Why LTC stuck on same price range? - page 2.

TheUltraElite

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So anyway, I applied as a merit source :)

Quote from: harizen on December 08, 2021, 05:07:01 PM

Day traders should always consider LTC on their list. That price swing within just a specific price range is good for short-term trades.

Day trades are the reason why LTC still has some movement happening and the "activity" on the market.

Major use I see is gambling on casinos, the inherent brand name of second to bitcoin which came before it was taken over by ethereum on the basis of market capital. Much like what DOGE has become some few years back with bigger crypto-based casinos using it as third to bitcoin, although it is not the case anymore with ranks.

Even then if you own some litecoin, dont expect huge movements, it will follow bitcoin and with every small development if it happens, will raise the price by another 50$ max.

Kadal Ijo

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Old coins such as Litecoin, ETC, Dash, NEO and so on seem to have difficulty competing with new coins, the thing that must be done immediately is to make innovations such as adoption to NFT and Defi so as to make investors come back again, if only relying on the old system I'm sure in a year Litecoin will out of the top 100.

eaLiTy

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Have Fun )@@( Stay Safe

Quote from: ?? on ??

The real developer of LTC already left years ago and now it needs improvement in the project, if new developments are made in the code and new features are introduced then only LTC can get a boost in the price but if nothing new is introduced then the price will also remain the same, if not it can also fall because of people loosing their intrest in the project.

The Litecoin github is updating and there are changes going on in the background but it is not celebrated like we used to do for BTCitcoin, but one aspect is true Charlie Lee sold all of his holding during the last rally and he was even vocal about booking his profit and i doubt whether he has any meaningful asset in his bag, literally he created the project to make money and got out when it was shinning high Wink

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TheGreatPython

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Quote from: choetech on October 30, 2021, 01:28:40 AM

LTC accepted all over the world but it's price still low
same as last 4 years
why it's stuck on same price range?

Litecoin is one of those few coins that I do question a lot of times, because I don't really get why it is not growing. It was one of those early coins that were created immediately after bitcoin was released into the market as the first coin, it was the first coin I knew that came as an alternative to Bitcoin as a faster means of transaction.

But, it has had problem growing like others. It hardly even trends these days, although it did trend in the year 2017, but the trend wasn't that much and after that it still went back to the same range. Look at the market cap, it is around $11 billion, while SHIB that has just been out for a short time has already surpassed it with a market cap of double, $20 billion and higher trade daily trade volume.

Ngewex Yuk

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Since I got to know crypto or about 6 years ago, Litecoin is the second altcoin I've ever bought after Dash and Ethereum, of course what Litecoin has achieved so far I think is good, maybe many holders think that Litecoin is stock up until now because of competition from around 15k which makes Litecoin look stuck, maybe surviving is better than innovation that fails like other projects.

harizen

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Quote from: ?? on ??

The real developer of LTC already left years ago and now it needs improvement in the project, if new developments are made in the code and new features are introduced then only LTC can get a boost in the price but if nothing new is introduced then the price will also remain the same, if not it can also fall because of people loosing their intrest in the project.

Honestly, no need for development. In a volatile market, once a coin already established a good foundation, it can be attempted to be shilled intentionally. If meme coins can be shilled, what's more for a fundamental coin. Right now, only whales can dictate and trigger LTC to make a hype.

Day traders should always consider LTC on their list. That price swing within just a specific price range is good for short-term trades.

iv4n

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Well, that "stuck on the same price range" can be good, right? You know the bottoms and tops, of course, it takes time for the price to run a cycle but that happens, and for people who follow there's profit with trading LTC pair!

Quote from: mindrust on December 08, 2021, 12:29:14 PM

Even its creator abandoned it and sold his coins. It is cheaper and faster than bitcoin and has that is it offers. Guess what, there are hundreds of other coins that offer the same thing so litecoin isn't anything special. It has a fairly good adoption though. Most casinos still support it that's why it can't really die but it also won't melt faces neither.

I feel like that happened centuries ago...

I remember Charlie Lee's tweet and many discussions about the decision he has made! I guess you are right, there are better coins, and probably nothing special will happen with Litecoin in the future, but still, it survives at 3 digits! So it's good for having fun with LTC trading it or gambling with it!

AmoreJaz

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Quote from: nikola22 on December 08, 2021, 02:45:24 PM

Quote from: Pffrt on December 08, 2021, 01:05:25 PM

I had accumulated a lot of LTC for quite a long time and it was a total waste of my money if I consider the BTC gain. I'm really surprised that LTC wasn’t even in the pump for a single time. It was $25 earlier if I'm correct but against BTC price, it lost a huge value. It's developer isn’t active I think that's the reason for not getting enough pump.

LTC developers promised to activate MimbleWimble protocol till the end of 2021 and this could be a reason for rally. but due to delay activation will happen only in January.

we will see if the ltc developers are up to their tasks here. because before there were rumors that they are not doing anything substantial to this project. but i guess we don't know the real score here.
what i like with ltc is this is an old alt, which up until now, their fees are one of the cheapest you can find, and are present in most trading platforms. so this alt is really good if you are after for transfer purposes.

nikola22

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Quote from: Pffrt on December 08, 2021, 01:05:25 PM

I had accumulated a lot of LTC for quite a long time and it was a total waste of my money if I consider the BTC gain. I'm really surprised that LTC wasn’t even in the pump for a single time. It was $25 earlier if I'm correct but against BTC price, it lost a huge value. It's developer isn’t active I think that's the reason for not getting enough pump.

