LTC

CounterAdmirable4218

Yes, LTC will be next.

snakesbbq

LTC has optional privacy via the MWEB feature.

Leownx

So I see u sold LTC for BTC and then deposited 50 pounds, you withdrew BTC and now only 7 pounds, that makes me think the transaction fee was high is there a way to know what you see when you tap non that withdrawal transaction?

forgotmypassword4714

This would be fun. I'd finally be able to diversify more. Probably something like... BTC: $50,000 SOL: $10,000 ETH: $5,000 LTC: $2,500 AVAX: $2,500 Bank (HYSA): $30,000 (and keep adding to this with my crypto profit-taking)

Somebody__Online

You got 3 LTC miners here and 1 Bitcoin miner. They were powerful units in their day and may have mined tens of thousands of dollars worth of bitcoin, Litecoin, dogecoin and possibly other duel mineable script coins. If you know what wallets or mining pools he was using you could check and see if there is some crypto treasure to find. But if you just wanna be rid of this stuff sell it as is on eBay. The L3 miners I would list for $75 each maybe $100 including shipping. The s9 is worth about the same I would say. If it’s not worth the hassle for about $400, you could sell them on like local platforms for pick up only for maybe less. Or just scrap em.

AutisticGayBear69

Yeah I wasn’t factoring in electricity costs since it’s negative returns right now based on whattomine at $0.10 /hour. I’d also consider how much DOGE/LTC will be worth in the future. They’re about $0.13 and $73 right now. DOGE might 4x or 5x in the next bull run so that $2.50/day could optimistically be $10 in crypto including what you paid in electricity. It’s not life changing money even if DOGE hits $1 but might be an interesting hobby for someone and/or a way to learn about mining.

Wendals87

Really? I wouldn't pay $10 for them. Even at $0.05/kWh you'd be mining LTC at a loss

AutisticGayBear69

You can merge mine LTC and DOGE with the ones that have the L3+ stickers on them. They’d generate $2-3/day at current prices I think. I’d probably flash the L3+ firmware with Blissz. They can be run off a standard plug connected to a 15 amp switch in your panel. It’s possible to run 2 off a single switch as long as you’re not over clocking and use a good surge protector. I’m not sure I’d run the S9 unless you have free power. They all run very hot and loud so would advise looking into a way of venting and containing the sound. You can buy fan shrouds on eBay and use dryer venting to direct the airflow. It’s fairly simple to build a soundproof box. These would be more on the hobby side as opposed to a retirement plan. You can calculate the profitability here - https://whattomine.com/asics

Heclalava

The 3 x L3+ are scrypt miners and can merge mine LTC, DOGE and the other coins like Pepecoin, etc. Best pool for that would be Mining Dutch. You can get 11 coins in total from mining with those 3 asics. They should each get you around 500 MH/s. The S9 I think is a BTC miner.

GerbiJosh

3 LTC miners and a BTC miner.

jawni

LTC is a bit of a longshot, not even in the same ballpark as SOL, let alone BTC/ETH when it comes to volume.

bAZtARd

nah, many still have PoW. LTC, XMR, DOGE, ..

Grand_Masterpiece_99

Pepe just hit new ATH since April if anyone wondering on how to cope with the few ETH or LTC they been holding since 2020 that still hasn’t made ATH. Just cope hate doesn’t make you wealthier unless you’re paid critic‼️

biba8163

Looks right | Investment | Definition | Examples | |:-----------|------------:|:------------:| | Shitcoin | A coin where others made money but you couldn’t | DOGE, PEPE, WIF, BONK | Altcoin | A coin you hold for eternity hoping you’d make money off | XRP, LTC, ALGO, DOT, CRO, VET, NANO

Generic_Globe

most coins are shitcoins. Things like shiba inu have no real purpose but people buy them for speculation. Dogecoin was made as a joke with none of the features of bitcoin. It's the og shitcoin. Shiba inu basically copied that I guess. A lot of the early coins had a whitepaper and stated purpose but nowadays anyone just releases any token to profit of people. Basically read the whitepaper of each project to decide if shitcoin or shitcoin but most things are shitcoins outside of BTC, ETH, XMR, LTC. Very few coins have a real use case. And even then those use cases are really exaggerated and can be considered vaporware.

biba8163

> Because it suits some narrative your comments are a fictional narrative. Of course, you're always making money and outperforming BTC. True ethos of a shitcoin investor. > Really...I was a btc maxi from 2014 to 2017....then went full eth maxi in 2018. Still here and still an eth maxi. - June 2024 https://np.reddit.com/r/CryptoCurrency/comments/1dut3vs/daily_crypto_discussion_july_4_2024_gmt0/lbljeg2/ > Easy.....XRP and ADA. https://np.reddit.com/r/CryptoCurrency/comments/x6vdd3/daily_general_discussion_september_6_2022_gmt0/ina6vnf/ - September 2022 > FTT... fast track to usa regulatory approval. https://np.reddit.com/r/CryptoCurrency/comments/t31jcu/daily_discussion_february_28_2022_gmt0/hyq3yo4/ - February 2022 > After 7 years, I have whittled down (aka consolidated) my coins to the final 4: ETH, XRP, FTT, and LINK. Got rid of BTC back in May...VET back in August.....LTC back in 2018.... Ton of shitcoins in early 2022...Who will survive? - February 2022 https://np.reddit.com/r/CryptoCurrency/comments/sz2hre/daily_discussion_february_23_2022_gmt0/hy2f9hx/?context=3

