the future of Litecoin

[Taskford]

Looking at the charts, I don't see how is Litecoin acting different from the rest of the market so it's probably not going anytime soon back to those levels, unless Bitcoin sees the 100k mark, or the ATH again.

I do however think that Litecoin seem to be losing its popularity compared to the previous year. Everyone seem to be focused on either BTC, or Monero.

Litecoin will always stay in the top altcoins due to it's spotless history as well as the compatibility with Bitcoin, which allows for decentralized and non-custodial swap (atomic swaps).

If Bitcoin ever figures out the issues with fees and transaction speeds, then it will be lights out for Litecoin. Or at least mostly lights out.

But it was never really all that popular in the first place. As far as I see it, it has stayed more or less the same in popularity.

The foundation of Litecoin is so solid and built for many years. That's the reason why it remains to be on top even if it didn't get much hype nowadays.

I think Litecoin became a good option or alternative choice for transaction when Bitcoin network fee surge.

Even if it didn't got much into discussions at the moment but crypto users knows that there's Litecoin which  also good coin to acquire.

[Abiky]

thanks for the reply but for the centralised exchanges to not accept private LTC deposits that's a lame excuse. ZEC is listed literally everywhere. ZEN, Decrede, Dash, hell even Monero is on Kraken.
I reckon it's just Litecoin team can't be bothered by anything anymore.

You do have a point there, mate. I guess Litecoin developers are to blame. They should ramp up marketing/PR efforts to increase awareness of Litecoin's features. There are many people who aren't aware about LTC's optional privacy mechanism (Mimblewimble). Besides, the feature is limited to the Litecoin Core node software. Mobile devices and other third-party software don't provide such functionality (AFAIK).

Given that Litecoin is a very unpopular coin, I wouldn't expect it to reach higher prices in the short-term. Maybe in the future, but I doubt it. At least, Litecoin works well as "digital cash". That should be more than enough for everyday crypto users, right?

[shinratensei_]

thanks for the reply but for the centralised exchanges to not accept private LTC deposits that's a lame excuse. ZEC is listed literally everywhere. ZEN, Decrede, Dash, hell even Monero is on Kraken.
I reckon it's just Litecoin team can't be bothered by anything anymore.

You do have a point there, mate. I guess Litecoin developers are to blame. They should ramp up marketing/PR efforts to increase awareness of Litecoin's features. There are many people who aren't aware about LTC's optional privacy mechanism (Mimblewimble). Besides, the feature is limited to the Litecoin Core node software. Mobile devices and other third-party software don't provide such functionality (AFAIK).

Given that Litecoin is a very unpopular coin, I wouldn't expect it to reach higher prices in the short-term. Maybe in the future, but I doubt it. At least, Litecoin works well as "digital cash". That should be more than enough for everyday crypto users, right?

Last time I got interest with litecoin again was because LitVM, even then i need to do some digging to find the info. They really need to ramp up their marketing otherwise everybody will forget it even exist.
The biggest disadvantage old altcoin have is their community become bored and don't bother to talk about it anymore and that generates lesser community reach. On the other hand I prefer if they do marketing the right way unlike Polkadot.

[Localhostspeed]

Hello forum. What do you think about this coin? Will the rate at least return to 70? Or has everyone forgotten about LTC?

Do you know what they called old glory? That's exactly how I see lite coin has been over the years. There is nothing promising about them than the slogan they used in the past, it was created like other coins that wanted doing competition with Bitcoin and as Bitcoin more successful there wasn't any plan to make them feel special, that's why the coin hasn't really gotten any value over the years apart from the halving it does have like Bitcoin.

If you are buying and think there could be magic in the future, it's possible but don't it might be something unusual that toy don't expect because I have noticed that when a coin has good background, even though there is no much believers, one day it's going to have their moment. Last 3 months, many privacy coins has their moment when nobody expect to see the price, I believe one day too lite coin will grow onto something better.

