Litecoin's comeback

[Abiky]

Almost unnoticed, last night LTC crossed the $100 line again for the first time after the pre-halving rally in 2023, reaching a new YTD high of $104. It currently trades again below $100, but the tendency should be clear now. LTC is up >30% in the last 14 days, so the price is continuing to recover.
...

LTC is still undervalued considering that it went through a halving without any huge "pump" in market prices. All of the attention is on Bitcoin spot ETFs and the anticipated Bitcoin halving event. Meanwhile, Litecoin is being left behind in the dust.

I'm saddened by this, especially when LTC is much more decentralized than ETH. Perhaps even more than BTC, especially when institutional investment companies are buying all of the coins. I'm waiting for the day when Litecoin becomes "Silver to Bitcoin's Gold". Maybe it will reach $1k sometime in the future?

[Uhwuchukwu53]

Litecoin is dead. What makes you think if litecoin will able to surpass bitcoin? I meant it has no further development anymore. Litecoin is still exist caused by bitcoin. it's done man for litecoin even in another thread many people talking about litecoin halving and it means nothing.

It will not give impact to the price of litecoin.

Well your entitled to your opinion, but expectations is not cut off yet , but just that it can't surpassed Bitcoin as some may speculate ,it will be very wrong to say despite if it atain any ATH before halving. I am seeing a come back but can't surpassed Bitcoin.

[mindrust]

See this?

This is how the real world adoption looks. Litecoin has been dominating the crypto payments. It is the ultimate crypto currency till it  becomes a store of value coin like bitcoin.

This screenshot above guarantees that litecoin will always have a price support no matter what happens. It is because it solves a real world problem. People really use it to buy goods. BCH was supposed to be like this but guess what, LTC is better than BCH.

[Sophokles]

Litecoin is dead. What makes you think if litecoin will able to surpass bitcoin? I meant it has no further development anymore. Litecoin is still exist caused by bitcoin. it's done man for litecoin even in another thread many people talking about litecoin halving and it means nothing.

It will not give impact to the price of litecoin.

Well your entitled to your opinion, but expectations is not cut off yet , but just that it can't surpassed Bitcoin as some may speculate ,it will be very wrong to say despite if it atain any ATH before halving. I am seeing a come back but can't surpassed Bitcoin.

Litecoin can be used widely in online payments, but its performance is not showing we are in a bull run. Most of the project pumped at least 2X but litecoin just stagnated in the same area for a long time. Even if there is a comeback, it won't be that promising any more. There are so many new, promising projects out there that investors can not resist investing in a new project rather than an old one like litecoin. Anything can happens in crypto so lets see what we can get litecoin in the future.

[d5000]

[...]

Thanks for this, it's interesting that according to the graph LTC payments seem to be even growing strongly this year, I knew already LTC was first in this list because the Litecoin Foundation showed that number in their yearly report for 2023, but I had expected a flatter or stagnating growth.

In general, I think Litecoin supporters (and other supporters of "classic" altcoins like XMR or NMC) should be much bolder in general. Perhaps some are timid about their investment because it is an "old coin" or "outdated" related to newer shiny PoS "Ethereum killers".

But think again: Most of the high-ranked PoS altcoins, including Ethereum, are based on a concept from the year 1999 (Practical Byzantine Fault Tolerance). So can you blame LTC and Co. to use an algorithm, the Nakamoto Consensus, which is 9 years newer and there's consensus that it's more objective and less vulnerable to attacks (as it doesn't require Weak Subjectivity like PoS does)?

(BTW: today the first time I had a transaction stuck for more than some minutes with 2 sat/vbyte. Good or bad sign? In addition to some Ordinals stuff, there was however also a sequence of unusually long blocks.)

[Abiky]

See this?

This is how the real world adoption looks. Litecoin has been dominating the crypto payments. It is the ultimate crypto currency till it  becomes a store of value coin like bitcoin.

This screenshot above guarantees that litecoin will always have a price support no matter what happens. It is because it solves a real world problem. People really use it to buy goods. BCH was supposed to be like this but guess what, LTC is better than BCH.