biba8163

> Do from 2016 and see the results (ETH would crush BTC)....all this cherry picking dates is garbage When you pick a coin that blew up big when in time when it is a much smaller marketcap, of course it outperforms. This is akin to the BTC cult always picking like 2009/10 and saying BTC is best performing asset for the last 10 years, last 15 years, etc. > all this cherry picking dates is garbage You claim I cherry pick datesb but people like you who invest in ALTs are always making up fictional investments and cherry picking winners from the past saying I picked all the winners and I out performed BTC by XXX. **Lies, Damned Lies, and Shitcoiners making up stories of making money in crypto.** > Really...I was a btc maxi from 2014 to 2017....then went full eth maxi in 2018. Still here and still an eth maxi. - June 2024 https://np.reddit.com/r/CryptoCurrency/comments/1dut3vs/daily_crypto_discussion_july_4_2024_gmt0/lbljeg2/ > After 7 years, I have whittled down (aka consolidated) my coins to the final 4: ETH, XRP, FTT, and LINK. Got rid of BTC back in May...VET back in August.....LTC back in 2018.... Ton of shitcoins in early 2022...Who will survive? - February 2022 https://np.reddit.com/r/CryptoCurrency/comments/sz2hre/daily_discussion_february_23_2022_gmt0/hy2f9hx/?context=3

DBRiMatt

That's a little sad for LTC to be honest. I thought it would have beaten XRP atleast!

RequirementOk6778

2 years ago moved some of my money using LTC. I wanted to diversify remaining LTC but luckily didn’t: it was the best performing crypto those days

RequirementOk6778

Not a “fan” of LTC but in most cases when I do something with crypto I select LTC: simply the fastest and the cheapest solution that is supported by most APMs, cryptoexchanges etc

R4ID

> Calling unlocking billions of XRP deflationary is an interesting idea Does the total amount of XRP in supply increase or decrease every 3-5 seconds? the answer is pretty cut and clear here. Let me put it another way, If I have BTC and I lock it up in a time locked escrow to be released tomorrow, is that Inflation? did I "create" new or more BTC? Clearly the answer is no, the BTC was already in my wallet, live on chain. Yet the XRP that Ripple has had live in their wallets since 2012, which they locked up in 2017 to you is somehow "minting" or "inflation" ??? do you see the problem with your argument yet? like they've been posting publicly about their intentions the entire time https://ripple.com/insights/ripple-escrows-55-billion-xrp-for-supply-predictability/ this isnt that difficult. >but does not fit the math I learned in school. Clearly you didnt pay attention in math class then. >If XRP is independent from Ripple, then how come that Ripple can unlock these billions. https://xrpl.org/docs/concepts/payment-types/escrow/ because they put them in a timelocked escrow? or do you also not know what that means? Anyone can put any XRP they own in a timelocked escrow. Once the specified time has passed, Anyone can send what is called an "EscrowFinish" transaction to unlock the funds. Sometimes Ripple isnt even the one to send this transaction. People in the community have used this + the memo tag to put silly stuff attached to the unlock escrow message. stuff like this https://x.com/martypartymusic/status/1807925068858904746 it is often used to trick people who dont understand what is happening or who are new. >They did not buy them Correct, when the XRPL was created the 100 Billion "XNS" which would later become XRP were in the genesis wallet. the private key to that wallet is located here in the codebase https://github.com/XRPLF/rippled/blob/ffd453f7dd091b0499fd6ab964880c8268deead4/src/ripple/app/misc/NetworkOPs.cpp#L852-L854 Anyone could of taken as much or as little as they liked from this wallet(and many people did) it was worth 0$ at the time but IIRC Roger Ver and Ex CEO of kraken Jesse took from the genesis wallet to test out the new tech. At the time the community was much more focused on tech moreso, so to try out a brand new consensus method which didnt have the costly energy demanding PoW problem was very interesting to many people. >Whenever they need some funding they dump that stuff on you. They have had multi Series A,B and C rounds of Funding to the tune of hundreds of millions of dollars at this point. example (https://techcrunch.com/2019/12/20/ripple-raises-200-million-to-improve-global-payments/) And again, its Their XRP that they can do whatever they want with. You wouldnt blame BTC miners for selling BTC? or Vitalik/lubin/consensys for selling ETH? Hoskinson/IOHK for selling ADA? Charlie Lee for selling LTC? All those people actually created the thing or were the largest Dev(like Ripple) for that given project. ??? why do you hold Ripple to a different standard than the entire industry. I mean heck, we know exactly how much XRP Ripple has sold because they release that information in quarterly reports, yet for ETH, etc we have Zero idea how much they hold/sell. >And what do buyers get back? Nothing. The same thing buyers of BTC get back when miners sell. nothing. the network is open source and opt in. >Because the company's business is separated from your chain. Ripplenet interacts with the XRPL and some of its advanced functions only are possible with the XRPL, so no. you're wrong again in your understanding of those 2 networks and how they interact with each other. >I'll give you another example: CRO. Which was created by the company and the nodes are Run by the company. Again NEITHER of these apply to XRP as it existed before Ripple. >till it is controlled by CDC and thus all claims of an independent chain is just a facade. Provide examples as to how Ripple controls the XRPL. Show me how any of these are possible. when you realize none are you'll understand that Ripple doesnt control XRP or the XRPL. - Freeze XRP transactions - Reverse an XRP transaction - Doublespend on the network - Censor a user from spending their XRP - Force a code update on the validators - Create more XRP >I for myself would not call 117 validators a decentralized network. Show me the centralization. so far youve made a bunch of false claims which I dont even have to google to disprove so ??? >You can twist things the way you like. there is no "twisting" its what is the truth and what is delusions written by you. you're constantly failing to "verify" / prove your claims are true. Don't trust, but verify. you cant prove anything youve said is true (because most of it isnt) >Fact is, XRP and Ripple are not like any other crypto. I agree, XRP is fast, cheap, it scales, it has a built in Layer 1 Dex(the first in the world ever created) XRP invented the concept of token issuances (like ERC-20) XRP invented the first stablecoin, XRP has order books AND an Automatic market maker now (unlike ETH) its green so it doesnt destroy the planet with wastful energy usage, its more decentralized than BTC/ETH atm, has more fiat currency pairs than both of them combined atm. the list of things that XRP can do that others cant is quite long in fact. Ripple is a company tho, not a crypto. >And the fate of XRP is tightly bound to the fate of Ripple. Agreed, Ripple is the largest Dev, much like Consensys/IOHK etc are to their respective blockchains.

