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Topic: Litecoin is due for a big break - page 3. (Read 579 times)

sr. member
Activity: 2366
Merit: 448
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October 19, 2022, 01:04:48 PM
#28
Litecoin is one of the oldest cryptocurrencies out there, and has always positioned itself as silver alongside bitcoin gold.
and one of the best features of litecoin is its low gas cost so it is bought and used to transfer crypto between exchanges and between crypto wallets, so it has a legitimate use case and is also the oldest and still trustworthy coin for the future.
I'm not panicking about the state of altcoins right now because it definitely goes up if bitcoin goes up and I think it's a good time to buy it even though I prioritize bitcoin but I'm also buying it bit by bit on litecoin, and holding it for the long term.
hero member
Activity: 2478
Merit: 695
SecureShift.io | Crypto-Exchange
October 19, 2022, 11:14:12 AM
#27
The fact that It didn't attain a new all time high in the recent bull market speaks volumes. Perhaps the emergence of lots of POS coins like BNB, AVAX, MATIC, LUNA led to traders abandoning most of the old solid projects in order not to miss out on the hype and possibilities of abnormal profits.

I think it will slowly sink down the marketcap just like DASH, XMR, ZEC etc

I think the major problem with old coins like ltc is no reasonable utility beside PoW, not just traders but investors as well do not find them profitable enough to buy and hold anymore. Like you said, with time, this coin will probably slowly fade away, it is really a shame to see how these old and solid coins are being abandoned for new ones. I thought decentralization was an important factor!
legendary
Activity: 2026
Merit: 1034
Fill Your Barrel with Bitcoins!
October 19, 2022, 09:42:32 AM
#26
I seem to believe in all of your opinions but have exceptions about the part you said Litecoin is the most accepted crypto. That is not true. That honor alone belongs to bitcoin alone

Yes I agree, I should have mentioned most accepted *after Bitcoin  Smiley
legendary
Activity: 2590
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Leading Crypto Sports Betting & Casino Platform
October 19, 2022, 08:06:57 AM
#25
It's been undervalued and passed over by many pump and dumps over the years. It's a solid alt coin to use alongside Bitcoin.

Accepted more places than any other crypto, Litecoin is one of the few altcoins that I actually use.

It's low fee, fast confirmations and 2nd oldest crypto. Can't go wrong in my opinion.

silver bitcoin, this is a good coin to use but if you hold them for profit it is probably not a smart choice. honestly, litecoin is also very good but sadly it doesn't have any noticeable hype, possibly due to the strong competition again of new altcoins. today's new altcoins in addition to more advanced technology can say their marketing is too good, their hype always attracts investors. it's hard to find any reason for LTC to explode in the future, they don't have any major updates or special changes to compete with new altcoins
hero member
Activity: 2912
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Leading Crypto Sports Betting & Casino Platform
October 19, 2022, 06:28:55 AM
#24
I think Litecoin still has a chance to go higher, but I'm still unsure if the price can reach the last ATH year. It will need more big pumps to lift the price to the last ATH and even create a new ATH.

With the price now at $51, it gives us the opportunity to buy more as the price drops drastically. And before bitcoin gets another pump, Litecoin could be an investment option for us to hold onto for a while.
sr. member
Activity: 1386
Merit: 451
October 19, 2022, 06:28:02 AM
#23
It's been undervalued and passed over by many pump and dumps over the years. It's a solid alt coin to use alongside Bitcoin.

Accepted more places than any other crypto, Litecoin is one of the few altcoins that I actually use.

