Topic: will LTC finally have a good run and go over $100! - page 3. (Read 945 times)

It may not happen soon but we need to ask ourselves if it will happen at all? And I think the answer is most likely positive, after all the ATH of litecoin is above 400 dollars and bitcoin is yet to experiment the bull run that we know that is coming, so even if litecoin was only able to touch its previous ATH, that could be more than enough to produce massive profits for anyone holding it long term or for someone that could be interested in diversifying their portfolio.

One of the bigger reasons is because of familiarity, people know about litecoin, while other coins and tokens are not always as much known as litecoin, we know what litecoin is about. So when it comes to bull period, we see everyone flock to what they know, and litecoin goes up a lot at times because of this reason. We can't predict if it will explode, but we know it will do fine, with a bull run, if bitcoin is going up a lot, then litecoin is a coin that will do fine along with it as well, most probably.

Not a lot of projects can say there is a direct connection, most projects could crash if something goes wrong, litecoin had many periods where things went wrong for it but did alright and still surviving after this much time.

Why a coin with a good use case and overall community can't get over the barrier, and a meme can?
I do think that it's possible, you just gotta have some skin in the game going for LTC.

That long time ismore than enough to realized that you are in the wrong altcoin mate , Litecoins good days have long gone and no  more chance for this to regain its best price(not unless being pump and dump)
better to purchase a coin that has better future like Binance and Cardano .

this cannot even recover to 100$.

I am not sure if LTC can breaks $100 barrier in a short time but could happen in the next altcoin season which we don't know when. If you believe LTC can increase, you should hold until the price rise. If you bought LTC when the price $39, you are now make a nice profit. But if you want more profit, you should hold it for more although we don't know how long you can hold. I have a feeling when Bitcoin can increase more than $100,000 in the next bull run, that can impact to altcoin including LTC so the price can be more than $100 again. But that is just my prediction and you should research for more.

It depends on the faith put into it, though, you are right that LTC wasn't that good for the recent time at least: however, as it was said, with the right developments and improvements it can be talked about more in the future and the community is not dead at all - LTC has the potential to be better in the future both market and technology wise.

You should have changed to another altcoins that holding this long because litecoin is not getting any better now and still falling each year .
\100$? that is not even 1/4 of the ATH lol .

Ah, I understand your point better now, thanks for clarification.

Yes, these coins were of course mostly launched by miners with good CPU or GPU equipment, Litecoin included. And early miners indeed got rich, like Charlie Lee as the best example.

The fact that a coin like LTC could however sustain a good development pace, updating its code regularly to the newest Bitcoin features like Taproot, and with own features like MimbleWimble and Extension Blocks which aren't present on Bitcoin, shows that its general health is quite good.

What it misses is however currently to "score points" in the "attention economy" category. The Litecoin Foundation seems to spend some money to marketing but of course premined blockchains, where a lot of tokens were allocated to a "Foundation" or "Treasury" already at the start, are at a huge advantage in this point, because they have relatively freshly printed coins to distribute for marketing efforts. LTC's foundation is probably fueled by a few early adopters and some new donations.

I guess also the current price weakness (fall from about $100 to about $60-70) could have been partly caused not only by the Bitcoin weakness but also because of decrease in popularity of the Ordinals protocol, which was quite popular on LTC for some time and might have fueled some (irrational, because it's not really a good protocol) hope in early 2024.

So I would recommend the LTC community to focus on some new development in areas which can really benefit from the low transaction fees. Here I've recently proposed to port simple smart contracts (DLCs) to LTC. I also think a direct P2P on- and offramp solution in the style of Bisq (which doesn't support LTC<->Fiat afaik) would increase its attractivity.

That's why i continued: "No one just wanted to develop them for free." Because as you know, before icos and tokens, there were mostly only PoW coins (Pos was in experimental phase). And by most of them just didn't go anywhere, because they were hobby projects without funding (or scams). And if we think that today's markets are too saturated with new tokens to form communities without money, i think that in early days, markets were saturated as well, but just for smaller group of people.

Even those TOP 100 coins that are fair launch, have rich developers, or some kind of treasury worth something, (excluding doge, as that doesn't even need development and marketing was community volunteering), so that they can hire developers or even marketing if they wanted to.

One can counter that argument with three reasons:

1) Bitcoin has had an exceptionally good early bull market these last two years. This can be probably attributed mainly to the US ETFs. Which are lacking at altcoins (with the exception of ETH, but on ETH they are another story, because of the "no staking allowed" problem which makes them less competitive)

2) As I already wrote in the last post, LTC tends to a "sleep in the early bull and then eventually explode" pattern. It is currently in the "sleeping phase", and of course we can't be sure that it will explode, but there's one thing for sure: it is still in a long term bull market if we consider "higher lows" to be the most important factor. Its "explosion" also occurred in altcoin seasons, and we haven't seen any of these (except some memecoin waves) since late 2022.