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CryptoAd007

Well, on the contrary, sites like Chain-Bet.com, that relies solely on Litecoin blockchain, are pretty dead. Other gambling games like Stake.com does not get much volume for LTC either. May be, Litecoiners are anti-gambling in general!

biba8163

If you had invested $10,000 in one of the top 10 coins in July 19 2017, 7 years ago you would have: - ~$298,000 if invested in BTC - ~$180,000 if invested in ETH - ~$34,000 if invested in XRP - ~$17,000 if invested in LTC - ~$15,000 if invested in ETC - ~$1,500 if invested in NEM - ~$1,700 if invested in DASH - ~$6,500 if invested in IOTA - ~$47,000 if invested in XMR - ~$128 if invested in STRAT https://coinmarketcap.com/historical/20170717/

BuffaloBrain884

I actually worked for both a crypto exchange and a crypto ATM company. Where I worked, virtually nobody bought LTC. It was only added because it's similar to BTC technically and from a compliance standpoint. Hashrate says nothing about how often LTC is users for transactions.

sevaiper

LTC functions as an actual currency. You don’t hold dollars expecting your magic beans to 10x, you have them as short a time as possible in order to transact. 

BuffaloBrain884

>It's actually one of the few coins that people actually DO use. >And by use, I mean, like exchange for goods and services. LTC fans like to say this, but I've never seen any actual evidence of it.

Lillica_Golden_SHIB

LTC should receive more attention, good blockchain, cheap, fast, etc... But no VCs to hype it

Trentonhawk

Oh yeah, XRP is fast (probably faster), but for moving around large sums of $$, I definitely prefer LTC. I have transacted in XRP as well and also never a problem or high fees. But from what I have seen and read about confirmation times and fees, I thought Solana had that crown with it being able to do up to 65,000 TPS, theoretically. By comparison, ETH is about 30 TPS.

Abdeliq

>$LTC is the fastest and cheapest Blockchains to transact on. Confirmations in a few seconds to a few minutes and never a failed transaction. Fees are dirt cheap I've never used Litecoin to transact once and all my life I thought crypto with the fastest transaction is XRP

Trentonhawk

For me, $LTC is the fastest and cheapest Blockchains to transact on. Confirmations in a few seconds to a few minutes and never a failed transaction. Fees are dirt cheap, and if just works. Litecoin is my favorite #4 crypto overall to buy and hold behind BTC ETH and SOL.

Oheson

Hex, One, LTC, Algo, Loopring, CRO. ETC, LUNC, BCH, LUNA, and Tezos. The sub hates all those. Buy them all to inverse the sub and tell us how rich you get. Rub it in our faces.

SnowieEyesight

Why LTC?… there’s other ones far better that could have used

FTX-SBF

LTC is poop. Wen SOL!

