What's going on with Litecoin?

What's going on with Litecoin?


Last week a fake article was created telling the public that Walmart just started accepting Litecoin. Since this is a very big collaboration, the price peaked at about +25% to $215, then dropped way back down to around $175 after verifying that the news was fake. Since then, it has seen another high of $192, and currently stands at $181. AMC has recently accepted Litecoin, Bitcoin, and Ethereum, but not Dogecoin, just following the Walmart hoax. I am not too sure why AMC is not taking dogecoin, but I'm sure they will soon. However, the news of Walmart being sent out by GlobeNewswire sent the market to a quick pump and dump, leaving speculation by analysts whether this can be a good sign for the future of cryptocurrencies. 

Could Litecoin be the next Ethereum? It is a pretty farfetched question right now, but the price will be far more than BItcoin SV. I think of Litecoin as more than an altcoin. Since Dogecoin runs on a blockchain similar to Litecoin's, I think if Dogecoin is to succeed then Litecoin will do the same if not better. Due to Ethereum and Dogecoin having such large communities, I think it would be hard for Litecoin to catch up to the $300 price Ethereum was at in the last year. Since Litecoin has not plummeted entirely since it saw over 200, I think it should reach the 200 mark again very soon. AMC is a very good stock and company that could bring a good amount of money both ways. Right now however, I would place Solana higher than Litecoin because I think Solana will surpass it very soon. Now is a great price to buy in Litecoin in comparison to the rest of the market, Litecoin being on Robinhood gives it an advantage to most altcoins, but Litecoin is close to having another bullish period. 

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Matt Savage
Matt Savage

I am currently a college student that got into Dogecoin while ago and became a crypto addict.


The Altcoins that took over Robinhood
The Altcoins that took over Robinhood

There’s no debate that when it comes to buying cryptocurrencies, people are relying on Robinhood these days. Due to their low costing fees on trades, robinhood may be more sought after to purchase your main cryptocurrencies as follows; Bitcoin, Ethereum, Bitcoin SV, Bitcoin Cash, Litecoin, and the main topic of discussion, Dogecoin and Ethereum Classic. Dogecoin is best known for it’s memes because that is how it started out, but now this meme may be one of the best investments on Robinhood.

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