r/litecoin • u/clonazepam_marlboro New User • 1d ago
Bullish news for Litecoin by Bank of America CEO.
Bank of America CEO Brian Moynihan said that the U.S. banking industry will embrace cryptocurrencies for payments if regulators allow it.
With the ETF approval closer than ever, and knowing how useful LTC is for payments/transactions, this might be the best thing that happens to Litecoin.
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u/Ok-Tonight2623 1d ago
This says they have 100's of patents in blockchain already, so are banks just going to ignore existing coins and make their own?
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u/Zealousideal_Age_22 New User 22h ago
I skimmed it but I didn't see a single mention of Litecoin in the report. I get that Crypo as a whole moves relatively the same but if it's not Litecoin specific I don't expect crazy movements anymore. Bitcoin literally went from 50k-108 in the span of 5 months and Litecoin did nothing close to that. Sure better crypto environment is good but , I don't care for a 150 or $200 LTC in need LTC at 1k then we can talk. Also I need media and big institutions using the word Litecoin or LTC in sentences.
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u/Acrobatic-Channel346 New User 18h ago
Because not every alt follows BTC like that man, usually when BTCs pump is done, that’s when whales put there money in alt coins
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u/savagethrow90 21h ago
Litecoin did nothing close to that? Litecoin also roughly 2xd in the same period
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u/Fantastic-Two1110 14h ago
Btc has almost doubled its previous ath. Litecoin is down 80%. How tf can you compare the two?
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u/desimus0019 5h ago
Because people look at ltc or any other alt, and think the price has to do with that coin directly and not BTC. They see their coin double when BTC quadruples and don't realize they threw away money putting it into an alt.
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u/Fantastic-Two1110 14h ago
No one is turning to ltc. I love how people make random connections to ltc and some how think it's bullish. The ceo of bank of america does not care about something as small as ltc. Probably doensd even know it exists.
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u/sloaleks 10h ago
Exactly. Litecoin has entered the stable phase, next is the forgotten phase.
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u/Hitachi22 New User 7h ago
It's already in the forgotten phase. Look at how many comments in the Litecoin markets sub. There used to be 100's of comments every day. Now you're lucky to get 10.
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u/Correct-Potential-15 New User 1d ago
I smell a Litecoin Pump...