foogazer

lol LTC is gonna melt faces and I’m not even invested in it

supercali45

LTC is such a disappointment lol

CointestMod

#Litecoin Con-Arguments Below is a Litecoin con-argument written by metnavman. > *Full Disclosure* > > *I sold my position in LTC this year during the last run-up to the ~$300s. Prior to that, I'd held a triple-digit position in LTC since ~2013. I did make money from this coin. That is only because of my time in the market, and not any particular strength of the coin in question. Truth be told, I'd have made more money being in other positions, so it is irrelevant. Perhaps I'll regret it one day. Perhaps not.* > > *I have been banned from various LTC-related subreddits for my opinions, prior to ever making this post.* > >   > > * The technology behind LTC is old. It is tried and tested, but it is old. While that's not inherently a bad thing for many applications, it's not a quality I would consider "strong" in a space where new technologies have vastly out-paced the capabilities of this coin. > > * LTC has the similar advantage that BTC has of being an early mover. As one of the first few coins in existence, it's been capable of catapulting itself into some pretty big places. Problem is, the coin hasn't really *done* anything with that. Mind you, I'm not saying that it hasn't had development, or that it hasn't seen improvements come along. I'm saying that it seems to have more or less reached the limits of it's capabilities as a PoW coin, from a technical standpoint and an investment standpoint. Specifically as a less-valuable version of BTC, and more recently, left in the dirt by DOGE. It unclear whether or not it will recover. It did [have this](https://news.bitcoin.com/grayscale-adds-174000-ltc-to-its-litecoin-holdings-price-of-the-altcoin-unresponsive/) and [this](https://www.theverge.com/2021/3/30/22357246/paypal-buy-with-bitcoin-litecoin-ethereum-crypto-checkout) happen recently, but so far, from a price increase/positive outlook standpoint, it's kinda [felt like this.](https://imgflip.com/i/5b3zj1) > > * [There are better coins for speed](https://www.stellar.org/?locale=en). [There are better coins for transaction fees](https://medium.com/nanocurrency/cryptocurrency-fee-comparison-which-crypto-has-the-lowest-fees-4e9118590e1f). [There are better coins to make money trading on](https://coinmarketcap.com/historical/), depending on [your level of risk](https://www.analyticsinsight.net/top-10-highest-growing-cryptocurrencies-in-2021/). There are better coins for storing value, namely the one worth the most. The only time that statement would change is if you were *already invested in LTC from years back*. Tl;Dr - **There are better coins**. The problem with this conversation is that it stops being about the technology behind the coin, and that makes it difficult to speak to the Pros and Cons without talking to the other aspects, which is discouraged within the guidelines of this case study. We drift into less technical merits and more psychological aspects/money-driven reasons: people who stand to lose money in their investment/not see the coin grow further and do not want that to happen. > >   > > ==*The rest of this will lean in the opposite direction of the guidelines set forth for this argument. Past this point, you're entirely in the realm of my opinion/experience as a crypto holder/trader since the early 2010s. Do your own research.*== > >   > > * Litecoin gives off that MySpace feel these days. It gives off that "my grandma still has an AOL account" vibe. If you frequent the large melting pot subs for crypto, you'll find LTC is largely dismissed or bemoaned as that "red-headed stepchild of BTC". It's boring. It doesn't do much. That said, what it **does** do, it's pretty good at. Not great, but good *enough*. For some institutions and use-cases, that's perfectly fine. > > * You will consistently hear people who are in favor of LTC tell you that the age is a "feature" and that institutional money wants "stability" in their investments. While I disagree with those arguments, institutional money should be meaningless when trying to create a truly decentralized currency that anyone can use for anything, I understand where those folks are coming from. They're in this game to make money, which is what most everyone is in this game for, and likely what folks reading these arguments are looking for. > > * At the time of this writing, LTC has slipped to #15 for total market cap. I mention that because it once held the #3 spot [(#2 lost and never regained to ETH shortly after ETH arrived on-scene)](https://www.youtube.com/watch?v=1BCadb6SPNQ). It's slowly decayed from those top positions as time has gone on. That's not *inherently* a problem, as many coins far lower on the list have great use-cases and bear markets always shuffle things up. However, it creates a very serious problem: negative perception. > > * Remember what I said earlier: psychological. People don't like betting on the loser. People like to see their choices succeed, and again, at the end of the day, the vast majority of people in this space are lookin' to make some scratch. LTC is a hard sell for that. This past 2021 run, [you had a brief 7-day window](https://ycharts.com/indicators/litecoin_price) to potentially cash out your position around $350-$380. 11 days above $300. A nice 10x if you'd been betting on LTC [since it was ~$20-$30 back in 2017 or Dec 2018-Jan 2019](https://cointelegraph.com/ltc-price-index), but nothing like the gains that many other projects have seen since then (and only if you sold and didn't "hodl"). The markets have since taken a **massive** hit in late May 2021, and LTC dropped even lower ($184 as of 26 May, but crypto be like that). > > * If you google LTC, you'll see a bunch of predictions about how the coin is "bound for 10k" and it's "always a solid investment". It's actually a meme on some of the LTC-specific subreddits that LTC is always "2 weeks away" from that next big break. In my humble opinion, that break has come and gone. Those of us who put money into the coin at $3 have seen 100x on our returns. The coin has been in the media since 2017, and is one of the few coins that has been shown in major news outlets alongside BTC and ETH. This isn't **new** news though. These developments have done nothing to catapult the coin to some mythical new height that it's "destined" to reach. In stock-lingo, one could consider these developments to already be *priced in*. > > * [There's good things to say about the coin](https://beincrypto.com/litecoin-completes-mimblewimble-code-ltc-scaling-privacy/), but this isn't that sort of movie. I personally don't think those good things out-weigh the bad, and the entire thing comes full-circle to the crux of these arguments: LTC's technology is not on par with what the modern crypto-space has to offer, and LTC is not going to make money in significant amounts for the new investor compared to other projects in the space. I'd challenge someone interested in becoming a new investor in LTC to ask other holders when they entered. Good money says the vast majority are still holding from the 2017-2018 hype, just hoping for a chance to either get back to green, or maybe see some new gains. Sure, there's whales and "old money", but they're the ones with the vested interest in keeping LTC afloat. No one wants to see their nest egg dry up, and like I said, there *are* uses for the coin... I guess... [Go read the "Pro" argument section.](https://old.reddit.com/r/CryptoCurrency/comments/n5ugij/pro_contest_litecoin_proarguments/) > > * Just reading the linked articles, you can see incorrect/outdated information, price inconsistencies, hell, even the authors don't understand what "code complete" means for MWEB. Some of them [think it's already online for current use](https://anycoindirect.eu\/en/blog/mimblewimble-litecoin-s-vision-on-privacy)(it's not, as of 26 May). Cryptocurrency is volatile as HECK! > >   > > **I could be 100% wrong. LTC could go to 1k this year. It could go to 10k in '24-'25. It might not. At this point though, what makes it any more likely to "moon" than other projects within the space? What does LTC offer that other coins don't already do and do better, aside from "already got an old, wrinkly leg in the door?"** *Take that as you will.* ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Litecoin) to find submissions for other topics.