It's low fee, fast confirmations and 2nd oldest crypto. Can't go wrong in my opinion.
Litecoin is one of the ALT coins. It is one of the oldest coins. We have been using this coin along with Bitcoin.It certainly occupies a good position if we all can definitely assess it without underestimating it But if we don't underestimate it, if we hold it for a long time, we can certainly take its price to a very high level at some point.
full member
Activity: 798
Merit: 134
October 19, 2022, 06:21:51 AM
#22
From all clear indication you perfectly right most times i wonder if the project has nothing to do about their price increase, over the years i have seen Litecoin to be one of the best currency then and i was holding for long but due to the price not being appreciated i have to trade all to Bitcoin and other favorable altcoin there.
I think is time for them to focus on the development, follows by marketing or possibly rebranding.
hero member
Activity: 1330
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October 19, 2022, 04:17:36 AM
#21
the advantage of LTC that i am seeing is that it is available in most trading platforms. this is why the access for this old alt is quite easy for a lot of traders, and combined with low fee and fast confirmations, that makes this coin still attractive to a lot of crypto users. yes, there are a lot of new coins offering the same features, however, some of them are hard to find in top trading platforms. what i would like to know is if there are active developments with LTC. this is where people are seemingly deprive of the actual status of what's going on with LTC. so i can't say about having a big break in the market.
actually LTC doesn't get a strong push to reach new ATH every time the bullish season arrives, it's all because LTC has not had any developments until this year. whereas there are big investors out there waiting for the LTC development team to make interesting changes that seem to have high value in the future.
maybe currently LTC is only underestimated by some investors and is only used for transactions and trading, but one day if the LTC development team wants to advance the coin LTC will be a good asset for the long term
legendary
Activity: 3318
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October 19, 2022, 04:16:40 AM
#20
It's just regretful that it cannot be noticed anymore.
Many investors are busy looking for something new that would enhance their profits in faster way than for a long and secure shot.
BNB, Staking coins, NFTs, etcetera.
They are even avoiding Bitcoin so it becomes more of a problem for Litecoin to be seen in the spotlight, unlike in the old days. That big break will be a long shot and near impossible.
member
Activity: 1103
Merit: 76
October 19, 2022, 02:53:30 AM
#19
"It's low fee, fast confirmations."

apparently this saying is very old, its the 2014 thinking. Most of the new coins/old coins are already fast and low fee.
We need something new that it can bring something new into the industry.
Right, almost all of top coins have been offering low transaction fees and fast delivering network that's even more effective compared with litecoin. That being said that litecoin was loosing against another coin in term of tech development.
Even majority of smartcontract platforms can deliver the transaction a few times faster compared with litecoin. Calling it to be low and fees and fast confirmation is not reliable anymore.

the advantage of LTC that i am seeing is that it is available in most trading platforms. this is why the access for this old alt is quite easy for a lot of traders, and combined with low fee and fast confirmations, that makes this coin still attractive to a lot of crypto users. yes, there are a lot of new coins offering the same features, however, some of them are hard to find in top trading platforms. what i would like to know is if there are active developments with LTC. this is where people are seemingly deprive of the actual status of what's going on with LTC. so i can't say about having a big break in the market.
Hard to find? I can literally point out how many top 50 coins that is listed on the big exchanges...
hero member
Activity: 3038
Merit: 634
October 18, 2022, 10:13:10 PM
#18
It's been undervalued and passed over by many pump and dumps over the years. It's a solid alt coin to use alongside Bitcoin.
I have the same definition for Litecoin, a solid coin after bitcoin but that was before when Charlie abandoned and left. When he was still there, many looked up to this altcoin and considered as the silver bitcoin in the market.

But now, even though we've been through a bull run, it didn't make a noise and neither went back to its former ATH.

After Charlie abandon and left LTC, the popularity of LTC declines, and it looks like the development and upgrade of the network gone really slow.  And many new altcoins performs better than LTC in terms of technology.
Although, it is undeniably still popular but it's different when Charlie was still there. After his announcement of selling all of his LTCs during the ATH of it, that has left the project still going but not the same as with him anymore. I still like it with its transfers and fees.

Accepted more places than any other crypto, Litecoin is one of the few altcoins that I actually use.

It's low fee, fast confirmations and 2nd oldest crypto. Can't go wrong in my opinion.
Despite that it's not able to be back on the past ATH, the utility that it has and its usage of it has been wide than the other altcoins that's been built through hype. Well, Litecoin has been built through time.
Probably LTC need more marketing or probably need a better marketing strategy.  After all, great marketing adds up to the value of cryptocurrency since a successful marketing activity can bring in new investors to LTC market.
Who's going to spend and allocate the budget for marketing then? I don't think that there's a need for that, it has a foundation already and it's still popular to date.

It is up for the community on finding out whether they're going to like LTC or not and will use it as an asset or as an alternative transfer just like what it is for most.
hero member
Activity: 2366
Merit: 838
October 18, 2022, 08:55:04 PM
#17
It's been undervalued and passed over by many pump and dumps over the years. It's a solid alt coin to use alongside Bitcoin.
People call Bitcoin as a digital gold and Litecoin as a digital silver. Litecoin has many years in history and it is used to deploy new technology before a real big upgrade for Bitcoin. An example is Segwit upgrade in 2017 and later is Lightning Network

Quote
Accepted more places than any other crypto, Litecoin is one of the few altcoins that I actually use.

It's low fee, fast confirmations and 2nd oldest crypto. Can't go wrong in my opinion.
Litecoin gives us lower transaction fee and fast confirmation time but you did not mention one important characteristic of Litecoin network. Its total hashrate is high enough to make it as a third safest cryptocurrency networks, after Bitcoin network and Ethereum network.

