LTC ETFs Anyone?
Does anyone here still hold LTC? I used to LOVE Litecoin way back in the Steemit days. It was how I got money into the system via BlockTrades. Ah, good times. I think LTC just died off because many coins took it's place. It still has a hardcore fanbase, as evidenced by the pushback I got for this video on YT, but I don't honestly see why anyone would HODL this token long term. It even missed out on an tall-time-high last bull market since it's ATH is from 7 years ago!
At this point in time, following the sudden pump due to Grayscale's LTC Fund ETF conversion application, it's still -35% from ATH. And that's the ATH from 7 years ago! Some may say that is a good sigh since the upside is amazing ( a bit like Hive). However, I just don't see the utility in 2025. In 2017-18, yes of course it was massively useful for moving funds. Now though, with all the Ethereum L2s and other projects that do the same thing much better, what's the point really?
In this video I talked about the above and what I think is going on with LTC
Peace & Love,
Adé