Topic: will LTC finally have a good run and go over $100! - page 2. (Read 1050 times)

Of course. It's all about making money. And LTC doesn't bring that "excitement" as much as other coins. No NFTs nor "memes" of any kind, removes the possibility of speculating on LTC's market price. It really doesn't matter if investors choose other coins instead of LTC. As long as Litecoin remains useful, there should be nothing to worry about.

I'd say LTC is one of the most decentralized and secure blockchains in the world. It's as close to Bitcoin as possible. At current market prices, LTC's fees are dirt-cheap. You can send money with it around the world for pennies (literally). If prices go up, it will be much more expensive to use LTC for daily payments. Developers are still working on the project, so I'm hopeful it will stand the test of time.

I've heard rumors that applications for Litecoin spot ETFs will be submitted sometime in the future. Very bullish for the cryptocurrency if approved by government agencies. Crypto land often behaves in many strange and bizarre ways, so expect the unexpected.

It's caused by investors' perspectives starting to change. They're realizing that if smart money is always moving, it's going to the new, hyped cycle. They're going to hyped projects to get the tokens, then take huge profits on a short investment.

They're not even interesting anymore in the old token. They don't want to get their money trapped in an old token with an outdated use case, like LTC. I see no reason for LTC to shine in the long term. It's an outdated token now. It's not attractive enough to attract the smart money to come.

That's why an old token is always stuck at the same price. The hyped tokens pumped hard and hit new all-time highs.

$70 per coin is a bargain, tbh. Not even close to LTC's ATH. But if the market continues on a bullish trend, it's likely LTC will reach a new ATH soon. All eyes are on Bitcoin getting past $70k for the altcoin season to begin. No matter how high LTC will go, it'll always be faster and cheaper to use than BTC. A crypto of choice for daily payments among many people. It may well live up to its name of being "Silver to Bitcoin's Gold".

I have to say the developer team needs to ramp up marketing efforts if they want people to notice all of Litecoin's benefits. For instance, LTC can be used for privacy-oriented transactions thanks to the Mimblewimble protocol upgrade. Only available on the Litecoin Core wallet software, though. I'm hoping mobile wallets get the feature for mainstream use of such privacy technique. And don't get me started on Litecoin's implementation of the Lightning Network. Who knows what surprises we'll find in the future?

Investors do be going into the projects sometimes for the hype only, even if their use cases sound good, they may be the same candy in a different wrapping.
However, I do believe that LTC will shine in the long term.

although that's true, we can't just shrug off the fact that litecoin is among the most widely adopted coin used for payment, I think this use case is the only use case that helps greatly litecoin in retaining its value, but nonetheless the fact that it lacks innovation will also making it lost its market share as the time goes.

maybe it's time for Litecoin to have its L2 that enables smart contract capability? but I agree with you, investor losing appetite over old coin is real, so many old coin has been consistently losing their market cap over the course of the year, mainly because the nature of crypto market, always hyping up the new coin and abandoning the old one because the old ones deemed to yield less profit than the newer ones for investment.

There is definitely some reasonable situation where we are going to see the current price go up eventually, getting to like four times higher than what we are dealing with right now will end up with a lot better situation and will end up with better results for sure. I know we are going to end up with results that will not be all that crazy at all. Just realize how LTC is a great coin and we are going to see how this is going to be something that we can deal with at the moment.

This is why I believe we are going to see LTC price will be 400 dollars and do look like we are going to have that when the all time high happen here as well. Having "high" expectations will end up with a lot better situation and shouldn't really be worried at all, we are going to see hopes with this level.

Investors are beginning to lose appetite on old assets who have lost it potential in the market or altcoins that have already passed their glory days and at that buying them for future sake may not give you the same potential as like new coins in the market and that is why we can't predict or speculate their future for now regardless of how much bitcoin is worth in the future.

Having in mind that litcoin may not have that potential to reach it previous all time high even if bitcoin reach $100,000 or even above that price, so for sure we have more coins with great potentials that are much greater than that of litcoin.

Abiky said all the good about it (most of the good stuff ), so, yeah.
It's better to keep it on the radar going forward. Because it sure does have the potential.

The ATH was 400$ avobe. So we expect a lot from LTC. We all know that LTC is a great potential project. Its an old coin of the market. We have seen it went along btc and eth for many days. Though ltc has downfall as the whole market fall had fallen badly. The price is around 70$ now at the moment and also it has good volume with marketcap. So it can be surely said that it has much and more potentially to go up and also it has great future. So we can get a lot hope for ltc. I am holding my fund and also trying to accumulate. Let's see how it react with the market.

Yes you are right but then, do we consider it a failed project or what? because from your explanation it seems that the price is declining when bitcoin tends to gain traction on the market. Most people do not consider it that way because they see it as coin that is alternative of transaction and I think have used then for transaction and it was far way very cheaper but never used it currently to perform any payment don't know if they had adjusted their fee as well or still less expensive for payment.

