Litecoin expressed: “Litecoin is a truly decentralized network, there is no central authority that can freeze your money. Only you control and make decisions of what to do with your money.”

During the current conditions, many of them are not happy about Litecoin and indeed most cryptocurrencies not going anywhere.  However, in the current scenario stacking as much LTC as possible at the low rates is really a brilliant move to do. It’s worth paying attention to buying the low price as the future big losses will be made up by those who learn to survive the tough periods.

During these conditions, many think panic selling everything is absolutely one of the best moves.  However, those who are investment savvy will know that it is good to zoom out, because basically all fortunes will be made by those who learn how to endure the kind of tough market conditions.

During current market conditions, everyone and their dog will keep selling everything at low prices. When the market trends go higher, that will be the once in a lifetime chance to accumulate astonishing ROI. The difficult part is enduring until that time comes.

Though frowned upon as a not so profitable cryptocurrency which is not going anywhere, Litecoin is the longest running cryptocurrency with 100% uptime.

Those who are in the cryptocurrency space to make profits are not really impressed.  They feel LTC will never make it. Regretful holders point to how LTC has been regressing. Those who are not able to see the price move are not interested at all.

Reportedly, LTC price peaked intersected by long periods of sideways activity. In December 2017 and April/May 2021, Litecoin’s price broke above $250 and reached a peak of about $410 on both occasions before it fell sharply.

However, someone who tried to clarify stated, “It is a savings technology. It’s not a get rich quick technology. It’s a not get poor slowly through debasement technology.”

Mixed beliefs apart, the purpose of Litecoin is to be used as a currency.  It is used to pay for goods and services, to send donations in Litecoin, send mass pay outs, to launch new tokens and NFTs, as a store of value, and peer-to-peer transactions.

Litecoin Card helps give cryptocurrency real world utility in places where major credit cards are accepted. This card makes it easy for people to seamlessly deposit cryptocurrency, which can be easily converted to dollars on the go making crypto easy to spend.  Thus, the power of Litecoin is in the pocket. Apple and Google Pay Support makes the usability easier anywhere these payments are accepted.