Topic: Opinion on LTC as an investment? - page 2. (Read 467 times)

Well if this is 2017, then I must say that it's has the potential. But moving forward in 2024, and we have seen LTC didn't move that much in the last bull run. Although it has gotten to a new all time high in 2021, the movement is very slow for this version of a bull run.

And I will say that it might a nice to have crypto in your wallet, but to say that it will give you huge profit in this bull run? I doubt it though, it is still way below at -70% of it's previous high, meaning there should be like a pouring of investment to LTC so that at least you will break even in 2025. And with a lot of meme coins and hype coins right now, I do not see investors prioritizing LTC for that matter.

LTC is another man's digital silver, and it truly has potential, in my opinion.
It was discussed in many threads beforehand, and it can be said and truly believed in - because the project is genuine and has a good community.

Just getting to know about this now, thanks. Which means that is one is investing into litecoin, they should plan to sell during time that there's high fee on the Bitcoin network because after then, the price  will definitely declined. Altcoins investment should just be handle with proper knowledge in other to not face so much lose. One with good knowledge will at least know when to sell and take profit.

In the meantime there is a whole exchange, FreiXLite, where everthing trades against LiTeCoin so that could provide some usefulness to one's LiTeCoin while waiting for other action.


-MarkM-

I believe with the way they are improving LTC, and with the ETF, we are going to have a lot of improvement. I have seen what ETH did after the ETF, it wasn't huge, but it was good enough, and I believe something similar would be insane, but I do not know when that will be accepted, it may take a while and I believe we are going to end up with a much worse situation without a doubt.

I believe we need to consider how to get a greater return from LTC if we invest now, but also willing to wait whatever we need to wait. ETF may not be accepted tomorrow, it may take a year, and then we won't be in a bull run, so things may not fit perfectly, we need to be willing to wait. If you say you can do that, then you could profit from this.

I dont think litecoin has the best potential for investment in the long run. The benefits of this coin are for faster and cheaper transaction practical for everyday payment.

If you are looking for a long term investment, I would still choose bitcoin because it has a much longer market cap, broader adoption, better stability and institutional interest in the long term.

I would advice you to be careful with Litecoin, I am not expecting it to reach a new all time high in this bull season, to be honest.
You must keep in mind Litecoin is mostly used as a vehicle of value and a way to transmit money in a decentralized way, while Bitcoin has more long term holders than Litecoin has.
It would be better if you further diversified your portfolio with coins related to smart contract chains which have a higher potential to continue to increase in value through time, instead of keeping all that litecoins. However, if you are planning to co tongue holding them, you better have a realistic exit plan for your Litecoins and not to get carried away by the FoMO and buy more positions when you were supposed to sell the initial ones.

Good luck 

Sure it's true, no hidden facts, we experienced a high fee last year when transactions cost around $20-40 to validate. Litecoin experienced their highest transactions during the ordinal days. This year same thing also happened which helps the periodic growth of the coin.

LTC bull run depends on Bitcoin's network congestion and high fees. At a time people needed to trade with altcoins because of the Bitcoin fees, low transaction fees and fast network validation of transaction got the coin more traders. And it will also help its growth. Although time is a requirement for holding assets, but the profits could be meaningful later on. It has a periodic demand time, but still benefits from Bitcoin's growth.

everything can be seen from the movements that occur, so it can be considered before investing in LTC it takes precision, every decision taken is a step that needs to be seen before investing, however it all depends on the view of it with the value of the crypto, and all the information available is certainly inseparable from the current market news sources.

Litecoin is one of the most actual coins, most recent updates date 2024
https://github.com/litecoin-project/litecoin/releases

Furthermore the ETF is filed. https://litecoin.net/news/litecoin-etf-filed

If there is one thing I know about altcoins, I know that they usually shows different price actions during every bull season. It's possible to invest into an altcoin now with the hope that the price might pump so well on the long run but it might end up not performing the way you expected it and you don't even know when it will surge high again. So, I don't think I will hold LTC as a long term investment, depending on the price movement, I could decide to hold the coin for a short term.

