Is litecoin still a good investment

[Ishicryptic]

As investment no, it is not showing the progress like other shitcoins and not even coping up or following the trend of bitcoin for ages, so you can buy litecoin to make cheaper transactions with better decentralization than shitcoins that are centralized but buying it with the hope of making 10x or 100x is not really a good move.

How the mighty have fallen, I know that Litecoin was one of the top altcoins if you were counting their hierarchy but over the years it has not lived up to the hype of being in the same category as Ethereum, Solana and even BNB. It is better than many shitcoins in the market but surely not quite in the top altcoins league, for investment I think that there are better choices in the altcoins market but I cannot totally write it off. For me if you're not holding only Bitcoin you're increasing your investment risks, whether it is Ethereum at the top of the altcoins list or Litecoin somewhere in the middle or majority of the shitcoins in the market it is better to invest cautiously with amount that you can actually give away.

[BALIK]

For investment, I don't see Litecoin or any other altcoins that is not among the top 10 most performing altcoins on coins market Cap as good investment, because crypto investments need long term to yield good profits to investors but, still we should not forget the high volitility and lack of consistency in some altcoins market infact most of the lack the utility demand to keep their market active., this is why it's hard to see sustain market buildings up with altcoins Litecoin price have not gone half it last all time high price.

LTC used to sit in top 10 for many year before dropping into the top 20 like it is now. So judging whether altcoin is good investment based only on its current market cap ranking is not really enough.

However you are right. Altcoin market lacks stability and real demand in a lot of cases. So which alts to invest in is still a personal choice. Its pretty hard to give anyone a specific recommendation.

To reduce the risk, I'd say OP should focus on projects with clear use cases, real demand, room to grow...

[henmark]

This is what I had to say

It has potential to hit $70 sometime in the near future, at least one more time, so worry not if you are holding for a while. If you look at the chart, $70 can easily be achieved


However, I am afraid Litecoin is going to be like those other OG coins that are not so popular in the long run, and therefore they slowly sink down the CoinMarketCap. Right now LTC is at number 21, this is a coin that used to be in the top 10.

For us that are also OG in the crypto field, Litecoin is not going to be forgotten no matter what. But isn't thread like this appearing after some time, actually helpful? That is because it allows who recently got in to be aware with it. The reason on why Litecoin sank down the drain in terms of CMC ranking, must be because there are now same utility coins as it but are now much faster and has lesser fees.

But in terms of acceptance by the merchants, Litecoin must still be the winner and this may not change even if we are now in the future. That is another type of publicity where other newbies can get curious and be aware about Litecoin.

[Marykeller]

Is Litecoin still a good Investment?

Yes, to a certain extent, for someone who is looking for moderate profits, not for someone who's looking for huge profits. Litecoin can't and will not go back to its ATH  in 2021; have your hopes on a low if you are investing in Litecoin in such regard