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Author Topic: What will be maximum of litecoin (USD) ?  (Read 1022 times)
Std52stp
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July 04, 2015, 08:36:50 PM
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What will be maximum of litecoin (USD) ?
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X68N
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July 04, 2015, 09:17:44 PM
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maximum USD?
1.000.000 - 1.000.000.0000.0000

 Grin

Do you mean Marketcap?, 24h Volume?, Overall Volume on all exchangs together? or Price per Litecoin?

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July 04, 2015, 10:16:27 PM
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My upper limit for the next cycle is 2.6 - 4.2x Fibonacci extension of highest weekly close in the past -> 82 - 133 USD (so lets say maximum ~150$)

This is just a very rough calculation disregarding all changes in development and global reach of cryptocurrency ecosystems, number of users, network effects, new market entrants, BTC/LTC ratios, LTC inflation, LTC halvening etc.

It would mark the upper limit of what I think is possible. However, this is a very extreme scenario and not very probable.
10-20 USD are much more realistic.
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July 05, 2015, 12:27:16 AM
 #4

It depends on your timescale.  Over an infinite period, infinite value.

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July 05, 2015, 12:38:25 AM
 #5

Litecoin has seen better days, now it is just floating. I think most altcoins are strongly connected to bitcoin and move with its price up and down.

I don't believe Litecoin will go to 1000'000$ or "infinite value" as mentioned above, in the foreseeable future (say, 50 years-ish) this is more than unrealistic. Even Bitcoin would require an expansion of 4000 fold to reach such a value in terms of market cap and price. Litecoin having 4 times as many coins (in the end) as bitcoin would require an even larger monetary supply to back it. If we consider all the investment splitting between different altcoins and bitcoin as well, the slice of the cake (capital backing the cryptocurrency) gets smaller and smaller.

A few hundred dollars maybe, more realistically below 100$ in my opinion. Although, I wouldn't mind being wrong in this case.
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July 05, 2015, 02:05:29 AM
 #6

I honestly think both LTC and DOGE are way overstaying their welcome as I really can't see any reason whatsoever that would warrant their current price. I'm curious though, why people think otherwise.

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July 05, 2015, 03:08:03 AM
Last edit: July 05, 2015, 04:05:12 AM by Foerster
 #7

Quote
I honestly think both LTC and DOGE are way overstaying their welcome as I really can't see any reason whatsoever that would warrant their current price. I'm curious though, why people think otherwise.
They are the fairest, simplest and least controversial coins out there (besides BTC). Can you ask for more?

Of course there will always be some special ultra innovative coin right around the corner, whose complicated features may or may not work, whose launch may or may not be transparent, whose distribution may or may not be perceived as fair and whose construction as a whole may or may not be stable.
However, most people don't like uncertainty and any marginal benefit that innovative coins offer has not been great enough to make a significant impact.

Dogecoin, Litecoin and Bitcoin on the other hand all three are classical plain vanilla crypto currencies, who thrive on their network effects, have the basic crypto currency features and as a trinity offer at least some diversification within this field.
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July 05, 2015, 04:41:02 AM
 #8

I honestly think both LTC and DOGE are way overstaying their welcome as I really can't see any reason whatsoever that would warrant their current price. I'm curious though, why people think otherwise.

Saying that it's "overstaying their welcome" is wrong.  People love trading those.  There is an open market for it, who's to say that it should be taken off market?

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July 05, 2015, 05:43:14 AM
 #9

Quote
What will be maximum of litecoin (USD) ?
How long is a piece of string?

Get used to it.
unusualfacts30
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July 05, 2015, 06:23:56 AM
 #10

depends on BTC price. LTC rides its coattail
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July 05, 2015, 08:12:36 AM
 #11

depends on BTC price. LTC rides its coattail




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July 05, 2015, 12:50:19 PM
 #12

I honestly think both LTC and DOGE are way overstaying their welcome as I really can't see any reason whatsoever that would warrant their current price. I'm curious though, why people think otherwise.

Saying that it's "overstaying their welcome" is wrong.  People love trading those.  There is an open market for it, who's to say that it should be taken off market?

This was just my opinion and I didn't say they should be taken off at all. I'm just genuinely curious why these have this high trade volume. Foerster since gave a few reasons though.

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July 05, 2015, 04:05:41 PM
 #13

0.000000000000000001  Grin Grin Grin Grin Grin
ridery99
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July 05, 2015, 07:39:36 PM
 #14

0.000000000000000001  Grin Grin Grin Grin Grin

No.
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