Opinion on LTC as an investment?

[Abiky]

Charles Lee, the founder of Litecoin, believed the currency could be successful. However, he sold all of his stake in the project, citing a conflict of interest. Coupled with the lack of trust in his leadership team, this raises questions about why people should invest in Litecoin now.

At the same time, if anyone is looking for a good investment, Litecoin is definitely worth considering. It has become more popular in recent years and has a lot of potential for growth. It is also relatively affordable, making it a good option for people new to investing.

Well, I think what Charlie did was to make LTC more decentralized. He wanted to completely remove his influence on the project. And what better way to do that other than selling his holdings? At least we won't have to worry about Litecoin creator dumping market prices in the future. Now the project is 100% guided and owned by the community.

Since Litecoin is a tried-and-tested blockchain network, it's often considered as "Silver to Bitcoin's Gold". It's even scarce like BTC with only 84m LTC that will ever be mined. It makes sense to invest in this coin for the long-term. Even transactions are dirt-cheap and fast. Much better than BTC in this regard. With rumors of a Litecoin ETF application on the minds of a few institutional investment companies, you can bet prices will go to the moon soon. The future for Litecoin is bright, imo.

[Kavelj22]

Charles Lee, the founder of Litecoin, believed the currency could be successful. However, he sold all of his stake in the project, citing a conflict of interest. Coupled with the lack of trust in his leadership team, this raises questions about why people should invest in Litecoin now.

At the same time, if anyone is looking for a good investment, Litecoin is definitely worth considering. It has become more popular in recent years and has a lot of potential for growth. It is also relatively affordable, making it a good option for people new to investing.

Well, I think what Charlie did was to make LTC more decentralized. He wanted to completely remove his influence on the project. And what better way to do that other than selling his holdings? At least we won't have to worry about Litecoin creator dumping market prices in the future. Now the project is 100% guided and owned by the community.

Since Litecoin is a tried-and-tested blockchain network, it's often considered as "Silver to Bitcoin's Gold". It's even scarce like BTC with only 84m LTC that will ever be mined. It makes sense to invest in this coin for the long-term. Even transactions are dirt-cheap and fast. Much better than BTC in this regard. With rumors of a Litecoin ETF application on the minds of a few institutional investment companies, you can bet prices will go to the moon soon. The future for Litecoin is bright, imo.

Yes, Litecoin has the properties that make it a silver standard for cryptocurrencies and can be available for daily use with better performance than Bitcoin. However, the recent update to integrate the mimblewimble protocol has added an additional layer of protection to transactions on the network and made it possible to broadcast confidential transactions. As a direct result, some exchanges have decided not to integrate the update and list Litecoin as a privacy coin. Governments will not adopt privacy coins, so I do not expect ETFs to be approved anytime soon.

[d5000]

Well, I think what Charlie did was to make LTC more decentralized.

I'm a bit divided about Charlie's move to sell all his LTC. Charlie mined a lot of Litecoins, and some say that he had GPU farms before anybody knew that GPU mining was possible and considered that "unfair". For this reason, for a lot of time I wasn't comfortable with Litecoin. This "stealth GPU mining" made its coin distribution quite centralized for some time, a bit like a pre- or instamined coin.

But the sale of all coins at once also leaves a sour taste, because back then this was also seen as "foul play", like a team of a premined coin abandoning their ship. It would have been better if he sold them more slowly.

Anyway this was long ago and now LTC is free from the influence of Charlie's stack. I think this is also the reason why it went quite low in comparison to Bitcoin, but then was able to recover.

As a long term investment I think it is a risky choice but better than most other altcoins. It is one of the few bigger coins where no team has the capacity to dump the price into oblivion selling a premined stack -- because Charlie has already sold and there are (to my knowledge) no other big owners from LTC's starting phase. So while it may not be the best performing coin in this bull market I think it will continue in the top 30 or at most top 40. And in the mid to long term I could imagine it to return to the top 20 when premined coins run out of steam, as we see currently with ETH and SOL.

[Abiky]

Yes, Litecoin has the properties that make it a silver standard for cryptocurrencies and can be available for daily use with better performance than Bitcoin. However, the recent update to integrate the mimblewimble protocol has added an additional layer of protection to transactions on the network and made it possible to broadcast confidential transactions. As a direct result, some exchanges have decided not to integrate the update and list Litecoin as a privacy coin. Governments will not adopt privacy coins, so I do not expect ETFs to be approved anytime soon.

As far as I know, the "Mimblewimble" privacy feature is optional. Only available on the Litecoin Core wallet (Desktop). Exchanges can simply refuse to accept MW transactions. But not ordinary LTC transactions. There's nothing holding back Litecoin for ETFs to get approved by the SEC. I'd say the cryptocurrency is undervalued. Especially when the supply is limited to 84m coins. Hopefully, both retail and institutional investors realize LTC's benefits and jump on the train. Maybe Litecoin is poised to reach a new ATH soon?

