will LTC finally have a good run and go over $100!

[d5000]

This used to be the case. LTC reacted to bitcoin way more back in day, but here's a percentage comparison chart from tradingview, and that tells another story:

One can counter that argument with three reasons:

1) Bitcoin has had an exceptionally good early bull market these last two years. This can be probably attributed mainly to the US ETFs. Which are lacking at altcoins (with the exception of ETH, but on ETH they are another story, because of the "no staking allowed" problem which makes them less competitive)

2) As I already wrote in the last post, LTC tends to a "sleep in the early bull and then eventually explode" pattern. It is currently in the "sleeping phase", and of course we can't be sure that it will explode, but there's one thing for sure: it is still in a long term bull market if we consider "higher lows" to be the most important factor. Its "explosion" also occurred in altcoin seasons, and we haven't seen any of these (except some memecoin waves) since late 2022.

3) Already in the last bull market LTC performed a bit worse than Bitcoin. This is however not exclusive to LTC but to most other altcoins too. Those who survive a complete cycle in the top-50 (approximately) will very likely underperform compared to BTC in the last one. This even applies to the so much hyped Solana, which is still only at slightly over half of its ATH of $260.

And saying it's old sounds like it's the only good fundamental it has.

I agree about that, but the good fundamentals are the transaction count and the general very good-looking usage stats, see my last post.

It was just a fair launch, but so many coins have fair launch.

Actually not many coins in the top-100 on Coingecko or CMC had a fair launch. The only ones are: Doge, LTC, XMR, and with a lot of good will Kaspa. I am tracking them in this list (updated irregularly), or directly in this Coingecko portfolio.

[o48o]

It was just a fair launch, but so many coins have fair launch.

Actually not many coins in the top-100 on Coingecko or CMC had a fair launch. The only ones are: Doge, LTC, XMR, and with a lot of good will Kaspa. I am tracking them in this list (updated irregularly), or directly in this Coingecko portfolio.

That's why i continued: "No one just wanted to develop them for free." Because as you know, before icos and tokens, there were mostly only PoW coins (Pos was in experimental phase). And by most of them just didn't go anywhere, because they were hobby projects without funding (or scams). And if we think that today's markets are too saturated with new tokens to form communities without money, i think that in early days, markets were saturated as well, but just for smaller group of people.

Even those TOP 100 coins that are fair launch, have rich developers, or some kind of treasury worth something, (excluding doge, as that doesn't even need development and marketing was community volunteering), so that they can hire developers or even marketing if they wanted to.

[d5000]

That's why i continued: "No one just wanted to develop them for free."

Ah, I understand your point better now, thanks for clarification.

Yes, these coins were of course mostly launched by miners with good CPU or GPU equipment, Litecoin included. And early miners indeed got rich, like Charlie Lee as the best example.

The fact that a coin like LTC could however sustain a good development pace, updating its code regularly to the newest Bitcoin features like Taproot, and with own features like MimbleWimble and Extension Blocks which aren't present on Bitcoin, shows that its general health is quite good.

What it misses is however currently to "score points" in the "attention economy" category. The Litecoin Foundation seems to spend some money to marketing but of course premined blockchains, where a lot of tokens were allocated to a "Foundation" or "Treasury" already at the start, are at a huge advantage in this point, because they have relatively freshly printed coins to distribute for marketing efforts. LTC's foundation is probably fueled by a few early adopters and some new donations.

I guess also the current price weakness (fall from about $100 to about $60-70) could have been partly caused not only by the Bitcoin weakness but also because of decrease in popularity of the Ordinals protocol, which was quite popular on LTC for some time and might have fueled some (irrational, because it's not really a good protocol) hope in early 2024.

So I would recommend the LTC community to focus on some new development in areas which can really benefit from the low transaction fees. Here I've recently proposed to port simple smart contracts (DLCs) to LTC. I also think a direct P2P on- and offramp solution in the style of Bisq (which doesn't support LTC<->Fiat afaik) would increase its attractivity.

