RE: Litecoin struggling- is it worthwhile to invest?

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Litecoin struggling- is it worthwhile to invest?

in cryptocurrency •  7 years ago 

I can't believe Litecoin is only $230 to be honest, especially since the fees are extremely low and with a maximum capacity of 56 transactions per second. I am very bullish on Litecoin this year as well.

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Yeah I think the late 2017 rush created something of a 'bubble' that's now withdrawn and we're seeing organic growth again. LTC's quagmire is more related to its reliance on BTC's value, so as soon as the latter properly starts growing again, so will LTC. Its drop out of the most valuable coins is worrisome but I feel like it'll see a lot of investment with the plans the team have in 2018.

Perhaps fewer newbies and people trying to make a quick buck have heard of Litecoin yet.. Seems mostly like its all just a matter of patience

Yes hopefully we'll see a great LTC surge this Q1. It really is a great cryptocurrency compared to BTC, XRP, BCH.