Of course. It's even cheaper than Bitcoin Cash. I'd use LTC for payments anytime. For long-term wealth preservation, Bitcoin is the only answer. I sure hope LTC stays cheap and fast to use forever. Increased network activity will only lead to high congestion in the long run. Litecoin's TX capacity is far greater than Bitcoin's thanks to the reduced block time of 2.5 mins (compared to BTC's 10 min block time). It has the Lightning Network, and Mimblewimble for the privacy-oriented. An undervalued cryptocurrency, in my opinion.

Perhaps, the launch of spot ETFs for Litecoin will increase demand in the long run? One can only imagine. With a limited supply of 84m coins, it would be dumb enough to ignore such a hidden gem. Just buy, "hodl", and forget about the rest.

Do you think we will see it movin' in 2025?

LTC is one of my always favorite altcoins, if you use a decent wallet the fees are literally well below a penny USD, so actually zero. Plus, it is usually pretty stable and can be good for trading when it finally moves.

As d5000 and other members said, the potential is there, so, only time will tell.
I do hope and wish LTC all the best 

If you don't have the skin going for LTC - sure, you can leave it.
But as the d5000 said, even though the coin isn't mainstreamed and used that widely currently, it does have potential, and what it means for us is that it would have potential not only in use cases but also as a potential investment. That's my view on it. Thanks for your thoughts.

well still the point is if Litecoin will act like meme then that proves one thing and this is that Litecoin is also now a pump and dump currency.

While I am not a fan of memecoin then I will not also using litecoin the same way.

lets stay away to currencies that will not give us great return in the coming years?  holding ? this is for me a nonsense way of treating investments .

While you're somewhat correct this is not entirely correct. Litecoin is the first major coin which has implemented Extension Blocks, which is a kind of L2 very similar to a sidechain, but "tied" very closely to the layer-1. Extension blocks were discussed in the scaling debate in 2016/17 for Bitcoin. LTC uses extension blocks for the MimbleWimble (MWEB) feature, but it can also be considered a scaling mechanism.

This has probably mostly traditional reasons. LTC was used widely since the first big altcoin boom in 2014 to trade small coins with values per unit close to a satoshi. And LTC, as its unit isn't so pricey, can offer more granularity - if you have a coin priced at 2 sat for example, then if trading with BTC you would likely have a bid at 1 sat and the ask at 2 or even 3 sat, which would mean that the bid is only half or even a third of the ask Not to mention coins with values below a satoshi, which could not have been traded for BTC (without introducing a sub-satoshi unit locally at the exchange).

Litecoin has always been under the radar of mainstream investors and traders alike. It's widely unpopular, especially because it doesn't bring any innovation to the crypto/Blockchain space. By innovation, I mean smart contracts, NFTs, L2s, and whatnot. It's as simple and close to Bitcoin as it gets. Suprisingly, it's one of the coins with the most trading pairs on the market. It also has high liquidity and trading volume.

Can LTC reach $100? Yes. But not on its own. Only a massive bull market triggered by BTC will help it reach such valuation. I would've expected more from a coin that often proclaimed itself as "Silver to Bitcoin's Gold". With a limited supply of 84 million units, LTC should've been in the thousands by now. At least, the LTC blockchain is alive and running as usual. Tried and tested, unlike Solana and the rest of the other "shitcoins". Who knows how far will it go?

If it happen, that will gives the investor big profit although not as big when the ATH of litecoin is above 400 dollars. So Litecoin could be one of many hidden gems to those investors who still search for the coin.

The price of Litecoin now is not too high and if we see the trend in the market, it seems Litecoin could be down if Bitcoin price down for more. So that can be a good time to accumulates Litecoin at a lower price.

That will be good if somehow Litecoin could only touch previous ATH. But the investors want to see the price will increase more than last ATH. I imagine if 1 Litecoin can be at $1k

This is probably the reason why LTC stagnated in the last months. LTC (and other altcoin) hodlers saw that the Bitcoin price was going up significantly due to the ETF rumours since late 2023, and then after the final ETF introduction in the US in January 2024. Many have probably taken profits in the region around $100 and then invested them into BTC which looked healthier, and the LTC price dropped again.

Now what will happen in the future with the LTC/BTC market? That's of course quite difficult to predict, and I will also not try to shill anything.

In my opinion everything depends if the LTC/BTC market is generally in an equilibrium, where price swings do happen but are not significant -- this would mean that the current lower LTC/BTC price is caused by short-term speculation, like the profit taking/"riding the BTC wave" I mentioning above. This would mean that eventually the LTC/BTC market would be oversold, i.e. everybody who wanted to sell their LTC to buy BTC would have sold, which would allow demand to take over the market again and rise the LTC/BTC price.

Alternatively LTC could have a serious adoption problem, i.e. the growth of LTC users would be systematically slower than the growth of BTC users. This would justify a decrease of the LTC/BTC price.

I however am quite more fond of the "equilibrium" theory. The reason are simply the statistics I posted several times here. Litecoin is used more for transactions every year, it's the leading payment coin, its development is healthy, and there is an interesting synergy with Dogecoin which is merged mined and provides additional security.

Some stats which show that market cap is the only indicator where LTC really lags behind other major coins:



Source BitInfocharts (these images are from a few weeks ago, but the current ones look very similar, simply follow the link).