Bitcoin is the pioneer of digital currencies and hence the eldest in the crypto space. Despite extreme volatility in its price, history has always proved that bitcoin bounced back. If the current scenario is taken into consideration the value of bitcoin has plunged down to a great extent. But it will repeat the history this time as well. Litecoin has a long way to go in order to replace the first ever digital currency bitcoin and it is not going to happen anytime sooner. Thus, litecoin cannot be termed as the next bitcoin.