Opinion on LTC as an investment?

[CorvoAttan0]

What's your opinion on LTC as a long-term investment? I don't have an insane amount of LTC (around 18 ltc) so I thought I should just keep it since putting it into something like BTC wouldn't give me that big of a return, although it would be a bit less risky.

[Charles-Tim]

I thought I should just keep it since putting it into something like BTC wouldn't give me that big of a return, although it would be a bit less risky.

The price of litecoin in May 2021 was $413. The price of litecoin today as I was about to post this was $111. Litecoin will not likely get to all-time high in this bull run.

Bitcoin price in November 2021 was $69000. Butcoin got to over $104000 recently. Its price is $98000 presently.

[Sebas.tian]

What's your opinion on LTC as a long-term investment? I don't have an insane amount of LTC (around 18 ltc) so I thought I should just keep it since putting it into something like BTC wouldn't give me that big of a return, although it would be a bit less risky.

If that is what you want among all the altcoins, you can go ahead and make LTC your choice, because the price is still very good for investors to invest and hold for short term before releasing them for sale. You have a choice to make on this, I will advice you to make Bitcoin a long term which I know it will going to give you a huge amount of income but it will be difficult for LTC to create such opportunity for you to achieve such huge amount of income in the long term. There is a big risk in anyone you choose to invest your funds, because holding for long term before you can sell your coins is a risk, because you don't know what will happen next in that process of holding the coins.

[pooya87]

Generally speaking altcoins are not suitable as investments, specially for long term since they have no potential for any kind of natural growth due to being useless.

What's your opinion on LTC as a long-term investment? I don't have an insane amount of LTC (around 18 ltc) so I thought I should just keep it since putting it into something like BTC wouldn't give me that big of a return, although it would be a bit less risky.

It is very easy to answer this question for old altcoins that have been around for many years, so there is a very long chart you can look at.
Against dollar : https://coinmarketcap.com/currencies/litecoin/
Against bitcoin: https://www.coingecko.com/en/coins/litecoin

I personally like to use 2017 as a point of reference because it was the ATH of everything followed by a bear market followed by the recovery phase followed by bitcoin bull run.

• Bitcoin reached $20k then the bubble popped and price fell down to $3k and then recovered and today it is worth $100k
• Litecoin reached $320 then the bubble popped and price fell down to $20 and then recovered but got dumped again and today it is only worth $110
• Against bitcoin LTC reached 0.02 back in 2017 but it crashed and continue crashing till today that it is worth only 0.001 BTC

From these ups and downs it is very clear that altcoins are NOT long term investments. They are however excellent for short term profit making. For example you could make a huge profit from LTC pump a couple of years ago. But if you became a bag holder of LTC, you would have lost money over time as it continued dumping.

But when it comes to bitcoin, it is a fantastic long term investment since as we can see despite all the ups and downs the final price is ALWAYS higher. The bubble peak back in 2017 was $20k and even if you had bought in the bubble, you still could have made 5x profit!

[markm]

It is possible it might work fine for long term "market making" style trading, my "huge columns of buy and sell offers" strategy.

But I have not actually tried that; BTC/XLM is my first venture into using that strategy on a relatively high-volume pair.

I chose BTC/XLM for my first such venture not only because I already hold both as buy-sides for other things but also because I noticed it was a relatively volatile pair that once I have it set up looks like it will seldom or ever have even a day during which it does not vary enough to "take" at least one of my buy or sell offers and actually fairly frequently has not only been taking more than one offer but taking from both my sell column and my buy column.

I never even look how LiTeCoin is doing in BTC/LTC, but if it varies decently (aka is volatile) there is probably no reason it wouldn't work.

But you'd be investing in that trading, not in long term value of litecoin, which as pointed out above is miserable compared to bitcoin.

Pretty much anything is miserable long term vs bitcoin, which is part of why my strategy, applying it to pairs against bitcoin, has historically worked so well for me.

Basically I am not planning on my sell-side coin having better growth of value than bitcoin but, rather, my buy-side column of offers in the pair, at least twice as "dense" as my sell side column of offers (especially toward the bottom) being an accumulator I can "thin out a little" from time to time to cash out some of the bitcoin.

