Litecoin (LTC) is a dead man who walks and not for his price

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Considered the silver for Bitcoin gold, Litecoin was introduced in 2011 as a quick solution that would have had to solve some typical Bitcoin problems. With the new projects flooding the market in recent years, the role of Litecoin seems to be a thing of the past – LTC is a strange man and nobody can lead to solid argumentation for the purpose of Litecoin in the future. And the reason why I think Litecoin is dead is not due to its price: it fell together with the whole market and not by its own fault. The reason is the lack of a single value proposition – it's just a blunt bitcoin copy with a couple of modified parameters.

It was in 2011 and it is still in 2018. This lack of vision and willingness to separate from the bitcoins and the creation of its own niche will cost Litecoin its existence.

Litecoin can do all that Bitcoin can do and is often called testnet for bitcoins. But who needs a multi-billion testnet – who needs two identical projects as one is enough and this is a winner takes all the battles.

Litecoin depends on Bitcoin. This is not just a hypothesis, this was Charlie's vision from the start of the project.

LTC appreciated the bitcoin's little brother's treatment: technology was similar, so exchanges and wallets could easily integrate it where they had never integrated bitcoins. This gave him an exposure and a liquidity that pushed his price high, mainly because many would use it for faster transactions between purses or wallets, since it had faster transaction times than bitcoins. In the meantime, there are many other coins that can be used for this purpose that are even faster and cheaper, almost free (Nano for example).

With Coinbase and other exchanges that add new projects, the 10 major markets are dominated by very different and colorful coins and a general lack of media attention and attention to Litecoin, unless they make a significant price movement, they are not sure of what motivates newcomers to do the necessary research to know the potential of Litecoin.

So, if Litecoin's utility as a micro-payment solution is now in question, where is it? I suppose it could be silver for Bitcoin gold, but if Bitcoins are (basically) divisible to infinity and behave like a good store of value, then what does Litecoin do?

As the Bitcoin network continues to be optimized and updated with new innovations such as Lightning Network, Litecoin's cases will disappear and so will its reason for existence.

Litecoin does not recognize the name Bitcoin has. It has a great advantage in improving itself much faster than Bitcoin, but with the increase of many other projects that have basic codes that are already more suitable for micro-transactions and scalability, Litecoin has lost the train? I would say yes.

LTC will continue to decline as investors move towards projects that are more realistic in their goals. If someone replaces fiat, it will be bitcoin and not litecoin. Litecoin's blessing and curse was his reflection of the bitcoin: they enjoyed the race in the past but with every contraction of the market, we will lose projects that have no reason to exist, like Litecoin.


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The writers and authors of CapitanAltcoin may or may not have a personal interest in any of the projects and activities mentioned. None of the contents on CaptainAltcoin is an investment advice, nor does it replace the advice of a certified financial planner.
The opinions expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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