I'm a bit divided about Charlie's move to sell all his LTC. Charlie mined a lot of Litecoins, and some say that he had GPU farms before anybody knew that GPU mining was possible and considered that "unfair". For this reason, for a lot of time I wasn't comfortable with Litecoin. This "stealth GPU mining" made its coin distribution quite centralized for some time, a bit like a pre- or instamined coin.

But the sale of all coins at once also leaves a sour taste, because back then this was also seen as "foul play", like a team of a premined coin abandoning their ship. It would have been better if he sold them more slowly.

Anyway this was long ago and now LTC is free from the influence of Charlie's stack. I think this is also the reason why it went quite low in comparison to Bitcoin, but then was able to recover.

As a long term investment I think it is a risky choice but better than most other altcoins. It is one of the few bigger coins where no team has the capacity to dump the price into oblivion selling a premined stack -- because Charlie has already sold and there are (to my knowledge) no other big owners from LTC's starting phase. So while it may not be the best performing coin in this bull market I think it will continue in the top 30 or at most top 40. And in the mid to long term I could imagine it to return to the top 20 when premined coins run out of steam, as we see currently with ETH and SOL.

I didn't know that LTC was pre-mined. Thanks for pointing that out. I'm glad Charlie got rid of his pre-mined coins for the benefit of the project. We could say Bitcoin is also "pre-mined" because Satoshi got a substantial amount of BTC before everyone else. There's a large portion of these coins dormant in Satoshi's wallets waiting to be redeemed anytime soon. If coins are sold across crypto exchanges, there would be a massive dip in market prices. Litecoin is safe from such a scenario. I sure hope it stays fast and cheap forever.

[Z_MBFM]

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's ATH was 413$ in 2021, at that time it was a very popular coin but slowly its price is only going down.  But still it is still in the top position in coin marketcap.  And LTC was the first successful coin to fork BTC, so investors still love it.  LTC could once again be in a good position if Bitcoin price is not manipulated.  So its current price is enough dip, so profit can be made by investing in LTC, but investing huge amount here would not be advisable.

[d5000]

I didn't know that LTC was pre-mined.

LTC isn't really pre-mined in the traditional sense. There were two or three "test blocks" which were instamined by Charlie or his friends indeed before publishing the code and connections, but they had the same reward than other blocks, so their incidence on supply is indeed comparable to Satoshi's blocks when he mined alone at the start of the Bitcoin project.

What I meant was however that Charlie (allegedly) mined with GPU when everyone else was mining with CPU and thinking that Scrypt was "immune" to GPU mining. This isn't technically even instamining, as nobody is required to publish the technology he mines with; current mining farms for sure have also a lot of "secrets" to optimize their result. But as Charlie was the creator of LTC and chose the Scrypt algorithm, it wasn't seen as totally fair.

I think while I don't approve Charlie's communication of these events (if they are true like the critics say), there is still a big difference between LTC and premined or instamined coins. Because Scrypt wasn't invented by Charlie, it was already invented in 2009, so everybody with knowledge in cryptography could analyze it and evaluate if GPU mining was feasible.

[Kavelj22]

Yes, Litecoin has the properties that make it a silver standard for cryptocurrencies and can be available for daily use with better performance than Bitcoin. However, the recent update to integrate the mimblewimble protocol has added an additional layer of protection to transactions on the network and made it possible to broadcast confidential transactions. As a direct result, some exchanges have decided not to integrate the update and list Litecoin as a privacy coin. Governments will not adopt privacy coins, so I do not expect ETFs to be approved anytime soon.

As far as I know, the "Mimblewimble" privacy feature is optional. Only available on the Litecoin Core wallet (Desktop). Exchanges can simply refuse to accept MW transactions. But not ordinary LTC transactions. There's nothing holding back Litecoin for ETFs to get approved by the SEC. I'd say the cryptocurrency is undervalued. Especially when the supply is limited to 84m coins. Hopefully, both retail and institutional investors realize LTC's benefits and jump on the train. Maybe Litecoin is poised to reach a new ATH soon?

Yes, it's an optional feature, so it wasn't removed from the delist campaign against privacy coins, and the platforms simply didn't integrate the update. I agree with you that Litecoin has many features that qualify it for a very good ranking compared to the best-performing cryptocurrencies on the market. A reliable, secure, and fully transparent network, supported by the entire community, it may have less popularity than many other cryptocurrency projects that are receiving attention.

