Thoughts on Litecoin?

CointestMod · 2024-04-10T23:45:07+00:00

Litecoin pros & cons with related info are in the collapsed comments below.

sandpaperboxingmatch · 2024-04-11T06:31:23+00:00

Everyone loves it, no one buys it. Unfortunately.

freedomfriis · 2024-04-11T02:58:26+00:00

It's the only coin I've ever actually used to pay anything with.

my-man-fred · 2024-04-10T22:42:44+00:00

I've got a soft spot for LTC.

Always hold a few coin.

garbage_band · 2024-04-11T06:14:31+00:00

Don’t forget Litecoin has optional privacy via MWEB. We are calling it cloaking and you can test drive it our alpha app called Newborn.

Newborn Android: https://play.google.com/store/apps/details?id=com.litewallet.newborn

Newborn iOS: https://testflight.apple.com/join/Asvav3ms

Master_Ad_9083 · 2024-04-11T06:39:24+00:00

It’s time will come, many mentions here of it being the next ETF but it’s way ‘underpriced’ given it’s utility. Check this POW chart out for active addresses.

https://bitinfocharts.com/comparison/activeaddresses-btc-doge-ltc-bch.html#3m

LTC has 36% of BTC trading addresses LTC has 670% more than DOGE LTC has 864% more than BCH

Given these metrics LTC mkt cap should be Vs BTC $500b Vs DOGE $189b Vs BCH $103b

And yet it’s at $7.2b, so to get into a fair place given this value metric vs BTC/DOGE you’re looking perhaps at a 30-70x making a LTC worth $6,790

Add to this that in places like Bitpay LTC is the most used for transactions with nearly double the amount spent than BTC, LTC makes up 40% of transactions https://bitpay.com/stats/ if you took this metric vs the whole crypto space LTC market cap would be $1T making a LTC worth $11,904…

You see predictions online, people drawing charts saying LTC is headed for $6-12k and whilst this seems like madness these are exactly the numbers that the active address (therefore network effect) seem to be pointing to.

I can’t find any other crypto that has better investable metrics and I sit here HODLing my LTC disappointed so far but hoping it’s utility will get it noticed.

friedricekid · 2024-04-10T22:06:05+00:00

The ETF no one will see coming. Jk i have no idea.

Smiling_Jack_ · 2024-04-10T21:56:38+00:00

How do you feel about a meme fork of Litecoin having 4x its market cap?

d_rome · 2024-04-10T23:39:33+00:00

I'll always have Litecoin.

cryptoquant112 · 2024-04-10T23:39:17+00:00

Most of the new wave altcoins suck. Reliability, security and cheap will always win out over flashy and unproven.

winphan · 2024-04-11T05:23:58+00:00

Buy at $50

Sell at $420.

Easiest trade ever. 🤝

libretumente · 2024-04-11T02:34:11+00:00

84million is a pretty small number of coins and halvings are sexy. It is one of the few successful PoW coins and is a commodity (not a security) which makes many think it is well positioned for a future ETF.

Diamond_Hands420 · 2024-04-11T08:49:01+00:00

I’ve been loading on Litecoin heavily, the digital silver narrative is going to come in big eventually

thejoshfoote · 2024-04-11T10:22:09+00:00

Ltc is great, the cost to use and transfer etc is next to nothing compared to other options. It’s pre stable and a solid coin for what I use it for

purplecowz · 2024-04-11T05:41:12+00:00

bullish. Get as much as you can under $100 and let it ride

VirtuaFighter6 · 2024-04-10T23:02:05+00:00

Honestly shocked it hasn't pumped. If the crypto cycles repeat, LTC is due and has at least a 4x cycle ahead. Seems cheap right now.

skorpyn · 2024-04-10T23:37:49+00:00

It meets all the criteria for LTC ETF…as a cloned copy of BTC code, same application basically for SEC—and there’s no argument the SEC can make now not to approve it too. There was a tweet from an insider last week saying these same ETF companies are going to push for it. I personally think the SEC is going to deny Ethereum’s ETF (so they can flex their power), but then approve an LTC (and BCH) ETFs to then say they’re being balanced/fair in their decisions.

2LostFlamingos · 2024-04-11T01:54:26+00:00

I bought a few the other day because my crazy friend told me to do so.

Kid is right more than he’s wrong.

Longjumping_Method51 · 2024-04-11T06:41:20+00:00

I’m bullish on LTC. I think it’s very undervalued.

Arlennx · 2024-04-10T22:49:51+00:00

Reliable. You at least know you won’t lose to much. Though you won’t gain much either. It is def one of those long term coins you know will go up eventually.

reneedescartes11 · 2024-04-11T02:54:23+00:00

Ltc was the first crypto I ever bought. I think it often gets overlooked and is actually a really solid coin.

