Litecoin (LTC) breaks out

During the old season, coins like Litecoin (LTC) shine. Why the “crypto silver” is still an extremely bad investment for Hodler.It’s the old season. In the slipstream of Bitcoin, the workhorse, Altcoins, in particular, are doing their best. Litecoin, in particular, has proven to be a worthwhile investment: Within the last 7 days, the Bitcoin fork made 16 percent growth and stood at 225 US dollars by the editorial deadline.The price increase could well continue in the medium term. If you look at the growth of new addresses in the Litecoin cosmos, you can see that the curve has recently been pointing upwards. So LTC seems to be trending.The old season refers to market phases in which Altcoins perform better on average than the industry leader Bitcoin. Traders then jump on the already galloping horses in the hope of a quick profit — and ignore BTC. The resulting volume could be a reason for Bitcoin’s run for some time. Most of the time, old seasons are short-lived.After all, only Bitcoin is suitable as a really reliable store of value in cryptoversum, and so Litecoin was also an extremely bad investment in the long term. Even after the brilliant bull weeks, LTC is still a beaten 60 percent behind its all-time high of 360 US dollars in December 2017. A look at the overall chart is disillusioning.If you measure LTC in BTC, it looks even grimmer. Litecoin was able to outperform its big brother Bitcoin by 12 percent in the last 14 days. If you apply for a longer period of time, LTC is heavily in the red compared to BTC. Within the last 12 months alone, LTC posted an underperformance of almost 40 percent compared to Bitcoin.Litecoin is probably a prime example of why Bitcoin has long since won the…