I'm going to start off by saying this is all just my personal opinion. I'm still fairly new to crypto (been a creeper for years), but I'm trying to grasp why Litecoin hasn't really ever caught on in terms of both price, but more importantly, adoption.
I love Litecoin. It's fast, fees are insanely cheap and has some great tech compared to it's bigger brother Bitcoin. Yet for some reason it's seen in the public eye as the 'Silver' to Bitcoin's 'Gold'. For me it's the coin that I prefer because especially for smaller transactions I'm not penalized every time I want to send <$20 to an exchange with $2 mining fees. Unfortunately there aren't a lot of places you can trade Litecoin to other altcoins so it makes it a bit difficult to use.
Now from my understanding they're kind of the guinea pigs for future Bitcoin tech, but they seem to be developing at a much faster rate and the dev team seems solid. So what am I missing? Surely it shouldn't be 100x cheaper than Bitcoin. Yesterday I figured it was really undervalued, even through this crash and ended up picking some up. 24 hours later I'm up 30%, but based on Litecoin's volatility it probably won't last long.
I'd love to hear your guy's thoughts on the Litecoin. Do you like it? Am I wrong in thinking it's a good coin or undervalued? Let me know in the comments below.
Image Source (www.financemagnates.com)
