Litecoin (LTC) – Is there a future for Litecoin?

Litecoin (LTC) is undoubtedly one of the strongest cryptographic projects on the market. It's fast, has low-cost transactions and has the lightning network, which makes it almost infinitely scalable.
However, Charles Lee, the main person behind Litecoin has made moves that in the grand scheme of things question the future of this crypt. It started with Charles that he would sell all his coins during the high December, a move that slowed Litecoin (LTC) to a big problem. Then, a few days ago, Charles Lee repeated, this time advising investors to try to buy a bitcoin (BTC) before buying other coins, including Litecoin (LTC). Take a look at his Tweet under.

According to Charles, if this statement reduces the value of Litecoin (LTC), then it means that the the coin was not worth much to begin with.

Basically, it's trying to say that Litecoin (LTC) should be able to function alone, with or without its contribution, or anything else to say about it.

Although its intention is good, it could damage the perception of Litecoin in the market. This is because the cypto market is still young, and what the crypto-founders have to say about their projects has a direct impact on their values. Therefore, when Charles Lee goes out openly and asks investors to buy in another project, it is unlikely to go with the investors. This is because it sends the message that there may be something intrinsically wrong with this project. In this case, someone who holds Litecoin is more likely to guess it as a good long-term investment.

These investors are more likely to switch to Bitcoin (BTC), as advised by Charles, or buy other projects with similar or even better features like Litecoin. A project that is about to gain time thanks to the comments of Charles is Digibyte (DGB). Like Litecoin, Digibyte is a blocker UTXO, although faster, cheaper, safer and better than Litecoin on many other aspects. In fact, Digibyte (DGB) has achieved significant gains in recent days, in tandem with Bitcoin (BTC). Litecoin on the other hand only made marginal gains.

This is a sign that, in the long run, Litecoin could effectively lose its place in the cryptographic rankings. The cryptography market is not so unique from the rest of the financial markets where trust tends to have more meaning than the fundamentals of the project. If today, Apple's CEO came out praising a Samsung product, it is likely that Apple products would get hurt, regardless of the quality of technically superior Apple products. That's why the perception that Charles Lee created of Litecoin, being inferior to Bitcoin (BTC) is not good for LTC.

But that does not mean that Litecoin (LTC) is about to die. It still has the foundation to keep it afloat. And, of course, bitcoin (BTC) earnings will also reflect in the value of altcoin, including Litecoin.