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Topic: What about Litecoin? - page 8. (Read 1116 times)

legendary
Activity: 3794
Merit: 1030
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May 28, 2021, 05:36:04 PM
#10
Well my biggest bag is litecoin currently and i think it must go up in the coming months.I mostly use this coins when doing business or anything else,its fast and fees are very low so for me its currently the ideal coin and i think its currently really undervalued,not much promos going around it or anything else,but it will jump
hero member
Activity: 3024
Merit: 745
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May 28, 2021, 04:55:09 PM
#9
Not anymore for those meme coins. Do not be surprised because there's a massive correction and most of them are affected. The meme coins have already dropped in value and hype.
And the same goes for Litecoin but before the correction, Litecoin has also taken its share and that's why whenever a coin goes up, it has to go down afterwards.
legendary
Activity: 2688
Merit: 3983
May 28, 2021, 04:49:05 PM
#8
So far, there is nothing that "digital silver" can add and attract the market, as the markets are now looking for tokens, NFT, DeFi and other modern terms, and no one is concerned about max cap currency because they want to invest in the medium and short term, not long.
in the past people use LTC when Bitcoin fees became expensive but now there are too many altcoins that have low fees,
Privacy is a sought-after revolution, but it is not something the market is looking for in the short term.
hero member
Activity: 2926
Merit: 657
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May 28, 2021, 04:18:04 PM
#7
That's right, LTC becomes unnoticed this time as our focus diverted to Elon Musk's promotion, however, Litecoin still in good shape, many investors still do the buying and selling. The normal market flow of LTC still exists and there is no problem I saw with this.

The whole LTC market development will soon arrive and that could still become unnoticed until someone (that is known) tries to promote it and create some hypes. I don't think that was a good mode either, if that ever to happen then we can prove that we are living in a manipulated market.
full member
Activity: 490
Merit: 107
May 28, 2021, 04:06:13 PM
#6
I used Litecoin to transfer funds between exchanges and wallets. Litecoin has very cheap fees and transaction speed is faster than bitcoin. Then I began to use TRON, because transactions are instant and the commission is very very small.
The future of cryptocurrency is smart contracts and instant transactions. If Litecoin Developers do nothing in this direction, they will lose users.

True, i remember using Litecoin as Arbitrage tools between exchange before i realize xlm and trx are cheaper and faster.
I think litecoin should adapt with that issue soon or they will really lose the competition.
legendary
Activity: 1932
Merit: 4602
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May 28, 2021, 04:01:38 PM
#5
I used Litecoin to transfer funds between exchanges and wallets. Litecoin has very cheap fees and transaction speed is faster than bitcoin. Then I began to use TRON, because transactions are instant and the commission is very very small.
The future of cryptocurrency is smart contracts and instant transactions. If Litecoin Developers do nothing in this direction, they will lose users.
hero member
Activity: 2870
Merit: 594
May 28, 2021, 03:52:39 PM
#4
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.
legendary
Activity: 2156
Merit: 2100
Marketing Campaign Manager |Telegram ID- @LT_Mouse
May 28, 2021, 03:45:00 PM
#3
Last time I've checked, LTC developers announced the "Mimblewimble" privacy technique. I don't know if it's already been implemented since I haven't been catching up with the project's progress.
It’s still in test mode. There’s no fix date for the release. If I'm correct, I have seen it will be released on March 2022. Anyway, you can check out the update here- https://litecointalk.io/t/mweb-progress-update-thread/26678/1
And if you are active in telegram, you can join this channel for more update- https://t.me/MWEB_Testnet
legendary
Activity: 1512
Merit: 4795
Leading Crypto Sports Betting & Casino Platform
May 28, 2021, 03:35:45 PM
#2
Litecoin wasn't stagnant, I remembered there was a time in 2020 its price was $40, it increased to over $300 this year, which means it is not stagnant, but it is not increasing to the extent you expected, but it actually increased. Litecoin was part of the first seven cryptocurrencies in marketcap but now fourteenth. One of the reason I think litecoin lack behind is that it does not have tokens, just like DeFi projects that also will increase its price, if its blockchain supports many tokens like ethereum, its price would have increased more. I think litecoin is worth holding as it will not be the only coin your are holding, it is possible there will be one time its price will increase than expected.
legendary
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Merit: 1363
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May 28, 2021, 03:25:57 PM
#1
The "Silver to Bitcoin's Gold" has been out of the spotlight for quite time. I'm surprised this is happening with LTC since worthless coins like Dogecoin and SHIBA are getting all of the attention in the mainstream world. Unlike the aforementioned coins, Litecoin with only 84 million coins that will ever exist. One thing for sure is that Litecoin is faster and cheaper than Bitcoin. If DOGE went all the way from being worth nothing all the way to nearly $1 per coin, then Litecoin can do much more than that.

Last time I've checked, LTC developers announced the "Mimblewimble" privacy technique. I don't know if it's already been implemented since I haven't been catching up with the project's progress. Adding new features to a Blockchain should make the underlying cryptocurrency soar all the way to the moon. Yet, nothing is happening as LTC remains stagnant in price.

Am I missing something here? What do you think may be the cause of Litecoin's stagnation? Will it have a future? Do you think it is worth buying and holding for the long term just like Bitcoin? Your input will be greatly appreciated. Thank you very much. Smiley
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