[rodskee]

i have been holding LTC for a long time and it went uphill and then crashed again! I bought at $39, and then later at even $100 when i saw a huge jump and crash .. back and fourth but after 2022, there has been no significant changes in prices, even when i can literally spend it online to buy almost anything! Since ltc have a use case and widely used due to its lowest fee and quicker transaction time, is there any chance it breaks $100 barrier once and for all and finally able to go up to a suitable price point? or it will stay afloat at this $60 ish price range forever!

You should have changed to another altcoins that holding this long because litecoin is not getting any better now and still falling each year .

Litecoin has struggled over the past year and this year so far, but there are signs that it could rise above $100 or more by the end of 2024. This two digit assets often see a boost since they’re seen as more attractive to buyers. In the past, Litecoin had more use cases, but now there are many other options that draw investors’ interest. Litecoin has its reasons for market downturns, but hopefully, we’ll see better results in the coming days.

\100$? that is not even 1/4 of the ATH lol .

[FortuneFollower]

i have been holding LTC for a long time and it went uphill and then crashed again! I bought at $39, and then later at even $100 when i saw a huge jump and crash .. back and fourth but after 2022, there has been no significant changes in prices, even when i can literally spend it online to buy almost anything! Since ltc have a use case and widely used due to its lowest fee and quicker transaction time, is there any chance it breaks $100 barrier once and for all and finally able to go up to a suitable price point? or it will stay afloat at this $60 ish price range forever!

You should have changed to another altcoins that holding this long because litecoin is not getting any better now and still falling each year .

Litecoin has struggled over the past year and this year so far, but there are signs that it could rise above $100 or more by the end of 2024. This two digit assets often see a boost since they’re seen as more attractive to buyers. In the past, Litecoin had more use cases, but now there are many other options that draw investors’ interest. Litecoin has its reasons for market downturns, but hopefully, we’ll see better results in the coming days.

\100$? that is not even 1/4 of the ATH lol .

It depends on the faith put into it, though, you are right that LTC wasn't that good for the recent time at least: however, as it was said, with the right developments and improvements it can be talked about more in the future and the community is not dead at all - LTC has the potential to be better in the future both market and technology wise.

[jcojci]

I am not sure if LTC can breaks $100 barrier in a short time but could happen in the next altcoin season which we don't know when. If you believe LTC can increase, you should hold until the price rise. If you bought LTC when the price $39, you are now make a nice profit. But if you want more profit, you should hold it for more although we don't know how long you can hold. I have a feeling when Bitcoin can increase more than $100,000 in the next bull run, that can impact to altcoin including LTC so the price can be more than $100 again. But that is just my prediction and you should research for more.

[bitterguy28]

i have been holding LTC for a long time and it went uphill and then crashed again! I bought at $39, and then later at even $100 when i saw a huge jump and crash .. back and fourth but after 2022, there has been no significant changes in prices, even when i can literally spend it online to buy almost anything! Since ltc have a use case and widely used due to its lowest fee and quicker transaction time, is there any chance it breaks $100 barrier once and for all and finally able to go up to a suitable price point? or it will stay afloat at this $60 ish price range forever!

That long time ismore than enough to realized that you are in the wrong altcoin mate , Litecoins good days have long gone and no  more chance for this to regain its best price(not unless being pump and dump)
better to purchase a coin that has better future like Binance and Cardano .

this cannot even recover to 100$.

[fikrett]

i have been holding LTC for a long time and it went uphill and then crashed again! I bought at $39, and then later at even $100 when i saw a huge jump and crash .. back and fourth but after 2022, there has been no significant changes in prices, even when i can literally spend it online to buy almost anything! Since ltc have a use case and widely used due to its lowest fee and quicker transaction time, is there any chance it breaks $100 barrier once and for all and finally able to go up to a suitable price point? or it will stay afloat at this $60 ish price range forever!

That long time ismore than enough to realized that you are in the wrong altcoin mate , Litecoins good days have long gone and no  more chance for this to regain its best price(not unless being pump and dump)
better to purchase a coin that has better future like Binance and Cardano .

this cannot even recover to 100$.

Why a coin with a good use case and overall community can't get over the barrier, and a meme can?
I do think that it's possible, you just gotta have some skin in the game going for LTC.

[justdimin]

One thing I have observed about LTC is that it tends to grow quite explosively in altcoin seasons, but trade a bit "meh" in the rest of bull markets. This can be seen in the chart @Yamane_Keto posted before. It tends to really rise only when Bitcoin enters its final "euphoria" phase.

I can only speculate about a reason. Perhaps it loses in the "attention economy" in the early to mid bull market to premined coins with a higher marketing budget and more "hype potential". Then in the late bull market, when most of these coins are already overvalued (and their founders start to dump) people remind LTC.

It may also be the case that a BTC/USD increase, even if LTC/BTC is slightly declining like in the last months, helps to increase the LTC/USD price to a point where finally a significant higher high or another TA "milestone" is reached, and then the LTC price is able to "explode".

Of course we can't predict if such an "explosion" will again occur. Fundamentals look good however - LTC's transaction activity and also the active addresses are about a third to half of Bitcoin's and double those of 2023 even if the price hasn't moved much. See also these charts, where LTC captures a quite high share of many indicators - with the exception of market cap, hinting that it is "systemically undervalued" for some reason.

One of the bigger reasons is because of familiarity, people know about litecoin, while other coins and tokens are not always as much known as litecoin, we know what litecoin is about. So when it comes to bull period, we see everyone flock to what they know, and litecoin goes up a lot at times because of this reason. We can't predict if it will explode, but we know it will do fine, with a bull run, if bitcoin is going up a lot, then litecoin is a coin that will do fine along with it as well, most probably.

Not a lot of projects can say there is a direct connection, most projects could crash if something goes wrong, litecoin had many periods where things went wrong for it but did alright and still surviving after this much time.

[Silberman]

I am not sure if LTC can breaks $100 barrier in a short time but could happen in the next altcoin season which we don't know when. If you believe LTC can increase, you should hold until the price rise. If you bought LTC when the price $39, you are now make a nice profit. But if you want more profit, you should hold it for more although we don't know how long you can hold. I have a feeling when Bitcoin can increase more than $100,000 in the next bull run, that can impact to altcoin including LTC so the price can be more than $100 again. But that is just my prediction and you should research for more.

It may not happen soon but we need to ask ourselves if it will happen at all? And I think the answer is most likely positive, after all the ATH of litecoin is above 400 dollars and bitcoin is yet to experiment the bull run that we know that is coming, so even if litecoin was only able to touch its previous ATH, that could be more than enough to produce massive profits for anyone holding it long term or for someone that could be interested in diversifying their portfolio.

[bitterguy28]

i have been holding LTC for a long time and it went uphill and then crashed again! I bought at $39, and then later at even $100 when i saw a huge jump and crash .. back and fourth but after 2022, there has been no significant changes in prices, even when i can literally spend it online to buy almost anything! Since ltc have a use case and widely used due to its lowest fee and quicker transaction time, is there any chance it breaks $100 barrier once and for all and finally able to go up to a suitable price point? or it will stay afloat at this $60 ish price range forever!

That long time ismore than enough to realized that you are in the wrong altcoin mate , Litecoins good days have long gone and no  more chance for this to regain its best price(not unless being pump and dump)
better to purchase a coin that has better future like Binance and Cardano .

this cannot even recover to 100$.

Why a coin with a good use case and overall community can't get over the barrier, and a meme can?
I do think that it's possible, you just gotta have some skin in the game going for LTC.

Lol that is what I actually mean here 

Litecoin is nowhere to go and to provide because this is nothing but a near to die coin , memecoin? lol a BS investment unless you are looking for an easy money but an easy loss as well .

[fikrett]

Lol that is what I actually mean here  

Litecoin is nowhere to go and to provide because this is nothing but a near to die coin , memecoin? lol a BS investment unless you are looking for an easy money but an easy loss as well .

What I meant is the fact that, if a meme can rise in a matter of a week before lying dormant for a year or two, why do LTC, with good core ideas, community, and etc. do the same one day?
I wasn't talking about LTC being a meme or investing in memes.

