Litecoin

. . Off chain stats tell a similar story with the oldest crypto payments processor , just shy of exceeding the share of all other altcoins on the platform COMBINED. Before Litecoin was added, Bitcoin was well over 50% share while eth and bch managed around 11%. Litecoin changed the game.

For years I've heard people downplay the importance of payments, they were less sexy than smart contracts, yesterday's news, but everything moves in cycles. . That's the inflection. Since Litecoin didn't outperform in the '21 bull market, and thus didn't take on long leverage it has to work off now, will there be short leverage, thanks to Mike Novogratz's buddies that it gets to work off in the other direction? What happens next year as we approach litecoin's 3rd halving?

All we can do is look back. It's not predictive, but it is informative. In 2015 coming out of the first cryptowinter, litecoin 7x'd outperforming everything early in the cryptothaw. In 2019 it did similar 6x'ing against the grain and with Mike Novogratz openly shorting it (I suspect he and his will be less open about what they're doing this time). In neither instance was litecoin's payment dominance so pronounced. It's infrastructure was better than average back then, it's incredible now.

I absolutely believe litecoin deserves outperformance this year more than anything else out there, partly because of how much it has outperformed on adoption and how much it's underperformed in investment. Some will say fundamentals don't matter, it's all just a casino, but I believe while markets are a popularity contest in the short run, in the long run they're a weighing machine. LTC's network has performed like a boss in every fundamental, adoption above all. Will the market give it what it deserves? Buckle up for 2023, we're about to find out.

Reference price: $297.69

FILTERING CRITERIA: 1w, USD, Linear Chart, Close Chart

Winning results will be based on the price at 12 pm PDT on May 10th. Results of the prediction will be revealed between 11:59 AM PDT and 11:59 PM PDT the day after the prediction date.

The most frequent snarky comment I hear about litecoin is that it has no use case. My reply is always, then why are so many people using it?

It took just 3 months on bitpay.com/stats to exceed the transactions of every other altcoin on the platform, the top of which had multiple year headstarts to secure their leads. Coinatmradar shows litecoin has more atms than any other altcoin. The number of exchanges, payment processors, trusts, exchange traded projects, brokerages, direct retail relationships, point of sale terminals and many more alone tell the tale. Litecoin has the users.

The second most popular snarky comment is "well, it gets infrastructure just because it's old". It doesn't take a whole two brain cells to know that doesn't make sense. Namecoin is older than ltc, 10s of thousands of projects are pretty old, all dead or close enough. It's costly to build and maintain infrastructure and keep projects up to date on it, infrastructure providers take dead projects down, they don't keep adding them. Litecoin just keeps growing, thriving in infrastructure while some not dead projects struggle to get and keep basic infrastructure. All for the same reason... users matter.

My investment thesis inside and out of crypto is that ultimately investors follow users, even when they prefer not to. Quibi was an example of investors thinking they could force users into something no one wanted and many of you can probably think of other dumb VC wall street crap that didn't pan out. Right now, there is a growing contingent of that in crypto, pushed by the likes of mikey novogratz and other hedgies and vc dudebros.

Feel to play around there if you think you can get out before the exit scammers, but don't forget that in the longer run, what matters is network effect, from users, to infrastructure, and the deeper and broader those network effects, the harder they were to build, the longer they'll last and keep generating new growth.

For more questions about Litecoin, see this writeup I posted here a few months ago:

Hey guys,

A question I’ve been meaning to ask is why Litecoin almost gets no recognition. Is there a catch? I’m not heavily invested into crypto, just a bit of Btc/eth, but out of all the cryptos in the world, the only one I’ve had lots of use cases for is litecoin. Their transaction speed is amazing and the fees are even better. It always make me feel like there’s a catch. How are they able to keep fees so low?? And why does no one talk about them although they are the 2nd crypto to be created with a long lasting reputation and no network outages.

The only time I’ve really sent or used btc/eth is to move to hardware wallets (rarely for payments), meanwhile Ltc has always been the preferred method if not USDT when I buy digital goods on Reddit and discord. When I sell items, I usually also resort to Ltc as my preferred method and only accept others if the buyer doesn’t have it available. This is very opinion based, but Ltc has always felt like the better bitcoin to me (for p2p transactions) - just talking out of personal experience as a seller and buyer. Yet I’ve never kept any funds in Ltc as I always felt it was too good to be true or something was off since it wasn’t getting any recognition. What do you guys think? What am I missing here?

For the time first time ever I used a crypto ATM here in Geneva - although hidden in the manor store, four coins were available for purchase with a 1000 chf limit per person per day. Cash only, you are given a qr code with a public key to send and receive the amount your purchased. The machine was operated by Bity, and for any purchase of Bitcoin I was asked a fee of 4 chf.

This is truly astonishing considering that 10 years ago buying Bitcoin was almost like using limewire. Gradually, I hope to see more ATMs pop up and enable people to invest without having to disclose all your personal information on sites like coinbase or binance.

Mass adoption is really around the corner, and with more and more people jumping on board, I do believe crypto ATM will be a bridge of accessibility. When crypto will become a useable currency in major stores these will become essential!

Edit: Thank you all for taking the time to leave a comment and for the awards and upvotes! I must clarify that the reason I made this post was literally because I think it’s useful for all of us to hear, discuss and argue about crypto ATMs and debate on accessibility of crypto to the public and investors, and also to help fellow noobs (like myself) and non-noobs discover something we didn’t know much about until now. I literally found out about this ATM not even two days ago.... Also, how freaking cool is it that you can buy crypto from an ATM?! Come on, that’s just awesome (with pros and cons I hear you).

Edit2: For all those that are upset I didn’t cross post from the other subreddits I posted at - my bad, didn’t know I could do that!

