Despite the fact that Litecoin will have its own Lightning network, there is little question that Bitcoin’s LN will drive traffic away from LTC. I realise that costs and channel opening times would be lower on LTC, but will this be enough to persuade people to switch?
I also saw that Ethereum 2.0 would allow for hundreds of TPS with cheap fees, which hints towards Litecoin’s use case.
With the new incoming scaling solutions brought on by Bitcoin and Ethereum, it nearly appears that Litecoin will have to target another market niche or the community will have to re-adjust the marketing **plan. **
The Litecoin is silver 2.0, and it has the best value and uses case. It’s similar to Bitcoin but not the same, and it’s an ancient and tried-and-true cryptocurrency. Most likely, it will be used as an industrial value store. That is my point of view. I don’t view Bitcoin or Litecoin in terms of transactional value; instead, I regard them as an institutional store of value that is retained rather than utilized as a currency.