Couldn't agree more with you, mate. LTC is and will always be better than BCH. Nobody wants a direct fork/clone of Bitcoin pretending to be the original cryptocurrency. People want something different that focuses on real use cases than anything else. Despite the fact that LTC is similar to BTC, it has a few things that makes it special. The slightly-higher supply of 84m units, a different PoW algorithm, a smaller block time, and the Mimblewimble privacy feature makes LTC a good BTC alternative. On the plus side, it isn't "owned" by institutional investment companies (BlackRock, MicroStrategy) nor governments.

If people knew LTC's potential, it would've reached a new ATH by now. At least, prices are relatively-stable. With most crypto exchanges supporting LTC, nothing can go wrong. Maybe it's a "hidden gem" waiting to blossom someday?

[WillyAp]

On the plus side, it isn't "owned" by institutional investment companies (BlackRock, MicroStrategy) nor governments.

If people knew LTC's potential, it would've reached a new ATH by now. At least, prices are relatively-stable. With most crypto exchanges supporting LTC, nothing can go wrong. Maybe it's a "hidden gem" waiting to blossom someday?

That is kind of inevitable, once the hunger for BTC is diminishing the next coins will fall victim. 
For a mass adoption their marketing is too centered into meetings and sit ins.

[cryptosize]

In theory, 1 LTC should be worth 0.25 BTC at most.

In practice it has never reached such a high valuation...

If you ask me, LTC is the most likely candidate for the next crypto ETF (as soon as BTC supply drains out, maybe 5 years from now).

ETH doesn't have much chance according to SEC, it will most likely be declared a security.

PoW coins are certainly not dead (as Greta Thunberg bootlickers would like you to believe).

[mdzahed134]

Litecoin can be very old coin but it's still promising coin in the market, and still it's undervalued coin if you will comparing other projects, as par as less transaction fees it's very popular specially in online payment and personally i am using this coin to purchase many products from online marketplace. But i didn't see any increases where many top coins are already huge increased.

[mindrust]

See this?

This is how the real world adoption looks. Litecoin has been dominating the crypto payments. It is the ultimate crypto currency till it  becomes a store of value coin like bitcoin.

This screenshot above guarantees that litecoin will always have a price support no matter what happens. It is because it solves a real world problem. People really use it to buy goods. BCH was supposed to be like this but guess what, LTC is better than BCH.

Couldn't agree more with you, mate. LTC is and will always be better than BCH. Nobody wants a direct fork/clone of Bitcoin pretending to be the original cryptocurrency. People want something different that focuses on real use cases than anything else. Despite the fact that LTC is similar to BTC, it has a few things that makes it special. The slightly-higher supply of 84m units, a different PoW algorithm, a smaller block time, and the Mimblewimble privacy feature makes LTC a good BTC alternative. On the plus side, it isn't "owned" by institutional investment companies (BlackRock, MicroStrategy) nor governments.

If people knew LTC's potential, it would've reached a new ATH by now. At least, prices are relatively-stable. With most crypto exchanges supporting LTC, nothing can go wrong. Maybe it's a "hidden gem" waiting to blossom someday?

LTC will eventually get owned by Blackrock and there is already a Grayscale Trust for LTC which is called LTCN. I check the litecoin subreddit occasionally and it seems there is also a litecoin ETF on the way which is about to get approved by the SEC. So, these are probably the last moments before you can acquire them cheap litoshis. It is already showing signs of a breakout btw. Recently ltc went as high as $105. Sooner or later it will meet its ATH again but ltc's main problem is that there are too many shitcoins competing with it.

It is always the same game. When ETH was $9 nobody wanted it, when it went above $1000 everybody wanted it. Still though, as long as you keep your cool and hodl, you'll get rewarded for your patience.

I actually have been DCA'ing LTC for some time instead of BTC because I see great value here.

[Abiky]

LTC will eventually get owned by Blackrock and there is already a Grayscale Trust for LTC which is called LTCN. I check the litecoin subreddit occasionally and it seems there is also a litecoin ETF on the way which is about to get accepted by the SEC. So, these are probably the last moments before you can acquire them cheap litoshis. It is already showing signs of a breakout btw. Recently ltc went as high as $105. Sooner or later it will meet its ATH again but ltc's main problem is that there are too many shitcoins competing with it.

