Why LTC stuck on same price range?

[dupee419]

why it's stuck on same price range?

I guess it happens due to the current defi or nft hype, a bunch of people has been carried by the hype and started pouring their money into them. These days most people tend to gamble their luck in other altcoin or the exact newly shitcoin whit hopes it could bring them to insane returns. In other words, litecoin is lacking demands from the market which makes it struggle to break the current ATH.

LTC has been passive lately, also, it is true that the hype has switched from NFT and DeFi projects, causing LTC to remain stagnant, also goes for other coins to be honest, I don't know when the hype will come to an end, seems to me that the NFT hype is just about to begin.

[Rahman11]

“Gold has an $8.5 trillion dollar market cap. Silver is $15bn That is .17%.  $BTC has a $90bn mkt cap. $ltc is $5.7bn which is 6.4% of $BTC. Silver is at least useful for industrial production.  $ltc is a glorified test net for $btc. I don't get this rally. Sell $ltc buy $btc.”

[Findingnemo]

When you have expections of your coins to perform same as another coin then it has less chances, no coin is connected directly in terms of price movements so it all comes with the investors approach. Probably more people are going towards hyoed coins for example shiba and Doge which jas no reason to exist still people are ready to invest.

[geegaw]

why it's stuck on same price range?

I guess it happens due to the current defi or nft hype, a bunch of people has been carried by the hype and started pouring their money into them. These days most people tend to gamble their luck in other altcoin or the exact newly shitcoin whit hopes it could bring them to insane returns. In other words, litecoin is lacking demands from the market which makes it struggle to break the current ATH.

LTC has been passive lately, also, it is true that the hype has switched from NFT and DeFi projects, causing LTC to remain stagnant, also goes for other coins to be honest, I don't know when the hype will come to an end, seems to me that the NFT hype is just about to begin.

It's also hard to complain about litecoin's passivity as bitcoin acts as a pump continuously absorbing water from a small river like litecoin to expand its ocean and instead of being satisfied and returning more water to litecoin, too many new partitions appear and redirect the water source elsewhere, it is the source of the water for NFT, memecoin, it can even be said that every time bitcoin wants to be transported back, such spoilers always wait for the right moment to rob. But sooner or later, the stomachs of the vandals will be full and litecoin will also frantically absorb what was lost and more

[jeungo]

I think that this is due to the fact that there is no information activity on the part of the developers, and the attraction of new funds for interesting integrations and this does not allow the coin to take off, although it really has potential. She was once called the silver of the crypto world.

[ansarose1]

Although litecoin price has slow progress this time, if we compare it's price from last year's crypto market, it's been high this year compared to last year and i think it's not a lost if some crypto enthusiasts invest with LTC because they haven't lost profit yet, and even it's price is slowly increasing and sometimes decreasing it's always good to invest with LTC even for a long term investment. But nevertheless, they might have no other works or updates about their platforms so that's why the price of LTC is stuck

[takngantuk]

LTC accepted all over the world but it's price still low
same as last 4 years
why it's stuck on same price range?

because there is nothing new from Litecoin. the market moves based on speculation, and this also applies to litecoin. although this coin is good, but there is no big news or updates, this is what makes litecoin difficult to rise. this is the main reason why the price of litecoin has not undergone significant changes in recent years.

[bonyaserg]

In my opinion the LTC coin is very interesting and has good potential. At the moment, the coin shows stability and security, as it is also a great way to make payments. Personally, I think that the coin shows its ability to develop very modestly. And soon the coin will be able to grow very sharply and be in demand in the cryptocurrency market. This means that investing in LTC coin is very profitable. Since in the near future the coin will be able to show great opportunities for the development of a successful business.

[Nalbo]

LTC accepted all over the world but it's price still low
same as last 4 years
why it's stuck on same price range?

LTC has lost it's cause. The founder sold most of his coins and got out of it and the volunteering team did tried to bring some changes but it was not enough. LTC originated as a cheaper and quicker alternative to bitcoin but as we know there are much more cheaper and quicker alternatives and a lot of others for manipulating investment as well as real use cases. There's no more reason for people to buy and hold or transact litecoin as there's bitcoin already and a lot more and better options.

