A lot of coins are currently above their previous all-time highs. I’m curious if anyone with more experience in crypto has any thoughts on why Litecoin seems to be more stable compared to others. It feels like during this crypto rise it is just cruising along.
I ask because it looks like a solid investment at the moment since it does not seem overpriced in this bull market, but does Litecoin even play a part in the crypto seasons?
There’s no clear answer, but I think it has struggled to meet its reputation. It was called the silver to BTC’s gold, but since the 2017 bull run, it hasn’t really been treated that way.
At this point, I believe many coins have better potential for growth than LTC. It kind of acts like a stable coin now 
@wallen
I think calling it silver held it back, only time will tell but for some reason I like it lol
Angel said:
@wallen
I think calling it silver held it back, only time will tell but for some reason I like it lol
It’s one of the easiest and cheapest options for transferring or paying.
@Jaime
Have you checked out ALGO or XLM?
Terry said:
@Jaime
Have you checked out ALGO or XLM?
Yes, but they aren’t accepted as widely as Litecoin.
@Jaime
LTC is indeed for payments. BTC is for storing value. That’s the difference.
Actually, besides Bitcoin and a few others, a lot of the top 50 and top 100 coins are far from their past highs from the last bull market.
It helps with transferring funds between exchanges. Most exchanges have low withdrawal fees and the network fees are very small.
Cons:
-No first mover advantage like BTC, so it’s just another altcoin.
-No strong community support (look at r/Bitcoin and compare it to r/Litecoin).
Pros:
-ETF on the way
-Scarcity similar to BTC
-Doesn’t rely on high fees to motivate miners (merge mined with DOGE, which is better than BTC in this way)
-Offers optional privacy
-Cheap and fast (not the only coin, but still a solid option)
-Widely used on Bitpay
-Accepted almost everywhere and available on all exchanges
-Consistent uptime (even BTC can’t say that)
-No founder with a large stash who could sell off at any time (unlike BTC)
-Miner reserves are the lowest since 2012
-Relatively stable price (there’s a strong support level at $50. It’s unlikely for BTC to drop to 15K, but it could drop to 50K. Litecoin going below $50 is quite unlikely. It has already peaked at $400 in 2017 and 2021 before ETFs and less adoption, so that’s a reason it could reach $400 again)
Even hitting $200, which is below its all-time high, means a 4x if you bought at the lows. At this price of $90, you are more likely to double your investment with Litecoin than with Bitcoin. Bitcoin needs a lot more investment to reach 200K next year.
@Dex
Exactly, it’s all about the math. I love that Litecoin stays behind in every cycle. Makes it easier to predict. Hold most of your investments long term and it will boom. Get a 5-7x return and then there’s Litecoin chilling at $120 still. I always shift everything into Litecoin and watch my investment triple again from there. People really should learn to use Litecoin to their advantage.
@Zain
If everyone learns to use Litecoin like that, then your trick won’t work anymore. It only works because not everybody is doing it. It won’t last forever. Over a long enough time, everything trends to zero against Bitcoin.
I just sold all my Litecoin and used it to buy Bitcoin
Completely non-relevant.
Its biggest strengths are that it has been around for a long time and is listed on almost every platform, and that’s it. Even among proof-of-work coins, it’s slow, less efficient, and doesn’t really do much.
They are now trying to rebrand it as a memecoin to boost prices out of pure desperation for that reason.
Kaspa has shown better price action, is quicker, has conducted more transactions in a single day, has a fair launch, is more secure, and offers more utility.
@Stormy
It’s a bit contradictory to say completely non-relevant while also stating it is found everywhere.
Angel said:
@Stormy
It’s a bit contradictory to say completely non-relevant while also stating it is found everywhere.
It’s listed everywhere simply because it has been around for so long, not because it’s actually relevant.
Still, that’s definitely its biggest advantage because there’s nothing else going for it.
It’s not relevant. It serves no real purpose.
I think it’s definitely undervalued
Case said:
I think it’s definitely undervalued
Definitely wrong.
Case said:
I think it’s definitely undervalued
Definitely wrong.
I respect your opinion, but I still stand by what I said.