Historically over more than a decade the result has been ongoing income varying from year to year as my coins get more and more lost in the ocean of alternatives all splitting the potential audience/customer-base among them diluting them all, and ever-growing stockpiles (some say "bags") of the sell-side coin, which is good for my Galactic Milieu game since it likes and needs "bags" of stuff to build up its repertoire of assets to play with. By means of its "treasuries" system whereby it can calculate relative values without having to depend upon the massively inefficient spot markets it finds good use for lots of ancient coins, though LiTeCoin like DOGE is one it avoids for philosophical reasons (it uses the two original scrypt coins so never really had much if any use for LiTeCoin even though it does display it for comparison purposes in its Latest Rates include file along with BTC and NMC as example "not treasuries-based" assets).

Basically the strategy can let me earn a bit more than I could just plain holding the bitcoins, and historically has done so well enough that all the many exchanges flying by night and claiming to have been hacked and so on have just been a cost of doing business leaving oodles of profit even after taking their bites out of the profits, earning me income-in-bitcoins while also building up stockpiles of assets for use in the game, so for me it has been a great strategy, very successful over very long term.

Due to the way the sheer volume of trade in many/most of the game assets has been diluted year by year I only last year began trying it on a higher volume aka more popular pair, which isn't actually as fast moving as my now-unpopular ones were way back when there were only 30 to 100 or less crypto assets in existence to choose from thus way way way less dilution.

With my BTC/XLM pair it worked well last year but not fast enough for me to build its buy-side (the bitcoin side) all the way down, so when the price of XLM in BiTCoins tanked it fell off the bottom of my buy side offers column leaving me "out in the cold" until hmm I think about a month or so ago now maybe a tad longer, when price of XLM finally climbed back up to reach the bottom of my sell offers column, which I had not been able to follow price downward with during the tank due to the bottom of my column of buy offers having been eaten up the price continuing lower below where I had buy offers in place from which to continue making new sell offers following the tanking downward.

BTC/LTC might work well enough, I just am not interested in LTC. Not sure what my next spreading out into high volume high volatility pairs will end up being but LTC is just not really of interest to me I'd be looking at other options even if in reality BTC/LTC turns out actually to be a great candidate based on volume and volatility.

This last month or so of my BTC/XLM being back in play has already let me complete my buy side column so next tanking will not leave me out in the cold, and to build the sell column a fair bit higher against the possibility of being left out in the cold in the upwards direction, so I am almost ready to start using the strategy's tendency to build "bags" of the sell side to enable feeding the buy-sides of my assets on the Stellar platform with growing amounts of XLM which will ultimately benefit all the assets the game has on Stellar.


-MarkM-

EDIT: I guess for this strategy the question would be whether LiTeCoin is a coin you have a good use for "bags" of in your overall plans...

[hugeblack]

I will give you short answers:

Is it a profitable investment? Yes.
Is it the best investment available? No.


It is true that litecoin is a good currency, but the features it offers are available to many cryptos. comparing to crypto Bitcoin fees are cheap, it does not provide privacy like Monero, this privacy may cause low trading volumes and does not support smart contracts like Ethereum and Solana.

In short, there is a lot of competition, so the price is very cheap, but who knows, it may be a good alternative considering POW coin.
The best advice is to invest in Bitcoin and when you make profits, you can use it to buy ~5% litecoin

[Pandorak]

What's your opinion on LTC as a long-term investment? I don't have an insane amount of LTC (around 18 ltc) so I thought I should just keep it since putting it into something like BTC wouldn't give me that big of a return, although it would be a bit less risky.

I am not so sure about LTC as a long-term investment, but i am confident that its rise will give you that big of a return when altcoin season happens, although i don't know if this altseason will happen or not, many say that altseason will happen next year. However, you need to realize that it is not good to put a large amount of money in one asset, i suggest setting aside half in Bitcoin, because i think is quite safe even though it still has risks, but if you say for long-term investment, then Bitcoin is the answer and the safest.

[$crypto$]

On the contrary, investing in LTC will not give a big profit seeing the movement is quite slow especially still far from the previous ATH, but I think Bitcoin is more realistic with big profits.

But I don't know how far LTC will go up during this bullrun, maybe you will have different reasons with me at this time, because I prefer to invest in btc rather than LTC which has no progress, even though I see the monthly chart increasing more than 40% more.

[EarnOnVictor]

What's your opinion on LTC as a long-term investment? I don't have an insane amount of LTC (around 18 ltc) so I thought I should just keep it since putting it into something like BTC wouldn't give me that big of a return, although it would be a bit less risky.

