Lessions learned, alts are never to come back.
At least: not these alts.
At least: not these alts.
that is something that the newcomers who are now bag holding tons of different altcoins in their so called "portfolios" don't want to accept. some time ago someone posted a screenshot of coinmarketcap website that belonged to a couple of years ago. it was funny to see the "top" coins of that time and how they were hyped up so much and people were thinking they all are going to live side by side of bitcoin and there were even talk of "replacing" bitcoin! that list doesn't look anything like today's list but people still have the same expectations
I guess Litecoin is still there
And if we compare the recent bottoms of both coins (i.e. 22 dollars vs 3300), Litecoin is still outperforming Bitcoin overall. And this remains true even if we take into account that Litecoin has been losing to Bitcoin last weeks. Actually, with Litecoin halving coming in a couple days, it will likely surge again (and this surge may have already started, by the way). To sum it up, not all altcoins are born equal
According to PlanB, as you can read on my June Report, halvening isn't having any measurable impact on Litecoin price, as opposed of what is happening for bitcoin.
Regarding the Litecoin overperforming BTC, welol, I can't see all this evidence:
Long gone are the days when LTC was "silver to Bitcoin Gold" or "Testbed for Bitcoin".
Now LTC is like every other shitcoin.