Very top project and secure than many top coins. Transaction fee is also reasonable. We have not seen any updates in this coin For long time. It's price is very down from all time high where price was above 400$ in January 2021 and now it's trading below 70$. When market recover Ltc price will also go up and we may see 150$ in bullish market.
There is a good case to be made about the situation where price could go down when the market goes down as well. This means that the price will go up and down based on the market as well. This should be something that we need to consider with all the good ones, like ETH went down as well, when all of the markets goes down, of course, ETH goes down as well. The difference is that ETH is up compared to its previous ATH (1500 in 2017) whereas LTC is not like that and this is a problem. I am not saying that it will not be 400+ dollars in the future, of course it could be, but it will take a while before it could get there.
All altcoins will definitely be affected by the current market decline, including Litecoin, whose price is decreasing at the moment. But because
Litecoin is an old project and already has a fairly large community, investing in Litecoin can be a good choice. Moreover, the price of Litecoin is
very low right now, so it is indeed a good time to buy Litecoin at the current price. But when compared to ETH, of course ETH is much better,
because after all ETH does have a higher demand than Litecoin. Not that because ETH is better than Litecoin, hence making investment
in Litecoin unprofitable. It would be better if we decided to invest in both, because both of them are potential old coins in my opinion. It's better
to invest in several potential coins than only investing in one coin. Even though Litecoin's price recovery may not be as fast as ETH, but as long as
we can be patient holding Litecoin, I believe investing in Litecoin is very profitable.
Maybe I predict Litecoin at least by the end of this year can return to the price of $ 200, because soon the bearish trend will end. Meanwhile,
to reach the price of $400, Litecoin will take longer, maybe in about 2-3 years Litecoin will return to the ATH price. Because we know
the popularity of Litecoin is decreasing, because some new projects that appear are better than Litecoin. Maybe the Litecoin development team is
less active in developing and promoting Litecoin, so Litecoin should be able to learn from ETH and BNB, which is quite successful in attracting
the attention of investors.