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Author Topic: Litecoin could reach $1,000 in a couple of years from now  (Read 2427 times)
Abiky (OP)
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January 31, 2020, 07:51:22 PM
 #221

Litecoin will not lose its investors and again, this coin is very likely to get a greater adoption because this coin has many advantages that allow greater adoption for it, with low fees and fast transactions it is also a major factor why this coin will always be in demand by most people who want to make transactions using crypto. So it's very possible Litecoin will continue to grow and have a higher price.

Agree. Litecoin is one of the oldest and most trusted altcoins in existence today. I don't think that it will die anytime soon because of this. After all, Litecoin is seen as "Silver" to Bitcoin's "Gold". New features are thoroughly tested on Litecoin before they're implemented into Bitcoin itself. Litecoin was among the first cryptocurrencies to adopt SegWit. Then, Bitcoin followed and adopted SegWit which paved the way for the Lightning Network. The limited supply of Litecoin, should make us feel confident that it will not lose its value anytime soon.

Of course, the cryptocurrency is still below the $100 range, but anything could happen in a couple of years from now. It's no secret that Litecoin rises in price according to Bitcoin's price movement on the market. If Bitcoin goes up, so will Litecoin and other altcoins that are close to Bitcoin in terms of market cap (like Ethereum and Bitcoin Cash). I believe that LTC is still a bargain these days given its very limited supply next to Bitcoin. If Ethereum is worth almost $200 per coin with an unlimited supply, then Litecoin should've been worth more by now. I guess that people are more often interested in bigger cryptocurrencies that are always active in development and innovation than Litecoin itself. But in the end, Litecoin should be able to reach $1,000 per coin if Bitcoin goes all the way to $100k.

Nonetheless, crypto enthusiasts should not give up on Litecoin yet. There's still hope for the cryptocurrency to grow towards "infinity and beyond". It's up to you and me to make Litecoin a widely adopted cryptocurrency in the mainstream world. Without proper support from its community and development team, Litecoin would've been dead already. The goal of $1,000 per coin seems to be far away from becoming a reality anytime soon. But with patience, you'll be able to profit massively once LTC touches $1k if you've bought it while it was still cheap (less than $100 per coin). Just my opinion Smiley

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