Topic: Litecoin's comeback - page 5. (Read 2368 times)

I don't understand what you mean by all altcoins having problems, what does that mean?  what do you think is problematic?  Litecoin is still good and still worth investing in.  But I think it's still a long way to beat Bitcoin, mate.

That is not true that no coin can outperform BTC. Actually in an altseason, all the projects start outperforming BTC which is why we saw a massive pump in an altcoin project in a altseason. This can be seen through the altcoin and bitcoin pair. This is amazing but this doesn't last long and after few weeks and month all these project start dumping and btc start outperforming again.

Litecoin was created to be a better version of bitcoin. It has similarities but in terms of performance bitcoin can not be compared with litecoin. I think litcoin, BCH all these hybrid version of bitcoin lost their cause of existence and there isn't much demand of them in the market any more. There are several other blockchain that has real usecase and got massive community and investors.

No coin can outperform BTC.. How can a token on no 17 according to coinmarkecap can outperform BTC. If a coin had to perform this, it would be Ethereum and results is our front that Eth is also very far to reach this stage which indicates that no altcoins has still ability to out perform BTC..

At that time btc fee is high which will temporary down the daily btc transaction but it is not sign of leaving btc and look for other coin.

Litecoin has own feature and usecase. we should not compare with BTC.. If we comparing local bank with Central bank so we are devaluing local coin and same with BTC.

With the unique features that Litecoin brings and having an active development community on one hand, Litecoin looks like a strong contender in the ever-evolving crypto landscape. op. In my opinion, everything needs a process to become mature and big. but, currently BTC is still at the top and even if it can, it will take quite a long time in my opinion and what you are asking is not wrong and it is natural that you want to know.

I think there is currently a big gap between Bitcoin & Ethereum and "the whole rest of altcoins" (maybe BNB, XRP and maybe Toncoin and of course stablecoins have a special position still, due to their "enterprise" character and their link to popular services). But I see LTC firmly in the second tier, together with the toothless "Ethereum killers" and of course Monero. Doge still profits from its association with Elon Musk but the market cap difference between Doge and LTC is already fading away. Doge is a coin I have sympathy for but I quite have a sensation that their heyday could be over, and then LTC as the more solid alterntive could again lead in the space of the "decentralized" coins.

Which was totally expectable, because LTC never has reacted in any way to a halving (save some speculative action before the halving). I've already written about that in the thread. About longer-term effects, the halving could have a minimal effect on scarcity (i.e. the supply/demand equation), but LTC's outstanding supply is already quite small, a lot has been mined already, very similar to Bitcoin four years ago. The good thing about that is that massive miner dumps are becoming less likely.

That would of course be really cool. I don't know if this ever has been proposed to them. They're closer to the Monero community though, so I don't know how realistic it is.

I've asked in the Litecointalk forum if anybody knows about the state of LitecoinLocal.net. A mod from the forum answered but they didn't even know about its existence. The interesting thing is that even if the site looks completely dead with its outdated offers, there seems to be some money in their hot wallets still (~40 LTC). Not much but maybe they're still operating.

By "mainstream popularity", I mean LTC becoming a big hit worldwide. Sort of like it's the case with Bitcoin and Ethereum these days. I'm surprised that hasn't been the case with LTC, especially when it has a deflationary model like Bitcoin. If worthless "meme" coins like Dogecoin and Shiba Inu got the attention of the masses, why can't Litecoin do the same?

Because of LTC's unpopularity, market prices have remained stagnant for quite a long time. It's even worse now, as LTC is suffering dearly because of the bear market. The halving didn't have any positive effect over the price. I'd just wait until BTC turns bullish again to see what happens. Who knows how long will it take for LTC to go all the way towards $1k? 



That looks exactly like the "LocalBitcoins" site. The only problem is that it's outdated. A pity, because a P2P exchange would've increased mainstream adoption for LTC by a long shot. At least, we still have the ability to trade LTC via the use of atomic swaps.

