Investing in Litecoin in 2020?

[LEOGOK100 69]

Litecoin for me is agood investment because it is a decentralized cryptocurrency, like Bitcoin but faster when confirming transactions. In the crypto community, it used to be referred to as "digital silver" until Ethereum assumed that title. Litecoin was created by Google employee Charles Lee and launched on October 13, 2011 as an alternative to Bitcoin for everyday use. One of the main differences between Litecoin and Bitcoin is the higher speed of block formation and therefore of transactions (2.5 minutes and 10 minutes respectively). Also, Litecoin's transaction fees are lower. Litecoin is ranked eighth by market capitalization.When investing in Litecoin, one must be aware of an essential fact: Unlike investments in stocks or bonds, the only income that a cryptocurrency investor receives is income from the increase in price of the cryptocurrency. As such, there is no compound interest effect to investing in cryptocurrencies. But given the volatility of cryptocurrency prices, the price change alone can be significant.
 

[Onden 2098]

In 2020 I will sell Litecoin, I think LTC has a chance to become a better coin than ETH because Litecoin's cheap transaction fees and also its good transaction speed make Litecoin an alternative coin after bitcoin. From sharing the advantages of Litecoin, it can be concluded that Litecoin has a bright future making it suitable for long-term investment.

[Rosarvx 965]

when this coin prices dumps then it's really cheap to buy, if you could wait for longer term it's one of the great coin in my opinion

[Altcoinfan 448]

On 10/3/2020 at 5:36 AM, velasco19 said:

I like Litecoin as a currency, it was one of the first to earn in faucet when it entered the world of cryptocurrencies, but beyond the speed of transactions and low commissions, crypto has no other strong point and that is why its growth is not so notable relative to BTC and ETH pairs

What strong points do you see in BTC?

[LocusW 38]

A really nice option, LTC give more profits some time that BTC.

[Froshk 1828]

On 7/29/2020 at 12:26 AM, Altcoinfan said:

It's been long time since I earned my first litoshi and since I missed the moment in the past to buy a whole Bitcoin I managed to do it with Litecoin. I had stopped earning Litecoin for some time, I was holding but never buying or selling until two months ago. I saw that one of my fav altcoins' price is suppressed and I like buying assets while they're cheap so I bought some again and started buying since then. I don't know why but I feel like this year Litecoin's gonna go big. It's just 6th sense I think. Its price's woken up a bit lately and this made me think my senses didn't lie to me...

Why I invest in Litecoin? Here are my reasons:

- Litecoin stands the test of time - appeared in 2011 and it is still alive and kicking and working ok

- Litecoin's code is close to Bitcoin's one but it's optimized for faster transactions - so if you like Bitcoin you should like Litecoin as well

- Litecoin transactions are fast

- Litecoin transaction fees are really low

- After so many years of existence despite all new crypto that appeared meanwhile Litecoin still keeps its market capitalization high - it's still in top 10. Currently at 8 position

- Litecoin's creator is Charlie Lee - a computer scientist who worked in Google but once he started his work on Litecoin he's now fully devoted to it

- In crypto space Bitcoin is regarded as crypto-gold but Litecoin is the crypto-silver so if that is true - in the end only gold and silver will shine

- It's dirt cheap now having in mind all qualities it has

 

What do you think of Litecoin in 2020? Do you buy, sell or hodl now

The rates are rapidly increasing and the return per investment is also gaining more ground, so I think the best approach to take now is to just hold unto it for now an actually sell when the rates reaches an all time high. 

[tienda 8776]

On 11/4/2020 at 10:40 AM, Suparna said:

You are right, it is very important to invest in these coins because investing in them will give you a good amount of real income that I think is important for all coin users.

@SuparnaI agree about investing in Litecoin is very important because is one of the old and top cryptocurrency. The good things of this coin is his cheaper withdraw or transaction fees. But unfortunately his value still it is where it is years ago. I don't understand why Litecoin value is not like Ethereum value, when we see Litecoin is oldest coin.

[Sotorupa 972]

Investing in litecoin is good at the time because the transaction fees are low and it is very popular and worthy coin right now. Some of the country accept litecoin that's why people keep more attention t it       

[jermaine05 179]

litecoin is for me a very good currency, its transactions are very economic I have it in the long term waiting it gives me good profitability 

[scofield64 943]

I believe in the information you created about litecoin. Litecoin has a bright future and I will also wish to buy and hold litecoin for some time so as to gain profit. 

Edited November 9, 2020 by scofield64

[cooperallch 349]

In this year of 2020 Litecoin did not perform at all .. I was very upset about it because I like this coin very much, I believe it has become forgotten this year because of the DeFi coins that are on the rise

[leakydonney 1402]

On 11/6/2020 at 9:44 AM, Froshk said:

The rates are rapidly increasing and the return per investment is also gaining more ground, so I think the best approach to take now is to just hold unto it for now an actually sell when the rates reaches an all time high. 

