released by 2022. It would be worth waiting for its implementation as long as developers make it as perfect as possible. Testing a new feature before release is key to ensuring its stability and reliability in the long run. Where Litecoin's price will move to after the upgrade, is the real question. I'm hoping its goes higher in price once Mimblewimble is released. But without a proper marketing/promotion strategy, it might get unnoticed by mainstream investors and traders alike. At least, Litecoin has been up and running without issues since its inception. As long as there's a community behind it, nothing else matters.

I'll be following the provided Telegram channel for more updates. Thanks! Grin



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.

Exactly. That's what I've thought in the first place. No marketing/promotion for Litecoin, means no demand on the market. We need someone like Elon Musk to promote Litecoin so it could soar all the way to the moon. Otherwise, prices will stale as people focus on other big players on the market. What matters is the usefulness of the blockchain in question.

So far, Litecoin has done its job well as being an alternative cryptocurrency to Bitcoin focusing on high-speed transfers at a fraction of the cost. It's been relatively stable since it's inception, thanks to its decentralized and censorship-resistant design. Litecoin might be able to last a lifetime if the community continues to support it. Price per coin doesn't matter as long as the coin is actively traded on the market. We'll see how far Litecoin will go as the competition becomes fierce in the crypto/Blockchain space. Just my thoughts Grin

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June 01, 2021, 06:53:05 PM
 #30

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.

Litecoin is no longer in doubt, because so far its reputation has remained steadfast from its inception to the present day, even though Litecoin is one of the coins that has not been affected by Bitcoin's major correction. maybe not very visible, because in fact there are a few fundamental differences. old coins that survive seem to have new powers. In the future I think Litecoin will launch a subsidiary.

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June 01, 2021, 07:04:40 PM
 #31

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. Smiley

To begin with, if you notice the attention channelled to Dogecoin and its likes happened with the bull run, secondly for the case of Dogecoin, attention paid to it was caused by a prominent person hence driving unfathomable hype to the coin which of course spiked the growth. This then brings us to the fact that, hype is one of the big things that matters in the growth of any project just as fud can also cause a downfall of a project unless it is a definitely strong one. So in essence, Dogecoin grew because of hype and since people understood what that means in relation to price they followed along and while some made money others got trapped. As for Litecoin, what the team needs to it continue working, secondly the team need to be active on social media in order to keep the community updated and wanting for more. A good example of a coin whose team/CEO is always active is Binance Coin. So if Litecoin team can follow suit, it would be a good way to grow, that is, good Innovation plus an active social media presence.

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June 01, 2021, 07:07:53 PM
 #32

Litecoin doing good this year during the bullish months we had and saw some youtube videos that litecoin will be big this year if bitcoin can recover the massive dip we have right now. I like blockchain of litecoin because of its efficiency especially with less fees in every transactions that's why bought some few in this dip market.

Lesser fees as its backing up Bitcoin, and it surely go further once bitcoin recover from this market fall,

Litecoin always moving when there's a good bullish move from Bitcoin, one of those oldest coin that

still god for investing, expect another strong move best time to go deeper for this asset.
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June 01, 2021, 07:11:06 PM
 #33

Litecoin actually I think is pretty good because with the increase from year to year it's pretty good to see but many people don't really like this ltc because there are some drawbacks. like this coin does not have a token unlike other coins, for example, such as eth and binance. this is one of the reasons why not many people are on this coin.
but I think this coin is quite good and if you want to invest long term this coin can be one that can be used because this coin is quite stable and maybe one day the price will be better

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June 01, 2021, 07:20:24 PM
 #34

Litecoin is one of the best cryptocurrencies ever existed and as stated above, it's available almost everywhere in every exchange and it's faster than Bitcoin too. Its creator @coblee is still around here too not like Satoshi who's gone forever. The price of LTC is just a matter of time until it increases.
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June 02, 2021, 03:58:15 PM
 #35

No marketing/promotion for Litecoin, means no demand on the market. We need someone like Elon Musk to promote Litecoin so it could soar all the way to the moon. Otherwise, prices will stale as people focus on other big players on the market. What matters is the usefulness of the blockchain in question.

So far, Litecoin has done its job well as being an alternative cryptocurrency to Bitcoin focusing on high-speed transfers at a fraction of the cost. It's been relatively stable since it's inception, thanks to its decentralized and censorship-resistant design. Litecoin might be able to last a lifetime if the community continues to support it. Price per coin doesn't matter as long as the coin is actively traded on the market. We'll see how far Litecoin will go as the competition becomes fierce in the crypto/Blockchain space. Just my thoughts Grin
Dogecoin didn't go out and ask Elon to promote doge, nobody did, it wasn't really something people could do, you could reach out to Bill Gates today and ask to get litecoin promoted and you will get absolutely nothing at all. Which is why I think it is quite important to realize it was all organic and it got hyped, hell even if Elon promoted doge it may not be interesting to anyone and could have gone unnoticed who knows, it is a lot of luck involved.

Litecoin may not have something like that at all, litecoin was never something too hyped or too loved, it is something old and has been around for a long time, probably oldest coin after bitcoin that is still at top 20 levels, and that is why it is getting attention, otherwise it is totally useless. Hell even the creator or founder or whatever he is Charlie ended up selling his litecoin when it went up, that's how much it is cared.