LTC was my most cherished crypto asset because my broker allowed it then when crypto wasn't as popular as this and it helped me save money so much. But today, it's not so relevant and I did not even remember it again until you brought it how. This is as it has disappointed the high hopes of many. For being an imitation of Bitcoin, people thought it would at least do similarly to what Bitcoin does but the reverse is the case. Also, LTC is still very far from its ATH of about $420 from the current price of about $109, which shows that it cannot hit so high this bullish season even as the bearish season is fast approaching. Avoid your investment depreciating again.

[Krishna1942]

Most people using as a crypto payment mediator because of low fees and fast transaction. I think it will give good returns in long term don't expect aggressive returns from it.

[WillyAp]

Have a look here:

As the cryptocurrency trend keeps expanding globally, more and more people are now embracing crypto-investment for instance buying cryptocurrencies. Among hundreds of cryptocurrencies available on the market now, Litecoin is one of the crypto-coin which is quite popular among investors.

The creation of Litecoin has been closely related to Bitcoin. While the true identity of the creator of Bitcoin, Satoshi Nakamoto remains an unsolved puzzle, Charlie Lee, the creator of Litecoin lived a very active life on various social media platform and his blog. As a former Google employee, Charlie devoted himself in a quest to fulfil his vison of creating a lighter version of Bitcoin(BTC).

Since the functions of Litecoin are almost identical with Bitcoin, the primary difference between them are the cost of transactions, which is only around 1/50 of the size. Due to the vast difference in price, Bitcoin often being seen as gold for its storing value and long term purpose and Litecoin on the other hand was seen as silver. This is because Litecoin is more suitable for day-to-day use and transaction due to its more rational pricing and it often seen as having a more sustainable future than Bitcoin(BTC). Another really cool thing about Litecoin is that since its value is closing related to the demand of the coin on currency exchange site such as Coinbase, GDAX and Bitfinex, a shopping platform with product constantly changing price as a reflection of the value of the accepted coin is possible to be envisioned.

Besides the monetary value, the differences between Litecoin and Bitcoin can be discovered through mining. Both bitcoin and Litecoin are generated through mining and a key difference between them is that Litecoin only needs 2.5minutes to generate a block as opposed to 10 minutes from Bitcoin. Besides, Bitcoin and Litecoin utilises different work algorithm. The SHA-256 algorithm in Bitcoin can perform calculation at a much higher efficiency using parallel processing. Litecoin however, uses scrypt (pronounced as “script”) algorithm, which is an algorithm incorporating the SHA-256 algorithm but are more serialised.

To gain a deeper and more comprehensive understanding on Litecoin, here is a PDF of Litecoin Whitepaper attached for reading purpose. We have also included a Youtube video about the creation of Litecoin.

https://cryptoverze.com/litecoin-whitepaper/

As Bitcoin its a P2P Network and not used for trading.

get payed with LTC. If the price is $100 und you get 3 Coins, you can wait and sell the coin at $110.


The video:

https://www.youtube.com/watch?v=Le5ByHtssnc&t=64s

[sunsilk]

What's your opinion on LTC as a long-term investment? I don't have an insane amount of LTC (around 18 ltc)

If Bitcoin is the gold of this market, it's been said once upon a time that Litecoin was the silver. So, it's up to you whether you'd consider LTC or ETH to be the silver of this market.

But utility-wise, LTC is also cheap in the transaction fees so the use case is there and the community that it has built is staying up to this moment.

so I thought I should just keep it since putting it into something like BTC wouldn't give me that big of a return, although it would be a bit less risky.

People always think that putting money on Bitcoin won't give them such returns, you might want to rethink that. But it's up to you if you don't want to but we always advise to pick at least some Bitcoins for your portfolio while keeping those LTCs.

[DeathAngel]

There are better cryptocurrencies to invest in than Litecoin but there are lots worse. If you bought today for example, I think you would at least treble your investment within 12 months but like I said, there are better cryptocurrencies to invest in. As a long term investment though I would not be interested in it.

[itorai]

On the contrary, investing in LTC will not give a big profit seeing the movement is quite slow especially still far from the previous ATH, but I think Bitcoin is more realistic with big profits.

But I don't know how far LTC will go up during this bullrun, maybe you will have different reasons with me at this time, because I prefer to invest in btc rather than LTC which has no progress, even though I see the monthly chart increasing more than 40% more.