Why would you invest in Litecoin when you have Bitcoin as the best investment you have? I think that is a personal decision so we cannot force you to leave Litecoin as your investment. Litecoin can be your investment but not for a long term because Litecoin will follow Bitcoin price. Perhaps you can only use Litecoin as an investment for a short or medium term. When the price reaches the new ATH, you can sell it and take your profit. Litecoin can give you profit but we don't know when you can sell it so be careful with your decision. It is better you use your money to invest in Bitcoin for a short, medium, and long term but we always suggest to hold Bitcoin for a long term.

There are few reliable coins among other coins in the market and LTC will definitely have an important position in the list of reliable coins. This coin makes the market reliable because other coins enter and disappear from the market in this coin market but we have not noticed anything like that. We do not see much volatility in the market of this coin so this coin can definitely be relied upon.

why don't you just settle with BTC? because seeing from the price performance alone you'd see BTC keep breaking ATH while LTC keep getting far away from ATH, investing in LTC as of now just doesn't make any sense at all.
you'd either settle with the best of the best like bitcoin or risky altcoin that's recently deployed just to tap into their potential of ATH.

LTC on the other hand, it's not the best yet it's not the newest either therefore lacking big institutional investor and lacking attention from retailer.

just can't wrap around using LTC as investment, though there's still a chance that litecoin might go up because recently people rotate their BTC to old alts for alt season. though now BTC dom increases again.

If I actually had any LiTeCoin I would use it on FreiXlite exchange not simply to pick up DeVCoins cheap but to actually build up DeVCoin there using my usual huge columns of buy and sell offers strategy.

If history still rhymes that would tend to build up my reserves ("bags") of DeVCoins while also from time to time allowing me to "thin out" out the buy-side (the LiTeCoin) offers to take some LiTeCoin out as profit or maybe even to spread to more pairs on FreiXlite, as I know the Frei exchanges carry interesting old coins so maybe their lite side offers more than just DeVCoins as possibly interesting coins.

(I know for example their bitcoin exchange, FreiExchange, carries IXC and I0C that I have been into for a long long time and also, I think, things like UNObtainium that I probably would have added to my merged mining had I not phased out of mining about the time that I noticed it. It might have gosh knows what other cool ancient coins, haven't really looked yet for more options. It might even have SYScoin?)

I could of course in theory just send some actual DeVCoins over to FreiXlite to get started but not interested enough in LiTeCoins to bother.

It might take a lot of time because trades on the Frei exchanges aren't particularly frequent but might not take much actual doing to "ratchet" DeVCoin back up to where they might be able to turn back on its BTC/DVC pair on their main exchange, which it bottomed out of upon falling below one actual bitcoin-satoshi per DeVCoin.

The longer term possible "gotcha" with DeVCoin is its main current leader could if it does go up a lot turn back up its minting, which I would hope would be well planned and with good plans for how to keep its value up if minting was increased but historically DeVCoin seems to have had a history of throwing its minted coins at stuff that didn't really help or support it...


-MarkM-

Like what? I was thinking about trading it for Eth for long term instead since LTC has an iffy future.

Yes, indeed, the movement of LTC is fairly slow, from the fundamentals affecting the price of LTC that occurs, even though users and investors assess all its movements before entering and that's what happens, by investing in LTC is still done by many people who believe in it, even though by looking at the overall market sentiment it is the best thing to do.

There are better cryptocurrencies to invest in than Litecoin but there are lots worse. If you bought today for example, I think you would at least treble your investment within 12 months but like I said, there are better cryptocurrencies to invest in. As a long term investment though I would not be interested in it.

If Bitcoin is the gold of this market, it's been said once upon a time that Litecoin was the silver. So, it's up to you whether you'd consider LTC or ETH to be the silver of this market.

But utility-wise, LTC is also cheap in the transaction fees so the use case is there and the community that it has built is staying up to this moment.

People always think that putting money on Bitcoin won't give them such returns, you might want to rethink that. But it's up to you if you don't want to but we always advise to pick at least some Bitcoins for your portfolio while keeping those LTCs.