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June 02, 2021, 04:17:35 PM
 #36

Any crypto with no technical development will be replaced by other providing same utility with better working like speed and fees.Litecoin is still being used by many due to its faster confirmation speed and less fees than Bitcoin and ETH which is why most of the exchange transfers are done via LTC usage.But they need to improve more and more with new cryptos like Solana,DOT,ADA coming up in the market with better technology and prices are sparking high for them as user prefer investing in future growth oriented projects these days.

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June 02, 2021, 11:48:14 PM
 #37

Any crypto with no technical development will be replaced by other providing same utility with better working like speed and fees.Litecoin is still being used by many due to its faster confirmation speed and less fees than Bitcoin and ETH which is why most of the exchange transfers are done via LTC usage.But they need to improve more and more with new cryptos like Solana,DOT,ADA coming up in the market with better technology and prices are sparking high for them as user prefer investing in future growth oriented projects these days.
Solana, Dot, ADA have long adventure and need to grow up more to meet what Litecoin has achieved so far.

They are on hype and very popularly mentioned in crypto communities but they are young and have to be challenged more by the market. With bull market, people are optimistic and easily adopt new things. With bear market, they will fear with most of things and hesitate to experience with any thing.

Litecoin is the third biggest mineable cryptocurrency. This fact makes sense.

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June 03, 2021, 12:23:22 PM
 #38

Dogecoin didn't go out and ask Elon to promote doge, nobody did, it wasn't really something people could do, you could reach out to Bill Gates today and ask to get litecoin promoted and you will get absolutely nothing at all. Which is why I think it is quite important to realize it was all organic and it got hyped, hell even if Elon promoted doge it may not be interesting to anyone and could have gone unnoticed who knows, it is a lot of luck involved.

Litecoin may not have something like that at all, litecoin was never something too hyped or too loved, it is something old and has been around for a long time, probably oldest coin after bitcoin that is still at top 20 levels, and that is why it is getting attention, otherwise it is totally useless. Hell even the creator or founder or whatever he is Charlie ended up selling his litecoin when it went up, that's how much it is cared.
The truth is, there needs to be something that attracts people to some coin, there needs to be a characteristic about that coin or token to get promoted. Doge was a "meme" coin and basically it was a fun thing, it was funny and quirky and that drove people to it, it is totally useless and worthless coin that should worth nothing more than 1 cent, but as we can see it is going up constantly because people find it funny and entertaining and it gave them a group collective thing to do.

Bitcoin, ethereum, bnb, all those coins have something about it. The thing is, even if you do not ask someone to promote you, if you have nothing to be promoted then obviously you are not going to find anyone that will promote you. This is why I think it is quite important to realize we are not going to get any promotion for litecoin, it is getting worse and worse.
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June 03, 2021, 02:13:51 PM
 #39

Dogecoin didn't go out and ask Elon to promote doge, nobody did, it wasn't really something people could do, you could reach out to Bill Gates today and ask to get litecoin promoted and you will get absolutely nothing at all. Which is why I think it is quite important to realize it was all organic and it got hyped, hell even if Elon promoted doge it may not be interesting to anyone and could have gone unnoticed who knows, it is a lot of luck involved.

Litecoin may not have something like that at all, litecoin was never something too hyped or too loved, it is something old and has been around for a long time, probably oldest coin after bitcoin that is still at top 20 levels, and that is why it is getting attention, otherwise it is totally useless. Hell even the creator or founder or whatever he is Charlie ended up selling his litecoin when it went up, that's how much it is cared.

That's certainly true, mate. Litecoin is one of the oldest cryptocurrencies on the market right now. Dogecoin is the same, but somehow, it has brought the attention of popular figures like Elon Musk and Mark Cuban. That's odd considering that DOGE was created as a joke than a serious cryptocurrency for day-to-day payments.

What makes Litecoin better than Dogecoin is its scarcity. Only 84 million LTC will ever exist, making it as good as Bitcoin. You can use LTC both as a store of value and digital cash thanks to the way it was designed. I'm glad to know that developers are still working on the Litecoin project to make it stand the test of time. The recent "Mimblewimble" announcement, tells us that Litecoin isn't going anywhere. I hope that someday people will notice Litecoin's true benefits over Dogecoin, as crypto/Blockchain tech becomes mainstream. Just my thoughts Grin

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June 03, 2021, 03:16:10 PM
 #40

What makes Litecoin better than Dogecoin is its scarcity. Only 84 million LTC will ever exist, making it as good as Bitcoin. You can use LTC both as a store of value and digital cash thanks to the way it was designed. I'm glad to know that developers are still working on the Litecoin project to make it stand the test of time. The recent "Mimblewimble" announcement, tells us that Litecoin isn't going anywhere. I hope that someday people will notice Litecoin's true benefits over Dogecoin, as crypto/Blockchain tech becomes mainstream. Just my thoughts Grin
Cryptocurency market has changed. People now got attracted by DeFi and NFT - things that help them earn fortune rather than holding an outdated coin. Even Mimblewimble won't help. Privacy coins will be killed by governments. A few years ago, Dash, Monero and Zcash were really popular but where they are now? Doge coin is an exceptional piece of joke, don't ever compare any coin with it.

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