[Long Post] Litecoin is the next logical move, here's why.

[Rakkimaru]

TLDR: Litecoin ETF is a low hanging fruit & a logical move for Investment Management Companies.
Start stacking more now, front run them & HODL.

Below are some points/predictions which I strongly believe makes us very early and will see tremendous Litecoin growth potential in months to come.

Disclaimer: I am not a Litecoin lover(Don't fall in love with any coins) nor have I been with the Litecoin community for long. I believe the points listed below makes Litecoin a very suitable candidate for massive price appreciation in time to come. I'm here to share my observations, analysis and extrapolated outcomes for the coming months.

It is 2nd April 2024 today, and Litecoin is at $100.

Commodity Classification
CFTC recently classified Litecoin as a commodity
Edit: I can't post the news link, google it.
^This means SEC will not be a hard ass against Litecoin.

Similarities with Bitcoin
The technological layer similarities Litecoin shares with Bitcoin enables investment management companies to easily deploy familiar systems, security and processes when managing Litecoin ETFs.

Just another Financial Product
An Ethereum ETF which has a much larger market cap and popularity will likely generate higher AUM. BUT Investment Management companies don't really care much about the financial products they sell especially ETFs, they only care if people buy in so they grow their AUM (Asset Under Management). They make money on the AUM fees.

Easier approval than Ethereum
The entire crypto space has been gunning for an ETH ETF, I believe in time, it will come just not so soon. Ethereum ETFs will have a hard time because it was used heavily as a chain in previous cycles for MANY ICOs(Initial Coin Offerings).

Litecoin on the other hand, is well, like Bitcoin. An old dinosaur from the very early days, but this also means, it has already built a good mindshare in many people's mind. It is not an unfamiliar new coin/token with new tokenomics which is hard to understand. While it isn't sexy, but it's cycles are as predictable as Bitcoins each bull cycle.

Think about the number of Investment Management Companies currently doing Bitcoin ETFs. Could ANY of the executives in these companies have an inclination to do a Litecoin ETF after CFTC's filings?
1 single Litecoin ETF submission will be sufficient as a catalyst to increased accumulation.

We will see news about a submission in April 2024. Catalyst event.

Because of the above points, I believe we will see a Litecoin ETF sooner than an Ethereum ETF.

Current Price Action
The current Price Action of Litecoin is uncommon, we usually see the movements of Litecoin follow very closely with Bitcoin, but today (April 2, 2024) we see a strong recovery on LTCUSD and a breakout on the daily for the LTCBTC chart.

This means the bottom of LTC against BTC is already in. Positioning yourself in LTC will yield even higher ROI (Return on Investments) against holding BTC. I'm not advocating the sale of BTC for LTC, I'm saying, to accumulate LTC right now as institutions are accumulating.

The current price action, I believe, is also caused by insiders accumulating LTC. It is severely out of the norm for Litecoin to "depeg" from overall market movements.

This behaviour is only observed after CFTC's "Litecoin is not a commodity" news.

The Narrative
Bitcoin is to Gold, as Litecoin is to Silver. We've all heard this.
In the Chinese communities the common saying is 比特金，莱特银. Which essentially means the same thing.
In this cycle, we will see this exact narrative being replayed to new retail users learning about Crypto. These headlines will be in the news again, I'll bet on it.

The Motivation
Another narrative we will see, "If you've missed Bitcoin, get Litecoin."
Unless you've been in the crypto space since 2013 and amassed a comfy big bag of Bitcoin, Litecoin will be a tremendous opportunity moving forward. I've seen this being pushed in twitter ALOT, and I expect to see this in the news headlines too.

It is human nature to have a fear of missing out, and this(narrative) drives and tugs at that emotion.
That hope for a way to "built that generational wealth". Because nothing is better than selling hope to retail investors.

I welcome any constructive opposing views on my lengthy post. If you've made it here, thank you for taking the time to read this. I look forward to learning from everyone <3.

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[d5000]

I agree with most points. I'm not so sure about that "silver vs. gold" narrative but if it attracts some people, so be it.

For me, the most important point however is another one: Litecoin seems to be the cryptocurrency which was most used for payments in 2023. This is based mainly on data from payment processors like BitPay, where LTC overtook BTC some months ago. Some sympathisants of other altcoins try to install a narrative now that "Litecoin only is useful for payments" and "not for accumulation", but in my opinion for the long term evolution the fact that it's actually used for something is crucial.

Anyway, LTC is a solid, reasonably decentralized coin and it's possible that the LTC/BTC price which was bearish for several years now, is on a turning point. This means that it's also possible that LTC could outperform BTC in the coming months, like it did in early 2021. A new LTC ATH would mean a *4 in price, which seems quite distant now but in 2021 the growth in the last stage of the bull market was even steeper.

Of course "possible" does not mean it necessarily will happen. Everything is possible in the crypto market. But the recent price action could give LTC holders some hope.

CFTC recently classified Litecoin as a commodity
Edit: I can't post the news link, google it.

I'll add some links:

Litecoin Surges After CFTC Declares the Cryptocurrency a Commodity (Yahoo Finance)
Original CFTC complaint about KuCoin (the link in the Yahoo article doesn't lead to the correct document)

The recent filing of self-certified Coinbase LTC futures is also being seen as a move in this direction, as the CFTC seems to not have objected this move. They started trading on April 1 afaik.

