Traveling at the Speed of Litecoin (LTC)
Given that we now sit at the precipice of an uncertain future, how do we decide if this is the coin to get us out to that proverbial moon? With what information can we derive an answer to our questions of sustainability, feasibility, efficacy? In other words, how much money is left to be made or lost if the established community continues to hold on for dear life? The answers to the burning questions of life are seldom easy, but a look at the latest trends, market cap, development news and community sentiment are certainly worth a look. 😉
The coin looks solid as a holding opportunity for the immediately foreseeable future. The community is active and confident and the platform has been thoroughly tested. With the current nature of the crypto-market, a 10 or even 20% drop is not a cause for any true alarm. While I might not start piling in with the masses at this point, were I already aboard this rocket ship, and I truly wish I were, I would be getting strapped in to my seat, preparing for an adventure of epic proportions.
Ex-Google engineer, Charlie Lee is the creator of Litecoin and MD of the Litecoin Foundation. Previously Director of Engineering at Coinbase, Lee now focuses full-time on Litecoin. To enhance fungibility and privacy of LTC, integration of MimbleWimble has begun, however Lee has recently announced a crowdfunding launch to fund the development.
CoinMarketCap is a website that provides cryptocurrency market cap rankings, charts, and more. It was purchased by Binance for $400M in 2020.
Coinbase is a digital currency exchange headquartered in San Francisco, California.