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Author Topic: Litecoin is due for a big break  (Read 576 times)
Shaha98
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October 26, 2022, 12:24:22 AM
 #61

Litecoin is a long time coin because Litecoin has entered the market for a long time. But comparatively, Litecoin can survive in the market by competing with other coins When the price of Bitcoin goes up, the price of Litecoin goes up, I think it is related to Bitcoin. However, if they want to survive at the highest level in the market, they have to make new announcements every day so that investors invest in their platform as soon as possible.



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October 26, 2022, 05:39:32 AM
 #62

Litecoin is a long time coin because Litecoin has entered the market for a long time. But comparatively, Litecoin can survive in the market by competing with other coins When the price of Bitcoin goes up, the price of Litecoin goes up, I think it is related to Bitcoin. However, if they want to survive at the highest level in the market, they have to make new announcements every day so that investors invest in their platform as soon as possible.




bittorrent and many other zombie coins have been on the market for a long time, but now they can only buy a couple of chewing gums.
Still, Litecoin has been in the top 30 for so long time for other reasons: this is the POW algorithm, an understandable scheme for working with it, resistance to attack 51, due to the high hash rate, low fees, ease of use.

When bitcoin grows, everything grows after it and vice versa. In fact, there is no market without Bitcoin yet.

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October 26, 2022, 09:26:40 AM
 #63

I do not know if litecoin is due to a big break, over the years it has lost its position as one of the top 10 coins in the market and I do not see how it is going to recover that position, especially as every single year new projects emerge and even if a great deal of them are useless there are a handful which are good and which eventually make it to the highest ranks in this market due to their innovation, while litecoin is little more than a bitcoin copy.
I would guess that the main reason why they thinkg it will have a big break out is the fact that even though the coin lost its position, no other coin has kept it as good as litecoin.

Yes, it’s not top 10 like it used to be, but what is top 10 instead of litecoin has changed many times over, all of those projects end up going lower than litecoin eventually, for example we have other coins at top 10 now compared to 5 years ago, and 5 years later we will have different top 10, but litecoin will always be litecoin. This means even though it lost a bit of place, it still does stronger against all the other high level ones that drop eventually, meaning litecoin would do better in the long run.

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October 26, 2022, 10:36:46 AM
 #64

for now Litecoin has not shown any improvement, its position is always defeated by new types of altcoins.  maybe the development team needs the support or cooperation of an organization in order to influence the increase in its trading volume
actually it's not a matter of being defeated or not because Litecoin at this time may not have had a significant development from the development team. but if the new altcoin looks like it is superior to Litecoin because the new altcoin has an uncertain purpose in the future so the new altcoin looks like it has a development team that is always improving the utility of the coin even though sometimes such altcoins have no clear future and sometimes just hit and run.
different from Litecoin although at this time there has not been a prominent development but Litecoin remains an old coin that has a clear future and will not scam.
and it looks like Litecoin doesn't need to cooperate with other projects to increase the coin but just needs the development team to attract more community to push up the price of Litecoin.

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October 26, 2022, 09:08:31 PM
 #65

bittorrent and many other zombie coins have been on the market for a long time, but now they can only buy a couple of chewing gums.
Still, Litecoin has been in the top 30 for so long time for other reasons: this is the POW algorithm, an understandable scheme for working with it, resistance to attack 51, due to the high hash rate, low fees, ease of use.

When bitcoin grows, everything grows after it and vice versa. In fact, there is no market without Bitcoin yet.
That’s the thing about litecoin, not only it has been around for a long time (since 2011 which means it has been around for 11 years, going into 12 soon) they are also in the top 30 all this time, never went lower. If it was a bad one, then just like the ones you named it would have gone lower, but there were dozens of projects that were higher than litecoin in history, and then dropped under litecoin as well.

Because they were bad projects that got hyped for a while, and then they turned out bad and dropped under litecoin. Meanwhile, litecoin may have failed to go to top since those days, but it also never went lower like that neither which gives a good reason to keep some of it on your portfolio.

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Polkeins
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October 28, 2022, 05:29:07 AM
 #66

bittorrent and many other zombie coins have been on the market for a long time, but now they can only buy a couple of chewing gums.
Still, Litecoin has been in the top 30 for so long time for other reasons: this is the POW algorithm, an understandable scheme for working with it, resistance to attack 51, due to the high hash rate, low fees, ease of use.

When bitcoin grows, everything grows after it and vice versa. In fact, there is no market without Bitcoin yet.
That’s the thing about litecoin, not only it has been around for a long time (since 2011 which means it has been around for 11 years, going into 12 soon) they are also in the top 30 all this time, never went lower. If it was a bad one, then just like the ones you named it would have gone lower, but there were dozens of projects that were higher than litecoin in history, and then dropped under litecoin as well.

Because they were bad projects that got hyped for a while, and then they turned out bad and dropped under litecoin. Meanwhile, litecoin may have failed to go to top since those days, but it also never went lower like that neither which gives a good reason to keep some of it on your portfolio.
I agree with you about Litecoin. Few altcoins can be found on the market with similar characteristics.
Nevertheless, many people do not consider Litecoin to be something promising, constantly trying to find a 'hidden gem' somewhere else, skipping seemingly obvious things.
However, while the price will remain at the same level as now, the mass popularity of litecoin will not be seen, and this is also important.
Litecoin is really similar to "digital silver", but it is still very undervalued.

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October 28, 2022, 06:32:30 AM
 #67

for now Litecoin has not shown any improvement, its position is always defeated by new types of altcoins.  maybe the development team needs the support or cooperation of an organization in order to influence the increase in its trading volume
I don't think it needs any further improvement/ development it is already a complete payment system.

And the projects you are talking about still fail to reduce their transaction fees like ethereum. And some other have security issues, like solana.
All they need is to sustain their good services and have to spread more awareness to the community. Because the more they become known to the public, the more people become curious and wanted to try their services. And in regards to their fees, something they need not level with others and if they can make it low than ETH, I think that is even better and could possibly gain more users.

Litecoin has been in the market for many years and even though the volume is low but still, I believe this will even stay long and have potential in the future.

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November 02, 2022, 02:09:57 PM
 #68

Litecoin price up after Moneygram integration:

Quote
MoneyGram, a leader in digital P2P payments, has announced the launch of a new service that will allow users of the MoneyGram mobile app to buy, trade and store cryptocurrencies.

source: https://u.today/litecoin-price-takes-giant-leap-after-adoption-news-details



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