Litecoin 1000x

[Anonymous No.58967111]

Just the facts, bros:

>Been around nearly as long as bitcoin
>Remarkably stable
>Super-fast, low-cost transactions
>MWEB to obfuscate transactions / enhance privacy
>Huge amount of liquidity
>Commonly accepted most places BTC is accepted

LTC is not going to 1000x because of some buying spree - it's already one of the most widely-held coins. It is going to 1000x because of enhanced inflation that devalues all currencies...but unlike other coins that tend to be more volatile, LTC's inherent stability will mean that it holds at or close to its current level, it's going to exchange for $60K+ as the currency values implode.

>If that's true for LTC then all cryptos will be the same
Not so. See the part about LTC being remarkably stable for crypto. Its stability comes from it being a vehicle for transfers of BTC and other expensive to transact crypto. Meaning it is cheaper to send LTC and buy BTC than it is to send BTC directly.

[Anonymous No.58967123]

kaspa

[Anonymous No.58967127]

>>58967111

I have held litecoin ffor a long time and I can tell you this post is nonsense.

[Anonymous No.58967137]

>>58967127
It's going to happen. Conditions now are like never before.

[Anonymous No.58968638]

>>58967111
The problem with your theory is that 99% of LTC holders will sell once it reaches $300, so it would be really difficult to push past it.

[Anonymous No.58968651]

Privacy is bearish

[Anonymous No.58968667]

>>58967137
what conditions exactly

[Anonymous No.58969743]

>>58968638
>The problem with your theory is that 99% of LTC holders will sell once it reaches $300, so it would be really difficult to push past it.

You would definitely get a surge, then a sharp pullback on that selling, then the surge that comes after will push through. As I said before, litecoin is widely trusted it just doesn't get much attention. It really is the true essence of what crypto was originally presented to be - a private, decentralized currency.

Those who are holding LTC, whom I am one, may sell a portion but not our entire stack. There may be a percentage of bagholders from the one and only surge to $400+ a while ago, who bought in at any price above $100. But these people should wait just a bit longer when they see LTC shoot up initially instead of trying to cut unrealized losses.

[Anonymous No.58969746]

Why dont the jews moon this over 1k
Seems like an easy play for them

[Anonymous No.58969758]

>>58968667
>what conditions exactly

The one I explained in my OP: litecoin is factually one of the best cryptos out there, and it has a huge number of holders which lends to its relative price stability.

Because litecoin is resistant to sell-offs just as it is to huge rallies, its price will rise as the buying power of fiat exchange currencies diminishes. It is already known that there is a conspiracy by the IMF to cause hyperinflation in "first world" countries, many of whom have agreed to have settlements in USD.

Bitcoin's biggest problem is its super slow, super expensive transactions, and the fact that it's already exchanging for a very high rate. I could realistically see LTC and BTC swap exchange rates for USD that is, in 2025 or whenever the rugpull on the fiat currencies commences.

[Anonymous No.58969763]

>>58969746
>Why dont the jews moon this over 1k
>Seems like an easy play for them

Because litecoin is what bitcoin promised to be, and the majority of its holders are individuals and small businesses. I accept litecoin for my business and I have been since the scamdemic.

The reason litecoin isn't blowing up is due to a lack of manipulation of its price by financial institutions. It's often used as a vehicle for transferring other cryptos between exchanges and such, because it is so fast and cheap.

With MWEB it's also fairly private and secure. No need for crypto tumblers that just inflate transactions times and costs.

[Anonymous No.58969768]

>>58967111
Not before the -90% though

[Anonymous No.58969786]

>>58969763
>It's often used as a vehicle for transferring other cryptos between exchanges and such, because it is so fast and cheap.
I used to do this until I realized that there are other faster, cheaper cryptos for doing exactly this. Like Solana for instance. So I stopped using LTC for cross-exchange transfers.
The unfortunate truth is that Litecoin's 2.5-minute confirmation times aren't "fast" in today's world. You can really start to feel the difference between it and a network with instant transactions, especially if you use crypto often enough.

[Anonymous No.58969805]

>>58969768
>Not before the -90% though

Possible but not likely to happen. It has good support at $50-$55.

>>58969786
Solana swings wildly and will probably crash back down to the teens. There is a huge bear flag on the daily chart. I guess if instant transaction times are your focus then it's better in that regard, but it's rally is artificial, driven largely by coinbase offering 20% interest for holding it.

