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Author Topic: Why LTC stuck on same price range?  (Read 445 times)
AmoreJaz
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December 08, 2021, 08:27:33 PM
 #41

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.

we will see if the ltc developers are up to their tasks here. because before there were rumors that they are not doing anything substantial to this project. but i guess we don't know the real score here.
what i like with ltc is this is an old alt, which up until now, their fees are one of the cheapest you can find, and are present in most trading platforms. so this alt is really good if you are after for transfer purposes.

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December 08, 2021, 09:04:41 PM
 #42

Well, that "stuck on the same price range" can be good, right? You know the bottoms and tops, of course, it takes time for the price to run a cycle but that happens, and for people who follow there's profit with trading LTC pair!

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.

I feel like that happened centuries ago... Smiley I remember Charlie Lee's tweet and many discussions about the decision he has made! I guess you are right, there are better coins, and probably nothing special will happen with Litecoin in the future, but still, it survives at 3 digits! So it's good for having fun with LTC trading it or gambling with it!

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December 08, 2021, 10:07:01 PM
 #43

The real developer of LTC already left years ago and now it needs improvement in the project, if new developments are made in the code and new features are introduced then only LTC can get a boost in the price but if nothing new is introduced then the price will also remain the same, if not it can also fall because of people loosing their intrest in the project.

Honestly, no need for development. In a volatile market, once a coin already established a good foundation, it can be attempted to be shilled intentionally. If meme coins can be shilled, what's more for a fundamental coin. Right now, only whales can dictate and trigger LTC to make a hype.

Day traders should always consider LTC on their list. That price swing within just a specific price range is good for short-term trades.

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December 09, 2021, 02:49:29 AM
 #44

Since I got to know crypto or about 6 years ago, Litecoin is the second altcoin I've ever bought after Dash and Ethereum, of course what Litecoin has achieved so far I think is good, maybe many holders think that Litecoin is stock up until now because of competition from around 15k which makes Litecoin look stuck, maybe surviving is better than innovation that fails like other projects.

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December 09, 2021, 02:18:00 PM
 #45

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?
Litecoin is one of those few coins that I do question a lot of times, because I don't really get why it is not growing. It was one of those early coins that were created immediately after bitcoin was released into the market as the first coin, it was the first coin I knew that came as an alternative to Bitcoin as a faster means of transaction.

But, it has had problem growing like others. It hardly even trends these days, although it did trend in the year 2017, but the trend wasn't that much and after that it still went back to the same range. Look at the market cap, it is around $11 billion, while SHIB that has just been out for a short time has already surpassed it with a market cap of double, $20 billion and higher trade daily trade volume.

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December 09, 2021, 02:45:29 PM
 #46

The real developer of LTC already left years ago and now it needs improvement in the project, if new developments are made in the code and new features are introduced then only LTC can get a boost in the price but if nothing new is introduced then the price will also remain the same, if not it can also fall because of people loosing their intrest in the project.
The Litecoin github is updating and there are changes going on in the background but it is not celebrated like we used to do for BTCitcoin, but one aspect is true Charlie Lee sold all of his holding during the last rally and he was even vocal about booking his profit and i doubt whether he has any meaningful asset in his bag, literally he created the project to make money and got out when it was shinning high Wink.
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December 09, 2021, 03:13:58 PM
 #47

Old coins such as Litecoin, ETC, Dash, NEO and so on seem to have difficulty competing with new coins, the thing that must be done immediately is to make innovations such as adoption to NFT and Defi so as to make investors come back again, if only relying on the old system I'm sure in a year Litecoin will out of the top 100.

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December 12, 2021, 05:45:23 AM
 #48

Day traders should always consider LTC on their list. That price swing within just a specific price range is good for short-term trades.
Day trades are the reason why LTC still has some movement happening and the "activity" on the market.

Major use I see is gambling on casinos, the inherent brand name of second to bitcoin which came before it was taken over by ethereum on the basis of market capital. Much like what DOGE has become some few years back with bigger crypto-based casinos using it as third to bitcoin, although it is not the case anymore with ranks.

Even then if you own some litecoin, dont expect huge movements, it will follow bitcoin and with every small development if it happens, will raise the price by another 50$ max.

R


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December 12, 2021, 06:58:39 AM
 #49

The biggest challenge of old coins like LTC is that they have to be able to adjust to developments or trends, and the current trend is NFT and Defi, if you don't follow the trends and developments that are happening then you can be sure that people will slowly leave LTC because new projects are more promising.
The latest one is NFT and you don't see much DeFi projects around the market due to so many scams arising out currently and it is not the main reason for low growth of LTC as there are so many coins which were pumping during this time under the influence and it got backed that time but it can rise after few time so the holders need to be patient for that time but some developments and acceptance will make the price surge after some time automatically.

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December 12, 2021, 12:24:59 PM
 #50

Ltc is a coin which is not a stable coin but but still LTC have low price . I think you can get profit only by understanding the cycle of LTC  it is rounding between $100 to $400 . But no one can say how and when it can be.

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December 12, 2021, 06:41:37 PM
 #51

The price of LTC has been stagnant I think that due to the number of projects that have gone through the BSC network, people are looking for coins that can get a x10 out of it with little effort and this is what NFT games and their tokens can do , obviously LTC is an important currency with a great future, in fact many people are trusting in making quite a few transactions with LTC because their fees are very low, and if we are going to study this feature, this is what we are looking for, send money from Safe way through a currency that does not demand as much fee, although in an eventual bullish race, the LTC will grow in price.

