What do you think about Litecoin?

Scorpion Ghost

Scorpion Ghost

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So i think there are many positives about Litecoin.

- Fast and cheap transactions, low fees

- One of the oldest cryptos, name recognition

- Accepted by most merchants

- Active team behind it and decent community

On the flipside, i keep seeing it drop in rank compared to other coins, its at 15 now i believe.

And while Bitcoin is at $50k now, Litecoin is quite far from its all time high.

I have a decent amount of LTC, and im wondering if it may be smart to convert some of them to something else or use them to pay for stuff. But then i think about the positive aspects of LTC and the HODLer in me just says HODL, LTC moon to $1.000+

What do you guys think?
 
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LTC is very potential, it has been undervalued. Just keep it and wait for the pump =)
 
I'd convert it to SOL / LUNA / ADA since they're already hit new ATH. Especially SOL. Just look at the weekly chart.

Overall they have good fundamentals. Top 16. I think you can't go wrong with that. NFA.
 
Rachmaninoff said:
I'd convert it to SOL / LUNA / ADA since they're already hit new ATH. Especially SOL. Just look at the weekly chart.

Overall they have good fundamentals. Top 16. I think you can't go wrong with that. NFA.
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They are all at almost 52 week high if i am right.
Don't you think we need to wait for them to correct a bit before investing in them?

I mean if Bitcoin corrects to $40,000 they all don't follow?
 
Ltc has always been undervalued. But I love it for low fees and acceptability. I always use it to pay off my workers.
 
What’s your price prediction for ltc this year? Will it recover to their last ATH?
 
Gogame1 said:
They are all at almost 52 week high if i am right.
Don't you think we need to wait for them to correct a bit before investing in them?

I mean if Bitcoin corrects to $40,000 they all don't follow?
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They still have a strong buy pressure atm. Also btc "might" hit $50k this weekend, you can still get profits if you buy them now then sell them when up imo. NFA.

But you can also wait to buy at 44k retest if btc failed to hold the support. It's totally up to you.
 
I always hold a bit of LTC. It's like one of the most ancient coins that shouldn't be ignored. Backed up by its own reputation, community, and the miners.
Chasing pumping coin is kinda super risky and not worth it to me.
 
i think there are much better coins rn like ADA or ACH
ltc is kinda dead.. ever since the founder sold his share its been kinda forgotten and for a reason... theres no real apeal to it other than 'fast transactions' which every other coin offers as well
 
zionbar said:
i think there are much better coins rn like ADA or ACH
ltc is kinda dead.. ever since the founder sold his share its been kinda forgotten and for a reason... theres no real apeal to it other than 'fast transactions' which every other coin offers as well
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But its not completely forgotten, is it? What about that MimbleWimble update thats supposed to come out? Should make LTC somewhat of a privacy coin i guess.

Im pretty sure LTC gets some reddit love as well as they have an active twitter account.

I dont know. I just have about 20% of my crypto portfolio in LTC and i get a little worried.

Its like, BTC and ETH are the giants. DOGE has hype and elon musk, plus i only have a tiny amount. BAT and TRON i have a tiny amount, but one has their browser and the other has hype and i guess good underlying tech. MONERO for our illegal activities haha, and i only have a tiny amount. ADA is ada, full package. CRO has crypto.com. STELLAR may eventually get something major going, i feel as though theyre in a good position to get into that big financial banking money. Tezos, i dont know, stake and forget lol. And Curve i just hold a little bit at recommendation by a friend, whatevs.

But with LTC i just dont see that somehing major. Cant stake it. And i have a little too much to just forget about it.

I dont know. I guess ill just let it sit for now and maybe i convert some of it into something else when/if LTC pumps again :p

Cant do anything right now though, im too tired, good night :D
 
Low fees, yes that's an advantage, but no serious future improvements sadly
I really recommend the coins that solve real problems such as ADA, it's about the technology
 
when i mine erg and rvn i tend to convert to ltc to send to my wallet as the fees are alot lower
 
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