Litecoin

What’s everyone’s thoughts on Litecoin?

It is one of the first alt-coins and is dedicated to becoming a store of value and electronic cash.

It is 4x the speed of Bitcoin and uses scrypt as a hashing algorithm.

How do you guys feel it compares to bitcoin? Do you feel like it should be higher on the list of top market caps? It is odd to me that coins like Solana, xrp, Toncoin, Tron, shibe inu, chainlink, near protocol, internet computer have higher market caps.

I assume everyone in this sub has heard of litecoin, but has never heard of some of these coins I listed above.

Litecoin has stood the test of time, and has 100 percent uptime.

Curious how everyone feels about it.

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?

I was just taking a look at the charts and noticed Litecoin was the top moving coin today. It moved 8%.

I started thinking about Litecoin and all the posts/comments I've seen over the last couple weeks.

Litecoin seems to receive a lot of hate in this subreddit and on social media in general. I am genuinely curious why Litecoin gets so much negativity. I always notice that anytime somebody makes a post about Litecoin everybody calls it "Shilling" and continue to shill their own " shit coins"

I tend to buy my crypto based on fundamentals. Objectively speaking, Litecoin does what its suppose to do and it seems like a good coin.

Lets have a serious discussion about Litecoin and set our emotions aside.

Why does the Reddit community love to hate Litecoin?

Have fun :)

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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).

IF you are buying LTC for the fork, DON’T. Charlie Lee (the creator of Litecoin)

The looks sketchy as fuck. Their public relations manager's photo is the fucking Unicorn emoji. You can't press on any of the developers pictures of find any information about them.

Whoever created the fork is a genius marketer who is playing on the similarities between Bitcoin and Bitcoin Cash (which and others in the Bitcoin Foundation) and the branding of Litecoin. Don't fall for this trick.

I’m not saying the recent price increase is solely due to the fork. In fact, I’d argue that a lot of it revolves around Litepay. However, if you are buying LTC as a short-term move, please move forward with caution (at least until Sunday).

Furthermore, if you think you’re going to “time” the market and try and sell immediately after the block which the fork happens on you’re going to get burned. Literally thousands of other people have that same idea, and what’s going to happen is that Litecoin’s price will decrease significantly right after the fork (I think it will recover due to Litepay coming out and other promising progress). The bots are going to beat you to it. You'd be much better off taking profits before the fork on Sunday and then buying back when it inevitably dips.

NOTE: I know a lot of you are probably aware of this fact. However, I am in a Telegram group of about 60 people mostly composed of friends from college and their mutual friends, and I was amazed to find that several of them were hyping up the Litecoin Cash fork. I’ve also seen on some daily discussions over the past week discussing it.

I do not own any LTC I am just trying to make sure people aren’t making poor investment decisions

EDIT: DO NOT GIVE THESE PEOPLE YOUR PRIVATE KEYS OR ANYONE FOR THAT MATTER.

EDIT 2: Those of you saying I'm bringing attention to something pointless, good for you, just move along. Sadly there are people who will perceive this as the equivalent of Bitcoin Cash to Bitcoin and if they are left unaware that it is in fact not, they will get burned.

EDIT 3: I'M NOT HATING ON LTC, THIS ISN'T MEANT TO DETER LONG TERM HOLDERS. If you're planning on holding long term then don't bother with this post. There are people trying to play this.

. . 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.

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:

Is it just me or does Litecoin seem to be picking up momentum? Say what you want about it, but it has some fundamentals behind it.

-It seems to be always accepted anywhere BTC is accepted.

-It’s still being developed (mweb) even after all of these years.

-Transaction count is the 3rd highest of all crypto which means adoption is growing with the entire market.

-With the privacy option rolling out it will be the largest accepted privacy coin in the market.

-Omnilite is a pretty cool addition giving it a smart contract element.

• It’s been around for 10 years.

Again, say what you will about it being dead, that just doesn’t make sense to me with continued adoption and development. In stock fundamentals always win, I think the same thing can be said about cryptocurrency.

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.

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?

Everyone tries to compare Monero to Bitcoin, but it really should be compared to Litecoin. Any thoughts?

Yes this is a litecoin shill post. Before you all comment your usual anti litecoin comments please let us have one shill a year that is not the same recycled shills on this subreddit! Comon, litecoin only ever does something once in a blue moon!

The reason most people don't make money on crypto is that they measure a coins worth by it's price performance.

This means they are inclined to chase a coin that has already pumped, meaning minimal to no gains. Their judgement is clouded and they fail to objectively analyse a coin by it's fundamentals. I am sure I am not the only one here who is sick of seeing the same coins shilled over and over again in this reddit when they have clearly already pumped!

With the implementation of mimblewimble, Litecoin now has optional privacy.

Furthermore Litecoin is like that annoying sports all rounder on your team that can do a bit of everything.

Smart contracts, nfts, store of value, 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.

Price will catch fundamentals, for the savvy investor Litecoin is a great choice as part of a balanced portfolio as it is seriously undervalued but fundamentally solid.

You may have heard recently that Litecoin has just become a privacy coin with it's mweb upgrade.

Furthermore Litecoin is like that annoying sports all rounder on your team that can do a bit of everything.

Smart contracts, nfts, store of value, 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.

I don't get why litecoin is so undervalued it is clearly a fundamentally solid coin that has stood the test of time. Logically price should catch fundamentals but I can't understand why it's a top 20 coin?

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.

So it's quite obvious the majority of the market is sleeping on Litecoin, here's why you shouldn't. I've also noticed several people trashing Litecoin and asking why people hold it, so here's my answer.

Inflation & store of value - I think we can all agree this bull run is fueled by inflation in fiat currencies, at levels never seen before. Well Litecoin also has limitted supply just like BTC. I see LTC as silver 2.0 while Bitcoin is gold 2.0

PayPal - When PayPal enabled it's US customers to buy crypto, LTC shot right up. Why? Litecoin is the most appealing coin to most people. It's very similiar to Bitcoin and it has a relatively low price. Q1 of this year, PayPal will enable ALL it's 345M customers worldwide to buy crypto, this should benefit LTC the most out of all the crypto choices PayPal offers.

- MWEB will enable opt-in privacy features for Litecoin, and it's just around the corner. A lot of people expect privacy to be the next hype/trend in crypto. Together with privacy, MWEB also offers scaling solutions.

Cardano Velvet Fork - A Velvet Fork / will enable smart contract compatability to Litecoin. On top of the store of value and cheaper transactions Litecoin offers, it will be getting a lot more token use cases.

- Litecoin users will receive an airdrop of 5B Flare tokens. Together with this, LTC will be available on the Flare network as fLTC and be able to utilize Smart contracts and DeFi.

Grayscale - While the majority sleep on Litecoin, institutions know it's next in line once enough BTC has been bought by them.

On top of Grayscale heavily accumulating, they had stopped buying all crypto's around Xmas time. Today they announced they will be taking investments again, well . LTC is by far the most attractive alt for Grayscale investors and when the competition is offline, you know where the money is going to flow.

There are several other factors such as LTC being made available on other networks and being cheap / fast, but these are the main and most important and recent developments people aren't keeping track of.