Topic: Litecoin Has Zero Active Development!! (Read 498 times)

well, I totally agree with what you said because litecoin can now be said to be sleeping because all developments have been implemented when in 2018 so at this time the price of litecoin only goes with the flow and there is no good news yet but I am sure someday there will be good news which could trigger an increase in litecoin prices again.

Are you seriously going to disagree with that? What do you think would happen to Bitcoin if Satoshi suddenly appeared in public and said that he's not going to be involved in the project anymore and he's selling all his Bitcoins? Because that's what Charlie did with LTC.

You can also see that this move was reflected in the price because he did that in 2018 and since then LTC went from 300 to 40 dollars.
saying that BTC was in a bear market also doesn't cut it because Bitcoin is worth between 40% and 50% of its ATH. LTC can't even go back to 25%.

To all gents / ladies who truly believe in LTC and want it to go up and stay up!

I respect that and my hat off to you all.

I see you all share the same thoughts that the big man is on top and in full control.

I also understand you talk about investors and community and fully trust hat things are going to be great again.

I hope so!

BUT ... remember Worldcom, Tyco, Enron and many giant companies how they lied to their investors, people even own employees - to survive?

There were warnings and little red flags here and there but most didn’t believe them - until too late.

That’s all I’m saying and not necessarily LTC but many other coins. Positive activities and developments are the key for any crypto to live on.

CL sold all his coins because according to him; he prioritized his tweeting activities over ownership of his baby!!

https://techcrunch.com/2017/12/20/litecoin-charlie-lee-conflict-of-interest/

To me, that’s the dumbest excuse a tech / crypto lover / inventor could come up with!!

I hope I’m wrong ... I have been wrong in the past - many times!! 

everything looks as if the team is no longer very interested in improving the quality of their work. I think LTC is just the beginning. very soon many projects will also slowly stop their development

If that's the case I think there is not to worry about since the article has been already for months, definitely many things have change and they have been up for developments. Investors would be of their every move since they to stick in LTC as we can see that the price are still kicking. But is the article is indeed true and up until now they are not doing anything to save what they have started then they would lose their community in an instant.

I agree Litecoin has come a long way such a long way this is one of the coins apart from Dogecoin that gained a lot of followers when Cryptocurrency was at an early stage, so many exchanges has Litecoin, it is even in a lot of big events like MMA, the community should ork on to make the coin more appealing to investors again.

Zero active development does not mean nothing is going on behind the scenes. Charlie Lee, well I think it is better for us not to put any hope on him alone,,, every other dev is working on their own altcoin and Charlie already sold all or most of his holdings so he no longer needs to push it, but he said he promised to work on it until ATH. Who knows what that means. As a coin itself, it works well, trust me the next time bitcoin needs new tech, ltc will spark alive.

what is specific use case of ltc! i mean if no proper use case and no active development then most certainly project will slowly die, i think the team should really consider this and try to improve on developing the project, except ofcourse they are already tired of supporting the project, they loss interest on it, hope this is not the case.

When you have someone like Charlie basically making it a centralized coin, there is not really much to expect from it in the end, you are basically just letting one person run the whole show, how could you expect it to have any decent improvements? Maybe it is still decentralized in the blockchain sense but the dude simply just makes any changes he wants whenever he wants and everyone agrees and that gets implemented, what type of decentralization is that?

What the hell does Charlie didn't do so far that wouldn't hurt litecoin. The last straw was probably him selling all his litecoin, that showed the world even he didn't believe in the project so why would the others? Ever since that moment litecoin community just got smaller and smaller, and probably won't get better until Charlie doesn't have any relation at all.

Litecoin will be the next zombie coin and i believe it. Since doge has already abandoned by the dev and it has no party that interested to do further development for doge.

I just hope those who feel this coin would be a big thing will not try to put a big expectation again even charlie has already said about that. 

But before that Date is the last time that Litecoin rallied towards top 5 rank and after that starts to fall again like now.
Yeah aside from changing their Logo last year(things that makes me wonder that it is the start of new coming)but after that nothing goes good and i am starting to lose Hope for the long waiting comeback of this number 3 ranking coins in 2017-2018.

If litecoin really has no development, then it will become an ordinary cryptocurrency just like other coins.
We need developments in the project so the coin will be adopted and used by many peoples.
No development means no efforts for attracting more users to use this coin.

It is a solid technology even if there's no active development. Miners are still making the blockchain secure and the transactions are working.
But Litecoin for a long time was continuously in top 5 from it's inception to end of 2017 and now it's struggling to be within the top 10 position. And it would further slide down gradually as newer coins are made popular.

interesting topic, but why does it still remain in the top 10 altcoin ??
it could be that they are planning something that is mature and executing at the right time.
because whatever is done if during the bear market certainly will not make a significant impact.

if charlie lee ownself said like this , litecoin future will not interested any more. if no dev team join in order to developt litecoin projects, there is no more important feature from this coin. hmm but only based on source will not totally prove, we need more source to prove it, in the face litecoin still exist in market .

Tell that to Mr. Lee himself!! 

https://www.trustnodes.com/2019/08/11/no-one-is-interested-in-working-on-litecoin-says-charlie-lee

This is what I've thought too. Why are people concern about the technical development of Litecoin when it is already working as intended? The project developer already sold all his Litecoin. I don't know whether he really abandoned Litecoin or he is just copying Bitcoin where there's no central power. The community is still great. I don't think people will just leave Litecoin just because of this.

Litecoin (LTC) is one of the first altcoins, created in 2011 by Charlie Lee. It is quickly listed on a few market places and its price quickly reaches 30 cents of dollar (USD).

The price of Litecoin evolves from 2011 to 2013 between a few tens of centimes and 3 dollars.

But from November 2013 the price of litecoin will experience its first bull market in a few days. The price is multiplied by more than 10 to reach about 50 dollars.

But with the bear market of 2014 and the scandal of the Mt. Gox exchange, the price of Litecoin suffers and falls back to around 1 dollar in January 2015.
After a small rise in the spring of 2015, Litecoin enters a two year consolidation period and its price stabilizes around $3.

From the end of March 2017 Litecoin starts its second bull market. It rises from $3 at the end of March 2017 to $50 in July 2017 and reaches $80 in September 2017.

In November and December 2017, Litecoin takes advantage of the cryptocurrencies bubble and the price literally soars. The absolute record is set at around 371 dollars on 19 December 2017, i.e. a 500% increase in 2 months!

In 2018, Litecoin suffers a new crash like the whole cryptocurrencies market and its price will fall back to a low of around 25 dollars on December 15, 2018.

In 2019, Litecoin started in a bull market and its price climbed to $145 in June 2019. It then fell back to $50 in the second half of 2019.
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Please read above one more time - but this time slower so you fully understand how it was born and survived!

Today, there are very small number of people who have invested on farms with hundreds, if not thousands, of ASICs and own huge number of LTC!

To them, it’s not labour of love! It’s just a game and they must play their cards 110% in order to get good return for their time and investment - until it’s all gone!!

It is unclear and there is no specific information about their current plan so I will continue to sit and watch instead of choosing to invest. Litecoin is now like a junk coin and depends a lot on the Bitcoin price. Also this year there wasn't any news that made the coin go up and the CEO left this project leaving me no reason to invest.

Litecoin is majorly a coin to facilitate payments over the blockchain. It may not be popular as bitcoin or ethereum but we can be sure of its technology might make it a better currency for spending. The Litecoin transaction time is also four times faster than Bitcoin's and while there's no regular development on the coin, I haven't really seen a major drawback yet