[Findingnemo]

Litecoin or LTC used to be at the top 10 marketcap ranking for very long then there is different trends came into the altcoin market and scattered the investors into thousands of coins and now many of them are holding useless tokens. Litecoin still got the potential and real use case but as OP said people are not interested in it anymore so you may consider other options if you really focus on the returns rather than the use case here.

[dansus021]

Its a tricky question if you want to talk about the price I dont think litecoin gonna seek its peak this year or another year the last litecoin hits All time high is 5 years ago and this year like previous year I didnt see any altcoin season come by. If see the past 50 USD per litecoin is dirt cheap but we dont know is this real litecoin bottom or can be further down.

If we talked about current development and roadmap in my opinion is just basic altcoin maintenance by the dev and nothing much there is a big key like MWEB Privacy Adoption, Lightning Network Integration and LitVM a layer 2 of litecoin, U.S. Spot ETF Approval and Merchant Adoption by the paypal.

[Emitdama]

Litecoin or LTC used to be at the top 10 marketcap ranking for very long then there is different trends came into the altcoin market and scattered the investors into thousands of coins and now many of them are holding useless tokens. Litecoin still got the potential and real use case but as OP said people are not interested in it anymore so you may consider other options if you really focus on the returns rather than the use case here.

The thing is, a lot of useless coins went above and below litecoin, and yet litecoin stayed around the same place, because others passed again. So if a coin goes above litecoin, then another goes below and litecoin stays around the same place. It is having hard time cracking into top 20, sometimes it gets close, sometimes it goes a bit lower, but it stays right around that level.

Last I checked if I remember correctly it was 22nd or 23rd and that's where the level it has been a long time. I honestly expected it to do better, sad to see it not doing any better. Like being 10th wouldn't be shocking, it is good enough to do something like that and I expected it to do something like that as well but it failed to get high like that.

[Abiky]

If we talked about current development and roadmap in my opinion is just basic altcoin maintenance by the dev and nothing much there is a big key like MWEB Privacy Adoption, Lightning Network Integration and LitVM a layer 2 of litecoin, U.S. Spot ETF Approval and Merchant Adoption by the paypal.

It's better something than nothing. Many of the old coins listed on the market are doing even worse than Litecoin. At least, Litecoin is staying relevant by making some modern improvements. The LitVM integration will make Litecoin ready for the "De-Fi" world. As for the Lightning Network, I don't think it's necessary. Especially when Litecoin already has low fees and fast confirmation times. With low on-chain network activity, why would anyone bother switching to the Lightning Network?

At the time of this writing, 1 Litecoin is worth $55. Talk about being undervalued. Hopefully, it goes to the moon in the future. I'd pay close attention it, just in case.

[m2017]

It's better something than nothing. Many of the old coins listed on the market are doing even worse than Litecoin. At least, Litecoin is staying relevant by making some modern improvements. The LitVM integration will make Litecoin ready for the "De-Fi" world. As for the Lightning Network, I don't think it's necessary. Especially when Litecoin already has low fees and fast confirmation times. With low on-chain network activity, why would anyone bother switching to the Lightning Network?

Why compare LTC to half-dead old coins? This is about investments. If we're talking about profit, then we should compare it to coins that have generated profits (greater than LTC). "Freezing" your money in LTC for an unknown period isn't profitable (there's no guarantee that this investment will pay off), and it's better to get rid of this asset and buy an asset that is truly valuable from an investor's perspective and will generate profit (even something like ETH or BTC. While it may not generate a huge return, it do generate consistent returns, which is certainly better than LTC).

At the time of this writing, 1 Litecoin is worth $55. Talk about being undervalued. Hopefully, it goes to the moon in the future. I'd pay close attention it, just in case.

This speaks volumes about the uselessness of this asset. It may turn out that this "goes to the moon" will be negative growth and reach zero (or approach it). I would dump LTC and forget about this investment like a nightmare, focusing on other truly valuable projects that are relevant from an investor's perspective. Why waste time on shitcoins? For the sake of near-zero hope?

[Delaforetnoire]

I’ve noticed that Btc has grown quite well over the past few days, while Ltc doesn’t seem to be following the trend..

