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Author Topic: Is LTC dead?  (Read 452 times)
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April 13, 2024, 04:26:02 PM
 #1

Once, Litecoin was a very famous coin and it was called "Digital Silver".
But nowadays, very few people talk about Litecoin anymore.

Is Litecoin dead in your opinion?
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April 13, 2024, 04:31:13 PM
 #2

It doesn't mean that when a certain coin is not being talked about, it's dead already but it's more like not relevant to the current trend or narrative that we have on the market. It's always about the narrative when it comes to being talked about.

You would consider it dead if there's no volume and no one is trading it anymore. It's not the case with LTC.

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April 13, 2024, 04:44:42 PM
 #3

I don't think LTC is dead if you check the google trends the search about LTC increases a bit, their GitHub page and developers are active they are still submitting commits and fixing some issues.

Check the news there are lots of news about LTC the only reason you didn't hear much about Litecoin it's because there are many projects that outperform Litecoin and new coins are more active than LTC but it doesn't mean LTC is dead or will be dead.

Check their current activity and news below

- https://sosovalue.xyz/trade/LTC-USDT-BINANCE

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April 13, 2024, 04:50:42 PM
 #4

Once, Litecoin was a very famous coin and it was called "Digital Silver".
But nowadays, very few people talk about Litecoin anymore.

Is Litecoin dead in your opinion?

Far from it.



Does it look like a dead coin to you?

It is the most preferred crypto on bitpay which is the post preferred payment processor. The stats in March isn't much different. LTC is still dominating crypto payments and it is the 5th month in a row. See it yourself: https://bitpay.com/stats/

Its price is a different story though. Price-wise it has been doing crap lately.

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April 13, 2024, 05:04:57 PM
 #5

You would consider it dead if there's no volume and no one is trading it anymore. It's not the case with LTC.
Even though the daily trading volume is ~$1,100,000,000 (seen on coinmarketcap), for me this project has long looked "half-dead".

Trading volumes are not the only indicator that determines the “liveness” of a project. How are things going with the technological development of this project? How long ago were the improvements made?

A project stops “living” as soon as it stops developing. Isn't that right?

Once, Litecoin was a very famous coin and it was called "Digital Silver".
But nowadays, very few people talk about Litecoin anymore.

Is Litecoin dead in your opinion?
The boom times of LTC are far behind and it is difficult for me to consider this project “alive”; the founder gets rid of all his litecoins (under the pretext of not having a conflict of interest with the project) and with the proceeds buys (attention) a traditional bank. For me, initially it looked as if the founder of this project was initially aimed only at earning easy money, and not at developing the project. This project was “stillborn” from the very beginning (imho).

Why do you need digital silver if there is digital gold?

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April 13, 2024, 06:29:57 PM
 #6

Is Litecoin dead in your opinion?

I wouldn't say Litecoin is dead, not by a long shot.  Sure, it might not make as many headlines nowdays as in the past, but for me it's still very much alive and kickin'.  I actually prefer using it for daily transactions rather than Bitcoin because the fees are so much lower.  and  Litecoin might not have all the glitz and glamor of some newer cryptos but for getting stuff done fast and on the cheap, it just works.

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April 13, 2024, 06:35:12 PM
 #7

Litecoin is still live and will still have market pumps but the concept is pretty much dead. People soon realized that "silver to bitcoin's gold" is such a dumb selling point that even I can't believe that I fell for that narrative back in 2016.

Still a good protocol for developers to test things out though.

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April 13, 2024, 07:20:13 PM
 #8

I don't think it's dead. LTC is one the most famous projects that is widely used for crypto transactions. It has a high processing power and speed of transaction. It's doing pretty well in the market also.

Now the question arises, why are people not talking about it? It's because I've heard that there is some technical issue going on with the projects and the developers are working on it. Moreover the meme coins have attracted the market so much that people don't want to be a part of long term growing on projects. We are focusing more on short term profits.

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April 13, 2024, 07:34:35 PM
 #9

I think the reason why you are viewing LTC as a dead coin is because you have not been seeing it on trending news like SOL and others are making front pages, but that's far from how you should grade a good and live coin. 
 
During the time when the bitcoin  network was congested, part of the coins were used by many to carry out their transactions since they also had a cheap rate and a high processing capacity in terms of speed. The project is alive and it's still widely used.

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April 13, 2024, 07:38:57 PM
 #10

in a time when tokenization is becoming common, LTC's popularity is getting slimmer.  it is still alive there used to be a big community in LTC with a forum but they shut down the forum so it's hard to say where they spend the LTC.

there was a discussion somewhere in the forum saying it is more logical to have LTC ETF than ETH since LTC is the same as BTC which is not considered a security. while many would agree to it, there are just more institutions that are filing ETH ETF.

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April 13, 2024, 07:43:52 PM
 #11

Based on the price history of LTC, the ATH was recorded in 2021, and since then till now, the price has not really been so encouraging for investors, but we cannot expect every coin to act in the same manner as Bitcoin or every other altcoin. Since the last ATH, the price has already dropped by 80%, but that doesn't mean the coin is dead. There are still a lot of investors and traders who are buying and selling LTC every day, and even some casinos accept deposits in LTC. Lite Coin is among the coins with a low transaction fee and fast transaction confirmation. Upon seeing this topic, it reminded me to check the coin price, which I did, and I also checked the unfilled orders, which you can see below. You will discover that there are many people who are buying this coin in quantity, and so many people too have unexecuted sell orders. LTC is not dead, though the price is not impressive, but if you are holding, you can just keep holding; maybe you're going to get impressed by the price one day. 