It is always the same game. When ETH was $9 nobody wanted it, when it went above $1000 everybody wanted it. Still though, as long as you keep your cool and hodl, you'll get rewarded for your patience.

I actually have been DCA'ing LTC for some time instead of BTC because I see great value here.

Wow. So I guess it should only be matter of time before "Wall Street" gets its hands dirty on Litecoin. I've read there's also a Grayscale Trust for BCH. Even ZEC is on the list. If the SEC approves spot ETFs for the aforementioned cryptocurrencies, market prices won't be cheap ever again. What I'm concerned about is the decentralization of crypto. Especially of both BTC and LTC. The latter has been widely unpopular due to fierce competition on the industry. But that could all change overnight with the spot ETF hype.

If LTC gets owned by institutional investment companies, it might be time to start looking for other options. Especially if you're concerned about decentralization. People only want to make money, so they won't care if ETFs negatively-impact the network in the long run. Convenience goes on top of everything else, right? The future of LTC is uncertain, so we can only hope for the best.

[cryptosize]

LTC will eventually get owned by Blackrock and there is already a Grayscale Trust for LTC which is called LTCN. I check the litecoin subreddit occasionally and it seems there is also a litecoin ETF on the way which is about to get accepted by the SEC. So, these are probably the last moments before you can acquire them cheap litoshis. It is already showing signs of a breakout btw. Recently ltc went as high as $105. Sooner or later it will meet its ATH again but ltc's main problem is that there are too many shitcoins competing with it.

It is always the same game. When ETH was $9 nobody wanted it, when it went above $1000 everybody wanted it. Still though, as long as you keep your cool and hodl, you'll get rewarded for your patience.

I actually have been DCA'ing LTC for some time instead of BTC because I see great value here.

Wow. So I guess it should only be matter of time before "Wall Street" gets its hands dirty on Litecoin. I've read there's also a Grayscale Trust for BCH. Even ZEC is on the list. If the SEC approves spot ETFs for the aforementioned cryptocurrencies, market prices won't be cheap ever again. What I'm concerned about is the decentralization of crypto. Especially of both BTC and LTC. The latter has been widely unpopular due to fierce competition on the industry. But that could all change overnight with the spot ETF hype.

If LTC gets owned by institutional investment companies, it might be time to start looking for other options. Especially if you're concerned about decentralization. People only want to make money, so they won't care if ETFs negatively-impact the network in the long run. Convenience goes on top of everything else, right? The future of LTC is uncertain, so we can only hope for the best.

Do you guys make posts like this to fill your daily campaign quota or what?

The BTC network is still decentralized, despite BlackRock having tons of BTC:

https://miningpoolstats.stream/bitcoin

I don't see LTC changing either:

https://miningpoolstats.stream/litecoin

[Abiky]

Do you guys make posts like this to fill your daily campaign quota or what?

The BTC network is still decentralized, despite BlackRock having tons of BTC:

https://miningpoolstats.stream/bitcoin

I don't see LTC changing either:

https://miningpoolstats.stream/litecoin

For now. But things could change in the future if miners and node operators defect to companies' own interests. What's stopping BlackRock and other giants from running their own nodes and miners? If they accumulate a large portion of the circulating supply, self-custody of BTC would be hard to achieve in the long run. We should empower people to take control of their own keys/seeds instead of leaving their coins at a CEX or custodial wallets.

I'd say Litecoin is a better option than Bitcoin right now because it isn't mass-accumulated by institutions yet. There are no plans for a spot LTC ETF right now (AFAIK). The cryptocurrency isn't as hyped as BTC is, anyways. I'd prefer LTC to remain a lesser-known cryptocurrency even if that means lower market prices in the long run. It's not always about money, is it?

[d5000]

For now. But things could change in the future if miners and node operators defect to companies' own interests.

This topic was recently discussed in the Bitcoin section. I see a minimal danger for such a "conspiracy" to work if Bitcoin is really losing the "idealistic" part of the user base completely, but I don't think this will happen, at least not soon. But as long as we have vocal voices upholding the cypherpunk ethos, the markets will follow the "honest" chain/protocol, because this particular ethos is too much associated with Bitcoin's main characteristics (censorship resistance etc.) which can be described, from a business perspective, as USPs (unique selling propositions).