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December 12, 2021, 06:50:36 PM
 #52

Ltc is a coin which is not a stable coin but but still LTC have low price . I think you can get profit only by understanding the cycle of LTC  it is rounding between $100 to $400 . But no one can say how and when it can be.
Litecoin is one of the oldest coin in crypto community, but sadly it's never been in stable position even transaction fees are very low and speed is also very good but sadly due to poor marketing and having no strong community the biggest issues for this coin to stuck on price range developers also fail to give some good features and better development. Good thing still having very good reputation and staying in positive way with few peoples still able to have good profit from this.

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December 12, 2021, 08:37:39 PM
 #53

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 a lot of the functionality of LTC has been replaced by better coins.

There was a time when LTC was the fastest, most efficient coin out there. But that time has long passed.

Now people are looking for smart contract functionality and everything of that nature, which LTC simply does not have the capacity to scale to. Development has also stalled. All of this come together to give you the stagnating price.

Smiley
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December 12, 2021, 10:39:59 PM
 #54

Ltc is a coin which is not a stable coin but but still LTC have low price . I think you can get profit only by understanding the cycle of LTC  it is rounding between $100 to $400 . But no one can say how and when it can be.
Litecoin is one of the oldest coin in crypto community, but sadly it's never been in stable position even transaction fees are very low and speed is also very good but sadly due to poor marketing and having no strong community the biggest issues for this coin to stuck on price range developers also fail to give some good features and better development. Good thing still having very good reputation and staying in positive way with few peoples still able to have good profit from this.
Being an old cryptocurrency working on the platform of bitcoin network makes it more popular even though there is no big marketing and development. More cryptocurrency during the same time period have got rebranded and have grown high in the market.

Compared to more other cryptocurrencies on this range, litecoin have got good real-time usage. The present market condition serves as the time for investment on litecoin, so to make good profit as the litecoin could pump anytime as there is no big movement for a long.

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December 12, 2021, 11:19:49 PM
 #55

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 is a coin which is not a stable coin but but still LTC have low price . I think you can get profit only by understanding the cycle of LTC  it is rounding between $100 to $400 . But no one can say how and when it can be.
Litecoin is one of the oldest coin in crypto community, but sadly it's never been in stable position even transaction fees are very low and speed is also very good but sadly due to poor marketing and having no strong community the biggest issues for this coin to stuck on price range developers also fail to give some good features and better development. Good thing still having very good reputation and staying in positive way with few peoples still able to have good profit from this.
Being an old cryptocurrency working on the platform of bitcoin network makes it more popular even though there is no big marketing and development. More cryptocurrency during the same time period have got rebranded and have grown high in the market.

Compared to more other cryptocurrencies on this range, litecoin have got good real-time usage. The present market condition serves as the time for investment on litecoin, so to make good profit as the litecoin could pump anytime as there is no big movement for a long.
Litecoin is still very popular in my region, i don't know about you though. Also, Litecoin is still on the list of top 20 cryptocurrencies on both CoinMarketCap and CoinGecko. Therefore, that shows there are a lot of investors HODLing Litecoin. Perhaps, you wan't see Litecoin volatility like bitcoin or Ethereum? No, Litecoin is more stable compared to bitcoin and ethereum.

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December 12, 2021, 11:54:26 PM
 #56

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?

I am also still waiting for the Litecoin price to finally get pumped up. This year, probably all altcoins from the top100 and maybe even the top300 had their own pump, and Litecoin is still almost in place. I think it will be pumped soon. We have to wait a little longer.
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December 12, 2021, 11:59:48 PM
 #57

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?

I am also still waiting for the Litecoin price to finally get pumped up. This year, probably all altcoins from the top100 and maybe even the top300 had their own pump, and Litecoin is still almost in place. I think it will be pumped soon. We have to wait a little longer.

what am seeing here is that ltc devs are not very visible and active in the community. we have no idea what's going on or if there's anything going on. and if it will be pumped, what's the reason and who will do this?
i like ltc because they are present in a lot of trading platforms and their fees is one of the cheapest you can find. but in terms of development, i have no clue where they are heading at.
the popularity of usage has now being surpassed by new emerging networks like bsc, sol or matic. look at their position and you will understand why new chains are ahead of ltc.

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December 13, 2021, 03:19:57 AM
 #58

I think we should see ethereum continue to update its development. Because so far, from the old altcoin LTC one of the coins whose movements are very minimal. We also see Litecoin lacking in updates on Litecoin's development on social media. However, I believe Litecoin is very good for the long term. If the price drops, this is one of the recommended coins to invest.

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December 13, 2021, 04:02:41 AM
 #59

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?
I haven't hear about anything new that Litecoin offered to its users. It is stuck and doesn't add anything innovative while there are many projects that appear now, offer something new and run a good marketing campaign so they become more popular than Litecoin. It is being adopted by different companies as it is one of the classic cryptocurrency, but still, I don't see any improvements.



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December 13, 2021, 06:44:35 AM
 #60

I think old coins including LTC are difficult to develop to keep up with the current trend of NFT and Defi, developers certainly find it easy to use new tokens so that users will not be interested in investing in LTC.

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