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One of many largest disadvantages of Litecoin is its lack of demand, when in comparison with different altcoins out there. On the similar time, one in all its largest benefits additionally occurs to be the dearth of demand. That, in a bizarre manner, is value a milestone in itself.
None in any respect
Litecoin hasn’t reported any downtime. Ever. Operating for ten years with 100% uptime, Litecoin is now one of many longest-running cryptocurrency networks on this planet.
Understandably, the silver to Bitcoin’s gold blew up on social media channels on the again of its achievement. Actually, its mentions elevated by 4,620% inside a matter of hours right this moment.
Litecoin social mentions | Supply: LunarCrush
That is the rationale its lack of demand is a bonus because the price of growth on the blockchain is acceptable to its utilization.
When both of the 2 components exceeds or falls again, the community faces some kind of outage or downtime.
Nevertheless, it isn’t in order that LTC has no demand in any respect. As one of many world’s hottest cryptos for funds, the altcoin is extensively accepted. Only recently, as an illustration, it added Swiss luxurious watchmaker Breitling to its listing.
Price declaring, nevertheless, that these developments have meant zilch for LTC’s value. The altcoin continues to be caught in a downtrend, shedding greater than 15% of its worth this week. Buying and selling at $49 at press time, the crypto slipped again into the bearish zone, having barely escaped it after being caught in it for nearly three months.
Litecoin value motion | Supply: TradingView – AMBCrypto
In the meanwhile, aside from utility, LTC isn’t of a lot use for traders because it isn’t bringing a lot revenue to its holders. The return on funding over the past 12 months has declined considerably, with the identical within the negatives proper now.
Litecoin ROI | Supply: Coinmetrics – AMBCrypto
Moreover, just a few hundred thousand traders out of the tens of millions that personal LTC are nonetheless in revenue. These traders purchased their provide at a value decrease than the alt’s present buying and selling value. These traders make up simply 13% of all LTC holders.
Litecoin traders in loss | Supply: Intotheblock – AMBCrypto
Provided that Litecoin’s market worth can be at its lowest in perpetually, it wouldn’t be stunning if new traders chorus from placing their cash into the asset. Even so, LTC’s present group will proceed supporting it regardless.
Litecoin market worth | Supply: Santiment – AMBCrypto