[Priceless Gems]

I have a moderate amount of LTC and the price has stalled quietly for a long time now. At some point LTC/USD will be easy to go higher when BTC flies above the current ATH. The real question is LTC/BTC will it have a major move up any time soon? If not, you are effectively losing some of your potential BTC stash as time goes by.

[d5000]

I have a moderate amount of LTC and the price has stalled quietly for a long time now. At some point LTC/USD will be easy to go higher when BTC flies above the current ATH. The real question is LTC/BTC will it have a major move up any time soon? If not, you are effectively losing some of your potential BTC stash as time goes by.

This is probably the reason why LTC stagnated in the last months. LTC (and other altcoin) hodlers saw that the Bitcoin price was going up significantly due to the ETF rumours since late 2023, and then after the final ETF introduction in the US in January 2024. Many have probably taken profits in the region around $100 and then invested them into BTC which looked healthier, and the LTC price dropped again.

Now what will happen in the future with the LTC/BTC market? That's of course quite difficult to predict, and I will also not try to shill anything.

In my opinion everything depends if the LTC/BTC market is generally in an equilibrium, where price swings do happen but are not significant -- this would mean that the current lower LTC/BTC price is caused by short-term speculation, like the profit taking/"riding the BTC wave" I mentioning above. This would mean that eventually the LTC/BTC market would be oversold, i.e. everybody who wanted to sell their LTC to buy BTC would have sold, which would allow demand to take over the market again and rise the LTC/BTC price.

Alternatively LTC could have a serious adoption problem, i.e. the growth of LTC users would be systematically slower than the growth of BTC users. This would justify a decrease of the LTC/BTC price.

I however am quite more fond of the "equilibrium" theory. The reason are simply the statistics I posted several times here. Litecoin is used more for transactions every year, it's the leading payment coin, its development is healthy, and there is an interesting synergy with Dogecoin which is merged mined and provides additional security.

Some stats which show that market cap is the only indicator where LTC really lags behind other major coins:



Source BitInfocharts (these images are from a few weeks ago, but the current ones look very similar, simply follow the link).

[jcojci]

I am not sure if LTC can breaks $100 barrier in a short time but could happen in the next altcoin season which we don't know when. If you believe LTC can increase, you should hold until the price rise. If you bought LTC when the price $39, you are now make a nice profit. But if you want more profit, you should hold it for more although we don't know how long you can hold. I have a feeling when Bitcoin can increase more than $100,000 in the next bull run, that can impact to altcoin including LTC so the price can be more than $100 again. But that is just my prediction and you should research for more.

It may not happen soon but we need to ask ourselves if it will happen at all? And I think the answer is most likely positive, after all the ATH of litecoin is above 400 dollars and bitcoin is yet to experiment the bull run that we know that is coming, so even if litecoin was only able to touch its previous ATH, that could be more than enough to produce massive profits for anyone holding it long term or for someone that could be interested in diversifying their portfolio.

If it happen, that will gives the investor big profit although not as big when the ATH of litecoin is above 400 dollars. So Litecoin could be one of many hidden gems to those investors who still search for the coin.

The price of Litecoin now is not too high and if we see the trend in the market, it seems Litecoin could be down if Bitcoin price down for more. So that can be a good time to accumulates Litecoin at a lower price.

That will be good if somehow Litecoin could only touch previous ATH. But the investors want to see the price will increase more than last ATH. I imagine if 1 Litecoin can be at $1k

[Abiky]

We can't technically know exactly what will happen, but it is following bitcoin quite close. Which means, when bitcoin goes over 100k, then we can see LTC going over 100 dollars as well, not that impossible. I always believe that LTC is not given the attention it deserves, I believe that it should be fourth biggest cryptocurrency, and it deserves much higher marketcap but for some reason people are not interested in it too much, which is confusing.

I mean this is the second good coin we got after bitcoin was created, there were some terrible tries like namecoin and what not, but litecoin was the second ever to do a good job, so it should be around without a doubt. I hope it grows, and gets better ranking eventually as well.