[Anonymous No.58969824]

>>58969805
>I guess if instant transaction times are your focus then it's better in that regard
I was more looking at it from a utility standpoint. Litecoin's just not fast. I could write a novel here about why Litecoin sucks from a speed and scalability standpoint but I won't even bother because >>58967123 already summed it up by mentioning kaspa. Anyone who's aware of the existence of kaspa's technology knows it's already over for litecoin and going the way of the fax machine

[Anonymous No.58969834]

>>58969824
>shilling kaspa

I'm not going to get into debates about the flavor-of-the-week shitcoin that some pajeet made up.

Fact is - fax machines are still relevant today. Sending documents by fax is equivalent (legally) to certified mail. The fool might say "email replaced fax" but to date documents sent by email can only have legal relevance if there is consent to receive service by email.

Kaspa here today, gone tomorrow. Litecoin has proven resilient and has huge transactional volume so "poor scaling" myths need not apply.

[Anonymous No.58969839]

>>58969805
It's far more likely than you're willing to accept. Especially if you look at the massive head and shoulders on the weekly chart, whose take profit is around 6$. Which is pretty much exactly -90%

[Anonymous No.58969846]

>>58969839
Looking at the daily LTC-USD chart back to 2017, I am not overly concerned about a -90% drop. The chart supports my claim of Litecoin's remarkable stability.

Also worth noting that all big moves were up.

[Anonymous No.58969861]

>>58969834
>Litecoin has proven resilient and has huge transactional volume
Litecoiners live in a world of cope where LTC is "fast" and does "huge transactional volume".
Reality:
>it takes 15 minutes to do a transaction on Litecoin (6 confirmations), making it nowhere near one of the best cryptocurrencies for quick transfers
>It has never done more than 1.3 million on-chain transactions in a day (source: https://bitinfocharts.com/comparison/litecoin-transactions.html#3y)) and is in fact incapable of doing more than ~5 million or so with is 54 tps throughput. That's not really "huge transactional volume" for a global network
The other selling points you've come up with for LTC are fine. It's old, it's got pretty widespread adoption, people trust it. It's shown long-term stability. Fine. But it's not fast or scalable. It wasn't even fast/scalable for 2014, let alone now.

Litecoin has the same exact speed and scalability issues as Bitcoin, fundamentally. They just sped the block time up by 4x, but that comes with other tradeoffs such as slightly weakening the security by increasing the stale block rate. It's fundamentally not an improvement over BTC, but rather a trade-off. And there's some really dumb money in LTC that doesn't seem to understand that and seems to think that Litecoin is some kind of holy grail that solves Bitcoin's speed/scalability issues.

[Anonymous No.58969864]

>>58969846
Zoom out.
It's right there.
The take profit is at 9 to 6 dollars.

[Anonymous No.58969920]

>>58969861
MWEB allows transactions to be bundled and processed together, meaning faster throughput for a given number of blocks as it's not just one block per transaction, but one block per several transactions. Even if it were two transactions per block that's effectively doubling capacity...but who is complaining about litecoin's speed when it is the fastest and cheapest reputable crypto?

You are also getting caught up in specs and minutia that do not matter. For the people who use litecoin, it is fine as-is. Credit card payments are not instant as they will not clear for 2-3 business days. The holds are instant, but so what? You still don't actually get paid the same day, let alone in minutes.

Kaspa and all other shitcoins/memes are not catching up to either BTC or LTC. Technically better doesn't matter when the trust isn't there, and these jeetcoins are like the rest - pump and dump after fleecing people out of money by selling them on unnecessary features.

The bottom line is this: about 65% of litecoin is held by normal people, not institutions. Dumb money is gambling on things like kaspa taking off and gaining meaningful traction, when reality says it is likely just to fizzle out as it doesn't bring anything new to the table.

[Anonymous No.58969977]

>>58969864
Your theory failed and the pattern morphed into a bull flag. The daily chart provides the most accurate picture of any crypto due to the inherent volatility and the fact that the the price is not the "value" but the "exchange rate".

The litecoin chart I posted suggests that at worst holding litecoin will break even and pace with inflation. The potential for 1000x is the culmination of several unique factors.

[Anonymous No.58970886]

>>58969977
checked. I have 159 of these bad boys. what am I in for?

[Anonymous No.58971002]

>>58967111
The only crypto I and most of my friends have ever used to actually buy stuff and use on regular basis.
When I use litecoin it really feels like it's what crypto was supposed to be, peer-to-peer, full decentralized, extremely low fees, no bullshit.
Litecoin is cyberpunk IRL.

