Priceless Gems
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October 15, 2024, 09:55:13 PM |
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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). LTC is one of my always favorite altcoins, if you use a decent wallet the fees are literally well below a penny USD, so actually zero. Plus, it is usually pretty stable and can be good for trading when it finally moves.
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fikrett
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October 16, 2024, 06:46:18 AM |
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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). LTC is one of my always favorite altcoins, if you use a decent wallet the fees are literally well below a penny USD, so actually zero. Plus, it is usually pretty stable and can be good for trading when it finally moves. Do you think we will see it movin' in 2025?
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Abiky
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October 16, 2024, 11:17:21 PM |
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LTC is one of my always favorite altcoins, if you use a decent wallet the fees are literally well below a penny USD, so actually zero. Plus, it is usually pretty stable and can be good for trading when it finally moves.
Of course. It's even cheaper than Bitcoin Cash. I'd use LTC for payments anytime. For long-term wealth preservation, Bitcoin is the only answer. I sure hope LTC stays cheap and fast to use forever. Increased network activity will only lead to high congestion in the long run. Litecoin's TX capacity is far greater than Bitcoin's thanks to the reduced block time of 2.5 mins (compared to BTC's 10 min block time). It has the Lightning Network, and Mimblewimble for the privacy-oriented. An undervalued cryptocurrency, in my opinion. Perhaps, the launch of spot ETFs for Litecoin will increase demand in the long run? One can only imagine. With a limited supply of 84m coins, it would be dumb enough to ignore such a hidden gem. Just buy, "hodl", and forget about the rest.
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SmartGold01
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October 17, 2024, 04:53:14 PM |
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When bitcoin was in $64500 or so in 2021, litecoin got to $413 or so. When bitcoin got to all-time high in this year, litecoin increased to $112 or so. Bitcoin is at $65700 right now while litecoin is at $69.9.
If bitcoin can increased above $100 thousand, litecoin will also most likely increased above $100. But from what I have explained, you should notice that litecoin is not worth buying unlike in the past, just like many other coins that were created since 5 years ago.
Yes you are right but then, do we consider it a failed project or what? because from your explanation it seems that the price is declining when bitcoin tends to gain traction on the market. Most people do not consider it that way because they see it as coin that is alternative of transaction and I think have used then for transaction and it was far way very cheaper but never used it currently to perform any payment don't know if they had adjusted their fee as well or still less expensive for payment.
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sarmrakib
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October 18, 2024, 08:15:09 AM |
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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 $60 ish price range forever!
The ATH was 400$ avobe. So we expect a lot from LTC. We all know that LTC is a great potential project. Its an old coin of the market. We have seen it went along btc and eth for many days. Though ltc has downfall as the whole market fall had fallen badly. The price is around 70$ now at the moment and also it has good volume with marketcap. So it can be surely said that it has much and more potentially to go up and also it has great future. So we can get a lot hope for ltc. I am holding my fund and also trying to accumulate. Let's see how it react with the market.
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fikrett
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October 18, 2024, 05:12:50 PM |
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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 $60 ish price range forever!
The ATH was 400$ avobe. So we expect a lot from LTC. We all know that LTC is a great potential project. Its an old coin of the market. We have seen it went along btc and eth for many days. Though ltc has downfall as the whole market fall had fallen badly. The price is around 70$ now at the moment and also it has good volume with marketcap. So it can be surely said that it has much and more potentially to go up and also it has great future. So we can get a lot hope for ltc. I am holding my fund and also trying to accumulate. Let's see how it react with the market. Abiky said all the good about it (most of the good stuff  ), so, yeah. It's better to keep it on the radar going forward. Because it sure does have the potential.
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Wiwo
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October 19, 2024, 05:50:25 PM |
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Investors are beginning to lose appetite on old assets who have lost it potential in the market or altcoins that have already passed their glory days and at that buying them for future sake may not give you the same potential as like new coins in the market and that is why we can't predict or speculate their future for now regardless of how much bitcoin is worth in the future.
Having in mind that litcoin may not have that potential to reach it previous all time high even if bitcoin reach $100,000 or even above that price, so for sure we have more coins with great potentials that are much greater than that of litcoin.
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jaberwock
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October 19, 2024, 06:02:05 PM |
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The ATH was 400$ avobe. So we expect a lot from LTC. We all know that LTC is a great potential project. Its an old coin of the market. We have seen it went along btc and eth for many days. Though ltc has downfall as the whole market fall had fallen badly. The price is around 70$ now at the moment and also it has good volume with marketcap. So it can be surely said that it has much and more potentially to go up and also it has great future. So we can get a lot hope for ltc. I am holding my fund and also trying to accumulate. Let's see how it react with the market.
