If you want to invest in litecoin for a long time and want to know if litecoin has long-term investment value, how about litecoin stocks? Well, first of all, you have to understand what is the history of cryptocurrency and litecoin.
Litecoin is a Bitcoin like P2P currency that is expected to produce 84 million LTCs, which is more than four times the total currency of Bitcoin. Dealing with transactions through the Scrypt Workload Proof Scheme, the development of FPGAs (Programmable Logic Gate Arrays) and ASICs (Application Specific Integrated Circuits) for the Scrypt algorithm is more expensive than the use of sha256 for Bitcoin.
Charlie Lee, founder of Litecoin (LTC), recently mentioned on Twitter that he believes Ethereum's market value will never exceed Bitcoin. At the same time, however, he clearly stated his position that Litecoin will definitely beat its main competitor, Bitcoin Cash (BCH).
As of press time, the market value of BCH is approximately 21 billion U.S. dollars, while the market value of Litecoin is around 12 billion U.S. dollars. This is indeed a very competitive gap in the financial market, where everything is subversive at any time.
The most intriguing aspect of the competition between Litecoin and BCH is that they are almost the same use cases in the cryptocurrency market—because both belong to the underlying protocol layer of the payment protocol.
Both systems have advantages. For example, INN seems to rely on the development of Bitcoin, which can be seen as an advantage. The value of INN is not affected by Bitcoin, which is also very beneficial. It is therefore difficult to decide the final winner now.
However, litecoin is still suitable as a long-term investment cryptocurrency, as long as bitcoin there is a market, then there will be room for development of litecoin, and even one day the market value of litecoin may exceed the market value of bitcoin. So, I personally think that litecoin still has great potential and is a good choice for long-term investment. Investment must be accompanied by risks and investment needs to be careful.