In a hostile regulatory environment, we need as much decentralized alternatives as possible to keep LTC afloat. DEXs and atomic swaps would be the only way to get in and out of LTC in a decentralized manner. I would've hoped that AgoraDesk added LTC to its platform. Maybe it will happen someday?   

4 month it stood above 4$ a coin

© 2014 Litecoinlocal.net Latest Trade: Miami, 4 months ago. 

Domain Whois client forbidden so no joy.

Define mainstream popularity As I wrote several times, LTC is among the cryptocurrencies with most real usage for payments. But yeah, it may not happen that much in crypto influencers' channels, "crypto media" and so on. Reason is crystal clear: these channels work with native advertising (we could call it "bribery"), and only devs of premined coins and tokens have the capacity to bribe influencers.

Yes, most people need still this carrot to invest in a coin. They need a reason to believe in something for the price to go up, even if it's something like a halving, that's why probably the price spiked before the halving.

But I don't see NFTs really being still crucial and as already has been written, LTC does offer NFTs and memecoins via Ordinals. I don't know if it has a better token platform than LTC-20 (which is shit, just like BRC-20) but AI tokens and metaverse tokens could also be created in theory on the LTC platform, even RGB or Taro are possible as LTC has Taproot.

If "the thing to believe in" however in the case of LTC is an even wider usage as a payment coin, then this can also be a reason to invest.

This didn't happen recently but was more a consequence of the Ethereum rise in 2015-16 and the 2017/18's ICO craze. LTC in these years fell below position 20. Now even after the harsh post-halving dip it's at #15, and if we ignore stablecoins and wrapped coins it's on position #12. Not bad, even if in the pre-halving craze it was in the top-10 for some time.

By the way, for direct onramping I found the following site: https://www.litecoinlocal.net/ . Unfortunately it seems completely outdated, there are offers for 4 USD/LTC (should I try? ). Those operating the site should really try to update it, it doesn't look trustworthy at all.

Have a social network account? Share or retweet any positive litecoin news.

I wonder how people can believe that a halving raises prices. Litecoin is not bitcoin.
And a crisis we are going thru today has not happened im the life of bitcoin. 

I'd certainly love to see LTC's use cases expand in the future. But without mainstream popularity, I don't see this happening anytime soon. One thing is certain and that is people don't care about decentralization these days. All they want is to make a lot of money in the shortest time possible. That's why we've seen centralized "shitcoins" eating Litecoin's "cake" these days. They're among the top ranks in market cap after Bitcoin. It's unfortunate to see how human greed has moved crypto away from its original purpose.

As I've said before, all of the attention is on smart contract platforms with NFT capabilities, as well as, "meme" coins/tokens, AI-based tokens, and the metaverse. LTC is a simple cryptocurrency only meant to be used for sending/receiving money. It's just like Bitcoin. Only that the latter has all of the attention because it was the first cryptocurrency that started this craze. At least, Litecoin has trading pairs on almost any crypto exchange you could imagine. As long as the Blockchain stays alive and running, there should be nothing to worry about. Just my thoughts

According to BeInCrypto, whales were currently accumulating Litecoin (among some other coins) in the last days, benefitting from low prices.

I'd be careful about such news though, because we don't know which kind of whales are doing that. And before the halving there were some similar news ... and the price dipped deep.

However, everything looks like there was a stabilization in the LTC/BTC price in the recent days. In the very short term there's a downward movement, but it's all in the +-3% range (0.0024-0.0025) and thus still very far away from the stabilization line (0.0023x) and even more from the 0.00216 low reached in August.

After halving last month, Litecoin price drastically down until to $60 from highest price before halving time around $114, you right with Litecoin is not promising for all investor because have been waiting for several months later keep stuck in lower price and difficult to see consistency and Litecoin progress will up to higher price again. Usually with other coin when closing with halving time have good progress and price up drastically before get little correction after halving, but Litecoin have difference case after halving price drop almost 50% and drastically going down without need several months later back to $60. Its not balance when Litecoin up to $114 need longer time and waiting almost four months and without one months Litecoin price back to $60.