CointestMod

#Litecoin Pro-Arguments Below is a Litecoin pro-argument written by FrogsDoBeCool. > # Litecoin - A Cryptocurrency With Currency in Mind > > Disclosure: I have never owned Litecoin, I do not personally believe it is a profitable investment compared to other cryptos, but is a safe crypto to bet on. I have made a Cointest on this topic previously, which has been copied pasted here. This submission is supposed to be readable for any one person just starting in crypto, but does delve into more technicals later on. > > ​ > > # The Start of Litecoin > > * **Charlie Lee,** the [founder](https://en.wikipedia.org/wiki/Charlie_Lee_(computer_scientist)#cite_note-Williams-Grut_2018-1) and developer of Litecoin. Lee begun his life at Ivory coast, his family being Chinese immigrants at the time. During his teens, he moved to the United States where he finished [Highschool](https://www.cusd20.com/o/lhs) and [College.](https://en.wikipedia.org/wiki/Massachusetts_Institute_of_Technology) His major being in Computer Science, and eventually his master's being in Computer science as well. > * After College, Charlie had begun working [on getting hired](https://www.linkedin.com/in/chocobo/), from 2000 to 2007 he worked at a couple of small technology companies, but in September of 2007 he was able to be hired at Google! He has helped build several key features of Chrome until 2013. > * In 2011, Charlie learned of bitcoin via the [silk road](https://www.investopedia.com/terms/s/silk-road.asp), due to his already skeptical nature of the government he instantly was fond of bitcoin, he began mining bitcoin in 2011 but soon realized the faults bitcoin had, and began building what is now called Litecoin. > * **Litecoin's Foundations** > * Litecoin was built in C++ and officially was a fork of Bitcoin. All Operating systems allow for Litecoin to be used and developed on except some minor operating systems, and a couple of major ones like - chrome os, mac os. > * Litecoin works similar in bitcoin in that every 4\~ years the reward for mining is [halved](https://stormgain.com/blog/litecoin-ltc-halving#:~:text=more%20acceptable%20values.-,When%20is%20the%20next%20Litecoin%20halving%3F,will%20drop%20to%206.25%20LTC). The next being in 2023. > * Litecoin was built to act as cash, since every transaction cost (currently) around [$0.02.](https://bitinfocharts.com/litecoin/) Litecoin has a block time of 2.5 minutes, meaning every 2.5 minutes a transaction block is verified, leaving quicker transactions and less bloat in the network. The only time 2.5 minutes per block was overextended was in [2012](https://bitinfocharts.com/comparison/litecoin-confirmationtime.html#3y) when Litecoin during Litecoin's early release. > * Litecoin has about 50 transactions per second, about ten times better than bitcoin. > * The richest litecoin wallet owns about 6.5% of all litecoin's. From what I could find (not a lot) this may be an exchange's cold wallet. They dca into litecoin a lot, but buy at pretty bad times, nearly doubling its LTC held just days before the may crash. > * [Open Source](https://github.com/litecoin-project/litecoin) > * Litecoin is fully decentralized in the fact any one person could submit code into the network and as long as a majority of miners agree to that fork it will be implimented. This is similar to bitcoin. > * Litecoin made its own satoshi esque vocabulary, a photon. > * The Hashing Algorithm > * Since Litecoin works on Proof of Work, it needed to find a solution to ASICS, a crypto mining specific cpu. Litecoin solves this with [scrypt](https://www.mycryptopedia.com/litecoin-scrypt-algorithm-explained/#:~:text=Scrypt%20is%20a%20hash%20function,Litecoin%20and%20Bitcoin%20protocols%20respectively). What's funny is apparently since Dogecoin is a fork of Litecoin anyone can mine both Litecoin and Dogecoin simultaneously on the same network. > * There was no pre-mine on Litecoin. The first people who mined got the most. The supply of Litecoin is about 84 million at maximum. > * The price of Litecoin just barely went over its [2017](https://coinmarketcap.com/currencies/litecoin/) peak, which to many sounds bad, although 80-90% of all cryptocurrencies failed during the 2018 bear run, so litecoin has still beat the majority of the market. > > # What Litecoin is Now > > * **Litecoin was the first major cryptocurrency to implement the lightning network.** > * The Lightning network > * The lightning network is a layer two solution to build scalability, security, and speed upon bitcoin, but in this case, [Litecoin.](https://en.wikipedia.org/wiki/Lightning_Network#:~:text=On%20May%2010%2C%202017%2C%20Christian,a%20fraction%20of%20a%20second) > * Taken from my "Lightning network pro july - aug 2021"... "The lightning network to work basically sets up a channel that connects the network from the sender and receiver. The lightning networks uses multi-signature transactions to confirm a lightning channel. Time locks are also used, which is a way to stop transactions from instantly being executed. Time locks are most commonly used when there’s a lot of demand for bitcoin transactions, and not enough blocks being confirmed." > * TLDR: Lightning network will may litecoin even faster, secure, and decentralized than ever. > * **Mimble Wimble** > * Mimble Wimble is the update to Litecoin, it is THE update to litecoin to include complete privacy, comparable to Zcash and Monero, but with scalability and [security](https://coinmarketcap.com/alexandria/article/what-is-mimblewimble). Mimble wimble was first thought of in 2016, but took 4 years to begin testing on the litecoin test-net. > * mimble wimble hides the amount of litecoin sent, the address, and even the ip of the user sending the litecoin, thanks to [Dandelion.](https://medium.com/beam-mw/about-dandelion-and-mimblewimble-e083597e0355) > * To explain further, Litecoin Mimble wimble has no addresses. transactions and private keys are verified no longer by signing, but "Proof of ownership is instead achieved through methods similar to CoinJoin and Confidential Transactions. Input and output owners form a multi-signature to sign off on each block, eliminating the need for addresses," [source](https://medium.com/interdax/litecoins-mimblewimble-extension-block-proposal-209337b38b11) > * **OmniLite** > * OmniLite for the litecoin network adds support for smart contracts, easily created crypto currencies, and nfts. Meaning as of September, Litecoin while using Omnilite, [supports smart contracts and nfts.](https://litecoin-foundation.org/omnilite-launches-for-the-litecoin-network/) > * Omnilite was mainly developed by a worker and programmer of the litecoin foundation, Loshan T. > > # Conclusion > > * Litecoin's past and trajectory as one of the most popular cryptocurrencies continues with the development that the litecoin foundation puts into Litecoin to this day. > * The ability to include smart contracts, cheap transactions, scalability, and security helps solve the [cryptocurrency trilemma](https://www.gemini.com/cryptopedia/blockchain-trilemma-decentralization-scalability-definition#:~:text=The%20blockchain%20trilemma%20refers%20to,decentralization%2C%20security%2C%20and%20scalability), the first cryptocurrency to perfect the trilemma will become one of the most invested, used, and popular, Litecoin is close. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Litecoin) to find submissions for other topics.

goldyluckinblokchain

I doubt there is much demand for an LTC ETF

Zllimpat

I don’t know what quantumscape is or anything about peleton’s stock. I just feel bad for LTC because I always use it and a frog coin is probably going to surpass it soon :(

Zllimpat

So why does Pepe have same MC as LTC ?