Tyroneus · 2024-04-11T03:04:42+00:00

Used it for onions before. Functionally really useful for sending $ cheaply. Not sure if things have changed tho

SuchExplanation · 2024-04-11T09:17:35+00:00

LTC is awesome

SimonBakker · 2024-04-11T09:19:38+00:00

Invested all in LTC at 96 with leverage. Waiting for 120.

BluntmanNdKronic · 2024-04-11T13:28:40+00:00

I'm a ltc fan ... feed me more!

husqyCO · 2024-04-11T16:22:41+00:00

The state of LTC is a perfect example of what a clown world it is we are living in. Litecoin deserves to be up there but I won't hold my breath.

skyhermit · 2024-04-11T05:08:08+00:00

Litecoin will get ETF before ETH and it will skyrocket the price.

LTC is basically BTC with just 4x more supply and 1/4 the block time

Funkycold6 · 2024-04-11T04:24:14+00:00

I think it will get an etf before eth. Dun dun dun

tianavitoli · 2024-04-11T05:08:06+00:00

our lil chikun all growed up

Pantheractor · 2024-04-11T05:53:41+00:00

I own it since ever and I’ll never sell it until it will be a standard

EffectiveConcern · 2024-04-11T06:02:36+00:00

Very underrated. The txs are so cheap and so fast, it’s silver to bitcoin. That said I worry it won’t perofrm so I traded all of them for something else, but once I can I plan on getting some back. It’s just great. A little bitcoin.

Pandelein · 2024-04-11T07:15:18+00:00

There’s just something about it. I like it. It’s one of my larger bags.

Election_Feisty · 2024-04-11T07:37:10+00:00

LTC is BTC little brother.

BadPronunciation · 2024-04-11T09:21:30+00:00

I only use it for sending money. It's perfect for that

notanotherloner · 2024-04-11T09:31:27+00:00

I think it might be one of the only coins I’ve ever gotten real-world utility out of. I’m quite a fan.

BeefOnWeck24 · 2024-04-11T02:00:32+00:00

it's my third or fourth largest bag. hasn't done much, but i think its day will come some day

Naduhan_Sum · 2024-04-11T12:28:45+00:00

It‘s better than BTC in many aspects but people still continue to buy BTC for unknown reasons.

wookmania · 2024-04-11T13:56:17+00:00

It’s still around through several bear cycles. That’s more than you can say for 99% of elections. Being a Bitcoin fork helps.

CoinGate · 2024-04-11T14:21:03+00:00

As few already have mentioned here, Litecoin is cheap and fast solution to use it as a payment method. In fact, from our payment gateway data, LTC is the third most popular payment method after USDT and BTC.

sirauron14 · 2024-04-11T14:39:26+00:00

I hope to see a $5000-$8000 Litecoin this cycle.

Ethwh4le · 2024-04-11T01:46:42+00:00

Cheaper and faster option when im depositing money on online booking and casinos

gr8ful4 · 2024-04-11T07:23:05+00:00

XMR
BCH
LTC
BTC

It's good but Monero and bcash are better.

Starkey18 · 2024-04-11T02:39:51+00:00

I’m surprised it hasn’t pumped but I think it will soon.

It had a halving around 6 months ago? That’s usually when the supply crunch takes place.

TyrantsInSpace · 2024-04-11T01:35:20+00:00

I got nothing bad to say about it, and I plan to keep a small bag of it for the foreseeable future.

Ok-Supermarket-7917 · 2024-04-11T08:07:41+00:00

Ltc is one of the oldest crypto very undervalued in my opinion

sogladatwork · 2024-04-11T08:18:21+00:00

Love it. Wish I held some. I will buy some in the next bear.

jususlarinus · 2024-04-11T14:13:04+00:00

litecoin(ASICS) and vertcoin (only GPU) are the same as Bitcoin, it is a coin not token, store of value

Portalturrets1 · 2024-04-11T14:15:34+00:00

I hold one for fun

osogordo · 2024-04-11T02:35:58+00:00

Being faster than Bitcoin is nothing to write home about in 2024.

bolson71117 · 2024-04-11T03:04:24+00:00

I don't think most of you realize how old Litecoin is, it was Bitcoins little brother. I remember because I bought some in 2013 for $3.48..i don't want to talk about it

Zealousideal-Load-64 · 2024-04-11T06:46:48+00:00

Bitcoin is my gold, and I use Litecoin like silver.

Slight86 · 2024-04-10T21:59:22+00:00

All you have to do is take a quick look at the LTCBTC chart.

