Topic: Litecoin's comeback - page 7. (Read 2368 times)

Litecoin can't reach an ATH on its own because it's lacking behind other projects in terms of development and innovation. It's highly-dependent on BTC to survive. Without a "bullish" Bitcoin, don't expect LTC to get past $100 anytime soon. It's likely LTC miners will be mining at a loss if market prices remain stagnant. After all, the block reward was cut in half without any positive reaction to the market price.

At least, the Blockchain is alive and running as usual. What matters is usability instead of the price. As long as LTC is useful, nothing else matters. I'm confident LTC will last a lifetime thanks to its commitment towards decentralization and censorship-resistance. Maybe someday LTC will go all the way to $1k? Just my opinion

if we look chartishly from the previous movement, LTC had penetrated the $108 range, and that means it had broken out at the previous resistance, it's just that because of the bitcoin situation that is currently experiencing a small crash, LTC was also affected, therefore I think that LTC will later will go up again, assuming that it has given a signal for an increase and of course a deep correction can be used as an opportunity to buy and invest, I don't think it will take us 5 years to make a profit

Every coin based on hype is tending around 0, hype is bad medecin for any coin.
Litecoin is a decentralized coin with a good track record. Excelente if you see network activity. Possible because it settles faster and it's used to pay for stuff. 
Additionally we are now in a pretty severe insecure phase of the world's economy. For those who haven't noticed. 

I'd suggest you consider other altcoins, especially those among the top ranks in market cap (top 5). Litecoin is struggling to reach a new ATH, probably because there's no "substance" to it. Developers need to come up with something new and fresh that would revive the hype once again. Otherwise, market prices will remain stagnant for a very long time. If they don't increase with every halving, miners could be mining at a loss. This could force LTC miners to switch to other chains, leaving it vulnerable against external attacks.

Unless BTC turns bullish for an extended period of time, don't expect LTC to get past the $100 range anytime soon. Don't get me wrong, though. LTC is a good coin with a solid foundation built upon it. Market prices aside, it's one of the most trusted and reliable blockchains after Bitcoin. I've seen new features being tested on LTC before they're added to the Bitcoin blockchain. Who knows? Maybe someday LTC will get the attention it deserves? Just my thoughts

Cut losses and become a bitcoin maxi.
We are in crypto winter and there is so much fud over Binance. Tendenca in twitter almost every day and as always people know.

Litecoin has held its own as one of the established cryptocurrencies since its introduction in 2011. It has often been referred to as the "silver to Bitcoin's gold", pursuing similar goals to Bitcoin but with some differences in technology.

Litecoin's future depends on a number of factors, including adoption, technological advancements, the regulatory environment and general developments in the crypto market.

Not optimistic with Litecoin will raise up to $500 one day later, almost four year as most loyal holding of Litecoin but still get disappointed with most cheap price based on old coins. Halving time not get efficiency effect for Litecoin get up to higher price, this early month, Litecoin halving but price keep going down drastically after success break out to $111. Current Litecoin price can't expected will back to $100 because around $64 make LTC difficult when getting moment to create with new all time high price. I am waiting with Litecoin will raise back above $200 and looks not profitable yet with long term holding from LTC,

any one have ideas keep holding Litecoin or take it for cut loss and investing in other altcoin?

LTC won't stay "cheap" for long, especially when it's one of the oldest coins with a limited supply. Each halving event will positively affect LTC's market price in the long term. We just have to wait until Bitcoin turns bullish for LTC to go all the way above $100 per coin. It's possible LTC will be worth $500 within a few years from now. While other coins are overhyped, they're not as useful and reliable as Litecoin is.

I believe developers should add smart contract capabilities to Litecoin. It would expand its capabilities beyond compare. Maybe making a smart contract sidechain or L2 network will suffice? The sky is the limit to how far LTC will go. As long as decentralization is prioritized, nothing else matters. Just my thoughts

I am also very curious to see how Litecoin will develop this season. Litecoin still has a large community and that is a good basis for the future.
What is the situation with the developers? Are there still many working on Litecoin?

Why is Bitcoin high-risk compared to Bitcoin?
Bitcoin is always same risk if we are not in leveraged trading.

And it was just question if Litecoin outperfom Bitcoin.

Of course, Sir.
Long term is always less risk, good decision.

Well we did not see any profits for Litecoin halving just yet. This can be cause we are seeing Bitcoin and other top coins losing profits right now. But we did see 6% loss in just past 24 hours.