Because Ethereum changed from PoW to PoS, now Litecoin is the second strongest one in total hashrate.
https://www.crypto51.app/
https://howmanyconfs.com/

From chart, I would like to wait for price from $25 to $35 to think of accumulating Litecoin.
legendary
Activity: 3122
Merit: 1102
Leading Crypto Sports Betting & Casino Platform
October 18, 2022, 06:35:11 PM
#16
"It's low fee, fast confirmations."

apparently this saying is very old, its the 2014 thinking. Most of the new coins/old coins are already fast and low fee.
We need something new that it can bring something new into the industry.
Right, almost all of top coins have been offering low transaction fees and fast delivering network that's even more effective compared with litecoin. That being said that litecoin was loosing against another coin in term of tech development.
Even majority of smartcontract platforms can deliver the transaction a few times faster compared with litecoin. Calling it to be low and fees and fast confirmation is not reliable anymore.

the advantage of LTC that i am seeing is that it is available in most trading platforms. this is why the access for this old alt is quite easy for a lot of traders, and combined with low fee and fast confirmations, that makes this coin still attractive to a lot of crypto users. yes, there are a lot of new coins offering the same features, however, some of them are hard to find in top trading platforms. what i would like to know is if there are active developments with LTC. this is where people are seemingly deprive of the actual status of what's going on with LTC. so i can't say about having a big break in the market.
member
Activity: 467
Merit: 61
October 18, 2022, 06:30:32 PM
#15
People's opinions will definitely be different, and of course the choice will also be different, namely the choice of investing in altcoins. and I think this is a good topic, it's true that lately people rarely talk about litecoin, even though litecoin is a quality crypto, and in terms of price, litecoin still has a good price, so I think in the future litecoin will make a good breakthrough, because Litecoin is a quality cryptocurrency.
sr. member
Activity: 1554
Merit: 413
October 18, 2022, 06:28:03 PM
#14
They started off as an alternative to Bitcoin but where should people place them now since there are hundreds of coins and tokens claiming to be the better alternative? I think the LTC is still a good option for your daily crypto transaction but there are other tokens to consider first if we're talking about long-term investments.
copper member
Activity: 2114
Merit: 1814
฿itcoin for all, All for ฿itcoin.
October 18, 2022, 05:39:18 PM
#13
The fact that It didn't attain a new all time high in the recent bull market speaks volumes. Perhaps the emergence of lots of POS coins like BNB, AVAX, MATIC, LUNA led to traders abandoning most of the old solid projects in order not to miss out on the hype and possibilities of abnormal profits.

I think it will slowly sink down the marketcap just like DASH, XMR, ZEC etc
member
Activity: 1103
Merit: 76
October 18, 2022, 05:20:18 PM
#12
"It's low fee, fast confirmations."

apparently this saying is very old, its the 2014 thinking. Most of the new coins/old coins are already fast and low fee.
We need something new that it can bring something new into the industry.
staff
Activity: 2436
Merit: 2347
October 18, 2022, 04:49:09 PM
#11
Anything can go wrong, even for bitcoin, because this is a crypto market and anything is possible here, even the most unlikely scenarios. Litecoin is one of those coins that has a rich history and good growth dynamics. For classical investor this asset fits perfectly, because it has already proved itself as the most reliable and as growing over time. I try to buy LTC at drawdowns like BTC and ETH, as I think that Litecoin will be worth $500 in next 5 years and it has less chance of scam than 99.99% of altcoins.
hero member
Activity: 2870
Merit: 594
October 18, 2022, 04:29:37 PM
#10
It's been undervalued and passed over by many pump and dumps over the years. It's a solid alt coin to use alongside Bitcoin.
Agree, it's because it is being treated as the brother of Bitcoin only. But nevertheless, it's solid and has been in the market for many years.

Accepted more places than any other crypto, Litecoin is one of the few altcoins that I actually use.

It's low fee, fast confirmations and 2nd oldest crypto. Can't go wrong in my opinion.
Yes, but I don't see it having a break out run in this bear market. I mean everyone is down, but you can buy it right now and hold and wait for it to have a good run in 2024. Obviously, a new all time high is to be expected.
jr. member
Activity: 840
Merit: 4
October 18, 2022, 03:59:10 PM
#9
I seem to believe in all of your opinions but have exceptions about the part you said Litecoin is the most accepted crypto. That is not true. That honor alone belongs to bitcoin alone
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