There is definitely some reasonable situation where we are going to see the current price go up eventually, getting to like four times higher than what we are dealing with right now will end up with a lot better situation and will end up with better results for sure. I know we are going to end up with results that will not be all that crazy at all. Just realize how LTC is a great coin and we are going to see how this is going to be something that we can deal with at the moment. This is why I believe we are going to see LTC price will be 400 dollars and do look like we are going to have that when the all time high happen here as well. Having "high" expectations will end up with a lot better situation and shouldn't really be worried at all, we are going to see hopes with this level.
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X-ray
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October 21, 2024, 01:56:50 AM |
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Investors are beginning to lose appetite on old assets who have lost it potential in the market or altcoins that have already passed their glory days and at that buying them for future sake may not give you the same potential as like new coins in the market and that is why we can't predict or speculate their future for now regardless of how much bitcoin is worth in the future.
Having in mind that litcoin may not have that potential to reach it previous all time high even if bitcoin reach $100,000 or even above that price, so for sure we have more coins with great potentials that are much greater than that of litcoin.
although that's true, we can't just shrug off the fact that litecoin is among the most widely adopted coin used for payment, I think this use case is the only use case that helps greatly litecoin in retaining its value, but nonetheless the fact that it lacks innovation will also making it lost its market share as the time goes. maybe it's time for Litecoin to have its L2 that enables smart contract capability? but I agree with you, investor losing appetite over old coin is real, so many old coin has been consistently losing their market cap over the course of the year, mainly because the nature of crypto market, always hyping up the new coin and abandoning the old one because the old ones deemed to yield less profit than the newer ones for investment.
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FortuneFollower
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October 21, 2024, 06:01:29 AM |
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Investors are beginning to lose appetite on old assets who have lost it potential in the market or altcoins that have already passed their glory days and at that buying them for future sake may not give you the same potential as like new coins in the market and that is why we can't predict or speculate their future for now regardless of how much bitcoin is worth in the future.
Having in mind that litcoin may not have that potential to reach it previous all time high even if bitcoin reach $100,000 or even above that price, so for sure we have more coins with great potentials that are much greater than that of litcoin.
although that's true, we can't just shrug off the fact that litecoin is among the most widely adopted coin used for payment, I think this use case is the only use case that helps greatly litecoin in retaining its value, but nonetheless the fact that it lacks innovation will also making it lost its market share as the time goes. maybe it's time for Litecoin to have its L2 that enables smart contract capability? but I agree with you, investor losing appetite over old coin is real, so many old coin has been consistently losing their market cap over the course of the year, mainly because the nature of crypto market, always hyping up the new coin and abandoning the old one because the old ones deemed to yield less profit than the newer ones for investment. Investors do be going into the projects sometimes for the hype only, even if their use cases sound good, they may be the same candy in a different wrapping. However, I do believe that LTC will shine in the long term.
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Abiky
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October 21, 2024, 07:45:07 AM |
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The ATH was 400$ avobe. So we expect a lot from LTC. We all know that LTC is a great potential project. Its an old coin of the market. We have seen it went along btc and eth for many days. Though ltc has downfall as the whole market fall had fallen badly. The price is around 70$ now at the moment and also it has good volume with marketcap. So it can be surely said that it has much and more potentially to go up and also it has great future. So we can get a lot hope for ltc. I am holding my fund and also trying to accumulate. Let's see how it react with the market.
$70 per coin is a bargain, tbh. Not even close to LTC's ATH. But if the market continues on a bullish trend, it's likely LTC will reach a new ATH soon. All eyes are on Bitcoin getting past $70k for the altcoin season to begin. No matter how high LTC will go, it'll always be faster and cheaper to use than BTC. A crypto of choice for daily payments among many people. It may well live up to its name of being "Silver to Bitcoin's Gold". I have to say the developer team needs to ramp up marketing efforts if they want people to notice all of Litecoin's benefits. For instance, LTC can be used for privacy-oriented transactions thanks to the Mimblewimble protocol upgrade. Only available on the Litecoin Core wallet software, though. I'm hoping mobile wallets get the feature for mainstream use of such privacy technique. And don't get me started on Litecoin's implementation of the Lightning Network. Who knows what surprises we'll find in the future?
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asriloni
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October 21, 2024, 08:19:53 AM |
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Investors are beginning to lose appetite on old assets who have lost it potential in the market or altcoins that have already passed their glory days and at that buying them for future sake may not give you the same potential as like new coins in the market and that is why we can't predict or speculate their future for now regardless of how much bitcoin is worth in the future.
