After all Altcoins were troubled recently, Litecoin is gaining more confidence again.
But can Litecoin outperform Bitcoin or is Litecoin dead in your opinion?
Comparing cryptocurrencies is tricky, as each has strengths and weaknesses. Each cryptocurrency operates within its own ecosystem and can offer different benefits. Where Bitcoin cannot be compared to the highest valued alt coin Ethereum, there is no question of comparing Bitcoin to Litecoin. According to my knowledge Litecoin is one of the top coins and it is a good coin. Often we see the growth of altcoins along with the growth of bitcoin currency, as there is a bitcoin halving ahead and there is a possibility of a huge pumping of bitcoins and the top altcoins can rise in price along with it. I think Litecoin can make its own place in the market in the near future.
Litecoin was one of the top coin even though it was a top 10 project in CMC. It is still a good coin to use for payments in various marketplaces as it is still faster than bitcoin and ETH. But there are a lot of new project that are offering better option than litecoin even some stablecoin are being used by some marketplaces where users can use USDT or USDC. Bitcoin competitors like litecoin, Bitcoin cash and others similar to those projects are losing their cause to the Eth L2 project which is highly scalable and business friendly.