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April 13, 2024, 07:51:45 PM
 #12

Once, Litecoin was a very famous coin and it was called "Digital Silver".
But nowadays, very few people talk about Litecoin anymore.

Is Litecoin dead in your opinion?
As the value of the coins in crypto currency fluctuates. I can't call litecoin dead despite its value as a coin. Maybe the coin has been in a coma for a long time in terms of value, so the coin has gone into a coma. I think Litecoin still has a strong, solid foundation. Granted, litecoin isn't getting as much hype as some other projects at the moment. But I am optimistic, since the coin has been in the market for a long time and the market is likely to grow and develop in the future. It may take a little longer for the market to turn around.
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April 13, 2024, 08:15:04 PM
 #13

If LTC is not dead, do you think it is no longer traded on the exchange?
LTC is not dead, it's just that people don't think about investing in this coin anymore. I feel that this coin has experienced a dead trend because there is not much talk about it, LTC has been halving but it doesn't have any impact, or is it not a rally yet?

Now LTC is losing far to the new altcoins because the concept is different while many investors choose coins that are full of functions against their use, I don't know what the future is clearly not saving LTC assets.

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April 13, 2024, 08:25:22 PM
 #14

How do you define a dead coin? 

While Litecoin is certainly not as popular or widely-discussed as it once was, I would not call it dead by any means.  True, it doesnt generate the same excitement or headlines as in its early days.  But, it remains one of the top 20 cryptocurrencies by Market Cap Ranking.  And compared to other altcoins its transaction volume is still quite significant.  There remains an active, devoted community supporting the coin, in addition to developers continuing work to enhance the underlying technology. So, no! Not dead.

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April 13, 2024, 08:28:23 PM
 #15

Once, Litecoin was a very famous coin and it was called "Digital Silver".
But nowadays, very few people talk about Litecoin anymore.

Is Litecoin dead in your opinion?

It's still one of the preferred coin to make payments but as we all know investors give more attention to the price growth more than anything so it's buried under the trends after trends so you don't see much about it anywhere. LTC has potential to grow but still it's not good in terms of investment perspective.

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April 13, 2024, 10:27:56 PM
 #16

Once, Litecoin was a very famous coin and it was called "Digital Silver".
But nowadays, very few people talk about Litecoin anymore.

Is Litecoin dead in your opinion?
No.
Although its overall move is sluggish, it's not dead at all. It's still a good alternative for transfers and the community that it has established is still supporting it. That's why I don't think that litecoin is dead at all, and I don't think it will come to that point because just like Dogecoin, there's already a dear community that's supporting it no matter how sluggish and slow it moves.

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April 13, 2024, 10:32:10 PM
 #17

Once, Litecoin was a very famous coin and it was called "Digital Silver".
But nowadays, very few people talk about Litecoin anymore.

Is Litecoin dead in your opinion?

Not at all.  The problem is we are living in a crypto get rich quick time.  People would rather put their money into dogcatcowcoin than something that is technically superior to all of those "projects" combined.  Once all the dust settles on those fads people always come back to the viable projects.  Not dead just quietly moving forward.
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April 13, 2024, 10:48:14 PM
 #18

Just like pancakeswap, you need to know that many investors are removing their money and putting it in an investment that is going to give to profits within a space of time. No one ever cares about the utility of a token again. Many of the good crypto projects that was able to survive the market are not doing well like the way they used to. Many people are tired of putting their funds in a dormant tokens because it's going to take the ages before things is finally done that will help the project go bullish.

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April 13, 2024, 11:16:27 PM
 #19

Just like pancakeswap, you need to know that many investors are removing their money and putting it in an investment that is going to give to profits within a space of time. No one ever cares about the utility of a token again. Many of the good crypto projects that was able to survive the market are not doing well like the way they used to. Many people are tired of putting their funds in a dormant tokens because it's going to take the ages before things is finally done that will help the project go bullish.
We can survived in the market because we choose to stay with promising projects. The bullish season is harvest, we withdraw our gigantic profits and forever stay grateful for the steps taken. Investors no longer waste their precious time on projects that have been consider abandon, after this particular LTC project have made quite some good pumps in past years and I think it's time for these new projects to make theirs. Investors are not dormant but will be moving from one level to another inother to seek excellent outcome.

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April 14, 2024, 01:00:19 AM
 #20

Litecoin is not dead, but I believe it has had problems to establish new time highs and wake up the hype of the public for it's implied potential to be used widely as a faster version of Bitcoin. But the volume of commerce and trading suggest this is a an alternative currency which is very far from being dead or completely abandoned by either the public or exchanges.

If you want to know who a dead coin actually looks like, then you should take a look at shitcoins around the market and failed memecoins whose price through time get flat lined in a few months after launch, losing close to the 100% of their market value, leaving people holding the bags forever. Litecoin may not be as bullish as other coins which may have more to offer in terms of technology and smarth contracts, but it will never leave people holding the bags forever as shitcoins do.  Wink

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