[Anonymous No.58971158]

>>58967111
I'd love to see it but I don't think it's gonna happen.
There are better coins for BTC-style store of value: BTC
There are better coins for privacy: XMR
Low transaction costs never mattered, people even put up with $100 Ethereum gas fees

[Anonymous No.58971491]

>>58969920
>Kaspa and all other shitcoins/memes are not catching up to either BTC or LTC.
People like you deserve to stay poor because of your sheer laziness.
Litecoin has no actual value over BTC and the market sees that. It offers no significant speed or scalability advantage. BTC and LTC are both slow and unscalable. Except BTC is actually good as a store of value, while LTC does nothing but bleed.
In terms of actual utility, Litecoin is shit. And I say that as someone who's used it hundreds of times for "quick" transfers. I don't use it anymore because, unlike in 2018, there are better options for doing cross-exchange transfers now.
LTC was and is mogged by a coin that came later than it, yet offered actual innovation/value/utility that Bitcoin didn't: Ethereum. The fact that Ethereum's market cap is 70x that of Litecoin's, despite not being around as long, shows that your argument is BS. Younger alts can and do outperform LTC in both the short AND the long term.

[Anonymous No.58971505]

>>58967111
litecoin is never going to go up

[Anonymous No.58971644]

>>58971002
nice

[Anonymous No.58971864]

>>58971158
>people even put up with $100 Ethereum gas fees

Use of the past tense noted. mETH's long slow bleed to zero is inevitable.

[Anonymous No.58971958]

OKAY I need guidance here.

Does this fucking coin is going x100 or no?

[Anonymous No.58972173]

>>58967123
This

[Anonymous No.58973019]

Sneed

[Anonymous No.58973030]

>>58971958
It was 400 bucks in 2017 and it was 400 bucks in 2021. You tell me, fren.

[Anonymous No.58973093]

>>58967123
Grayscale keeps acooming LTC.

They hold 0 Kaspa.

[Anonymous No.58973446]

Kaspa is an israeli rug pull shitcoon

[Anonymous No.58973568]

charlie lee abandoned his coin

[Anonymous No.58973602]

>>58973093
who gives a fuck what grayscale does.

[Anonymous No.58973618]

We are in a crypto ice age, don't expect any market movement anytime soon, 1-2 years of crabbing atleast

[Anonymous No.58973625]

>>58967111
>Just the facts, bros:
>founder of the entire system dumped his stack six and a half years ago
>nonexistent development team because no one cares about it any more
>doesn't do anything that BTC, ETH, and even BCH can do better than it does

[Anonymous No.58973677]

>>58967111
>>Remarkably stable
100% uptime since 2011.
It's beyond remarkable. It's what Bitcoin would have if not for a few hickups in the earlier years that ended up placing it at 99.989%

>>58967127
It's still funny. I like to shill LTC just because it's a good coin. It's a dumb investment though.

[Anonymous No.58973889]

It's already the number 1 coin used as an actual peer-to-peer payments.

It wins by miles on fundamentals, but people are chasing 10x gains on crapcoins, and the smart contracts narrative is way overhyped. Degens don't realize the value of a solid, fast, cheap, version of bitcoin

[Anonymous No.58974675]

>>58967111
Sorry but ckBTC already solved this.

[Anonymous No.58974678]

>>58969763
>Because litecoin is what bitcoin promised to be
Sorry hun. That was XRP.
When you stop seething about "corporations" and grow up it will be too late for you.

[Anonymous No.58974684]

>>58969824
>KASPA shills
How's it feel being behind all the coins you said you would pass?
Jews are dumping huge and it serves no purpose.
>we can just start a scam in 2022 and get away with it
Only a little. It's over.

[Anonymous No.58974691]

>>58969920
>fastest and cheapest reputable crypto
Again.
XRP exists. XLM if you are a hipster.
XRP has literally done trillions and trillions of tx, over ten years of time, with a large MC, and has never once ceased operating for any amount of time.
It was OpenCoin, which was actually even before BTC.
You are trying to make something a thing that isn't a thing. LTC is a sped up BTC and both suck huge balls.
t. holds LTC

[Anonymous No.58974694]

>>58973446
Literally THIS SO MUCH

[Anonymous No.58976149]

>>58969763
>Because litecoin is what bitcoin promised to be

I mean all the other btc hard forks claim to be the same thing.

Ive been buying up rvn and dgb for my proof of work coins they are much lower market cap and are involved in digital and real world asset trading.