Finance News
By Dan Saada
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Litecoin (LTC) When BTC Expensive for Common Man
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One of the Litecoin Developer stated, Litecoin is currently still in the top 10. If you exclude Tether (stablecoin), it's 7th place in market cap.
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Yet another user stated, if there were more developers/coders I think Litecoin could have remained in the top ten in 2021.
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Very recently, one of the Reddit user stated that when ranked alongside U.S. traded stocks and ETFs, Litecoin is trending towards breaking into the Top 1,000 assets by market cap.
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Several Arguments have also been proposed about why users are holding Litecoin. The very common reason is its comparability to Bitcoin and the related favorability -…
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Also, Litecoin does not compare with Bitcoin on the hashing power and the security factor. When compared to BTC, the LTC security is not as robust.
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Many do not agree to the idea of Holding LTC for too long. They recommend sell on a high, buy back on the low and accumulate as a result.
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The general idea is that those who are bullish about cryptocurrency in the long term that they simply HODL and not be bothered about the little difference in points.
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In this regard, Sydney Ifergan, the crypto expert tweeted: “Whether holding Litecoin (LTC) or any other cryptocurrency waiting for a decent ratio to trade will just lead to…
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Some opine that when BTC becomes too expensive for the common man that they will buy LTC. When talking about privacy, there are other options like Monero (XMR) though.
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Charlie Lee having sold his LTC keep re-coming and re-doing the why factor in an average users mind. Despite all, Litecoin was never about hype.
The Currency Analytics
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