[Yamane_Keto]

I agree with most points and it gives me an answer, even a partial one, why does LTCN keep rising?


Speculation on LTCN means that something will happen soon, either the price will explode up or down.

The updates made by LTC make it something that is constantly developing and not like Bitcoin, but one of these updates is the MimbleWimble upgrade, which is something that governments may not like or pass quickly.

The use of LTC for payments, lower fees and higher scalability will be the strengths of an approved ETF compared to many altcoins.

[d5000]

The LTCN growth is actually really interesting. There's a thread on Reddit about this phenomenon.

The NAV per share (basically, the value of the assets you buy when you buy one single share) of LTCN is currently 8,57$ as per its product page (1 share is 0.08585404 LTC), so a price of $44 would indicate that those buying LTCN at this price are pricing LTC at about $500.

While I don't doubt that LTC can reach this price (it was already close, it's 2021 ATH was slightly over $400), in the current situation (LTC at roughly $100) it looks quite insane, and I've to investigate more what the reasons could be.

In the Reddit comments it looks that they're responsibilizing the low supply of LTCN coupled with a high demand of (mainly conservative) investors to exposure to LTC or crypto in general, and it's true also that besides of the BTC ETFs there are relatively few other regulated crypto-based financial products. But why are they paying more than 4 times the current price? I feel I'm missing something ...

By the way: Litecoin futures at Coinbase are trading quite stable, near $100.

[btc78]

Bitcoin is to Gold, as Litecoin is to Silver. We've all heard this.

I do agree that litecoin is a good coin to hold and has really good potential for the upcoming future however I do not quite agree with this sentiment just yet. I think it would be much fitting to say that bitcoin is to gold as ethereum is to silver. That is just for now at least.

Another narrative we will see, "If you've missed Bitcoin, get Litecoin."

Heh there are way too many coins that claimed to have been the next bitcoin but failed to do so. Despite such potential, some coins never exceed the expectations of spectators.

[mindrust]

That's a great post. It almost has all the information I've been reading about litecoin lately and I agree with every point. That's why litecoin is my favorite crypto nowadays. Just look at the btc/ltc chart. It is at its all time low. LTC used to be worth 2.5% of a bitcoin and it is been going down since then but something different happened in the recent months which you forgot to mention but d5000 didn't.

Litecoin found a real base. That's indeed going to make a difference. People could have preferred doge or bch which are also cheap but they didn't. Litecoin has been dominating the crypto payments.

Litecoin is inevitable.

[Yamane_Keto]

The NAV per share (basically, the value of the assets you buy when you buy one single share) of LTCN is currently 8,57$ as per its product page (1 share is 0.08585404 LTC), so a price of $44 would indicate that those buying LTCN at this price are pricing LTC at about $500.

I already created a topic about it in ALTT but I couldn't find any answers. Comparing it with the ETHE Grayscale Ethereum Trust and the ETCG Grayscale Ethereum Classic Trust, what is happening with LTCN seems crazy. There is also some movement in DEFG at $40.00 and the NAV PER SHARE is $35.94, so something must happen with LTC.

https://www.grayscale.com/crypto-products

[jrrsparkles]

LTC is a great coin due to its lower fee, and faster confirmation but it still failed to attack investors in my opinion, whenever I look at its price chart the growth is very stagnant and is not appealing to someone who is looking for altcoins especially when meme coins are soaring high in its volatile. I would love to see LTC as the next BTC but I don't have any hope that it will become true.

[johnsaributua]

It's time to harvest including LItecoin, because the storage is long enough, Ltc to me is like a stable coin for several years. so do not hesitate to store long-term even in large quantities, even I bought a few weeks ago. I agree that coins are only for investment and not selfishly choosing them and spending all of them because of more expectations.

I admire ltc for its originality and the large community that uses it. There is indeed a twist that ltc when observed among the better altcoins is even more like bitcoin, indeed all types of coins have their own vision that is good and varied, but so far I am satisfied with the speed of confirmation and low fees. In addition, the price of ltc is quite good and maybe the community doesn't care, meaning that ltc so far there is no fud that attacks and runs as usual.

[Bureau]

Bitcoin is to Gold, as Litecoin is to Silver. We've all heard this.

I do agree that litecoin is a good coin to hold and has really good potential for the upcoming future however I do not quite agree with this sentiment just yet. I think it would be much fitting to say that bitcoin is to gold as ethereum is to silver. That is just for now at least.

It is a fork of Bitcoin and it is not like the other forks that came up because they said they were better than Bitcoin. I used to use Litecoin due to its low transaction fees earlier but I have stopped using it. I do agree that the possibility of the Litecoin ETF getting approved before Ethereum is a possibility. What will be fascinating to see is that will we see the same demand as we saw for Bitcoin ETF. I do not think the response would be that great as Bitcoin is gold and Litecoin is silver.

[Solosanz]

Litecoin only offer cheap fees in less decentralized coin, if Bitcoin can solve the scalability problem in more friendlier way or people can accept to adopt lightning network, there's nothing that Litecoin can win.

Litecoin might pump when SEC is accepting Litecoin ETFs, but it's more like a money grabbing for short term instead of holding for long term.

LTC is a great coin due to its lower fee, and faster confirmation but it still failed to attack investors in my opinion

Because Litecoin isn't the only coins that can offer cheap fees, so people can choose any coins.