Do you remember 2015? At that time, the exchange was very quiet, with only Bitcoin and Litecoin. In the midst of a booming economic scene, this invisible and intangible encryption currency was seen by most people as a trivial digital game, and no one took it seriously. Bitcoin was worthless back then, and Litecoin was even less so.
Ten years have passed in the blink of an eye, and the world has changed dramatically. Bitcoin has already raced ahead, with prices soaring to astonishing levels, becoming a legend. Litecoin, the initial "follower," although its increase is not as explosive as Bitcoin's, when looking back at the price in 2015, its growth is also solid and significant. It has not disappeared in the sands of time; instead, it has followed the pace of the times and has steadily arrived at today.
Nowadays, the price of Litecoin has caught my attention once again. Watching it hover around 118 USDT, various indicators on the technical chart are intertwined, with some saying it shows signs of fatigue and the MACD signal appears bearish. However, at the same time, a larger expectation is brewing in the market—the Litecoin spot ETF is likely to be approved next year. This is like a potential catalyst that, once realized, could open the floodgates for institutional capital inflow, which has not been imagined in the past decade.
Of course, the road ahead is not smooth. Potential government shutdowns in the United States, or other uncertainties in regulation, could delay the approval of ETFs and affect market sentiment in the short term. But isn't this the norm in investing? Finding certainty amidst uncertainty.
For me, Litecoin feels more like an "old friend." It doesn't have as many flashy stories or disruptive narratives; it is grounded in payments and is a steadfast defender of the POW (Proof of Work) mechanism, having endured several bull and bear cycles. Its rise may not be as "violent" as some emerging tokens, but this "slow cooking" instead provides a rare sense of stability and predictability.
In the field of cryptocurrency, known for its high volatility, seeking "stable returns" may seem somewhat contradictory. However, the historical trajectory of Litecoin tells us that it possesses this slow yet continuous upward potential. Especially after undergoing a deep adjustment, its path to value recovery seems clearer.
So, I think now might be the time to consider buying Litecoin. It's not about expecting to get rich overnight, but rather about patiently waiting for this "old friend" to continue its "slow rise" journey over the next decade. Beyond the halo of Bitcoin, Litecoin has its own warm and lasting glow.
$LTC