Post
Topic
Board Altcoin Discussion
Re: Litecoin's comeback
by
Halime Anatolia
on 10/06/2023, 03:33:18 UTC
But can Litecoin outperform Bitcoin or is Litecoin dead in your opinion?
In my opinion, neither of both. I guess the Litecoin price will very likely move very much in parallel to Bitcoin's, only some steps lower.

Litecoin is imo a good long time investment, and I would not be surprised if it returns into the top 10 by marketcap. You can already see that it's not dead and constantly evolving because they only relatively recently integrated MWEB as a technology which is still far from being implemented in BTC. They also pretty fastly adapted Ordinals (and on LTC it makes much more sense than on BTC).

And in terms of the transaction "density" Litecoin has got quite close to Bitcoin (although Doge is now outperforming both, most likely due to Doginals):



It's interesting to hear your opinion on Litecoin and its potential as a long-term investment. Litecoin has historically shown a strong correlation with Bitcoin, often following its price movements but at a lower value. Your observation about Litecoin's ongoing development and integration of technologies like MWEB and Ordinals is noteworthy. These advancements demonstrate that Litecoin is actively evolving and staying relevant in the crypto space. It's encouraging to see its adaptability and ability to keep up with market demands.

Regarding transaction density, it's true that Litecoin has made progress in this aspect and is comparable to Bitcoin, although Dogecoin has currently outperformed both in this regard.