+1

A little marketing is all whats needed.
The issues is that litecoin users like to be the underdog.

In general I agree more with WillyAp than with Abiky here. Late-2010s and early-2020s trends like NFTs, DeFi, Metaverse etc. are already fading out a bit even if there are still many bagholders trying to hype them .

Litecoin has to build on its success as a payment coin, and reach out to more popular platforms. Perhaps also an OpenBazaar fork with LTC as main coin could be an interesting idea.

I think also the low-fee aspect could be exploited more. I don't understand why there are so few P2P exchanges offering direct onramping from fiat to coins which are not Bitcoin, because the fees (for example on Bisq) are a significant hurdle to "simply try out" a trade. A "LocalLitecoin" (in the vein of LocalBitcoins/LocalMonero) or adding LTC direct buys to P2P DEXes could be a quite good idea. It would give people a decentralized option to on- and offramp the cryptocurrency space using a coin with very low fees and without KYC, which enables for example to simply try out cryptos with a very low investment (10$ or even less).

Of course Lightning exchanges are also an option for that (Robosats ...) and LocalMonero is also quite good. But LN in its current state is not quite the best option for cryptocurrency newbies, and Monero is also significantly more difficult to use than LTC or BTC, so I guess a Litecoin-based "onramping site" has enormous potential.

I wonder how Litecoin is making a profit for investors now? After halving the price has almost halved. You are right, decentralisation has not interested anyone for a long time. Now everyone thinks about profit and it doesn't matter which coin will bring profit. Unfortunately Litecoin is just an old coin, of which there were many. Probably in time it will be forgotten like other old projects.

That is only one facet of 100 if not millions of different approaches in Investment.
Do you really believe that Warren Buffet, Bill Gates, Angel Investors etc.  are only investing in Meme und NFT? NFT for mass stupidity is running out of steam I hope.

Hopefully the Litecoin foundation gets into ebay, With being an ebay payment coin growth would be almost automatic. I am not privy about what the foundation is up to. 

Indeed. Litecoin is one of the most decentralized cryptocurrencies you can find on the market. The problem is that investors are not that interested in decentralization these days. As long as a coin makes them money, nothing else matters. If there's one thing that's holding Litecoin back, that is innovation. There are other cryptocurrencies with better features than LTC itself. Such coins usually have smart contracts functionality and a different consensus mechanism aimed to improve scalability.

These days it's all about the metaverse, AI, NFTs, and "meme" coins like Dogecoin and Shiba Inu. Unless Litecoin brings something "new and exciting" to the masses, don't expect market prices to go anywhere soon. Our only hope is for BTC to get bullish again for major altcoins (including LTC) to go all the way to the moon. Maybe someday LTC will be worth $1k? Just my opinion

Beg your pardon, no need because no  one wants to pay for it?
Where is the logic in that? Charlie and the foundation have money, it's called an investment for something.
A certain Investment is needed to fund marketing. It can even be done in Litecoin, we gladly do their marketing and it can be financed over Litecoin.
But there is no answer on any channel. No one, as if no one cares. Others who have answered (on litecointalk) love the undercover situation which in the long run will fail. 

It's not about the wallet but about the people that use Litecoin as payment. That's what you want to happen for many folks to adopt and use LTC as payment. As I've said it's one of the choices of many merchants but it's not that enough through their numbers.

There's no need for marketing because who's going to finance it? The foundation or its people? Either of the two, it's not that really needed at all because Litecoin is already popular. But if that's really needed and there are folks willing to finance it, that is up to them.

Adaptation is there, many wallets use Litecoin,
Marketing is not there and that is the point. The Litecoin Foundation should rethink their approach of Grassroot Technics.