It seems to me that Litecoin's development progress is quite slow. A lot can happen in the crypto/Blockchain space within a year from now. The much-awaited privacy feature could keep things going for Litecoin once it's released by 2022. It would be worth waiting for its implementation as long as developers make it as perfect as possible. Testing a new feature before release is key to ensuring its stability and reliability in the long run. Where Litecoin's price will move to after the upgrade, is the real question. I'm hoping its goes higher in price once Mimblewimble is released. But without a proper marketing/promotion strategy, it might get unnoticed by mainstream investors and traders alike. At least, Litecoin has been up and running without issues since its inception. As long as there's a community behind it, nothing else matters.
I'll be following the provided Telegram channel for more updates. Thanks!
It's because there's no one to shill Litecoin, that's why the price is tanking.
So it's a so-so performance, no update on the devs, while other altcoins are busy updating and releasing new version. So obviously, investors are not sold on Litecoin right now, they would rather put their money on something that will make it grow, like ADA, Doge and others. So it just followed the altcoin bull run and can't maintain it price.
Exactly. That's what I've thought in the first place. No marketing/promotion for Litecoin, means no demand on the market. We need someone like Elon Musk to promote Litecoin so it could soar all the way to the moon. Otherwise, prices will stale as people focus on other big players on the market. What matters is the usefulness of the blockchain in question.
So far, Litecoin has done its job well as being an alternative cryptocurrency to Bitcoin focusing on high-speed transfers at a fraction of the cost. It's been relatively stable since it's inception, thanks to its decentralized and censorship-resistant design. Litecoin might be able to last a lifetime if the community continues to support it. Price per coin doesn't matter as long as the coin is actively traded on the market. We'll see how far Litecoin will go as the competition becomes fierce in the crypto/Blockchain space. Just my thoughts