LTC will eventually get owned by Blackrock and there is already a Grayscale Trust for LTC which is called LTCN. I check the litecoin subreddit occasionally and it seems there is also a litecoin ETF on the way which is about to get accepted by the SEC. So, these are probably the last moments before you can acquire them cheap litoshis. It is already showing signs of a breakout btw. Recently ltc went as high as $105. Sooner or later it will meet its ATH again but ltc's main problem is that there are too many shitcoins competing with it.
It is always the same game. When ETH was $9 nobody wanted it, when it went above $1000 everybody wanted it. Still though, as long as you keep your cool and hodl, you'll get rewarded for your patience.
I actually have been DCA'ing LTC for some time instead of BTC because I see great value here.
It is always the same game. When ETH was $9 nobody wanted it, when it went above $1000 everybody wanted it. Still though, as long as you keep your cool and hodl, you'll get rewarded for your patience.
I actually have been DCA'ing LTC for some time instead of BTC because I see great value here.
Wow. So I guess it should only be matter of time before "Wall Street" gets its hands dirty on Litecoin. I've read there's also a Grayscale Trust for BCH. Even ZEC is on the list. If the SEC approves spot ETFs for the aforementioned cryptocurrencies, market prices won't be cheap ever again. What I'm concerned about is the decentralization of crypto. Especially of both BTC and LTC. The latter has been widely unpopular due to fierce competition on the industry. But that could all change overnight with the spot ETF hype.
If LTC gets owned by institutional investment companies, it might be time to start looking for other options. Especially if you're concerned about decentralization. People only want to make money, so they won't care if ETFs negatively-impact the network in the long run. Convenience goes on top of everything else, right? The future of LTC is uncertain, so we can only hope for the best.
The BTC network is still decentralized, despite BlackRock having tons of BTC:
https://miningpoolstats.stream/bitcoin
I don't see LTC changing either:
https://miningpoolstats.stream/litecoin