Yes, indeed, the movement of LTC is fairly slow, from the fundamentals affecting the price of LTC that occurs, even though users and investors assess all its movements before entering and that's what happens, by investing in LTC is still done by many people who believe in it, even though by looking at the overall market sentiment it is the best thing to do.

[CorvoAttan0]

There are better cryptocurrencies to invest in than Litecoin but there are lots worse. If you bought today for example, I think you would at least treble your investment within 12 months but like I said, there are better cryptocurrencies to invest in. As a long term investment though I would not be interested in it.

Like what? I was thinking about trading it for Eth for long term instead since LTC has an iffy future.

[markm]

There are better cryptocurrencies to invest in than Litecoin but there are lots worse. If you bought today for example, I think you would at least treble your investment within 12 months but like I said, there are better cryptocurrencies to invest in. As a long term investment though I would not be interested in it.

Like what? I was thinking about trading it for Eth for long term instead since LTC has an iffy future.

If I actually had any LiTeCoin I would use it on FreiXlite exchange not simply to pick up DeVCoins cheap but to actually build up DeVCoin there using my usual huge columns of buy and sell offers strategy.

If history still rhymes that would tend to build up my reserves ("bags") of DeVCoins while also from time to time allowing me to "thin out" out the buy-side (the LiTeCoin) offers to take some LiTeCoin out as profit or maybe even to spread to more pairs on FreiXlite, as I know the Frei exchanges carry interesting old coins so maybe their lite side offers more than just DeVCoins as possibly interesting coins.

(I know for example their bitcoin exchange, FreiExchange, carries IXC and I0C that I have been into for a long long time and also, I think, things like UNObtainium that I probably would have added to my merged mining had I not phased out of mining about the time that I noticed it. It might have gosh knows what other cool ancient coins, haven't really looked yet for more options. It might even have SYScoin?)

I could of course in theory just send some actual DeVCoins over to FreiXlite to get started but not interested enough in LiTeCoins to bother.

It might take a lot of time because trades on the Frei exchanges aren't particularly frequent but might not take much actual doing to "ratchet" DeVCoin back up to where they might be able to turn back on its BTC/DVC pair on their main exchange, which it bottomed out of upon falling below one actual bitcoin-satoshi per DeVCoin.

The longer term possible "gotcha" with DeVCoin is its main current leader could if it does go up a lot turn back up its minting, which I would hope would be well planned and with good plans for how to keep its value up if minting was increased but historically DeVCoin seems to have had a history of throwing its minted coins at stuff that didn't really help or support it...


-MarkM-

[TastyChillySauce00]

why don't you just settle with BTC? because seeing from the price performance alone you'd see BTC keep breaking ATH while LTC keep getting far away from ATH, investing in LTC as of now just doesn't make any sense at all.
you'd either settle with the best of the best like bitcoin or risky altcoin that's recently deployed just to tap into their potential of ATH.

LTC on the other hand, it's not the best yet it's not the newest either therefore lacking big institutional investor and lacking attention from retailer.

just can't wrap around using LTC as investment, though there's still a chance that litecoin might go up because recently people rotate their BTC to old alts for alt season. though now BTC dom increases again.

[Platinumys]

There are few reliable coins among other coins in the market and LTC will definitely have an important position in the list of reliable coins. This coin makes the market reliable because other coins enter and disappear from the market in this coin market but we have not noticed anything like that. We do not see much volatility in the market of this coin so this coin can definitely be relied upon.

[maydna]

Why would you invest in Litecoin when you have Bitcoin as the best investment you have? I think that is a personal decision so we cannot force you to leave Litecoin as your investment. Litecoin can be your investment but not for a long term because Litecoin will follow Bitcoin price. Perhaps you can only use Litecoin as an investment for a short or medium term. When the price reaches the new ATH, you can sell it and take your profit. Litecoin can give you profit but we don't know when you can sell it so be careful with your decision. It is better you use your money to invest in Bitcoin for a short, medium, and long term but we always suggest to hold Bitcoin for a long term.

[Dr.Bitcoin_Strange]

If there is one thing I know about altcoins, I know that they usually shows different price actions during every bull season. It's possible to invest into an altcoin now with the hope that the price might pump so well on the long run but it might end up not performing the way you expected it and you don't even know when it will surge high again. So, I don't think I will hold LTC as a long term investment, depending on the price movement, I could decide to hold the coin for a short term.