Is investing in litecoin still worth it?

I have gained great profits by investing in cryptocurrencies but I have stopped it for some time after bitcoin market crash. So I am looking forward to invest in Litecoin. I know it is not that much profitable but if bought in large amount, will it be worth? Just need some guidance. Any help is appreciated. thanks in advance!

I believe so. It moves with bitcoin (pegged) imo and proven past ltc tends to run up before btc thus im guessing this latest run up on btc is false.
LTC needs a good team and community like DGB with projects built on that which have been done for free unlike mimblwimble which has a cost which i’ve donated 5 ltc to.

I shifted a bit more of my portfolio over to Litecoin a few days ago, primarily because of the work that is being done now on integrating Mimble Wimble into Litecoin. Adding private transactions will, I think, add some additional serious value to Litecoin, so as development on that progresses and completes, I’m optimistic for price increase. Won’t be immediate (since development is happening on a one-year timeline), but long-term I think Litecoin is in a good position to increase in price, both against USD and BTC.

Check out this thread for more info: Litecoin Confidential Transactions - Dedicated Fund

1 Like

I believe that it is still a good investment right now. With the Bitcoin halving in May and with how close LTC follows Bitcoin I think there are going to be some big moves happening with LTC this year.

1 Like

Check out our fundamental report.

Should give you what you need to make an informed decision.

1 Like

I think this is a good investment now. However, I have a feeling that in the near future it may cease to be profitable. Personally, I invest in bitcoin, usdt and eth.

Curious, why do you think it will cease to be profitable in the near future? What change do you foresee?

I think yes. But it seems to me that it is better to invest in several different cryptocurrencies. I do this in order to minimize the risks

I doubt that there are any factors that make Litecoin more promising than Bitcoin in the long term. First off, Litecoin is based on Bitcoin and cannot offer wider functionality. The second thing is that the Litecoin reward halving has already happened not long ago while the Bitcoin reward halving is scheduled in May 2020. Many exchanges have BTC markets but lack LTC ones. Imagine if you switch to LTC. You will be limited by only a few exchanges that provide LTC markets. Litecoin is a good project in general, but personally I can’t see the reason to switch to Litecoin after disappointment in Bitcoin.

I would be happy if litecoin also grew in the same way as other currencies. But I do not always see this.

Litecoin is no different from Bitcoin and other coins, if we are talking about the prospect

1 Like

It rather looks like LTC is not the coin to hold anymore. Creator hyped it up as hard as he could while selling bags off and when it happened the hype stopped. Halving is done and coin lost 75% of its high value since that in 6 months. Considering how ALTS have been pumping this year and how poorly LTC has made moves,gains hard and looses easy,it really makes me think that maybe it would be all for good to exit.
Counting years since creation of this coin the there should be insanely strong community behind. Instead of that we have LTC Foundation that sells t-shirts.
If anyone has some opinion to share,feel free to share your opinion.

As long as I can trade LTC against ETH and BTC on Mercatox, I consider Litecoin as a nice cryptocurrency. If they delist it (I doubt that they will do that) then I won’t be using Litecoin any longer. That’s how I feel about it.

Have held for years and lost count on how many times we have heared we are about to ‘go to the moon’ or ‘big things are just around the corner’ We had the chance but the creator bottled it and sold out. Unfortunately this will go no where. This will always just be a pet project.

Oh dear, I’ve found my first troll.

1 Like

Very nice Swot. Thanks Brooks !

I think that ltc fits for quick transfer between exchanges. If mw project achieves, it’ll roxx monero.

I think it is still worth to invest in litecoin…although, there are so many aspects that should be consider before investing in any currency. here is a complete guide about investing in Litecoin Read it at 1btcnews .com

If by “investing” you mean waiting for profit due to the LTC price volatility then I think it’s worth it because there are no reasons to believe that any soon the price will become stable. Litecoin is still quite popular (one of the top 10 coins). This coin is listed on many exchanges. I think it is still possible to make money on it.