Long before I dabbled in many of the enormous choices of altcoins in crypto, my first altcoin love was always Litecoin. LTC has always been a side hold for this guy, though some has left my clutches now and then but for the most part there is always a little LTC in my portfolio due to the belief I have long held that this coin is way undervalued.
At the beginning of the year I spent a good chunk of finances on a few decent miners and the best running ones I have without denting the old electricity bill has been my old loyal Scrypt ASIC. Needless to say with the recent uptrend in this new Litcoin craze I have officially got that very Scrypt miner running on overdrive to rake back in stronger LTC holdings because something in my gut says we are just at the beginning stages of an influx of LTC highs.
They Called Me Crazy About Litecoin
A month or so back I had a wicked issue with a fiat troll on this same very platform I am writing this up on over Litecoin. Little bit of an attack but nothing I couldn't handle. The funny thing I came to find during this ordeal was that not only was this slew of fiat loving monkeys at me about a post on Litecoin and my predictions for a rise come end of summer but a bunch of crypto enthusiasts thought I was off my game about this belief I had.
Well here we are, late August and right around the time I had a gut feeling LTC would get out of the hole. My reasoning for watching this coin and backing it doesn't actually come to highly through tech. Its solid in that area of course and they are working so well with the Lightening Network project that I suspect down the road even more rises to come. What honestly got me backing LTC is a lot of interviews I have seen with Charlie Lee who founded this amazing crypto.
Charlie Lee chillaxing, the man probably needs a vacation
From what I seen publicly and through a ton of YouTube interviews about the founder of Litecoin, Charlie Lee is a hard working yet humble type of dev in a maddening crypto world. This is something that rubbed off on me well about the whole of Litecoin. When you have dev/founder who puts a lot of heart into his own project and cares more about its future vs its worth, you have a truly rare deal in Crypto. That my friends is one of the many reasons I would love to see this coin grow, the people behind it really deserve the move ahead and that I will support more as I grow my own personal portfolio.
So What's Next For The Old Silver Coin?
The question a lot of you have right now is what to do with this sudden growth in Litecoin and what should you do with your plans on this coin? In this area you should do like I suggest on all investments and research your brains out. My personal choice on this one is to keep HODL and hope for the best. Litecoin has always been a strong side holding of mine and something I tend to sit on and use for movements seeing the transaction fees are more fair than most. But what lies ahead, what are the key important roadmap plans for Litecoin?
The future for Litecoin does look promising for investors. We have on the plate now, thanks to SegWit and Lightening network, a potential for Bitcoin to Litecoin and vice versa swapping action through both blockchains. This is something Lightening Network has been working on and this could open a lot of doors for both coin's future. This could provide Litecoin as a daily usage paired coin and help solidify Bitcoin as the crypto gold standard in my opinion, which I think sets the stage for a boost between the two.
Most Importantly, What Does The Markets Right In The Now
Today I have been doing a bit of market analysis on old Litecoin. Decisions have to be made on my end when it comes to what I run my miners on or what I trade my earnings up for. This is routine I run every week, usually on Mondays and the markets are screaming a huge switch in my tactics. Today I have noticed that Asian coin exchanges have been mass dumping Bitcoin Cash and seemingly switching up to buying more into Litecoin. This is a trend I need to watch for a few more hours today, if not maybe a couple of days but the trend appears to be on the rise. What I am gathering is this, if the Asian markets and the western markets are both following the same path and trend as I am noticing, then its quite possible we have only just begun the pump of making Litecoin more favorable for longer term stability. So this is an area I suggest investors to watch, put those math calculations together and watch closely for the next few days.
No matter what the outcome is for LTC, its to me a worthy coin to keep in our portfolio and one I hope to see many years of growth happen. In this space its a dog eat dog world for crypto development teams but Litecoin has a very decent and transparent one that deserves some help to rise. So go out there, get your game face on and trade like the crypto warriors you are. To Charlie Lee and Litecoin, CONGRATS!! Very excited for you guys....you deserve this moment and there is nothing but well wishes from this long term supporter of yours. I have been a holder for a long time, so its great to see the recent achievements!