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Litecoin has been up by more than 50% over the last 30 days, according to Kraken Exchange. Kraken points to how Litecoin (LTC) is one of the very first projects to copy and modify Bitcoin’s code and use it to launch a new cryptocurrency.
Kraken reinstated on how Litecoin’s software sought to differentiate from Bitcoin with changes aimed at improving confirmation times for merchants.
The promotional materials according to Kraken brand LTC as “Silver to Bitcoin’s Gold.”
Believers of LTC depend on it to rally around supply reductions and also to track Bitcoin’s price growth in bull markets. Those who are new should skip the FUD and get to know the true purpose of Litecoin.
While Litecoin will be turning 10 next month, show me the crypto have discussed with Charlie Lee, Creator of Litecoin on how the industry has evolved over the past decade.
Community response: Lot of reasons to love Litecoin (LTC) “low fees digital silver 84M 9+ yrs no premine Scrypt king BTC testnet No Satoshi stash #1 alt on ATMs BTC twin 4Y halvings Grayscale & Blockfi Trust PayPal/Venmo 100% uptime mined w/doge MWEB upgrade.”
Critic 1: However, I have a different view: Much higher fees than Bitcoin LN. Digital silver is meaningless marketing nonsense. We already have a smaller unit for Bitcoin: Satoshis. Faster and cheaper than Litecoin and the thousands of lousy Bitcoin Ripoffs. You really are claiming to be mined with Doge as a Pro? Wow.
Response to critic: We want a final settlement. Litecoin has all the same features of Bitcoin. It’s been 10 years. Litecoin is useful and will be around for decades to come.
It’s not about features. Litecoin doesn’t have the liquidity and security of bitcoin. It is one of the thousands of copies of bitcoin. Watch it drift down the market cap ranks until it becomes a historical footnote.
Litecoin has special features that have stood the test of time. Watch Litecoin return to the top of the market cap rankings. And, yes, it’s about the feature, history, adoption, and usefulness. Litecoin has massive liquidity and security. It’s the king of scrypt.
When Litecoin as margin collateral? Critic 2: Keep dreaming. LTC is losing power.
El Salvador, Cuba, and Belarus are speeding up crypto adoption. With MWEB coming, things are looking good for Bitcoin and Litecoin.
Litecoin was my first cryptocurrency. Still hold more LTC than others. It should eventually be at .25 BTC or, right now, over $12,000.00. If Bitcoin stays at 50k, so it’s about 50x undervalued compared to the market. The monthly chart is finally turning over after 2 years, and I am hoping we are in the .01-.02 range in the coming months.
