LTC the old dinosaur, which was always only smiled at as the small, weak brother of BTC, has been characterized since spacious time by massive, silent purchases of whales, while having increasing on chain transaction and usecases. The years of downward pressure, is due to the many buyers who gradually capitalized, moving to various altcoins/PoS/Layer1.... I am pretty sure that soon the bottom will be in, so that the journey may finally go in the direction of new ATH.
I expected generally an ATH for most cryptos during our next bullish market that might take place end of Q1 or during Q2 this year before having another bear market, to kick in.
What speaks in favor of LTC?
- Increasing mass adoption and real use case around the globe
- Whale Accumulating since months
- innovation through OmniLite, WNEB etc.
- increasing transaction volume
- stable, lower transaction fees compared to BTC
What speaks again LTC
- Still PoW
- Slow transaction speed compared PoS chains
- Seen as dinosaurer inside crypto community (not really seen as good investment)
- Various Cryptos are already in use as payment standard around the globe so the market is kinda saturated
Nevertheless, I am confident that we can expect good growth in LTC in the coming months (as long as the general market does not crash further).
This analysis is without warranty. This is NOT a call to buy or sell Litecoin/LTC. Do not invest more than you can afford to lose. Stay healthy
I expected generally an ATH for most cryptos during our next bullish market that might take place end of Q1 or during Q2 this year before having another bear market, to kick in.
What speaks in favor of LTC?
- Increasing mass adoption and real use case around the globe
- Whale Accumulating since months
- innovation through OmniLite, WNEB etc.
- increasing transaction volume
- stable, lower transaction fees compared to BTC
What speaks again LTC
- Still PoW
- Slow transaction speed compared PoS chains
- Seen as dinosaurer inside crypto community (not really seen as good investment)
- Various Cryptos are already in use as payment standard around the globe so the market is kinda saturated
Nevertheless, I am confident that we can expect good growth in LTC in the coming months (as long as the general market does not crash further).
This analysis is without warranty. This is NOT a call to buy or sell Litecoin/LTC. Do not invest more than you can afford to lose. Stay healthy