Perhaps in the future, Litecoin will be able to return to the top of the list of cryptocurrencies, second only to Bitcoin. No one knows when this will happen, but I'm certain that day will come, even if it's not soon. Unfortunately, the vast majority of the crypto community is more interested in stablecoin projects than privacy coins.

[Coinhunter2020]

I think its not bad lately to observe Litecoins price development,.  It’s doing quite nice with today a price of $113 dollar

Yes, Litecoin has the properties that make it a silver standard for cryptocurrencies and can be available for daily use with better performance than Bitcoin. However, the recent update to integrate the mimblewimble protocol has added an additional layer of protection to transactions on the network and made it possible to broadcast confidential transactions. As a direct result, some exchanges have decided not to integrate the update and list Litecoin as a privacy coin. Governments will not adopt privacy coins, so I do not expect ETFs to be approved anytime soon.

As far as I know, the "Mimblewimble" privacy feature is optional. Only available on the Litecoin Core wallet (Desktop). Exchanges can simply refuse to accept MW transactions. But not ordinary LTC transactions. There's nothing holding back Litecoin for ETFs to get approved by the SEC. I'd say the cryptocurrency is undervalued. Especially when the supply is limited to 84m coins. Hopefully, both retail and institutional investors realize LTC's benefits and jump on the train. Maybe Litecoin is poised to reach a new ATH soon?

Yes, it's an optional feature, so it wasn't removed from the delist campaign against privacy coins, and the platforms simply didn't integrate the update. I agree with you that Litecoin has many features that qualify it for a very good ranking compared to the best-performing cryptocurrencies on the market. A reliable, secure, and fully transparent network, supported by the entire community, it may have less popularity than many other cryptocurrency projects that are receiving attention.

Perhaps in the future, Litecoin will be able to return to the top of the list of cryptocurrencies, second only to Bitcoin. No one knows when this will happen, but I'm certain that day will come, even if it's not soon. Unfortunately, the vast majority of the crypto community is more interested in stablecoin projects than privacy coins.

[Kavelj22]

I think its not bad lately to observe Litecoins price development,.  It’s doing quite nice with today a price of $113 dollar

In addition to be subject to bitcoin price movements, many technical factors such as breaking through key resistance or support levels play a role in the recent price movement of Litecoin, as do trading momentum and market psychology, which interact with news and technical developments within the Litecoin network itself. I did always consider Litecoin as a safe investment when compared to major altcoins.

It's also worth mentioning that Litecoin has been added among privacy tokens after integrating Mimble Wimble protocol. This maybe wasn't that good for Litecoin as a trading instrument because major exchanges refuse to update the network with the new integration. But it rises the need for it as a privacy coin.

[WillyAp]

It's also worth mentioning that Litecoin has been added among privacy tokens after integrating Mimble Wimble protocol. This maybe wasn't that good for Litecoin as a trading instrument because major exchanges refuse to update the network with the new integration. But it rises the need for it as a privacy coin.

Not really when you see the development of the stable coins, centralized, privately held. 
Circle, Tether show the enhanced privacy groups that they are a cringe movement.
  

[Kavelj22]

It's also worth mentioning that Litecoin has been added among privacy tokens after integrating Mimble Wimble protocol. This maybe wasn't that good for Litecoin as a trading instrument because major exchanges refuse to update the network with the new integration. But it rises the need for it as a privacy coin.

Not really when you see the development of the stable coins, centralized, privately held.  
Circle, Tether show the enhanced privacy groups that they are a cringe movement.
  

I am not sure what you mean by referring to Tether as a privacy token. As i know Tether is the most centralized cryptocurrency by nature.
In the actual market, Litecoin has proven to be one of the most stabilized cryptocurrency ever made. His price is flactuation as many other cryptocurrencies, but in terms of development and protocol solidity, it's the best one.

[JoyMarsha]

Check the price at which you bought each of the 18 Litecoins and compare it to the current price. Are you having satisfying profits? Your answer will tell whether you made the right decision to invest in Litecoin rather than Bitcoin.

I want to let you know, the chances of Litecoin getting above or reaching its ATH are slim. If Litecoin proves me wrong to reach or be above its ATH, you can imagined what price Bitcoin would be before that happens as altcoins follows Bitcoin movement.

Currently, you have $1890 worth of Litecoin($105 x 18) in your custody. If Litecoin should eventually increases close to its ATH, lucky you. If I am in shoes, I will not wait for that, I will sell off to have a diversified investment in other potential altcoins. It is not wise to have all hopes in one altcoin when you don't know their fate in the market.

