Welcome to my new series of “Grab or Pass?” Where I will be evaluating coins based on whether they are possibly a profitable investment decision. So the reviews will always be oriented sketched slightly from the perspective of a trader, rather than an elitist crypto elitist (whatever that means). The goal is not to go technical but make it easier for new potential investors make their decision.

What is Litecoin? What does the future hold for it?

Litecoin is the OG of altcoins. Litecoin is the oldest coin still serving a real world use since Bitcoin. Due to being the “second oldest” it has also been “second most popular” and “second best” trailing Bitcoin at everything it does. Until, at one point Bitcoin transfer speed and transaction fees got out of hand and Litecoin actually proved to be the superior technology and has been getting some well-deserved spotlight thanks to that.

Where to get Litecoin? How to trade Litecoin?

Litecoin has over 306 trading pairs across over 50 exchanges. All the recommended exchanges have Litecoin in stock. In a matter of fact, can’t remember last time I did not see an exchange not have Litecoin listed. Liquidity is not a problem as LTC is one of the most popular traded cryptocurrencies as of today. Please refer to Coinmarketcap.com for full list.

Litecoin real-world use case

According to Litecoin’s home page:

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.

Which is pretty accurate. It’s essentially a store of value and is accepted as a payment currency in about 10% of the e-commerce stores that accept Bitcoin, which in itself is probably accepted in less than 1% of all e-commerce stores. So the real world use case is very debatable. It can essentially store coins and be traded. And as an alternative payment currency to Bitcoin, which has yet to receive mass adaption.

Litecoin development team

Litecoin is an open source project with an anonymous team across several boards and groups. It’s founded by Charlie Lee. Can’t comment on the anonymous open source contributors but Charlie Lee is a very smart and capable crypto thought leader. Unfortunately, he has made it extremely clear and obvious that he does not care for the price of Litecoin. He is in it for technology.

Which is something I can respect on a personal level, a lot. Vitalik Buterin is also one of these persons. But you need to realize that we’re currently dealing with a speculative market and if we compare it to some more successfully marketed cryptocurrencies, such TRON, you can see that their management does EVERYTHING to generate hype, rumours, get the word around. I am not saying either is better or worse but you have to understand what drives the speculative market. Is it great tech? We wish it would be but let’s face it… Even Charlie himself sold all his LTC.

Security

No known problems with security afaik.

Litecoin marketing efforts

Quite literally none.

Litecoin community

Very large and a very loyal community that rocks more than 178,835 subscribers on Reddit and a massive presence on various chat groups and forums as well.

Litecoin market capitalization and supply

Unfortunately, the market cap and supply are not in favour of Litecoin. For Litecoin to reach back $300 it would need to generate a 15 billion market cap but it’s falling off just 5 billion. Whydo I think that is a problem? It’s a very clear trend that money is switching from Bitcoin to Altcoins and as a “second best Bitcoin” Litecoin will definitely not benefit from this move. Litecoin has no possibility ever surpassing Bitcoin in popularity and it will also be harmed by the fact if Bitcoin loses popularity, it’s a lose-lose situation.

Litecoin roadmap

None, afaik.

Whitepaper

None, afaik. Has Litecoin Wiki with history and more in depth details but it’s currently offline

Final verdict about Litecoin: Should You Invest in Litecoin?

Pros and Cons

Pros:

  • Great community
  • Great developers
  • Secure
  • Cheap fees
  • Fast transaction times
  • Well known

Cons:

  • No marketing
  • No hype (no roadmap does not help this, either)
  • Poor situation in market in regards of market cap and BTC dominance
  • Threatened to become absolutely obsolete as soon Bitcoin releases Lighting with cheaper fees and faster transaction times.

Price prediction and forecast for the end of 2018: 320$. It will grow but it will grow x4 slower than rest of the market. Historical charts can back it up.