Litecoin, the former king of the altcoins, is now facing a severe challenge. Amid the huge fluctuations in the market, it seems to be trapped in the downward trend caused by the halving, unable to extricate itself. Historically, Litecoin will experience a dormant period of 3 to 6 months after the halving and then break through the previous high. I firmly believe that Litecoin’s aura as the king of altcoins is not in vain. The powerful potential it carries is waiting to be fully stimulated in the next two months.
Litecoin's payment share is expanding and surpassing Bitcoin's market share, and its pure use for payment is becoming increasingly prominent. At the same time, its substitutability for Bitcoin payments is also gradually increasing. These factors together will help Litecoin quickly get rid of its current predicament. For Litecoin, breaking through $150 in 2024 is not only a reflection of its value, but also an inevitable requirement of its historical mission.
Litecoin is not only a representative of the old strong currency, but also a strong competitor for ETF alternative currency. The successful listing of Bitcoin ETF has paved the way for the future of Litecoin ETF. The two-year bull market may be just a flash in the pan, but during this period, we are expected to witness Litecoin break through its previous high.
LTC has never stopped moving forward and has always maintained its determination to develop itself. This is why Litecoin is worth our long-term investment. Like Bitcoin, although it has not yet received support from the SEC, or even recognition from the SEC, this does not prevent it from becoming a digital currency with a good development trend. $LTC #BTCLayer2 #LTC20
