Litecoin has been very impressive recently. It rose from $100 few days ago to currently trading at about $300. Seems like Ethereum got freak out and moved up a bit. It probably knew that sitting on the old price will attract suspicion and get investors mad. . I kind of think Ethereum should be trading $700—$3000 by now.
Good observation. I also consider Ethereum as undervalued. Well the price today is just below $700 but it should be moving to the 4 digits range a few months ago. And it seems that both of them are being pump. Whether this is organic or just temporary, we still don't know. And Litecoins is already correcting itself, ~$300 by now. And it looks like they are now looking for the next coins to be pump. Maybe Cardano or Ripple is next.
Litecoin has been very impressive recently. It rose from $100 few days ago to currently trading at about $300. Seems like Ethereum got freak out and moved up a bit. It probably knew that sitting on the old price will attract suspicion and get investors mad. . I kind of think Ethereum should be trading $700—$3000 by now.
In current situation altcoins are pumping. So litecoin value is raise continuously I agree this has been very impressive. But compared to Ethereum both are good. Because Ethereum is the most trusted cryptocurrency. Many projects are supported and high valuable cryptocurrency many competitors are also invest in both coin. So in future also I will continue I hope it will raise continuously in digital market.
Yes, Ethereum has so much potential but why it is just being pump now? Why not like 3 months ago? Its smart contracts is one of the best technology, however, companies has overlooked it. I don't know about Litecoin, but Ethereum has really a bright future if only other industries will utilizes it to improve or to advance their current system. And as the demand grows overtime, the price could also go up touching $1K. Remains to be seen though.