Hi guys, as you know I'm Venezuelan living here crypto enthusiast, weeks ago I posted my experience going to a supermarket where crypto is accepted here in Venezuela paying with Bitcoin, it was good.

I went again this time to buy some things I needed and this time I used Litecoin (encouraged by a fellow redditor that wants to remain anonymous), in theory it should be fast and cheaper and it was!

The cashier screen, after I told my I wanted to pay with Litecoin:

And the transaction:

The fee was 0 (Yes, 0 USD). It was really fast, less than 1-2 minutes for the 1st confirmation, they showed me a QR code, wait 1-2 minutes and done.

I would totally recommend it!

I couldn't hodl the LTC, anyway I was going to exchange them to Bolivares or USD to purchase the items shown in the picture, so if LTC goes to 1K that would make me feel better.

As always, inflation here is crazy (anything under 10% MONTHLY is like a miracle) and since 2007 , 14 zeroes have been removed from the currency (last time 6 zeroes in 2021).

Any question, suggestion or request let me know!

If you read the bottom of this article for the contact details of Walmart Media, it says

William White

Senior Vice President and Chief Marketing Officer

Looking up . It was registered less than a month ago

Domain Name: WALMART-CORP.COM
Registry Domain ID: 2634400547_DOMAIN_COM-VRSN
Registrar WHOIS Server: whois.namecheap.com
Registrar URL:
Updated Date: 2021-09-09T10:53:42Z
Creation Date: 2021-08-17T12:31:40Z
Registry Expiry Date: 2022-08-17T12:31:40Z

Seems to be an ingenious way to quickly pump Litecoin (and other coins).

We've had the Gold ETF... then the Silver. We've had the Bitcoin ETF... we will have the Litecoin ETF.

Gensler has conceding that Bitcoin is a community and that ultimately the this and the Greyscale court case lead to the approval of the ETF (ETP).

Here's the bull case for Litecoin.

From Coinbase to PayPal Litecoin has always been hot on the tails of adoption by major institutions.

As a Bitcoin fork Litecoin is one of the cryptos closest in nature to Bitcoin and therefore there should be no arguments it's also a commodity too. One of bitcoins criticisms is that Satoshi Nakamoto (Bitcoins founder) owns a major chunk of the Bitcoin supply. This isn't the case for Litecoin. One of Genslers major criticism of Bitcoin is there is not being used for payments. Again this isn't the case for Litecoin as it despite its smaller market cap.

Greyscale who pushed for the BTC ETF is also bullish Litecoin. their investment CEO suggested they would be pursuing ETFs for the other holdings they have which include Litecoin.The has almost $110m LTC under management and is one of their top 5 largest crypto trusts.

Launched just 2 years 9months after Bitcoin in 2011 Litecoin is one of the longest established cryptocurrencies. Although their were others LTC has been commonly referred to as the first/ most well established "Altcoin" to Bitcoin. Its the second oldest name on Greyscales books also with the likes of ETH launched in 2015 and BCH as a BTC project fork in 2017.

Litecoins price appreciation has lagged behind some of the other top 20 crypto's by market cap over recent years but when it comes to longevity it's outperformed and going on current regulatory security/ adoption by institutions it's family relationship with Bitcoin will do it no harm.. it fact it's quite possible it is it's most undervalued strength.

It's official, litecoins major privacy upgrade MWEB has now activated. Shortly you should see major exchanges rolling it out in the coming weeks.

Litecoin will have now has an optional privacy feature which will allow users to hide their address and crypto amounts when transferring (In addition to other features). This is a game changer for litecoin and a positive for those who like privacy in general, as it's optional privacy feature allows it to be exchange friendly.

Due to the fact litecoin is available on most exchanges, it will be highly accessible and easy to use it's privacy features.

In addition to the above, Litecoin will be one of the only coins to have smart contracts, nfts (omnilite upgrade) store of value (only 84 million to exist) brand recognition, has lasted 10 years survived multiple bear markets and to top it all off 100 percent uptime with low transaction fees. Not only that it is accepted everywhere bitcoin is accepted and has a growing not decreasing userbase.

This is a historic day for litecoin and privacy advocates. The day MWEB activated.

Personally I think it’s had its pump already in the last few weeks. I see it stabilising to 70-75 USD in the next 7 days or so.

Previous LTC halvings haven’t led to explosive/dramatic price action but it will be interesting to see what happens nevertheless. What do you think?

I think LTC is solid and somewhat underrated. It’s reliable and been around for a few years. It might not seem exciting to some but it’s a good project with a sound technical base and some good developments. I think long term it will do really well, but again, it’s not one I see having a humungous price rise.

Today Nano confirmed more transactions than Bitcoin, Ethereum, and Litecoin - COMBINED.

Nano 1.9million transactions Vs 1.6million (300k + 1.2m + 100k).

Transactions fully confirmed on average in under half a second on the Nano network with ZERO fees.

Fees on the other 3 networks? Totaling $23million.

I'm admittedly not too well versed in the crypto world but have been watching on and off since I was a kid.

I remember getting some litecoin during the old bitskins csgo days and Litecoin stood side by side with bitcoin back then (in terms of relevancy not value).

Entering the crypto scene now though, the prices seem to be night & day, and conversations online don't really seem to discuss it all that much. Even the recent halving, quite literally, almost cut the price in half.

I'm most likely missing a great amount of context here, but while doing research on the topic I wasn't able to find anything "wrong" with Litecoin.

It seems to follow the same high-low trends as every other mainstream coin on the market, so why is it still so low despite its longevity?

Why did BTC and ETH rise to the prominence they are right now but LTC got left in the dust?