Crypto is HODL One of the most common used terms. With almost every crypto, there are HODLERs But in reality, not every coin out there is worth HODLing. Some are dead projects that have no technical development or competitive advantage in the market. One coin that is worth HODLing is Litecoin (LTC). While Litecoin (LTC) has a significant amount of its value in the 2018 bear run, it has the fundamentals to make a major rebound in a bull market. Here are 3 reasons why Litecoin (LTC) is worth HODLing.
- Its adoption rate is growing
Litecoin (LTC) is one of the most widely used cryptocurrencies in the market. Lots of merchants now accept Litecoin as a form of payment. This growing adoption is an indicator that merchants do appreciate Litecoin for the purpose.
It is its intrinsic value that will rise over time. Litecoin's adoption proves that it has value beyond the speculation that is characteristic of the crypto markets. Reason Hard Reached In 2019 When this use of the speculative demand will hit the cryptic market at some point in the future, Litecoin (LTC)
- Litecoin (LTC) is heavily tied to Bitcoin (BTC)
There are lots of backward links between Bitcoin (BTC) and Litecoin (LTC). Charlie Lee, the figurehead behind Litecoin (LTC) has been quite vocal in bringing out the interconnectedness of the two. This perception of interconnectedness means that if the Bitcoin (BTC) rallies, Litecoin will rally too. Of course, a bitcoin rally would pull the rest of the market with it, but Litecoin (LTC) would rally harder. In the market, investors can perceive it as a cheaper version of BTC and FOMO into it.
Now the big question would be, will bitcoin ever rally again? Looking at the chart, Bitcoin (BTC) has held above $ 6000 all through the 2018 bear run. This means that it could have hit a floor at this price level. BTC than any other crypto. A combination of these factors could easily push the bitcoins (BTC) to over $ 100k in the next Bull Run. In such a case, the value of Litecoin (the cheaper version of Bitcoin (BTC) would rally as well. Litecoin (LTC) at $ 1000 under such conditions is very much plausible.
- Litecoin halving is coming in 2019
Litecoin (LTC) halving is going to be by then, Litecoin (LTC) could be headed for some serious gains in the next halving. Since Litecoin is now better known than in the previous halving, the FOMO can be pushed into the middle of a market-wide bull run. ) to over $ 1000 and beyond. It's definitely worth HODLing with 3 – 5-year target. It's a crypto that can be sure to be around for years to come.