Hypothetical case: if <some business> tries to convince miners that Bitcoin should change to PoS and create a way to block funds (just like ERC-20 tokens), would the miners agree? I think not, because all such a change would do is to convert Bitcoin in a poor man's Ethereum without even a Turing-complete smart contract language, which can be censored at any time. Why should this coin then have any value? Miners will understand this case.

I however agree that we should aim for a healthy ecosystem of several decentralized, non-premined, uncensorable chains in the case anything goes wrong with BTC. And Litecoin is probably one of those chains all those interested in censorship resistance and similar stuff should also be interested to protect, even if its origins were a little bit shady (instamine allegations due to Charlie Lee's early GPU mining). XMR, Doge, maybe also Dash, RVN or Flux, and perhaps also some much weaker non-premined chains but with unique characteristics like NMC and Signum are other chains I would mention here.

If they accumulate a large portion of the circulating supply, self-custody of BTC would be hard to achieve in the long run.

No, here I completely disagree, that won't happen. This would drive the BTC price into insane regions, so they would stop accumulating eventually, and additionally this would incentive old whales to sell, leading to other coins being distributed. Also there could be compliance problems, BlackRock et al. are heavily regulated.

I also disagree that LTC should remain "unknown". The more well-known a chain is, the more secure it is (censorship resistance, ecosystem ...).

[cryptosize]

Do you guys make posts like this to fill your daily campaign quota or what?

The BTC network is still decentralized, despite BlackRock having tons of BTC:

https://miningpoolstats.stream/bitcoin

I don't see LTC changing either:

https://miningpoolstats.stream/litecoin

For now. But things could change in the future if miners and node operators defect to companies' own interests. What's stopping BlackRock and other giants from running their own nodes and miners? If they accumulate a large portion of the circulating supply, self-custody of BTC would be hard to achieve in the long run. We should empower people to take control of their own keys/seeds instead of leaving their coins at a CEX or custodial wallets.

Owning coins vs owning the hashrate. 2 different things.

We're not talking about PoS coins like ETH.

[WillyAp]

I also disagree that LTC should remain "unknown". The more well-known a chain is, the more secure it is (censorship resistance, ecosystem ...).

I wish you could post that in litecointalk.
There the reigning opinion on being front runner is the total opposite. 

[Dunamisx]

We may not have to give a listening hears to some of the people that were busy saying that litecoin has been underrated, it may not perform well as expected in recent times, but that doesn't justify the saying that this same coin is being undervalued, because it has also been once upon a time among the most performing cryptocurrencies and still awaits for its own turn in making such a wonderful and nice performance again, its network transaction fee is very cheap and affordable and nothing changed concerning this.

[mrust_mobile]

$104,45 on binance at the moment. +9,51% 24h

Litecoin bitchezz

[2Pizza410000BTC]

$104,45 on binance at the moment. +9,51% 24h

Litecoin bitchezz

Litecoin rose to a 24-hour high of $110.44. For those who were worried about Litecoin, I think their worries will soon be over. After Halving the market growth has started. I don't know if Litecoin will reach all-time highs this season. But do you think Litecoin can reach all-time highs this season or will Bitcoin hit all-time highs in the bull market after the halving?

[Essential10]

$104,45 on binance at the moment. +9,51% 24h

Litecoin bitchezz

Litecoin rose to a 24-hour high of $110.44. For those who were worried about Litecoin, I think their worries will soon be over. After Halving the market growth has started. I don't know if Litecoin will reach all-time highs this season. But do you think Litecoin can reach all-time highs this season or will Bitcoin hit all-time highs in the bull market after the halving?

Yes, I seen litecoin between $101.80 - $109.38 in the last 24 hours and a range of $85.23 - $108.96 over the weekend. I think Litecoin will take a lot more time to increase in value, especially since Litecoin is far from its past highs. Litecoin is pumping during Bitcoin's naturally bullish times. If the alt coins start to rally after the bitcoin halving then the litecoin will start pumping but I don't think they will touch their past highs when the bull run starts at the end of the year. It may take some time but I believe Litecoin will come back to its previous form very soon.