Topic: Could Litecoin Really Go Parabolic This Summer? (Read 541 times)

It's promised faster transactions and lower transaction fees when compared to Bitcoin. And the problem is, that's all it does. It's faster than Bitcoin; it can do 56 transactions per second, while Bitcoin can do about seven. Proof of Work Summit 2023 in Prague is coming up, and Litecoin is one of their major sponsors. Litecoin's 12th birthday is coming up in October, and they're doing a Litecoin birthday cruise that's going to be with Royal Caribbean. Litecoin also has a debit card through Unbanked; they kind of do white-label products for crypto companies or other services that want to launch their own debit cards, and I don't really think that this actually provides more value to the coin just because it's more important to have those on-chain transactions. 27 percent of all transactions this year through BitPay and Litecoin were used to make payments. That's showing that people have access to Litecoin, and they are using it to shop just because of the low transaction fees. There is a big move for traditional finance to move into the crypto space because they can make money from selling crypto, and it's fees. That's one of the biggest things Litecoin has going for it, but when it comes to B5, stable coins, etc., Litecoin is at a big disadvantage, but that doesn't mean the price isn't going to go up, so anything can happen.

PoW coin ussualy will going parabolic after halving. but it will take several month to make it parabolic. i guest maybe 7 month after litecoin halving. litecoin is still second the best store of value after btc. even tho the marketcap is smaller then other altcoin. i myself will still collecting it for my store of money instrument

Litecoin has entered a crucial level in my opinion. with an increase of 15% this week,
this clearly indicates that Litecoin is reacting well this season, because indeed the effect of the halving has also affected the LTC price,
if you ask, will it be parabolic? of course LTC will increase in the next few months if the $100 price is met and LTC breaks it.

I think it is quite important to remember that this was created back in 2011, imagine how long of a time 12 years is in the crypto world and remember that this has never been out of top 20 if I remember right, even if it was it must be very close and for a short period of time.

Right now, it is doing well again and it is already ranked 12th and it could easily pass Polygon and Doge and XRP and SOL and Tron, those are coins that is not as strong and as sustainable which means that there is a chance it could be 6th, which would make it even 4th if you count out the stablecoins. Even in the worst case scenario I would put them in top 10 easily, they have been around for this long, I do not see a reason why it would not be around a bit longer, probably a lot longer.

Litecoin settled back down since this thread was created.  I think halving is just an event and shoukd spur too much action.  Last event nothing really happened either.  In most cases litecoin will track to what bitcoin is doing regardless of what events are in front of litecoin.

I don't even like litecoin but there is definitely development happening, community is strong and as it's fair distribution POW it's not going to be in danger of being declared as a security. Also it has never gone down. Which can't be said in ton of the altcoins out there.

I see it as pointless and my trust on it vanished when charlie sold his LTC in the top. But wouldn't say it doesn't have power behind it.

Litecoin will go to parabolic, don't worry, it will happen if you hold on and be patient,
otherwise you will regret it. The halving of Litecoin is only 49 days away,
so be patient if you want to see Litecoin above $100, it could even reach $300 again.

The effect of halving is always positive, even altcoins that experience halving will also be positive,
I'm sure of that, especially with Litecoin, which is an old altcoin and will experience a halving,
the price will definitely be affected, and now the price of Litecoin is really at the bottom, so don't be just a spectator.

not sure of that and believe me mate , it is better to trust those coins that facing no big difficulties than litecoin that once a ranking coin.
also are you a LTC investor? or this is just aa supporting post but you did not put any in this one?
and did the last halving bring Litecoin a good move?

I am, and I believe that litecoin will go high, I am one of those people who hardly leave a coin if it hasn't done anything wrong. Litecoin never has done anything wrong, the price drop or the rank drop is not something related to litecoin, it is related to its investors, a coin or the project team or someone that is core to the coin has to do something silly to make it go down in value to make me leave and Charlie has never done something like that, not anything nearly enough at least.

This is why I believe that it is going to be quite important to keep it. I believe as long as we keep this pace, then it is going to be top ten and stay there for a long time and be valuable as much as it can get. That's why I keep holding it and will hold it for many years.

There might be no huge effect from the halving but I still think once the market recovers LTC will go pump as well. Its price was able to reach the level of $100 and since its cheaper now, this is another opportunity for us to buy more and hold more. I’m bullish with LTC and this year, it will continue to grow and rise, eventually its halving will pay off and many investors will see its real value, just wait for the bull run again.

Just continue to be patient man and soon you will be rewarded but as long as you are confident that the old coins you HODL are still stable in terms of developments. The other altcoins you mean might be the newly released coins. It's normal for them to pump at first because people always have the excitement for new things but don't worry because their shine can also fade later on and we don't know what can happen to them next.

Old coins are still better than them because we already know that their chance to recover is high. We already know what effect the halving can bring into Bitcoin and that is it can make its price rise but for Litecoin, it's said that its past halving performance are bad but maybe that will change this time, let's see.

You will expect different results if there will be development updates for this old alt.
However, I am not hearing any noise when it comes to this coin, so don't know if it can really made a difference this time.
Most alts are just following bitcoin's trend, but we can still expect a different outcome if the coin itself has something to offer to the community.
If you will check their site for updates, it seems that they have nothing new for now - https://litecoin.com/en/news.
So don't know how they will perform this coming months without any life changing update for this project.

It has been said above that even thr recent halving did not bring better result for the holder so what are the factor that we expect in this one?
When it is an obvious relation about the bitcoin halving that makes all legit coin bring good return .
Not sure if your title id implicated to the solution but for me? Nope this is not going that eay.

We know how halving affects the market trend a reason why we believe that this will increase the price of Litecoin to some extent but not to the point of getting it bullish as it was not the same as when the entire market is at ATH. Probably we can witness a surge in its price but it drops then after a while. So, if we are buying Litecoin, much better to start accumulating before halving and then sell it when it hits on its peak I can't imagine keeping the trend for long, investors will drop making the price drop as well, and we should anticipate it.

In the year of 2024 to 2025 it should be a parabolic year and there is no without doubt and Litecoin will benefit from that, will it benefit more or less compared to all other coins around it? I do not really know, I hope that it does better but I am not sure if it will be like that or not. Due to this its still go upwards we tibet the nail .

Yes, hopefully it will happen this year because old coins haven't had good movements like other altcoins,
so this is why there is the potential to become parabolic for Litecoin because Litecoin will also do a halving,
we all know what the halving effect will be like.

the current correction just spelled a big no for litecoin getting parabolic this time around.
i don't know but it seems to be the case that coins like litecoin are also among the ones that gets massively affected by the upcoming fuds. currently it recovers though.

I though the same thing, litecoin could go parabolic this bullish cycle. Last cycle litecoin and other PoW Old Coin is not perform very well, maybe because money flowing in to DeFi. But this time it will going back to " Non Securities " Coin which is LTC, BTC and Dash

Yes, I believe any halving event will pump the price up and that's no exception to Litecoin which really make a good rally and of course it lessens the supply of it that's why it's one of the criteria that triggers the price uptrend. LTC already making good tractions now, how much more if the event will be near and after as well. I think good rally will be inevitable.