Smiling_Jack_

Being used as a currency doesn't mean the currency will appreciate. In fact, there is generally an inverse relationship between a currency's appreciation and its velocity (how much the currency changes hands). So, while something may be great for being used as a currency, it doesn't mean it will be great at appreciating in value. There are obviously other factors at play with LTC's valuation, but I wanted to touch on this aspect.

Zllimpat

How come LTC and Pepe have almost the same market cap? LTC is almost as old as BTC and I use it almost everyday because it’s fast and has almost no fees. Isn’t that the point of crypto? Whereas Pepe is just a frog picture

cowboy_shaman

Probably in the short to medium term. If you look at the two longest standing alts - Eth and LTC - you’ll see they have never been able to keep up with Bitcoin on a longterm timescale

DangerHighVoltage111

Never say never😎. You forget that BCH lost the ticker and had to fight off two bad actors. But since then it has done fantastic. I know most people here are excited about NgU, but the freedom to transact is something really exciting and BCH is doing it best imo. XMR and LTC trying too. BTC and ETH, which most people are excited about, do not interest me in the slightest, because they suck in this regard. They are what one would call: the establishment.

TripleReward

LTC always was a shitcoin. Why anyone still holds that shit, after the founder sold at ATH while telling people to hods, is beyond me.

trrntsjppie

There were signs about XRP and LTC. The tops of those 2 coins in 2021 didn't rose (much) above the tops of 2017. That's a sign of weakness. The public isn't that interested anymore as they are in other coins. Can that change? Of course, when the fundamentals improve but do you want to take that risk?

Every_Hunt_160

More chance of your moonbag mooning compared to XRP and LTC

CRABMAN1981

LTC is used a lot to deposit on casinos because of the cheap fees, although admittedly I have found myself switching to USDT for that now. I'm only in for the remainder of my bag until it breaks even, which it's very close too or some slight profit, as it was my first purchase and gateway into crypto back in 2021. That money is earmarked for something else now and there would be little point trying to ride it much more.

GreenStretch

Got those bags, too. I hope they soar, but they may lag in the next cycle just like XRP and LTC last time.

GreenStretch

Besides BTC, I focused on those two coins after the 2017 bull market because they had the longest track record. I should have been buying ETH, but was but off by the 94% decline. Still have my XRP and LTC bags, but hope to take profits this cycle.

R4ID

>Now we have this one-day mini-rally w BTC and LTC and some other coins riding the wave but frigging XRP and LTC do not move. ??? XRP literally up 23% on the 7d. what are you smoking?

NFTbyND

Dump XRP and LTC and buy other mid caps with more appreciation potential like Ada and Avax

Amasan89

XRP might be next with ETF so I would hold onto those. I haven't heard anything about LTC for a long time.

baconcheeseburgarian

Truthfully I’m surprised LTC hasn’t had a run. It’s a faster Bitcoin with the mweb privacy extension. XRP is overinflated and doesn’t seem like it’s designed to rise in value given its application. Just don’t see any major market use case for it.

oMadRyan

Are you using XRP or LTC? If you aren’t, why should anybody else? Seems like 99% of shitcoins are filled with people hoping it is the next big thing without any actual reason to use it

Leownx

No wonder friend those are shitcoins. I used to believe in LTC/xrp but just look at the Max BTC/LTC chart.... LTC it is doomed. No difference with Max BTC/XRP chart. Stay away from loosers get BTC instead.

CryptoWarfare11

That's truly how LTC chart is playing out. Little to no demand for it. Same price as 5yrs ago. Simply, nothing going for it. More and more will grow tired and exit, and the price will drop with it. Hard to hold a coin that gains worse than a savings account. LTC is close to solidify it's place as the worst investment this decade.

invalid_uses_of

I did some cryptocurrency purchases a while back, put them on a Ledger then basically forgot about it for a few years. The current balance is about $3000 so I'm not rich or anything. I've got: ETH: 0.4167 BTC: 0.0207 XRP: 650.099 LTC: 0.476325 In the eyes of you all that know a lot more than me, should I just throw the Ledger back in my safe, or should I do something with my current portfolio?

fairlyaveragetrader

But it is, trust, why does BTC have the value that it does? The original crypto, the hash, the trust So many of these projects are fly by night scams. Litecoin has been around over 10 years. That alone is substantial. It has kind of a cult following and every time we get into a bull cycle, it takes off as well. At least in my opinion, it's one of the safer bets if you're looking for a 5X. When the on chain fees get high with BTC and people get really euphoric. LTC always runs, unlike some of the project l2's that you can lose your shirt on. With LTC how much downside do we really have, 50%? Maybe? If that, bear market talk here, at least from these levels. That's a huge difference from the 98% a lot of the project coins drop

DanTycoon

This, just buy LTC (or literally any other coin) and swap to XMR. Route it through another wallet if you're worried about your exchange seeing this. I'd also recommend https://trocador.app/ to find a way to convert between XMR and not-XMR coins.

IndianDutchy

Say whatever you want about LTC but it still works after all those years.

TheGreatCryptopo

In my nearly 7 years in crypto I'd easily say 90% of transfers have been done via cheap transaction fees of LTC. Will this continue fuck knows but surprised 7 years on its still going even with a gazillion L2 solutions.

