Litecoin (LTC): The "Veteran" Coin of the Crypto Market, What Is Left Besides Memories?

In the crypto world, if Bitcoin is referred to as "digital gold," then Litecoin was once dubbed "digital silver." Launched in 2011, LTC is considered one of the first upgrades of Bitcoin, with advantages of faster transaction speeds and lower fees. However, after more than a decade, the position of LTC has changed significantly.

  1. Technical nature: Just "Bitcoin on steroids" Litecoin does not bring significant technological breakthroughs. It only refines some parameters of Bitcoin: Faster block creation time. Lower transaction fees. The maximum supply is 84 million coins (, 4 times that of BTC ). Therefore, in terms of technology, LTC has never been regarded as a new "revolution." It is merely a faster, cheaper version of Bitcoin.
  2. Big issue: Lack of a new story If in 2017, LTC was still one of the top coins, since then, DeFi, Layer 2, NFT, RWA… have emerged one after another and become the focus, while Litecoin has remained "stagnant". There is no DeFi ecosystem. No L2, no stablecoin, no standout applications. Just clinging to the traditional payment narrative – something that today has been done much better by a multitude of blockchains and stablecoins. To put it bluntly, Litecoin has fallen behind the innovative flow of the crypto world.
  3. Unique advantage: Old brand + loyal community Despite lacking innovation, LTC still has undeniable values: Old coin: has existed through many cycles, considered a reliable "veteran". Community trust: a portion of early investors still remains loyal to LTC. High liquidity: almost all major exchanges list LTC, the possibility of being "delist" is almost zero. Thanks to that, during each bull run season, LTC often has an "emotional explosion" rhythm according to the market. However, that is just a late reward (late pump), which is supplementary rather than trend-leading.
  4. Special case: If LTC has an ETF? Currently, the ETF story is the focal point of the market. Bitcoin ETF has exploded, and Ethereum ETF is also opening doors. So what if one day, Litecoin ETF gets approved? Symbolic meaning: This will be an "emotional explosion" for the crypto community. An old coin, lacking a growth story, but is "legitimately stamped" by Wall Street. This sends the signal that: not only BTC and ETH, but many other digital assets could also have a legitimate path in the future. Market impact: It does not bring in the huge capital flows like BTC and ETH, as LTC lacks an ecosystem and does not have long-term profit potential. However, it is still enough to trigger the FOMO mentality of both individual and small institutional investors. With the current market cap of LTC, even a moderate capital flow could push the price to a new ATH.
  5. Conclusion: Veterans still have a stage to perform, but there is no long-term future. Litecoin is no longer a strategic investment choice today. It is like a "legacy token", surviving on: Loyal community. Long-standing brand. The belief that "if it has existed for 10+ years, it is hard to disappear." During a bull run, LTC can provide a pump due to emotional effects, and if the ETF scenario occurs, it will be the biggest boost since 2017. However, in the long term, LTC lacks growth momentum compared to the blockchains that are building new ecosystems. => In short: LTC may experience a short-term surge due to “sentiment and legalization,” but in the long run, it remains just a coin to reminisce about the past, not to lead the future.
LTC-0.32%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)