Having in mind that litcoin may not have that potential to reach it previous all time high even if bitcoin reach $100,000 or even above that price, so for sure we have more coins with great potentials that are much greater than that of litcoin.
although that's true, we can't just shrug off the fact that litecoin is among the most widely adopted coin used for payment, I think this use case is the only use case that helps greatly litecoin in retaining its value, but nonetheless the fact that it lacks innovation will also making it lost its market share as the time goes. maybe it's time for Litecoin to have its L2 that enables smart contract capability? but I agree with you, investor losing appetite over old coin is real, so many old coin has been consistently losing their market cap over the course of the year, mainly because the nature of crypto market, always hyping up the new coin and abandoning the old one because the old ones deemed to yield less profit than the newer ones for investment. Investors do be going into the projects sometimes for the hype only, even if their use cases sound good, they may be the same candy in a different wrapping. However, I do believe that LTC will shine in the long term. It's caused by investors' perspectives starting to change. They're realizing that if smart money is always moving, it's going to the new, hyped cycle. They're going to hyped projects to get the tokens, then take huge profits on a short investment. They're not even interesting anymore in the old token. They don't want to get their money trapped in an old token with an outdated use case, like LTC. I see no reason for LTC to shine in the long term. It's an outdated token now. It's not attractive enough to attract the smart money to come. That's why an old token is always stuck at the same price. The hyped tokens pumped hard and hit new all-time highs.
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Abiky
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October 21, 2024, 10:03:00 PM |
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It's caused by investors' perspectives starting to change. They're realizing that if smart money is always moving, it's going to the new, hyped cycle. They're going to hyped projects to get the tokens, then take huge profits on a short investment.
They're not even interesting anymore in the old token. They don't want to get their money trapped in an old token with an outdated use case, like LTC. I see no reason for LTC to shine in the long term. It's an outdated token now. It's not attractive enough to attract the smart money to come.
That's why an old token is always stuck at the same price. The hyped tokens pumped hard and hit new all-time highs.
Of course. It's all about making money. And LTC doesn't bring that "excitement" as much as other coins. No NFTs nor "memes" of any kind, removes the possibility of speculating on LTC's market price. It really doesn't matter if investors choose other coins instead of LTC. As long as Litecoin remains useful, there should be nothing to worry about. I'd say LTC is one of the most decentralized and secure blockchains in the world. It's as close to Bitcoin as possible. At current market prices, LTC's fees are dirt-cheap. You can send money with it around the world for pennies (literally). If prices go up, it will be much more expensive to use LTC for daily payments. Developers are still working on the project, so I'm hopeful it will stand the test of time. I've heard rumors that applications for Litecoin spot ETFs will be submitted sometime in the future. Very bullish for the cryptocurrency if approved by government agencies. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected. 
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btc78
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October 22, 2024, 01:50:50 AM |
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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!
Not sure if this will be coming in the coming days or even years because this is hard to understand who will trust Litecoin in this status . Also LTC days are already gone long time ago so there are nothing to expect in literal way lol.
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bitgolden
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October 22, 2024, 03:33:23 AM |
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Reaching a high level for any coin is a tough deal when the market doesn't move up. Which means, if everything else goes up like that, like if btc moves up fifty percent and so does eth and bnb and ada and sol and ton etc etc etc, then yeah LTC will move up like that too and reach 100 dollars. However, if the market is not going up that much then we are not going to see LTC do crazy good neither, it will not be simple and we are not going to see these type of results.
So we need to be careful about this, and not have anything crazy going on neither, the results will not be same and the problems will continue to exists. This is why LTC can't be going up alone and we are not going to benefit just from LTC itself, the whole market should move together and we can benefit from everything then.
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FortuneFollower
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Merit: 24
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October 22, 2024, 05:31:09 AM |
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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!
Not sure if this will be coming in the coming days or even years because this is hard to understand who will trust Litecoin in this status . Also LTC days are already gone long time ago so there are nothing to expect in literal way lol. As it was said, all the prerequisites are here to see it boom, so only time will tell. The coin is good, the tech behind it is too, thus, good marketing or an entry-news to get it hyped for the community - and everything can happen 
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Abiky
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www.Crypto.Games: Multiple coins, multiple games
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October 22, 2024, 11:01:54 PM |
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As it was said, all the prerequisites are here to see it boom, so only time will tell. The coin is good, the tech behind it is too, thus, good marketing or an entry-news to get it hyped for the community - and everything can happen  Just wait until Litecoin spot ETFs become a reality for market prices to go all the way to the moon. At least, in the long term. It's likely LTC will reach $1k within the not-so-distant future. It won't be long before institutional investors notice Litecoin's inherent scarcity (only 84m coins). This makes LTC "Silver to Bitcoin's Gold" in every way. I'm not worried about LTC's market price. As long as it works as intended, there should be nothing to worry about. Usability and reliability is what matters most. LTC is faster and cheaper to use than BTC itself. It's also much more secure and reliable than other altcoins. There's no denying that. With how bullish the crypto market is right now, $100 per LTC seems feasible. Next target would be $500 all the way to $1k. I'd suggest you buy, "hodl", and forget about the rest. 
