After all Altcoins were troubled recently, Litecoin is gaining more confidence again.
But can Litecoin outperform Bitcoin or is Litecoin dead in your opinion?
Litecoin can outperform Bitcoin when it comes to profit percentage, and I think LTC is not dead its just that the market is on a bear market right now and its affected as well. Look at the trend for long term, I’m confident LTC will pump soon, also you have to consider the upcoming updates with LTC, and that’s the halving, the price will pump after that for sure.
All Altcoins have strong relationship with btc price. Sometimes we see some coins doing well while btc price goes down. The reason for this is any major update or special news for any coin that makes the buyer of these coins strong.And even if the market falls they are not selling the coins, investors believe that Litecoin price performance will happen soon as the halving will happen and the demand for ltc will be high. And buyer increase their LTC holding and we saw good bump in Ltc price.