It's normal and you know that LTC will not always follow the same trend as BTC.
Sometimes they may move in the same direction at the few time but there is always some difference between them.

[justdimin]

I’ve noticed that Btc has grown quite well over the past few days, while Ltc doesn’t seem to be following the trend..

It's normal and you know that LTC will not always follow the same trend as BTC.
Sometimes they may move in the same direction at the few time but there is always some difference between them.

Difference will always be there as we do not expect these coins to reach bitcoin's financial value. Co-relation between bitcoin and these coins will only be in terms of percentage wise growth or the trend pattern. You can identify the pattern with altcoins if you are able to identify the current trend with bitcoins. That is one of the most important part of study for me which makes me analyse bitcoins before I can even think about investing in altcoins.

Bitcoins will somehow drive the market so it is really important to study bitcoins before we can make any other decision about investing in altcoins. Moving in same direction means these altcoins do follow bitcoins even if they are not directly linked. I guess most of the crypto markets follow bitcoins so analysing bitcoin market has always stayed a priority for me.

[kawetsriyanto]

Hello forum. What do you think about this coin? Will the rate at least return to 70? Or has everyone forgotten about LTC?

Since the bull run in 2021, LTC's condition has declined drastically. Not only its price, but also its liquidity and, of course, its market cap. Looking at its current position, this coin is only ranked 21st, with a rate of $56. Imagine, it's already more than 86% down from its ATH. So, personally, I'm still not entirely convinced that this coin can successfully rebound.

However, I'm hearing that an ETF for this coin is likely. If so, this could help boost the price again, although the chances of surpassing the previous TAH are also very slim. But at least it can return to $150, which is something I'm very grateful for.

Given that Litecoin is a very unpopular coin, I wouldn't expect it to reach higher prices in the short-term. Maybe in the future, but I doubt it. At least, Litecoin works well as "digital cash". That should be more than enough for everyday crypto users, right?

It was actually a very popular coin, a top coin at the time. It even became an alternative for transfers at the time, when fees for BCT transfers were very high on certain platforms. Unfortunately, the project couldn't keep up with updates and couldn't maintain its position. As time went on, the project was largely abandoned.

[allthebitandbobs]

Litecoin is losing it's value over time. People are now looking for alternatives instead of litecoin as that hype has already derailed. Litecoin was supposed to be the fastest and cheapest coin to transfer which increased the demand at the initial stage but now, we can see there are a number of alternatives which somehow disrupts litecoin market. I think that is the reason why we do not see litecoin in multiple portfolios now. Litecoin already lost it's demand so I would personally not continue investing because the entire market might collapse in the near future.

If you still want to hold a portion of litecoin in your portfolio than I would suggest you be extremely cautious and keep watching bitcoins as litecoin will eventually follow bitcoins. If you are still open for suggestions, you can consider some other coin which has an increasing demand over time.

[dansus021]

—snip—

It's better something than nothing. Many of the old coins listed on the market are doing even worse than Litecoin. At least, Litecoin is staying relevant by making some modern improvements. The LitVM integration will make Litecoin ready for the "De-Fi" world. As for the Lightning Network, I don't think it's necessary. Especially when Litecoin already has low fees and fast confirmation times. With low on-chain network activity, why would anyone bother switching to the Lightning Network?

At the time of this writing, 1 Litecoin is worth $55. Talk about being undervalued. Hopefully, it goes to the moon in the future. I'd pay close attention it, just in case.

Yes I am agree 100% with you, this is actually better than do nothing. As you have said earlier, I also found a project that basically didn't have movement from price, community, or the dev. I would prefer project where volunteers tell their community to shut down rather than go without any trace.

We all know that Ethereum Virtual Machine is paving the traditional finance into Decentralized finance and because of this LitVm is needed so the developer from EVM didnt change much their code to deploy on Litecoin layer2.

Personally, I also do DCA for litecoin because LTC actually has felt many of the bear market haha and is still strong.

[BitGoba]

Hello forum. What do you think about this coin? Will the rate at least return to 70? Or has everyone forgotten about LTC?

