The number of transactions on the Litecoin blockchain is rising and these are not micro-transactions, this is people moving real world value. They choose to use LTC because it is reliable and it works.
One enthusiast stated, I only send Litecoin. Traded all my Bitcoin for Litecoin. Litecoin is better money. Yet others expressed that Litecoin should be much, much more valued than Bitcoin Cash and Bitcoin SV.
There continue to be critics who forgot Charlie Lee’s clarification and continue to yap stating: Don’t forget that Litecoin’s founder Charlie Lee, dumped his shares right before the fall in 2018. Litecoin is not an open decentralized currency. It has a controlling CEO with a greedy bias. It will never be Bitcoin. Why own an almost bitcoin? Own the King.
There are others who stated, I hold a little LTC myself but Litecoin is kind of a gateway cryptocurrency. It isn’t the best by any means, but it’s easily accessible and most people who have heard of Bitcoin have also heard of Litecoin.
There is no denying that it is a perfect technology compatible with commercial integration with its lightning-fast infrastructure.
Someone who was moving LTC to BlockFi to earn interest stated, until we start seeing some serious valuation – An old saying in Finance: “Never touch the principal.” Another version is “Never eat the parents, only eat their offspring.”
Holders have to reinstate that Litecoin is Silver Sterling and that they are going to continue holding it.
David Schwartz early this month tweeted “Open interest on Litecoin futures hit a record $584 million, a signal that institutional investors like Bitwise and Grayscale Investments are interested in the Altcoin.”
However, the author of the publication pointed to how one should keep in mind that such an event is not necessarily positive since futures contracts require both a buyer (long) and a seller (short).
Reportedly, Grayscale Litecoin Trust (LTCN) has added another $210 million worth in assets under the management which was issued initially to institutional investors. Thus making it clear that these growing figures provide clear evidence of Litecoin’s potential.
Also, it has been stated that when the Litecoin’s privacy features are eventually implemented, this could finally give the Altcoin the much needed push to improve in the price level.
The Snippet information: Electrum-LTC is a simple, but powerful Litecoin wallet. A unique secret phrase (or “seed”) leaves intruders stranded and your peace of mind intact. Keep it on paper, or in your head and never worry about losing your litecoins to theft or hardware failure.