Topic: Litecoin is due for a big break (Read 587 times)

Litecoin price up after Moneygram integration:


source: https://u.today/litecoin-price-takes-giant-leap-after-adoption-news-details

All they need is to sustain their good services and have to spread more awareness to the community. Because the more they become known to the public, the more people become curious and wanted to try their services. And in regards to their fees, something they need not level with others and if they can make it low than ETH, I think that is even better and could possibly gain more users.

Litecoin has been in the market for many years and even though the volume is low but still, I believe this will even stay long and have potential in the future.

I agree with you about Litecoin. Few altcoins can be found on the market with similar characteristics.
Nevertheless, many people do not consider Litecoin to be something promising, constantly trying to find a 'hidden gem' somewhere else, skipping seemingly obvious things.
However, while the price will remain at the same level as now, the mass popularity of litecoin will not be seen, and this is also important.
Litecoin is really similar to "digital silver", but it is still very undervalued.

That’s the thing about litecoin, not only it has been around for a long time (since 2011 which means it has been around for 11 years, going into 12 soon) they are also in the top 30 all this time, never went lower. If it was a bad one, then just like the ones you named it would have gone lower, but there were dozens of projects that were higher than litecoin in history, and then dropped under litecoin as well.

Because they were bad projects that got hyped for a while, and then they turned out bad and dropped under litecoin. Meanwhile, litecoin may have failed to go to top since those days, but it also never went lower like that neither which gives a good reason to keep some of it on your portfolio.

actually it's not a matter of being defeated or not because Litecoin at this time may not have had a significant development from the development team. but if the new altcoin looks like it is superior to Litecoin because the new altcoin has an uncertain purpose in the future so the new altcoin looks like it has a development team that is always improving the utility of the coin even though sometimes such altcoins have no clear future and sometimes just hit and run.
different from Litecoin although at this time there has not been a prominent development but Litecoin remains an old coin that has a clear future and will not scam.
and it looks like Litecoin doesn't need to cooperate with other projects to increase the coin but just needs the development team to attract more community to push up the price of Litecoin.

I would guess that the main reason why they thinkg it will have a big break out is the fact that even though the coin lost its position, no other coin has kept it as good as litecoin.

Yes, it’s not top 10 like it used to be, but what is top 10 instead of litecoin has changed many times over, all of those projects end up going lower than litecoin eventually, for example we have other coins at top 10 now compared to 5 years ago, and 5 years later we will have different top 10, but litecoin will always be litecoin. This means even though it lost a bit of place, it still does stronger against all the other high level ones that drop eventually, meaning litecoin would do better in the long run.

bittorrent and many other zombie coins have been on the market for a long time, but now they can only buy a couple of chewing gums.
Still, Litecoin has been in the top 30 for so long time for other reasons: this is the POW algorithm, an understandable scheme for working with it, resistance to attack 51, due to the high hash rate, low fees, ease of use.

When bitcoin grows, everything grows after it and vice versa. In fact, there is no market without Bitcoin yet.

Litecoin is a long time coin because Litecoin has entered the market for a long time. But comparatively, Litecoin can survive in the market by competing with other coins When the price of Bitcoin goes up, the price of Litecoin goes up, I think it is related to Bitcoin. However, if they want to survive at the highest level in the market, they have to make new announcements every day so that investors invest in their platform as soon as possible.

I don't think it needs any further improvement/ development it is already a complete payment system.

And the projects you are talking about still fail to reduce their transaction fees like ethereum. And some other have security issues, like solana.

The era of LTC has probably not really come yet.
We must not forget that this is a coin with a long history, very reliable, and if we see news about how some store starts accepting bitcoin, usually Litecoin is accepted along with BTC.

The reliability of the network is proved by the constantly growing hashrate, which, despite the price, is actually at the maximum 507.60 TH/s.
If I'm not mistaken 51% attacks did not happen with Litecoin either.


https://www.coinwarz.com/mining/litecoin/hashrate-chart

But just to be fair, we are in a bear market, so it's hard to see a break out run with anyone of this old projects such as Litecoin. Although remain to be solid, as it has been in the market for so long and has survived many cycles already.

But in order to have a break out run, we should be in the bull run, not in the bear market wherein the sentiments is very negative. And as you have said, there is no development, maybe just a couple here and there, but not enough to create more hype to bring more investors.