3) Already in the last bull market LTC performed a bit worse than Bitcoin. This is however not exclusive to LTC but to most other altcoins too. Those who survive a complete cycle in the top-50 (approximately) will very likely underperform compared to BTC in the last one. This even applies to the so much hyped Solana, which is still only at slightly over half of its ATH of $260.

I agree about that, but the good fundamentals are the transaction count and the general very good-looking usage stats, see my last post.

Actually not many coins in the top-100 on Coingecko or CMC had a fair launch. The only ones are: Doge, LTC, XMR, and with a lot of good will Kaspa. I am tracking them in this list (updated irregularly), or directly in this Coingecko portfolio.

This used to be the case. LTC reacted to bitcoin way more back in day, but here's a percentage comparison chart from tradingview, and that tells another story:



And saying it's old sounds like it's the only good fundamental it has. Litecoin might hit ATH at some point, but for now, it's not reacting to bitcoin as it used to. I have nothing against it, and i sort of enjoy that founder dumped his LTC in top of a bull market. Best thing about it is that it didn't have ICO. It was just a fair launch, but so many coins have fair launch. No one just wanted to develop them for free.

One thing I have observed about LTC is that it tends to grow quite explosively in altcoin seasons, but trade a bit "meh" in the rest of bull markets. This can be seen in the chart @Yamane_Keto posted before. It tends to really rise only when Bitcoin enters its final "euphoria" phase.

I can only speculate about a reason. Perhaps it loses in the "attention economy" in the early to mid bull market to premined coins with a higher marketing budget and more "hype potential". Then in the late bull market, when most of these coins are already overvalued (and their founders start to dump) people remind LTC.

It may also be the case that a BTC/USD increase, even if LTC/BTC is slightly declining like in the last months, helps to increase the LTC/USD price to a point where finally a significant higher high or another TA "milestone" is reached, and then the LTC price is able to "explode".

Of course we can't predict if such an "explosion" will again occur. Fundamentals look good however - LTC's transaction activity and also the active addresses are about a third to half of Bitcoin's and double those of 2023 even if the price hasn't moved much. See also these charts, where LTC captures a quite high share of many indicators - with the exception of market cap, hinting that it is "systemically undervalued" for some reason.

Solana only looks that good because it lost 95% in the last bear market So obviously those who bought at this bottom made good profits, but those who bought near the 2021 high lost much more than those who bought Bitcoin at $69000.

As I've read and said, it's considered the BTC for a common man of sorts on their Reddit, so I do think it's worth investing in in the long run. I hope all the best will happen to the project.

We can't technically know exactly what will happen, but it is following bitcoin quite close. Which means, when bitcoin goes over 100k, then we can see LTC going over 100 dollars as well, not that impossible. I always believe that LTC is not given the attention it deserves, I believe that it should be fourth biggest cryptocurrency, and it deserves much higher marketcap but for some reason people are not interested in it too much, which is confusing.

I mean this is the second good coin we got after bitcoin was created, there were some terrible tries like namecoin and what not, but litecoin was the second ever to do a good job, so it should be around without a doubt. I hope it grows, and gets better ranking eventually as well.

Yep, LTC definitely has potential and a good community on Reddit which would help everybody who would ask something out, so there is that.
I wish this project a good future ahead.

People must be expecting a lot about LTC to increase during the time BTC break a new ATH but it didn't happened, or LTC only rise some amounts. This is another scenario to say that other coins can change but BTC is still the same. $100k is too much for BTC, I mean only to tell if Litecoin will increase. Maybe we need BTC needs to hit $80k or so first, before it.

If what you are saying is true then everybody will noticed it and it will still be a topic in the community whether the coin or its founders won't like it. There is nothing wrong with that anyway and they must be proud of it in fact because someone appreciates their improvement.

I think almost all projects likes that kind of recognition and it brings more hype to their project, making them earn good too if they keep a portion of their coins and treat it as their own investment. It had its ATH before but unfortunately, not many coins have returned on their past ATH, so I'm afraid that LTC can be one of them. Crypto is not all about money making after all and like you said as long as the utility is still there, the coin can remain, as there will also be people that will use it from time to time. Yes that's true that LTC never changes its volatility, so actually its price can also become stable.

Litecoin has struggled over the past year and this year so far, but there are signs that it could rise above $100 or more by the end of 2024. This two digit assets often see a boost since they’re seen as more attractive to buyers. In the past, Litecoin had more use cases, but now there are many other options that draw investors’ interest. Litecoin has its reasons for market downturns, but hopefully, we’ll see better results in the coming days.

LTC is considered a Bitcoin for a common man of sorts, but, yeah, less faith is put toward it than into the BTC. It's normal. People who have some skin in the game can try investing in it as well as in BTC.

LTC price is $68 and $200 is 3 times the price, which is a likely scenario at the moment, while $180,000 is reasonable for bitcoin more than $200 for LTC.
If events change, then investing in litecoin will be better but for now the rise of litecoin is linked to the rise of bitcoin and to a lesser than bitcoin

It may happen if BTC rallies and I think it totally will this bull run.
Thus, LTC can be considered as an investment option, though, with no expectation of a life change.
$200 would be good enough.