And the reason is simple: Litecoin does nothing to contribute any value to the cryptocurrency world. This is directly from the mouth of litecoin holders and insiders:
Here is the link to the full explanation.
When you read this, do you really need $ 1.8 billion testbed for bitcoin? Where is the value that litecoin brings to the table. It is ok to take parts of other people when it is open source, it is a common practice among developers. LTC is paragon of parasitism.
Here is another very detailed essay on Litecoin by Multicoin Capital, they are too real for LTC's existence.
To reiterate what I have written earlier, since nothing has changed around Litecoin:
litecoin [LTC] is one of the coins that suffered the biggest hit by the bear market. The overall market has dropped below $ 2 billion and the shedding is not over yet.
It is a well known fact that Charlie Lee sold at the peak of LTCth, 2017, Charlie Lee sent out a tweet telling people not to get too excited with the unsustainable bull run. Charlie warned about the pending multi-year bear market and that anyone who could not handle Litecoin (LTC) dropping to $ 20 should not buy it. As many ased a FUD instigator, his reasons for making these assertions were rock solid and since LTC is now hovering just aboe $ 30. Charlie explained that every time the crypto market rises too fast, it overshoots its real value, which leads to a huge correction, and a price consolidation. Charlie's predictions have come true.
Charlie is not active in LTC for quite some time – it has been joined to the development of the second largest cryptocurrency, which is now ranked at number 7 on CMC rankings.
Bitcoin's gold, Litecoin was introduced in 2011 as a quick fix that was supposed to solve some of the typical problems of Bitcoin. Litecoin's purpose in the future. And the reason I think Litecoin is dead because of its price – it is dropped together with the whole market and not by its own fault. The reason is lack of unique value proposition
It was that in 2011 and it is still in 2018.
Litecoin can do everything Bitcoin can be called a testnet for bitcoins. But who needs a multi-billion testnet – who needs two identical projects
Litecoin depends on Bitcoin. This is not just a hypothesis, this was Charlie's vision from the project's inception.
LTC enjoyed the treatment as a bitcoin 's little brother – technology was similar as exchanges and wallets could easily integrated it where ever they integrated bitcoin. It was faster than time and bitcoin. 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 the coin and other exchanges adding new projects, the top 10 market caps being dominated by some very different and colorful coins and a general lack of attention and focus on Litecoin unless it makes some significant price movement, I'm not sure what would be motivated needed to learn about Litecoin's potential.
So if Litecoin's utility as a micro-payment solution is now in the question, where does it stand? I suppose it could be "silver" to Bitcoin's "gold", but if Bitcoins are (basically) infinitely divisible and act as a good store of value, then what does Litecoin do?
As Bitcoin network keeps litigated and upgraded with new innovations
Litecoin does not have the name recognition that Bitcoin has. Do you have a lot of money? Do you have a lot of money? I would say yes.
LTC will continue to drop as investors move towards projects that are more realistic in their goals. If anyone replaces fiat, it is going to be bitcoin and not litecoin. Litecoin's boon and curse has been mirrored, bittered – we enjoyed it
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