I bought a fair chunk of Litecoin back when it was $40 odd, it seemed cheap back then, and because Litecoin seemed to be a cheaper version of Bitcoin, just more functional - quicker and cheaper to transfer across the network.
I also subscribed to theory that Litecoin would grow quicker than Bitcoin in a bull market fuelled by new individual investors getting into crypto for the first time - simply because psychologically it feels like a more substantial purchase when you can buy several Litecoin rather than 0.02, or whatever fraction of a Bitcoin.
However, fast forward to today and I can't see any real future for Litecoin - I've had several comments over the last year, whenever I happen to mention Litecoin in a post, that there is a void of development going on within Litecoin - and a quick look at Github commits certainly confirms that....
(Note that they're different scales, and LTC is on the low side there).
I actually sold most of my Litecoin several months ago and bought Rune with it, at $0.40 and some AVA, at around $0.70, and MAN was that ever the right decision, two cryptos with what you might call rampant development and a corresponding 20 times and 8 times in price since I bought, while LTC has only seen a relatively mediocre increase in price.
I still use LTC for transferring across exchanges, but even that function seems to be faltering - it took 50 minutes today for around 1.5 LTC to get from Binance to Kraken, I'm used to 20-30 minutes.
When you compare that to the speed of transfer on the Binance Chain, or Hive, or Dash, quite literally the ONLY reason I use LTC is probably because of habit, and OK the reasonably cheap transfer fees, oh, and because I can't be arsed to verify another coin to transfer between those exchanges!
Add to this the fact that LTC has slid down to CMC ranking nine, and it's probably only a matter of time until it slides further, I really can't see any future in the coin, certainly I can't see any point holding onto any, other than just maybe a couple for old time's sake.
I still think it's got one of the coolest sounding names in the crypto space - it sounds like something out of a sci-fi movie, but that's pretty much the only positive thing it's got going for it, and I certainly don't regret selling of the bulk of mine for cryptos with better development and just better potential!
Honestly, what's the point of Litecoin these days? Besides having a cool sounding name, what's it's USP?
It almost feels like a collector's coin these days - like a half shilling or something - with no legitimate function, other than making us feel nostalgic for 2017?