[dimonstration]

LTC accepted all over the world but it's price still low
same as last 4 years
why it's stuck on same price range?

LTC has lost it's cause. The founder sold most of his coins and got out of it and the volunteering team did tried to bring some changes but it was not enough. LTC originated as a cheaper and quicker alternative to bitcoin but as we know there are much more cheaper and quicker alternatives and a lot of others for manipulating investment as well as real use cases. There's no more reason for people to buy and hold or transact litecoin as there's bitcoin already and a lot more and better options.

Indeed, The founder itself sell his holding so how the heck will new investors invest on this project while the founder take profit and move on. Your explanation about LTC is just an alternative of Bitcoin is on point and I think that's the main reason why the founder take profit already since he knows that the project is already reached its limit while still inferior to new blockchain that comes from Ethereum Idea. Smart contracts is the cutting edge feature of most famous blockchain right now while LTC and other forks of Bitcoin is still performing very low compared to its new rival.

[Kodok Bencot]

I think the very tight competition makes investors always look for better and more profitable ones, as we know that Litecoin is an old coin and there is no significant project development, the team seems to be satisfied and let whatever happens in the market so many investors prefer it. with ambitious new projects and certainly higher profit opportunities than Litecoin.

[Teknisi88]

Even though you see LTC in the same price range, but LTC has made a lot of progress and has even been included as a payment tool in Venezuela's main international payment system.

[Sayeds56]

LTC accepted all over the world but it's price still low
same as last 4 years
why it's stuck on same price range?

You are absolutely right. LTC was my first investment back in 2018 when I joined crypto space and since then i have been holding it. It was considered as Mini BTC but unfortunately it has not shown its real color and it has also lost its Rank on coinmarketcap from 4 to 19 now despite the fact it is considered one the most popular payment system. Its price should be at least $500 considering its use case but its recent ATH was around $375. Its team should add some new features to improve its use case to make it more attractive for investors.

[Rahman11]

Litecoin price and other major currencies jumped on news from Tesla's CEO.
Overall risk-on sentiment in the markets is creating a favorable tailwind for cryptocurrencies.
LTC is, however, still not able to break out of a bearish technical play.

[Ondekinecakabilirim]

LTC accepted all over the world but it's price still low
same as last 4 years
why it's stuck on same price range?

After 4 years, the whole world has changed. Everything has changed. Universe, space, earth, people. Nothing remains unchanged. Litecoin has not changed and remained the same. Who wants to buy outdated technology? Would you pay for outdated technology? Do you want to buy an old model cell phone? Therefore, Litecoin price remained the same.

[otreza]

If the (bullish) trend continues, it could well be worth $300. Everyone likes it because it is not expensive and fast, with low commissions. The truth may lurk in miners, it is available information, whether mined coins are sold now at the current rate or held to a better price.

[Hispo]

Even though you see LTC in the same price range, but LTC has made a lot of progress and has even been included as a payment tool in Venezuela's main international payment system.

What do you mean, it was included as tool in "international payment system" in Venezuela?

[mindrust]

Even its creator abandoned it and sold his coins. It is cheaper and faster than bitcoin and has that is it offers. Guess what, there are hundreds of other coins that offer the same thing so litecoin isn't anything special. It has a fairly good adoption though. Most casinos still support it that's why it can't really die but it also won't melt faces neither.

[Pffrt]

I had accumulated a lot of LTC for quite a long time and it was a total waste of my money if I consider the BTC gain. I'm really surprised that LTC wasn’t even in the pump for a single time. It was $25 earlier if I'm correct but against BTC price, it lost a huge value. It's developer isn’t active I think that's the reason for not getting enough pump.

[nikola22]

I had accumulated a lot of LTC for quite a long time and it was a total waste of my money if I consider the BTC gain. I'm really surprised that LTC wasn’t even in the pump for a single time. It was $25 earlier if I'm correct but against BTC price, it lost a huge value. It's developer isn’t active I think that's the reason for not getting enough pump.

LTC developers promised to activate MimbleWimble protocol till the end of 2021 and this could be a reason for rally. but due to delay activation will happen only in January.