As with all shitcoins that were created after Bitcoin, they are all scam. Almost all of them have a premine and large amounts that the founders and insiders kept for themselves so they could dump them on the market.
Charlie Lee, the founder of Litecoin, sold all of his premined coins back in 2017. A few months ago, I came across his interview where he practically admits the scam and admits that there was no real point in creating Litecoin.
Today, Litecoin is not decentralized because nobody runs a node, or if someone does, very few people do dozens or hundreds at most. The hashrate is also very small.
Today on Twitter there was news that it was under a 51% attack and that coins were stolen.

https://x.com/AlexAuroraDev/status/2048087271262318795

The only real thing is Bitcoin. Everything else is just a scam and a distraction. Bitcoin is the only one that makes sense and the only one that will survive in the long run.

Study Bitcoin. Study what money is.

[Iranus]

The only real thing is Bitcoin. Everything else is just a scam and a distraction. Bitcoin is the only one that makes sense and the only one that will survive in the long run.

I agree with you that only Bitcoin is real, everything else is just a distraction, temporary. However, our purpose in participating in the market is to make money and profit, not to join a cult.

Therefore, if there is an opportunity and potential for profit, and you are willing to accept the risk. It would be unwise to hold yourself back just because of those rigid prejudices.

Bitcoin is real, but let's face the reality, it is not the only thing that exist and generates profit in this market.

[sergiorus]

Successful 51% attack on Litecoin - Price remains stable.

https://u.today/litecoin-shares-update-on-zero-day-exploit-what-happened

Relative strength or the market had already priced it as a zombie chain?

[Abiky]

Successful 51% attack on Litecoin - Price remains stable.

https://u.today/litecoin-shares-update-on-zero-day-exploit-what-happened

Relative strength or the market had already priced it as a zombie chain?

Wow. Never thought the day Litecoin was going to get "hacked". I mean, Litecoin is a tried-and-tested blockchain network. It's much more reliable than those newer altcoins trading on the market today. I guess Litecoin's problem was the lack of community support. Without a considerable amount of miners and nodes backing it, the network will ultimately become vulnerable against external attacks. It's a good thing developers rolled out a patch, though. It could've been worse.

Perhaps, the best way forward is to turn Litecoin into a Bitcoin sidechain. Only then, it will be able to gain the security benefits of BTC. The community will ultimately decide the future of the project. We'll see what happens...

[Mpamaegbu]

It's excruciatingly sad. I've been waiting for at least a little growth for almost a year now so I can get out of this game...

A year isn't even a long time to get depressed on a coin that's still maintaining patronage. I've hedl for close to four years now, expecting it to get back to half of its ATH of $400+. If it ever gets to $250, that will be a great place.

Before its launch, Litecoin had a Massive Presence Here. I know a lot of users didn't think much of it then, judging from comments on that thread. Today, or in 2021, there must've been lots of tears of regret not keying in that early.

Anyway, for me, I'm still hopeful it will get back up but maybe not to its ATH. However, if it dips to $30; I'm definitely getting some more.

[sergiorus]

Successful 51% attack on Litecoin - Price remains stable.

https://u.today/litecoin-shares-update-on-zero-day-exploit-what-happened

Relative strength or the market had already priced it as a zombie chain?

Wow. Never thought the day Litecoin was going to get "hacked". I mean, Litecoin is a tried-and-tested blockchain network. It's much more reliable than those newer altcoins trading on the market today. I guess Litecoin's problem was the lack of community support. Without a considerable amount of miners and nodes backing it, the network will ultimately become vulnerable against external attacks. It's a good thing developers rolled out a patch, though. It could've been worse.

Perhaps, the best way forward is to turn Litecoin into a Bitcoin sidechain. Only then, it will be able to gain the security benefits of BTC. The community will ultimately decide the future of the project. We'll see what happens...

What would happen with LTC (the coin) if Litecoin becomes Bitcoin's sidechain?
I mean it would technically be a good decision especially considering how widely adopted it is as a payment settling layer. But what about investors aka coin holders?