That's right friend, am also investing in Litecoin (LTC) right now because as it keeps improving from time to time again that it is a good investment, and given the technical signals and fundamental strength, and the fact that the asset is coming out of an extended bear market and building a strong base since Litecoin is poised for another uptrend, making it an excellent investment.

[Zeshan Khalid 2577]

Litecoin is the third largest crypto currency after BTC and ETH. Its price can decrease sometimes because of its volatility but its always been a good investment as it is safe and will always be on top 5 in exchange list.

[AlfFusco 664]

Why not, LTC is a very good currency to invest in, given its position in the ranking of all cryptocurrencies, it is in high demand and now is the right time to invest in it

[Red-Jones 1150]

I use LTC a lot to make transactions because bitcoin is very slow and has high tax rates, but I don’t do Hodl with LTC because it’s too risky, in this bullfighting race that bitcoin is certainly having LTC will also increase so it may be a good option do Hodl with LTC

[zhoutong 2188]

Litecoin can be an excellent investment. It has done some good volumes lately and maybe you will get a good chance next year with it. The competition is higher lately and there haven't been many news from Litecoin developments but maybe there is no need and it will find adoption.

[P A Ashif 2409]

It's not the time now to invest in litecoin. Now the price is above average. So don't risk with your capital. A two month ago there was a chance to invest. I have a good holding of litecoin now . A 3-4 dollar increment and I will sell my holdings.  Now almost I am in a surge of 30% profit. So litecoin is good project to invest. 

[nykas 2812]

For me Litecoin always was a good cryptocurrency for money transferring and I never observed it like coin for investment. I think price of LTC depends on the market and it's better to invest in Bitcoin, than LTC, because it has bigger community

[gbfisher 1815]

Yeah litcoin have a great potential and considered in top ten coins of crypto world. Ltc gives us many facilities like its transaction fee are low thats why mostly person used it for btc transfer. Ltc is volatile coins and its best for day and also beneficial for long term investment. 

[Bhaasaadd 62]

Litecoin is really a good investment, I can say that but I haven't invested in it yet. Litecoin as people had say that you can invest in it for some months after that the price might had rise in which you can sell it off to buy other coins or to reinvestment of it.

[Razan alikac 1899]

Bitcoin is the most famous being the first currency, but Litecoin is considered one of the amazing currencies that gives its investors a special income.
 And there, the great demand in investing in Bitcoin, in addition to the speed of transactions in it
 Its great speed:
  Litecoin is faster than others, especially Bitcoin, where the time difference of its mass is (2.5) minutes, while Bitcoin needs ten minutes.

[Ramz99737 1196]

Yes, I think litecoin is an perfect currency for investment, it is a really good and strong currency, and you will earn a lot of profits through it.

[Abuhassan 89]

On 7/29/2020 at 12:26 AM, Altcoinfan said:

It's been long time since I earned my first litoshi and since I missed the moment in the past to buy a whole Bitcoin I managed to do it with Litecoin. I had stopped earning Litecoin for some time, I was holding but never buying or selling until two months ago. I saw that one of my fav altcoins' price is suppressed and I like buying assets while they're cheap so I bought some again and started buying since then. I don't know why but I feel like this year Litecoin's gonna go big. It's just 6th sense I think. Its price's woken up a bit lately and this made me think my senses didn't lie to me...

Why I invest in Litecoin? Here are my reasons:

- Litecoin stands the test of time - appeared in 2011 and it is still alive and kicking and working ok

- Litecoin's code is close to Bitcoin's one but it's optimized for faster transactions - so if you like Bitcoin you should like Litecoin as well

- Litecoin transactions are fast

- Litecoin transaction fees are really low

- After so many years of existence despite all new crypto that appeared meanwhile Litecoin still keeps its market capitalization high - it's still in top 10. Currently at 8 position

- Litecoin's creator is Charlie Lee - a computer scientist who worked in Google but once he started his work on Litecoin he's now fully devoted to it

- In crypto space Bitcoin is regarded as crypto-gold but Litecoin is the crypto-silver so if that is true - in the end only gold and silver will shine

- It's dirt cheap now having in mind all qualities it has

 

What do you think of Litecoin in 2020? Do you buy, sell or hodl now?

Litecoin is a coin that has been existed for more than six years from now and showcase significant increase in price , no doubt litcoin is a crypto that worth to be invested as of now litecoin is more than $70 against last month when the price was below $50 if I have enough money will love to invest in litecoin.

[Amiami 1362]

Well, you were right about the fact that the price would increase this year, it has already gained 18% in recent days, although it particularly only used litecoin as a transfer option, that is, I use it on platforms that do not allow withdrawals in XRP, the  reason I don't use it or constantly buy it is because I consider your network to be very slow, half an hour to process something is too much.

[mzk7736 1592]

litecoin is a very good coin to buy because it have a very strong blockchain technology with very good control over transaction fees and it's a well-developed developed coin with no chances of being dead any near.