You see I'm from an era where there was pretty much three to five cryptos. There was bitcoin the gold standard, doge coin a meme coin never suppose to be worth anything, Ethereum came a bit later and Litecoin the silver standard to bitcoin at the time.

This was mainly because if you really wanted to trade and swap then litecoin was the place as the transactions were a little faster and the fees were lower compared to the likes of bitcoin.

Since then Litecoin did hold the silver standard spot for a little while until Ethereum took off in 2017 and the litecoin founder sold his bags at the ATH for litecoin.

Since then the litecoin market has never been the same but in the last few months it's been regaining popularity once again.

The price action on Litecoin has actully been rather healthy and the speculation coming out is that Litecoin will get it's own ETF. Now I gotta be honest I think it's going to be one of those speculation to sell the news events when and if it happens. But of course I could be wrong. Long term though I believe tokens that do have ETFs will perform better and become the main stream blockchains as swaps into other RWAs happens.

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Litecoin hasn't had many updates over the years but the one that it did and stands out is the privacy for payments section that runs with the main blockchain. With a 2.5 minute block compared to a 10 minute block of Bitcoin you can see what litecoin was heavily used back in the day.

However with more advancements from other blockchains litecoin has mainly fallen off the radar but to many old school crypto people like myself it's still though of as the silver to bitcoins gold even though it's kind of lost it's luster over the years.

What LTC Has Going For It

The main thing LTC still has going for it is it's often paired with bitcoin still like it has been from the start of time. This piggy backing has set litecoin in a rather good spot over the years and continues to be a rather large value for bitcoin and in many cases still looked at as a great pairing option for bitcoin itself.

Litecoin also has the age battle tested factor with it as well. Being a old blockchain that has stood the test of time and is battle hardened unlike newer options like Solana etc which continue to have issues and blackouts. IDK about you but if a blockchain was solid and decentralized there shouldn't be any type of blackout, rollback etc and that's what makes a lot of people fearful of these other options that are more centralized.

Litecoin Roadmap

Now while the founder did sell off all of his litecoin at the ATH of 2017 and many people hated him for it. It most likely was a good long term play as having one person holding a large stock is a security and money risk as one person could crash the price.

The Litecoin roadmap also gives us an idea in terms of speed of scaling.

The first is that a litecoin ETF approval is most likely going to happen at some point this year.

It's also been rumored that X money or Elon's payment system is going to be crypto ready by end of this year and could in fact house Litecoin as one of the primary options.

WLTC is a wrapped version of litecoin that has been launched on the Ethereum network.

Outside of that there's work being done to integrated LTC easier into wallets but funding for the project is actully rather small. However that could drastically change if one of these core projects really take off for the asset.

So what are you thoughts on LTC? Is it something you'll be adding to your bags?

Posted Using INLEO