Is Litecoin worth investing in at the moment?
- Thread starter Shortie
- Start date
I believe that it is profitable to invest in Litecoin given its characteristics, its scarcity among others, in addition Litecoin will have an important event in a few months, which is the halving of its blockchain, which could make its price grow.
When do you think the litecoin event would be held and how sure are you that it's price would grow at that time. You have said in a few months to come. I can't wait to see that's happening without making investments in the litecoin.
It is more or less expected to be on August 6, 2023. I am not saying that the price will go up yes or yes, but it is one of the strongest catalysts for this to happen. also, I am sure that there are many whales and individuals who will be preparing for the event.
Bearish moments can be a good time to enter only and when you have a long term view, if you invest in the short term it should be avoided right now.
You are right, Litecoin is used more for online transactions and shopping, because litecoin transactions are fast and low fees. In August the Litecoin blockchain will have its halving, and my prediction is that the price will rise to $130 this year.
I would say you buy it during the Bitcoin dips, possibly using DCA and hold till after the halving when price will go up. Of course, you should also use a stop loss as part of risk management in case things gontge other way.
I have been using litecoin as a payment form for a long time. IN the past, I was even using litecoin as an asset and tried to hold litecoins. later, I realized that litecoin is a failed crypto despite being the first altcoin and faster and cheaper (low transaction fees) than most of the coins.
Even though Litecoin is widely used as a transaction payment tool, it is also very promising if we use it as a short-term investment of less than 12 months (not the size of the trader), especially at certain moments such as before the Litecoin halving etc.
Litecoin had beem a coin that I have always known to be like the silver of crypto coin as it has a lot of popularity among crypto users and even those who do not make use of crypto as they know more of Bitcoin and litecoin than the other crypto coins honestly. I had some certain amount of litecoin once before I sold it.
According to my prediction there will be a Litecoin price increase in July before the Litecoin halving in August, you can also visit my thread https://indexforum.com/threads/litecoin-price-prediction-on-halving-august-2023.12268/
The current price of Litecoin is close to $ 95. If my prediction comes true then at least the price of Litecoin will be $ 120 in July, and for Ltc investors who buy in January 2023 or at a price of $ 70, they will be able to take big profits.
The current price of Litecoin is close to $ 95. If my prediction comes true then at least the price of Litecoin will be $ 120 in July, and for Ltc investors who buy in January 2023 or at a price of $ 70, they will be able to take big profits.
Litecoin halving will occur in August, so you need to wait 2 months, Litecoin is a coin that promises to be able to make profits even if it doesn't explode, it is possible that Litecoin's price will reach $ 120 in July.