One13Truck · 2024-04-10T22:44:32+00:00

It’s a coin. And it’s Lite. Fun to trade once in a while if it gives a nice setup. But that’s it.

HumidMind · 2024-04-11T07:37:52+00:00

Fast dirt cheap and reliable. Security options too.
As important to have a nice sack of LTC on chain as it is to have a stack of instantly recognizable gold and fiat in the on hand emergency fund. LTC is the 20 Franc or Brit Sov. of crypto.

SillyLilBear · 2024-04-11T07:51:36+00:00

It's like Bitcoin, just lighter.

OnlyMayoFans · 2024-04-11T13:11:27+00:00

I think it will last and eventually rise up. I think at the end of it all, the store of value will be what crypto is all about, and so the chains with clear single functionality (per say) such as BTC, LTC, DOGE? BCH? will stick around.

........... maybe....

lycosawolf · 2024-04-11T19:07:12+00:00

I bought LSD with litecoin. Transaction happened very quickly.

SK8TINGBLIND · 2024-04-11T21:07:20+00:00

I love ltc.

SmellyBalls454 · 2024-04-12T02:35:57+00:00

I have been quietly stacking since 2013 🤫

C-Class_hero_Satoru · 2024-04-12T06:28:08+00:00

I remember this year LTC price was 60, I asked in LTC community - is it worth buying and everyone said no, it's unlikely that LTC will pump, after 2 weeks price was 100

I feel like LTC is one of a few coins receiving a lot of hate, but despite that still doing regular pumps and performing better than let's say ADA

Personally I use LTC to transfer money between exchanges because it's cheap and fast

payjoe134 · 2024-04-12T06:36:35+00:00

When I need to transfer cryptos between exchanges. One of the best crypto for this is Litecoin. Fee is next to zero, and every CEX has a lot of LTC. Never had a problem with it.

Jabulon · 2024-04-12T15:21:34+00:00

Its the best. Its decentralized, stable and useful. A bit lacking in tech perhaps, but sometimes you just need to move funds

Shayze1998 · 2024-04-13T18:53:18+00:00

Best coin out there

iamthesagej · 2024-04-11T00:15:29+00:00

Lots of salty bag holders that will prevent any new ATHs imo

rollblls22 · 2024-04-11T02:16:09+00:00

One of my top “hopes” majority of my bag is LTC.

Spkr4th3ded · 2024-04-10T22:11:56+00:00

Ltc and bch will all be money makers and are both still quicker and cheaper gas fees than btc and I hold btc.

OG_Blaze · 2024-04-10T23:45:48+00:00

No one is using Litecoin for DeFi

shaggrocks · 2024-04-11T02:47:29+00:00

Was an OG LTC fan, thought it was the silver to BTC’s gold. But history has LTC as one of the worst performing coins, if that matters to you. I think LTC was the same price in 2017 as it was today.

AsbestosDude · 2024-04-10T23:47:10+00:00

garbage imo

it's crappier bitcoin, no smart contracts, heavily mined by mainly china

what's the point?

FluentFreddy · 2024-04-11T08:55:30+00:00

I love LTC but I feel like I just read this in 2013

MPH2025 · 2024-04-11T01:04:58+00:00

It’s being intentionally held down, by a former hedge fund manager.

It’s an infinitely more disruptive technology than bitcoin, but the rest of the world hasn’t figured it out yet, except maybe for grayscale.

SilentDeniro · 2024-04-11T02:39:06+00:00

Been feelin like pickin up a bag myself

gorbedout · 2024-04-11T00:23:05+00:00

I like litecoin

AutoModerator · 2024-04-11T00:43:49+00:00

[removed]

BraapSauxx · 2024-04-11T10:18:59+00:00

Solo travel

P3licansTh1nk · 2024-04-12T12:36:06+00:00

It ded

Mountain-Bar-2878 · 2024-04-10T22:12:26+00:00

Btc is the only “old school” crypto worth putting money into.

MundaneExchange1568 · 2024-04-11T02:56:20+00:00

Litecoin is without a doubt better than bitcoin as a product.

However, nobody cares about New Coke. Everyone has loyalty to the original product.

VirtualWord2524 · 2024-04-11T00:03:45+00:00

Someone asks this question at least once a month in this sub

FTX-SBF · 2024-04-11T01:32:15+00:00

Wanna-be Bitcoin. Stick with real Bitcoin

CryptoCurrency

Be nice to each other! r/CryptoCurrency is a welcoming place for all people and all cryptocurrencies. Daily Discussion Threads

Network

Welcome

Rules

Resources and Tools

Education

Exchanges

Local Exchanges

Mining

Related Crypto Subreddits

MODERATORS