We are going through cycles and it's getting harder and harder to pick the wining horse amongst the new projects. I myself have lost faith with any of these new shiny promises. I'm currently revising the old trusted altcoins and came to a conclusion that LTC is an undervalued asset class. Do you guys think that it has a potential to regain it's place as silver of all crytos and being ranked in the top 5 on CMC??
Even if I think that LTC has potential, it does not matter to the public who are putting bets on shitcoins and NFTs. For them quick and easy gains are more important that the legacy or technology behind something.
The only old trusted coin you need to buy is bitcoin. Rest of them have mostly gone down in the last few years. Still if you have some LTC left lingering in your wallets, keep those for a last stand selloff.
Beyond that I dont see anything big happening with LTC unless something big in terms of development happens in their labs. For trading, it is good for pumping and dumping by investors, most of whom are found in the r/LTCmarkets channel, makes it look like a group of wankers.