Every_Hunt_160

Cheap transfer fees, which was a genuine advantage a few years back since LTC and XLM were the only big coins where you could move funds from one address to another under 1 cent But with the proliferation of 10,000 new layer 2s that has came out since offering this same feature, it really isn’t an ‘advantage’ any more

xen91

I have bought xmr on KuCoin and sent it to monero gui wallet, just keep an eye on the fees. I think KuCoin still allow this. I also buy USDC on uphold or LTC on [ramp.network](http://ramp.network), send to wallet and then swap on [swapspace.co](http://swapspace.co) or similar. either way it's not all that easy these days.

Ur_mothers_keeper

There's ~100k USD in liquidity on haveno. It doesn't require a PhD, just a computer and a compiler. I find it a little funny that you refuse to use it and then go on to call p2p exchange impossible. Did you think p2p was going to run in browser on a website? You have an on ramp and offramp to Monero right there. All you have to do is learn a thing or two. If you want to do it easy and not use Haveno, you could always buy LTC or BCH and then swap using any swap service of your choice at kycnot.me. fees are pretty cheap for the swap, it's usually between half a percent and two percent.

ScoobaMonsta

Kraken has not delisted XMR. Certain region's around the world have been blocked from purchasing it on kraken, but it has not been delisted. You still have access to buy other crypto right? Just buy litecoin and send LTC to Tradeogre and get your XMR there. Tradeogre has 0.2% flat fee on all trades.

NightKnight_CZ

Litecoin trying to penetrate July 2023 LTC.D% and LTCBTC downtrend XRP also waking up Comeback of the Dinosaurs! Also let´s go Digibyte! my bags are ready for 50-100x

funkinaround

Not really. Much of it is wash trading. Just looking at major pairs (BTC, ETH, LTC, XRP), more than 70% of the published volume is likely wash traded (https://www.nber.org/papers/w30783). For lower market cap coins, whose volumes can sometimes be very large, the figure is almost certainly higher.

overwatchaim

I have a big stack of LTC, down about 30%. Should I sell it? Seems like LTC will never go up again, maybe even lose its rank in top30 cryptos.

Zednot123

> Eth and LTC did Priced in BTC, ETH has yet to get above the 2018 high.

asselfoley

LTC, xmr, wtf?

fairlyaveragetrader

Bch? Well you guys are leaving out the story of why it got so high in the first place. The 2021 top is more representative of what it's actually doing. In 2017 you had Roger pumping the price pushing God only knows how many Bitcoin into BCH to try to paint the charts and people just sold into him. That peak was there, sure, but it was a manipulated one-off thing with him or him and jihan If there is a neutral case to be made on it, because everyone only has so many dollars. It's how many X's could BCH possibly do? You probably have a four or a 5X from here if everything goes well but you also have a safer trade with LTC doing the same thing. Same goes for Solana. 5x from here. What's that put it at? About $700? Would not be surprising for a cycle top. Litecoin at 300? Well it did it in 2017 and it did it in 2021 and chances are it will do it again in 2025. On chain fees go up, people get really optimistic, the story of Litecoin being one of the oldest and still most used cryptos. I mean what's everyone by their drugs with? That's right, Litecoin. Functions basically identical to Bitcoin with 1 cent transaction fees. Even have that whole silver argument to Bitcoin gold thing that they were pushing in 2017. Probably bring that one up again. So you guys that really suck at making money. Try to sit and think about where people are going to be next year. What will the narrative be because that's where you want to be now

fairlyaveragetrader

😂 I swear this is why you guys lose money. So we have the same guy who makes these posts all in the same format on a different account this time. Who knows how many of the responses are even legitimate. The future of BCH? Yeah maybe questionable? Hard to say. It's certainly not dead. Litecoin on the other hand. So it got above $300 in 2017 and it got above $300 in 2021 and it always goes on a run when on chain fees go up. It's being accumulated by Wall Street funds. Grayscale has a litecoin trust and the two brothers and a cousin responses are talking down on that? I mean I don't think you guys are going to free up more LTC posting on Reddit if that's the purpose of this? Because anyone with even half a brain cell is accumulating that one along with Solana, along with Ethereum, along with Bitcoin, this isn't rocket science,

DangerHighVoltage111

LTC has two strong suits, CEX transfer and bitpay. And it is used by maxis without shame contrary to BCH. BCH on the other hand has more real world shops and pockets of heavy use like townsville or paytaca. Argentina is another hot spot I believe.

Zombie4141

I don’t think any other cryptos reach their ATH from their first bull run. Eth and LTC did, but just about just about everything that was hot in 2017, sucked in 2021.

DangerHighVoltage111

While LTC and Monero are good options, too, BCH is in a unique position of being a bitcoin chain (OG distribution), doesn't have the blocksize limit or segwit bug like LTC and scales better than Monero. If you are interested in p2p cash all three are good options.

iworkisleep

Might as well buy LTC then, way more accessible and usable than bch

coffee_is_fun

So long as entities that matter have large holding of it, it will not die. FFS Canada declared it one of the holy 4 crypto currencies along with ETH, LTC, and BTC. It emerged at the right time to get caught up in sluggish, dinosaur legislation and I suspect there are other countries that reacted in 2017-2018, blessed BCH, and haven't updated the books. This means that BCH will probably have a pathway to a stock market instrument at least in Canada, for example.

