Post
Topic
Board Altcoin Discussion
Re: Why LTC stuck on same price range?
by
geegaw
on 31/10/2021, 16:15:25 UTC
why it's stuck on same price range?
I guess it happens due to the current defi or nft hype, a bunch of people has been carried by the hype and started pouring their money into them. These days most people tend to gamble their luck in other altcoin or the exact newly shitcoin whit hopes it could bring them to insane returns. In other words, litecoin is lacking demands from the market which makes it struggle to break the current ATH.

LTC has been passive lately, also, it is true that the hype has switched from NFT and DeFi projects, causing LTC to remain stagnant, also goes for other coins to be honest, I don't know when the hype will come to an end, seems to me that the NFT hype is just about to begin.
It's also hard to complain about litecoin's passivity as bitcoin acts as a pump continuously absorbing water from a small river like litecoin to expand its ocean and instead of being satisfied and returning more water to litecoin, too many new partitions appear and redirect the water source elsewhere, it is the source of the water for NFT, memecoin, it can even be said that every time bitcoin wants to be transported back, such spoilers always wait for the right moment to rob. But sooner or later, the stomachs of the vandals will be full and litecoin will also frantically absorb what was lost and more