[Balmain]

I don't think it will yield a higher return than Litecoin either. Bitcoin would at least be more secure, that's my opinion. Each investor has their own perspective and positions themselves accordingly. It's as if Litecoin's former popularity has faded, and this Litecoin has no real advantage. It's simply because it's old that it still has high volume and popularity. Transaction fees are lower and block times are shorter, but there are no projects working on Litecoin.

[Abiky]

Check the price at which you bought each of the 18 Litecoins and compare it to the current price. Are you having satisfying profits? Your answer will tell whether you made the right decision to invest in Litecoin rather than Bitcoin.

I want to let you know, the chances of Litecoin getting above or reaching its ATH are slim. If Litecoin proves me wrong to reach or be above its ATH, you can imagined what price Bitcoin would be before that happens as altcoins follows Bitcoin movement.

Currently, you have $1890 worth of Litecoin($105 x 18) in your custody. If Litecoin should eventually increases close to its ATH, lucky you. If I am in shoes, I will not wait for that, I will sell off to have a diversified investment in other potential altcoins. It is not wise to have all hopes in one altcoin when you don't know their fate in the market.

Litecoin has never been about the profits. At least, in the short-term. It's always been a "utility coin" from day one. An alternative to Bitcoin for those who want fast, and cheap transactions.

I know most LTC holders quickly panic sell when they see market prices falling. But those with "strong hands" will "hodl" no matter what. Patience is key towards seeing great results in the long run. I think that once Litecoin gets its own spot ETFs, market prices will skyrocket like crazy. It will probably reach a new ATH. I'd just buy, "hodl", and forget about the rest.

[TastyChillySauce00]

I don't think it will yield a higher return than Litecoin either. Bitcoin would at least be more secure, that's my opinion. Each investor has their own perspective and positions themselves accordingly. It's as if Litecoin's former popularity has faded, and this Litecoin has no real advantage. It's simply because it's old that it still has high volume and popularity. Transaction fees are lower and block times are shorter, but there are no projects working on Litecoin.

To be fair since it's not a blockchain that can host smart contract like ethereum it's to be expected that no project is working on it but the blockchain itself is pretty secure since they uses Proof of Work.
Litecoin also frequently being used for payment, remittance, etc. But if for investment though I'd choose bitcoin. No reason why should I choose something like litecoin over bitcoin maybe ever.

[WillyAp]

To be fair since it's not a blockchain that can host smart contract like ethereum it's to be expected that no project is working on it but the blockchain itself is pretty secure since they uses Proof of Work.

Non stop online, 100% uptime. are pretty good data to begin with.
I'm glad that litecoin's  trip into the Ethereum world just ended with the ethereum wallet.
Now Nexus is the new kid on the block.

Ethereum with their Gas prices fail to deliver. 

[henry_of_skalitz]

Not sure about LTC overal, however I just read an article saying that some famous youtuber bough a lot of it and expecting big returns: https://btcusa.com/youtuber-christopher-green-buys-100000-ltc-calls-litecoin-the-new-bitcoin/

I do need to go through the article, but I wouldn't put my faith on KOLers / streamers / etc. They do everything to hype the product or themselves.

[Abiky]

To be fair since it's not a blockchain that can host smart contract like ethereum it's to be expected that no project is working on it but the blockchain itself is pretty secure since they uses Proof of Work.
Litecoin also frequently being used for payment, remittance, etc. But if for investment though I'd choose bitcoin. No reason why should I choose something like litecoin over bitcoin maybe ever.

The thing about Litecoin is that you can use it almost anywhere. Most of the merchants who accept BTC as payment method, also accept Litecoin. But not Solana and the others. LTC also has a wide number of exchanges supporting it. Almost all of the exchanges have at least an LTC trading pair.

Litecoin is meant to be spent than hoarded over the long-term. It will always be fast, and inexpensive to use. The low market prices help keep LTC as cheap as possible for mainstream payments. For lasting profits, Bitcoin would be our only answer. I sense something big is coming for LTC after spot ETFs are approved. Just you wait and see.

[woez]

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 think what our senior Abiky said is factual, and it will happen. Don't participate in investments that use the name of LTC, like the mining platforms scattered across various websites and Telegram channels. They only want our money, regardless of whether you lose a large amount or just $100.

Yes, LTC is a coin that hasn't seen significant growth yet, either in terms of its ATH or price movement. When it reaches the point Abiky discussed, everyone will rush to buy because it already has real functionality. Yes, the shift will happen when it comes, and let's set aside some time for that.

[NodeMystic]

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 think your decision is absolutely right. Now a days LTC can mine by some crypto miners machine. It’s circulation supply is 76.5M and total supply is 84M and present market cap is 7.1B. Last 6/7 months all coin are so volatile but the LTC are stable. If the market cap goes to 50-70B then the price will be $600-700. It’s my personal opinion. Do your own research.