Lillica_Golden_SHIB

Also my thoughts about LTC, sadly. Loved to use it

LowOwl4312

>There are some people who are very bullish on BCH and call BTC trash but I have no clue why. Because BCH has much lower fees. BTC has become prohibitively expensive to be used as peer-to-peer electronic cash, hence the new narrative of it being a store of value instead (which never convinced me personally) or that everyone would start using Lightning and Layer 1 is just for large settlement like between "banks". So in terms of utility as a currency, without a doubt BCH > BTC. However, BCH has the problem that it's not alone. Litecoin (LTC) is very similar to BCH overall, and less known coins like Kaspa (KAS) or Nano (XNO) are even cheaper and faster. So in terms of usage as a payment method, BTC might be the worst, but BCH is also not the best. Finally, I think to be peer-to-peer electronic CASH, you also need to have privacy. Hence Monero (XMR) is indispensable in the crypto "ecosystem". I think if you could combine the tech of Kaspa and Monero somehow, that would be the ultimate electronic cash. Until then, people will just advertise their favourite alts (each with their pros and cons) or "invest" in BTC because it's the most well-known name and most people just care about crypto to make more (fiat) money and not about getting rid of the legacy, government-controlled banking system for payments.

Master_Ad_9083

Just add LTC to the search button in the bit info charts you searched out above, you’ll be surprised how ‘undervalued’ LTC is given it’s strengths across these metrics. Even including vs BTC

Master_Ad_9083

Complete opposite today addresses sent so far LTC 330k addresses sent vs BTC 208k. Yes, LTC has 50% MORE than BTC, BCH has only 16k 20x less than LTC. https://bitinfocharts.com/comparison/sentbyaddress-btc-ltc-bch.html#3m

Mr_Hodlerr

One scary thing about LTC is that top 100 addresses own 42% of the supply. I would have to do more research to compare them.

RubberyDolphin

How about LTC?

KingofTheTorrentine

BCH, LTC and XRP are those that you can never trust if they try to present themselves as in the same tier as BTC or ETH. The diehards are delusional and will lie through their teeth, but they are so big, and have so many analytical achievements they'll gaslight you if you're naive to the space. I say this as someone who bought XRP at 3$ and thought the same thing. They're unproven speculation assets like any other. Doesn't make them scams, but it doesn't mean success is guaranteed.

skyHIGH-1

Dont know . I never said LTC is bad .

RocketRon8

Why is LTC bad?

skyHIGH-1

I do not know why LTC markets it as scalability & privacy 🤷🏻‍♂️

sakakmakak

Same with LTC

moonRekt

I won’t touch Solana because I learned my lesson from XRP. But there’s XLM, ADA, Doge, LTC… after 7 years here I know I know nothing, but if you ride something into the top 5, the move is to sell. You’ll just be a bag holder in the end if you’re buying SOL now. Maybe it has a good run but in 5 years I bet it’s falling out of the top 30

Fluffy-Space-290

LTC is going to 1000 this cycle. Just wait till the LTC ETF is announced.

forgotmypassword4714

Nice, some of my favorites made the top tiers (BTC, SOL, LTC and AVAX). What tier would you put these ones in: CAKE, KSM, ATOM, VET?

C-Class_hero_Satoru

This is what triggers me the most. Even DCAing BTC is difficult, because you cannot send small fractions of BTC daily to your hardware wallet because of the hight number of UTXO. It's recommended avoid transactions less than 0.01 BTC. Also small fractions will remain small fractions forever in your wallet. Many people did daily DCA before and their wallet is a mess today. I never used BTC to buy something or to send money, I used only LTC because it was fast and cheap, I don't understand all this hype about BTC because it doesn't have any user case in real life apart of "store of value".

Oheson

LTC was the first meme coin. And it is the still biggest shitcoin.

VictorOgorodnov

I like Litecoin since 2013. Still works, never got scammed, basically another Bitcoin. But yo, Michael Sailor and other scammers don’t shout LTC from every corner which is probably good, not for the price tho.

Yogi_DMT

Think about it this way, blockchain is a way of achieving decentralized consensus. That is the value proposition here, but it is also irrelevant to the value of what is actually being transacted on the blockchain. Now maybe if there comes along an improvement to the hard-coded/algorithmic aspects of bitcoin (block size, halving frequency, etc.) there could be a discussion to be had here, but most have already been tried (LTC) and people voted with their wallets and decided the tradeoffs did not in fact make for a better pure money based crypto. Most of the other aspects of debate (fees, governance, etc.) can be solved by miners adopting whatever version of the node software the community feels best accomplishes the goals of the currency. There's probably a better chance in the future of a division in miner pools than there would be another crypto gaining the sort of value bitcoin has. Bringing it back to altcoins, decentralized consensus has many use cases but these use cases can be achieved without needing for tokens to be treated as a form of money. Let's take ETH for example, if people decided tomorrow that ETH was worth $10 dollars, would it be able to achieved distributed consensus of smart contracts as well as it currently does now? Setting aside arguments of price helping with hash rate, the simple answer is yes. From a economical perspective, all that really matters for other cryptos is that miners can make more in fees that it costs to run a node. BTC is less about the crypto itself and more about everyone agreeing and saying, let's use this ledger for transaction of money using blockchain technology. Anything else like use blockchain as a form decentralized consensus for application code or any of the other plethora of use cases can be achieved without needing tokens to have monetary value.

Beechbone22

DOT, ADA, BCH, LTC, TRX and XRP on a tier list in 2024, yikes.

MagicMaker32

Stopped reading after a bit, but a few notes.... Kaspa has some uniqueness, namely its ghostsag protocol. It's a POW that aims to have smart contracts soon, which while not unique only a few others I know about (ETC and Ergo). Not sure what's decentralized other than it has a lot riding on its core contributors. Leo was created as an instrument to resolve a debt issue for the exchange that had some more utility tacked on to it. BCH seems a bit low, it's one of four cryptos traded on the exchange built for US institutional traders like banks and corporations along with BTC, ETH and LTC.

CounterAdmirable4218

Can't go wrong with LTC.