Is LiteCoin Dead in 2022?

Is Litecoin Dead?

Litecoin is the 2nd oldest cryptocurrency behind Bitcoin but hasn’t done much over the long run compared to Bitcoin.

While I hold the majority of my crypto holdings in Bitcoin, I have a small LTC position just in case the fledging altcoin makes a comeback. However, many crypto investors believe Litecoin is dead and will never make a comeback.

Advertisement

Is Litecoin Dead?

Litecoin peaked at nearly $400 during 2 separate bull runs in 2017 and 2021. It’s possible that LTC could make a comeback if the crypto bear market recovers and returns to previous 2021 crypto highs.

Advertisement

I don’t believe Litecoin is “dead” but realize it’s ridiculous to prioritize Litecoin over Bitcoin or Ethereum. The truth is that Litecoin is nothing more than a fork of Bitcoin that has 4x the total max supply.

Advertisement

When Litecoin founder Charlie Lee created Litecoin, he wanted a faster version of Bitcoin that processed transactions at a greater speed. The problem is that Bitcoin’s lightning network can perform transactions within seconds for an extremely low fee. That makes Litecoin less useful moving forward in my opinion.

Advertisement

Conclusion

I don’t think Litecoin is dead but the oldest altcoin may have already seen its best days. It would e epic to see LTC return to its previous $400 during the next crypto bull run. I’m still HODLing a small LTC position just in case.

Similar Posts

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments