Post
Topic
Board Altcoin Discussion
Re: Is it time for Litecoin to shine again?
by
Rengga Jati
on 04/05/2024, 20:47:08 UTC
Bitcoin's transaction fees have been huge once again, so my question is really if Litecoin can shine again when Bitcoin transactions are too expencife?
 
Or will Litecoin continue to be forgotten?
Generally, Bitcoin movements will greatly influence altcoins too, including Litecoin. After experiencing a huge drop in the market after the halving, Bitcoin finally started to recover at the beginning of this month. Even though it's not very significant, the fact that the price of Bitcoin remains at a rate of around $63k is very impressive. And this affected several altcoins which also experienced quite good increases.

However, for Litecoin, it looks like it still needs more time to rise. Yes, as we know, Litecoin is no longer what it used to be, so its movement is really optimal and fast. LTC has even reached rank 20 and this is something that is not big enough for this old coin. Yes, there are many other altcoins that are increasingly developing and offering higher advantages. So, it seems that LTC has enough time to develop that fast and its movement on the market is still as slow as it is.