What do you think may be the cause of Litecoin's stagnation? Will it have a future? Do you think it is worth buying and holding for the long term just like Bitcoin?
Yeah, we can feel that litcoin is not into the limetight of investors as of now and this is because investors and traders are having excessive options these days to trade and invest with. I read litecoin dev had sold all his holding which means litcoin might be facing lack of enhancements according to the current trends of crypto space. This must be another reason why litecoin is not an attractive speculative asset today.
If only people used it as a store of value like BTC, things would've been much different than what they are right now. At least, LTC is still being traded on the market. As long as there's a community backing it every step of the way, nothing else matters.
Yeah, continuous buyers and traders are more important for any coin. I do see many known exchanges are still listing litcoin pairs. I guess someone in future like Elon may adopt litcoin which may open second innings for litcoin how dogecoin did in recent times.