LTC is just a pump n dump coin. It has no worldwide acceptance like btc has. the market of ltc is very small & normally merchants don't accept it. the development team of ltc doesn't give any unique project for a long time. there is less discussion about it.
You are right. I was thinking the same, but I also think about the halving come soon. I don't have as much Litecoin as do you, so since my Litecoin has lost so much value, I think I might wait to see what happens.
Why would you sell your litecoin after a 1.5 year decline in price vs bitcoin? That is just screaming "Too late, better wait for a better opportunity!!".
Because we thought the decline will end and it never came until now
could we say that the litecoin pump is just temporary do to the halving ? maybe a pump group trying to have leverage from their accumulation vs what is coming to play now.
In my opinion, halving has everything to do with it. It's sheer speculation.
If you open your eyes wide enough, Bitcoin started off as a pump and dump coin too.
Moreover, it's still being manipulated to hell, just like every tradable asset for that matter.
but it is more dominant, and has a brighter future than any of its clone, this is undeniable, apparently it isn't a matter of what it is better, but of what it is less worse
and it is evident that it was a pump and dump, because you need a pump to rise its price and make it more recognizable, but this will bring dump and volatility also
i think P&D are natural thing for the health of the market