I do not know if litecoin is due to a big break, over the years it has lost its position as one of the top 10 coins in the market and I do not see how it is going to recover that position, especially as every single year new projects emerge and even if a great deal of them are useless there are a handful which are good and which eventually make it to the highest ranks in this market due to their innovation, while litecoin is little more than a bitcoin copy.

i use litecoin since years, i use it a lot for transfers because it has low fee and is very fast in confirmation but i also use litecoin to day trade although it is more complicated to predict the price movement of litcoin, so i check the bitcoin price - usdt and then I will check the price of litecoin, this way I can day trade with litecoin, I read comments from some people saying that litecoin needs to be improved, I think litecoin is a currency, it already has a low fee and is fast in confirmations, what else do people want? do you want litecoin to become like ETH and so many other altcoins? i think litecoin is very good as it is currently


these guys who keep putting bitcoin aside to put money in these shitcoins, then when they lose money they come here on the forum to complain, all people who love the money they have know that putting money in bitcoin is the best option, these other altcoins are unstable, the owners are greedy people who only create projects because they want money and when they already have money they are on twitter posting things and people are deceiving themselves that the team is working on the project, just because the team told them another lie. It's unbelievable how people still fall for these shitcoins


but litecoin already has good features, it has low fee and fast confirmation, that's what a coin needs to have. when they put other extra resources then litecoin will already be like other altcoins


Litecoin is a currency, I see no reason to rebrand or add too much unnecessary stuff. look at bitcoin for example

That is also my opinion. In fact, Litecoin was one of the first coins I mined alongside Bitcoin. I strongly believe we have hit the ground and some accumulation has been going on for some time. LLT needs to break the $63 barrier and when it happens he should take a High way on to at least $83. At least that is my viewpoint on the 3-day LTC\USD chart.

The Era for litecoin has gone. people are still considering litecoin as a bitcoin brother but it seems like that if litecoin doesn't seem to get more unique users again. My first time to hear if litecoin accepted in more place than another crypto? any proof that was supporting that statement? i never such news before. it may be wrong. This time litecoin is not as fast as another first layer blockchain in the market. it needs only a few seconds to deliver the transaction unlike litecoin.

No doubt that Litecoin is one of the oldest cryptocurrency present in the market. The marketcap of the coin is also big. Yes but somehow it’s not getting the recognition that it should get for which the demand line of the curve remains parallel and price thus doesn’t increases when other coins pumps. But thanks to it’s great stability for which many people use it for continuous altcoins transactions. We need to also thank the low fees as it’s best for sending multiple transactions.

No doubt litecoin is due for a big break but why only litecoin? Almost all of the good altcoins are very down on their support levels, and they would bounce back hard once the bitcoin recovers. I don't think this would happen anytime soon as we are still in a bear market and the bear market low is still pending.
Anyways Litecoin is a good coin and this is a good time to accumulate more of Litecoin at current prices.

Litecoin has indeed been relegated for a very long time. We used to see litecoin to be potentially viable and promising like bitcoin, but it hasn't lived up to this expectations. Maybe because of the developers or something I can't tell but I still hope that litecoin would some day become a force to be reckon with in the cryptocurrency market.

Yes I like Litecoin because of very low fee and acceptable in many website. It's prices so much down from ATH but still has potential to breakthrough and outperform the market. I used Ltc to transfer between exchanges because usdt fee is 1 while ltc withdraw fee only 10 cent.
There will be halving next year and hope it's price will move up before 2024.

I have been hearing from various sources for a long time that LTC is very undervalued and has huge upside potential. Time passes, but I still have not seen any rapid growth of this coin. It would seem that LTC has a fairly wide distribution, fast transactions and low commissions, a large user base, fame and recognition, and many other advantages. But for some reason, the world still cannot appreciate all this. Something is still missing for LTC. Many hope for a further rise in the price of this altcoin, but so far they have not waited for this. Maybe someday it will happen, maybe not. Other projects have already appeared, the value of whose coins has long outgrown LTC, are very popular and are in no way inferior to it (like BNB). Therefore, I don’t even know if a coin is worth attention when there are better analogues. ycтyпaют 123 (вpoдe 123).