Litecoin has always been under the radar of mainstream investors and traders alike. It's widely unpopular, especially because it doesn't bring any innovation to the crypto/Blockchain space. By innovation, I mean smart contracts, NFTs, L2s, and whatnot. It's as simple and close to Bitcoin as it gets. Suprisingly, it's one of the coins with the most trading pairs on the market. It also has high liquidity and trading volume.

Can LTC reach $100? Yes. But not on its own. Only a massive bull market triggered by BTC will help it reach such valuation. I would've expected more from a coin that often proclaimed itself as "Silver to Bitcoin's Gold". With a limited supply of 84 million units, LTC should've been in the thousands by now. At least, the LTC blockchain is alive and running as usual. Tried and tested, unlike Solana and the rest of the other "shitcoins". Who knows how far will it go?

[d5000]

Litecoin [...] doesn't bring any innovation to the crypto/Blockchain space. By innovation, I mean smart contracts, NFTs, L2s, and whatnot.

While you're somewhat correct this is not entirely correct. Litecoin is the first major coin which has implemented Extension Blocks, which is a kind of L2 very similar to a sidechain, but "tied" very closely to the layer-1. Extension blocks were discussed in the scaling debate in 2016/17 for Bitcoin. LTC uses extension blocks for the MimbleWimble (MWEB) feature, but it can also be considered a scaling mechanism.

Suprisingly, it's one of the coins with the most trading pairs on the market. It also has high liquidity and trading volume.

This has probably mostly traditional reasons. LTC was used widely since the first big altcoin boom in 2014 to trade small coins with values per unit close to a satoshi. And LTC, as its unit isn't so pricey, can offer more granularity - if you have a coin priced at 2 sat for example, then if trading with BTC you would likely have a bid at 1 sat and the ask at 2 or even 3 sat, which would mean that the bid is only half or even a third of the ask Not to mention coins with values below a satoshi, which could not have been traded for BTC (without introducing a sub-satoshi unit locally at the exchange).

[bitterguy28]

Lol that is what I actually mean here  

Litecoin is nowhere to go and to provide because this is nothing but a near to die coin , memecoin? lol a BS investment unless you are looking for an easy money but an easy loss as well .

What I meant is the fact that, if a meme can rise in a matter of a week before lying dormant for a year or two, why do LTC, with good core ideas, community, and etc. do the same one day?
I wasn't talking about LTC being a meme or investing in memes.

well still the point is if Litecoin will act like meme then that proves one thing and this is that Litecoin is also now a pump and dump currency.

While I am not a fan of memecoin then I will not also using litecoin the same way.

lets stay away to currencies that will not give us great return in the coming years?  holding ? this is for me a nonsense way of treating investments .

[FortuneFollower]

Lol that is what I actually mean here  

Litecoin is nowhere to go and to provide because this is nothing but a near to die coin , memecoin? lol a BS investment unless you are looking for an easy money but an easy loss as well .

What I meant is the fact that, if a meme can rise in a matter of a week before lying dormant for a year or two, why do LTC, with good core ideas, community, and etc. do the same one day?
I wasn't talking about LTC being a meme or investing in memes.

well still the point is if Litecoin will act like meme then that proves one thing and this is that Litecoin is also now a pump and dump currency.

While I am not a fan of memecoin then I will not also using litecoin the same way.

lets stay away to currencies that will not give us great return in the coming years?  holding ? this is for me a nonsense way of treating investments .

If you don't have the skin going for LTC - sure, you can leave it.
But as the d5000 said, even though the coin isn't mainstreamed and used that widely currently, it does have potential, and what it means for us is that it would have potential not only in use cases but also as a potential investment. That's my view on it. Thanks for your thoughts.

[fikrett]

I have a moderate amount of LTC and the price has stalled quietly for a long time now. At some point LTC/USD will be easy to go higher when BTC flies above the current ATH. The real question is LTC/BTC will it have a major move up any time soon? If not, you are effectively losing some of your potential BTC stash as time goes by.

As d5000 and other members said, the potential is there, so, only time will tell.
I do hope and wish LTC all the best