But I am not at all worried as LTC holder. The LTC reward drop is not going to be expected until Sunday. So maybe we will see some profits at this time.

https://decrypt.co/151005/litecoin-third-halving-what-it-means-for-ltc

Well we live in extraordinary times don't we?
A war, a few chances to start WW3 and a huge debt crisis everywhere.

It will perform a lot in the coming according to my thinking. Because Litecoin has the ability of bouncing back to regain its original position that it was before. As, we had seen quite a nice performance from Litecoin in some previous days, as compared to its down position, which it is quite amazing.

Agree. Litecoin's price in particular seems not really to react much to halvings. In the prior halvings, 2015 and 2019, the market around halvings - if we consider LTC/BTC -  was even bearish, with major pumps having occurred at times totally unrelated to the halving date (halvings marked in red):

Source: Yahoo Finance
This is not the case this time, when LTC is more or less in a sideways market, slightly bullish with respect to 2022. The brief $115 peak could be related to halving speculation, but this is not totally clear to me, it could also having been caused by euphoria because a jump in the general altcoin market was expected at the time around Bitcoin's 31800 high. As long as Bitcoin stays within its current range (let's say 27000 to 32000), I currently don't expect too much variation in the LTC price.

About post-halving expectations:

LTC has currently a trading volume of ~500 million-1 billion USD per 24 hs. Miners generate only 660000 USD worth of LTC per day (1 LTC=92 USD, 24 blocks/hour, 12,5 LTC/block). Even if they sell all of them instantly, it's only 0,06% to 0,12% of the total trading volume. So they have next to no power on the selling side. After the halving, miners' importance will go to 0.03 to 0.06 %. I don't think that makes much of a difference. But it shows that LTC supply already isn't getting diluted much by miners. Even less than in the case of BTC, where they have 0,1-0,15% (25 million/day, 20 billion volume). Thus we could say that LTC is currently even more "scarce" than Bitcoin, if we only look at the supply side.

These are exciting times for Litecoin. The halving is only one day away, so we should expect prices to "pump" soon. Now it'll be up to developers to introduce something new and fresh that will keep LTC pumping for a long time. Otherwise, the hype will fade quickly after the halving. After all, there are many competitors on the market striving to reach the top.

I'm waiting for the day when LTC becomes one of the top 5 cryptocurrencies in market cap. It's way below newcomers into crypto such as BNB, ADA, and SOL. If LTC does make a comeback, don't expect it to be worth below the "triple digits" ever again. Maybe $1k per LTC will be possible someday? Just my thoughts

Well Litecoin is up 1% just in the last week. And this is with all top 10 coins are losing profits other then BNB and Solana.

Here you can watch LTC creator Charlie Lee and Bobby Lee talk about LTC halving. It is going to happen in less then 2 days from now.

https://www.nicehash.com/countdown/ltc-halving-2023-08-06-11-00

I would like to say that now the price of LTC has not fallen so much compared to other coins. Probably the main thing is not the demand, but the bear market. Now absolutely all coins have lost value, some more, some less. Litecoin is one of the few coins that managed to recover well after the last bottom. Hopefully the price will be above $100 in the near future.

A few years ago, Litecoin had its heyday and had a fairly expensive price because it had a fairly high demand, whereas now it has a low price. My hope is that Litecoin has a good project for the community and is very useful, so that high demand returns to Litecoin and it is certain that the price will easily go back up to being expensive.

Litecoin is best coin there has no confusion. It’s position well  on cryptocurrency market. Now its price is near anout $90. I think  it will go more up in future. I think future bull market Litecoin price will hit $1k. I strongly believe Litecoin will established and it will come more top position in cryptocurrency market. And it’s usability will increase day by day. Never will dead Litecoin. Because it already created his usabilitie. Today or tomorrow litecoin will go nearest of bitcoin.

People are only getting into the hype because of the block reward halving. But they will never consider LTC as a long term investment, especially when the cryptocurrency is behind the competition in terms of development and innovation. It's not about supply, but rather the usefulness of any given cryptocurrency. LTC may have cheaper fees and faster settlement times, but there are other coins that fare better in this regard. Without smart contract capabilities, I don't see LTC getting any traction soon.

At least, we know LTC won't go away. That's because it's a tried-and-tested blockchain with decentralization as its main focus. Who knows if it outlives many of the altcoins we know and love today? Just my thoughts