LTC developers promised to activate MimbleWimble protocol till the end of 2021 and this could be a reason for rally. but due to delay activation will happen only in January.

Pffrt

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I had accumulated a lot of LTC for quite a long time and it was a total waste of my money if I consider the BTC gain. I'm really surprised that LTC wasn’t even in the pump for a single time. It was $25 earlier if I'm correct but against BTC price, it lost a huge value. It's developer isn’t active I think that's the reason for not getting enough pump.

mindrust

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Even its creator abandoned it and sold his coins. It is cheaper and faster than bitcoin and has that is it offers. Guess what, there are hundreds of other coins that offer the same thing so litecoin isn't anything special. It has a fairly good adoption though. Most casinos still support it that's why it can't really die but it also won't melt faces neither.

Hispo

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Quote from: Teknisi88 on December 08, 2021, 09:37:17 AM

Even though you see LTC in the same price range, but LTC has made a lot of progress and has even been included as a payment tool in Venezuela's main international payment system.

What do you mean, it was included as tool in "international payment system" in Venezuela?

otreza

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If the (bullish) trend continues, it could well be worth $300. Everyone likes it because it is not expensive and fast, with low commissions. The truth may lurk in miners, it is available information, whether mined coins are sold now at the current rate or held to a better price.

Ondekinecakabilirim

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Quote from: choetech on October 30, 2021, 01:28:40 AM

LTC accepted all over the world but it's price still low
same as last 4 years
why it's stuck on same price range?

After 4 years, the whole world has changed. Everything has changed. Universe, space, earth, people. Nothing remains unchanged. Litecoin has not changed and remained the same. Who wants to buy outdated technology? Would you pay for outdated technology? Do you want to buy an old model cell phone? Therefore, Litecoin price remained the same.

Rahman11

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Litecoin price and other major currencies jumped on news from Tesla's CEO.
Overall risk-on sentiment in the markets is creating a favorable tailwind for cryptocurrencies.
LTC is, however, still not able to break out of a bearish technical play.

Sayeds56

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Eloncoin.org - Mars, here we come!

Quote from: choetech on October 30, 2021, 01:28:40 AM

LTC accepted all over the world but it's price still low
same as last 4 years
why it's stuck on same price range?

You are absolutely right. LTC was my first investment back in 2018 when I joined crypto space and since then i have been holding it. It was considered as Mini BTC but unfortunately it has not shown its real color and it has also lost its Rank on coinmarketcap from 4 to 19 now despite the fact it is considered one the most popular payment system. Its price should be at least $500 considering its use case but its recent ATH was around $375. Its team should add some new features to improve its use case to make it more attractive for investors.

Teknisi88

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Even though you see LTC in the same price range, but LTC has made a lot of progress and has even been included as a payment tool in Venezuela's main international payment system.

Kodok Bencot

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I think the very tight competition makes investors always look for better and more profitable ones, as we know that Litecoin is an old coin and there is no significant project development, the team seems to be satisfied and let whatever happens in the market so many investors prefer it. with ambitious new projects and certainly higher profit opportunities than Litecoin.

dimonstration

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Dimon69

Quote from: Nalbo on December 08, 2021, 08:24:54 AM

Quote from: choetech on October 30, 2021, 01:28:40 AM

LTC accepted all over the world but it's price still low
same as last 4 years
why it's stuck on same price range?

LTC has lost it's cause. The founder sold most of his coins and got out of it and the volunteering team did tried to bring some changes but it was not enough. LTC originated as a cheaper and quicker alternative to bitcoin but as we know there are much more cheaper and quicker alternatives and a lot of others for manipulating investment as well as real use cases. There's no more reason for people to buy and hold or transact litecoin as there's bitcoin already and a lot more and better options.

Indeed, The founder itself sell his holding so how the heck will new investors invest on this project while the founder take profit and move on. Your explanation about LTC is just an alternative of Bitcoin is on point and I think that's the main reason why the founder take profit already since he knows that the project is already reached its limit while still inferior to new blockchain that comes from Ethereum Idea. Smart contracts is the cutting edge feature of most famous blockchain right now while LTC and other forks of Bitcoin is still performing very low compared to its new rival.

Nalbo

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Quote from: choetech on October 30, 2021, 01:28:40 AM

LTC accepted all over the world but it's price still low
same as last 4 years
why it's stuck on same price range?

LTC has lost it's cause. The founder sold most of his coins and got out of it and the volunteering team did tried to bring some changes but it was not enough. LTC originated as a cheaper and quicker alternative to bitcoin but as we know there are much more cheaper and quicker alternatives and a lot of others for manipulating investment as well as real use cases. There's no more reason for people to buy and hold or transact litecoin as there's bitcoin already and a lot more and better options.

Topic: Why LTC stuck on same price range? - page 2. (Read 533 times)