Not to say people can't make money with LTC & not to say one cant trade it based on its TA: But there's simply no need for it anymore & thats reflected in the chart. Its transaction speeds are faster than BTC but compared to other altcoins they're dreadfully slow. Everything now thats pumping in this space is about coins with more (or actual) use case, with network usage & adoption. We're just never gonna get that with litecoin.
There's no ecosystem nor will there ever be. There's no devs building anything with it or on it. There's no NFT's. No DeFi.. nothing. Just an old idea that it was the silver to bitcoin being gold lol.
I remember some months ago prior to the May crash, where big youtubers & members of crypto twitter were saying how LTC was about to go parabolic & push towards 1k. It obviously didnt happen haha. If everything goes parabolic like some would have us believe, sure you'll get a nice move upwards with LTC. But will it outperform other coins? Nope. I'm betting there's better options elsewhere.
Sorry for my rant. It should get a nice little bounce up here for people to scalp :P thanks for sharing
ArShevelev
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@Crypto-Fury, Great opinion! Here is my 2 cents. When the price reached $400 ATH, youtubers claimed $1,000, implying that youtubers are simply copycats speculating on the news (when news are good) While everything screams terrible about the Litecoin ecosystem (if there is one), I see a great chance to buy at a very cheap price, and sell when everyone will tell us about great fundamentals of Litecoin. :)
Crypto-Fury
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@ArShevelev, yep no doubt :P Its a real safe investment choice imo. Its too big to fail & we know it will survive a bear market. For me i'd only look at LTC to scalp. If anyone did well today they had a pretty good gain on it! I just see the chart above where from 2017 to now all its done is gone down... so u have diminishing returns. And then when you add the fundamentals being poor, well, i just think there's better investments. But still a good coin to trade & profit when you can! Thanks for sharing & for the nice reply. LITECOIN is the RITECOIN! HAHA Be safe out there! :P
D33WILLY
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LTC is a money grab.
hBroker
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Yes! I did the same chart analisys, more or less. LTC in the wrost case will perform as BTC. But it can outperfom
tomm.giannessi23
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was thinking the same yesterday :)
tomm.giannessi23
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@Tomm.giannessi23, That's my view. We have a 70+day cicle closing this week so new cycle beginning. rsi-Price bullish divergence. stoch in lower area favouring upward movement Not sure of that big move up but "surely" some upward movement
There's no ecosystem nor will there ever be. There's no devs building anything with it or on it. There's no NFT's. No DeFi.. nothing. Just an old idea that it was the silver to bitcoin being gold lol.
I remember some months ago prior to the May crash, where big youtubers & members of crypto twitter were saying how LTC was about to go parabolic & push towards 1k. It obviously didnt happen haha. If everything goes parabolic like some would have us believe, sure you'll get a nice move upwards with LTC. But will it outperform other coins? Nope. I'm betting there's better options elsewhere.
Sorry for my rant. It should get a nice little bounce up here for people to scalp :P
thanks for sharing