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FortuneFollower
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Activity: 658
Merit: 24
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October 23, 2024, 06:09:21 AM |
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As it was said, all the prerequisites are here to see it boom, so only time will tell. The coin is good, the tech behind it is too, thus, good marketing or an entry-news to get it hyped for the community - and everything can happen  Just wait until Litecoin spot ETFs become a reality for market prices to go all the way to the moon. At least, in the long term. It's likely LTC will reach $1k within the not-so-distant future. It won't be long before institutional investors notice Litecoin's inherent scarcity (only 84m coins). This makes LTC "Silver to Bitcoin's Gold" in every way. I'm not worried about LTC's market price. As long as it works as intended, there should be nothing to worry about. Usability and reliability is what matters most. LTC is faster and cheaper to use than BTC itself. It's also much more secure and reliable than other altcoins. There's no denying that. With how bullish the crypto market is right now, $100 per LTC seems feasible. Next target would be $500 all the way to $1k. I'd suggest you buy, "hodl", and forget about the rest.  Yeah, "common man's BTC" is there for sure, and the potential for it too. Thanks for a great convo and arguments towards it, even though it's only a possibility, I would want to believe in the bright future for LTC. It deserves it.
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Silberman
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Activity: 2716
Merit: 1397
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October 23, 2024, 10:36:14 PM |
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As it was said, all the prerequisites are here to see it boom, so only time will tell. The coin is good, the tech behind it is too, thus, good marketing or an entry-news to get it hyped for the community - and everything can happen  Just wait until Litecoin spot ETFs become a reality for market prices to go all the way to the moon. At least, in the long term. It's likely LTC will reach $1k within the not-so-distant future. It won't be long before institutional investors notice Litecoin's inherent scarcity (only 84m coins). This makes LTC "Silver to Bitcoin's Gold" in every way. I'm not worried about LTC's market price. As long as it works as intended, there should be nothing to worry about. Usability and reliability is what matters most. LTC is faster and cheaper to use than BTC itself. It's also much more secure and reliable than other altcoins. There's no denying that. With how bullish the crypto market is right now, $100 per LTC seems feasible. Next target would be $500 all the way to $1k. I'd suggest you buy, "hodl", and forget about the rest.  Litecoin is without a doubt one of the coins to watch for, its price is relatively cheap, its potential is high, and as you mention it is one of those coins that may get ETFs approved on the future, which could propel its price to incredibly heights, so it is not a bad choice to add to our portfolio as it is quite likely it could give us better returns during this bull run than what bitcoin could give us, because of this I think it makes sense to keep an eye on litecoin for the time being.
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betswift
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Activity: 742
Merit: 12
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October 24, 2024, 09:29:33 AM |
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As it was said, all the prerequisites are here to see it boom, so only time will tell. The coin is good, the tech behind it is too, thus, good marketing or an entry-news to get it hyped for the community - and everything can happen  Just wait until Litecoin spot ETFs become a reality for market prices to go all the way to the moon. At least, in the long term. It's likely LTC will reach $1k within the not-so-distant future. It won't be long before institutional investors notice Litecoin's inherent scarcity (only 84m coins). This makes LTC "Silver to Bitcoin's Gold" in every way. I'm not worried about LTC's market price. As long as it works as intended, there should be nothing to worry about. Usability and reliability is what matters most. LTC is faster and cheaper to use than BTC itself. It's also much more secure and reliable than other altcoins. There's no denying that. With how bullish the crypto market is right now, $100 per LTC seems feasible. Next target would be $500 all the way to $1k. I'd suggest you buy, "hodl", and forget about the rest.  Litecoin is without a doubt one of the coins to watch for, its price is relatively cheap, its potential is high, and as you mention it is one of those coins that may get ETFs approved on the future, which could propel its price to incredibly heights, so it is not a bad choice to add to our portfolio as it is quite likely it could give us better returns during this bull run than what bitcoin could give us, because of this I think it makes sense to keep an eye on litecoin for the time being. Sounds like a plan. LTC to the Moon, even though we will need to wait for quite a while, in my opinion, everybody can try to catch the wave by keeping some faith in it 
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