US people are buying LTC while the other world is avoiding it

[ReiMomo]

The calculation made by OP really confused me and what does it do with US citizens if the internet users he is referring to are around the globe. No one can claim nor conclude that if someone uses the internet it automatically has or at least own 1 LTC in fact most of the internet users in our country are not even aware of any cryptocurrency including the young ones.

In general, the prediction of LTC price can be $119 is fair enough for this year or on the following year but to reach its ATH of $300+ may not be possible as of now since bitcoin is now getting popular due to Paypal's affiliation that makes the bulk of demand right now from the basin of all cryptocurrency is in bitcoin then LTC most likely will be left behind.

[Ryker1]

Well for me, --it is not bad to have LTC not because of the possible bullrun that perhaps spike since OP didn't show any chart that will prove him right but only as another asset.

Though LTC may have a lower value compared to bitcoin it remains volatile that we cannot assume the possible price in the future. However, the calculation made by OP may not be enough to support the predicted price of $119 just simply because of the number of internet users wherein we know for a fact that not all who uses the internet do buy LTC but due to the mass adoption of cryptocurrency then the $119 price may not be impossible for the LTC

[goaldigger]

US adoption maybe good for LTC but investors knows what to do for sure and since there’s no great news with LTC aside from their previous halving, I don’t think this will become big again. Looking on its price from the last uptrend, the volume is indeed not that high compare to others, good prices will still come by next year maybe.

[TheUltraElite]

US adoption maybe good for LTC but investors knows what to do for sure and since there’s no great news with LTC aside from their previous halving, I don’t think this will become big again. Looking on its price from the last uptrend, the volume is indeed not that high compare to others, good prices will still come by next year maybe.

Thats all that is to LTC, sadly. There are developments occurring like I said, but how much is really making a move on the market is doubtful. Maybe there will be a long term growth through developments but we might not see it during our lifetime, so better to move on from the LTC bubble of thought to BTC.

The last halving of LTC saw some good dumping action. My guess is that every hodler of LTC is secretly waiting to sell their stash because they are getting tired of holding it for such long periods of time.

If you hold LTC, good luck attempting to sell it. If you are not holding LTC, dont think about buying it. Dont get greedy buying coins that have no future, practically speaking.

[CryptopreneurBrainboss]

US people are buying LTC while the other world is avoiding it.

Although there's no source to this claim but if we're to assume It to be true then the rest of the world has to be smarter than US Investors. There's no good in litecoin, I don't see it adding any value to the industry. Litecoin is dead and just one of those projects enjoying the first mover advantage as without that they would had been lost gone like other newly created tokens.

The only scenario that'll pump litecoin is when every other old coins are pumping then in anticipation for litecoin to join the party, Investors will start buying. Litecoin on its own don't have any bullish news even their last halving event couldn't have any positive effect on the price. It only got pumped post halving but dump immediately afterwards.

[pawanjain]

The highest for LTC was $300+. I don't understand the calculation for $1120 just because of purchasing power with a minimum of $10 for each user.

It won't happen. Your prediction of about $119 per LTC is possible though.

And even that was due to the FUD created in the market during the days of ICO era. Bitcoin was at it's ATH and so let's not forget what drove Litecoin to it's ATH of 300+

~snip

 let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know.

While the numbers seems quite optimistic the theory to reach those numbers seems shit to me. Why would every person buy LTC ? Just because they can ?
There are thousands of coins out there in the crypto market. Will people buy them all just because they can ?
You should provide a solid theory based on facts if you want people to believe it.

[so98nn]

Even though LTC going up to $119 is very possible as it's only going to take a few green days from here, that's a really bad investment thesis. Just because everyone can buy $10 worth of LTC, it doesn't mean that they will.

LTC is pretty much just almost like a Bitcoin testnet anyway.

Exactly. What kind of math that is to predict the price of any coin?

If so then BTC would have added two zero's more in it's current price since there virtually no limit to how much one can buy. In fact OP is limiting the purchase capability on hypothetical basis.

If binance restricts buying upto $10 then I could just go to 10 different exchanges and buy upto 100 bucks! That will distort the calculation that you just did mate.

[Shasha80]

As long as there is no evidence to show that the US people buy Litecoin while people from other countries avoid it.
I will not believe it, because I believe it is not only US people who buy Litecoin, but investors from other countries
are also buying Litecoin. Since Litecoin is a top altcoins that is quite attractive to many investors. Therefore, for the
Litecoin price prediction, I agree that this year's Litecoin price can be above the $ 100 price.

[Smartvirus]

So which part of the OP post supports the narrative that US traders are buying LTC? I'm honestly confused.

Are we talking about facts or predictions here?

Very observative of you, I was really surprised the first few users to have commented until you came along. Clearly, the bone of contentment or theme of the topic was very much absent. All that was projected are speculations which are very far from being a fact. I wanted to know the bases as to why US citizens has focused on LTC, either there is a news from a study or BTC recent growth relativism with LTC and more of stuff like that. No doubt, LTC has been able to stand out and would appreciate in value with time but, I still don't see this to happen anytime soon.

[nelson4lov]

So which part of the OP post supports the narrative that US traders are buying LTC? I'm honestly confused.

Are we talking about facts or predictions here?

Very observative of you, I was really surprised the first few users to have commented until you came along. Clearly, the bone of contentment or theme of the topic was very much absent. All that was projected are speculations which are very far from being a fact. I wanted to know the bases as to why US citizens has focused on LTC, either there is a news from a study or BTC recent growth relativism with LTC and more of stuff like that. No doubt, LTC has been able to stand out and would appreciate in value with time but, I still don't see this to happen anytime soon.

I felt the same way as both of you after reading through the title and the body and couldn't find how it was correlated with US people patronizing Litecoin. It got my attention because LTC hasn't seen much growth recently (I mean tech-wise) because I've been following their development progress on Github and not much has been achieved so far. I thought I was missing out on something so I checked the thread out.

Talking about OP's calculations abd predictions, I don't think its viable right now considering LTC has been low on the radar not to mention the recent LTC price moved was heavily fueled by Bitcoin's recent rally.

[death69]

I guess you mistype one 0 in your thread.

Litecoin is a good coin and dont underestimate it. It is lighter than bitcoin and faster than bitcoin. However, improvement is needed because there are many disadvantages in the network. But this is not a big issue. Mass adoption is required for litecoin to become more popular

Litecoin has existed for many years. Thats the main reason for people to buy it without hesitation

[usekevin]

US people are buying LTC while the other world is avoiding it

There are 6 billion people around the world, just eliminate the people who do not use the internet then there are 1 billion people atlest who use the internet which means that 1 LTC is for 119 people. If only an individual has the purchasing power of $1, we can say that LTC will hit $119 at least to be divided equally among all of the people. But big exchanges like binance and kraken only allow to trade minimum of $10, let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know. So without any improvement in Litecoin network after paypal adoption, we may claim that LTC will hit at-least $119 per coin and it will never ever return back below to this level. If in case it happens then some whale will only be selling it.

No one is avoiding litecoin as like you said.Because litecoin is the good project with more investment. In localcrypto, onle 3 coins are listed. The three crypto was Ethereum, bitccoin litecoin. The trusred   cryptocurrency will have huge investor and traders.

[KnightElite]

US people are buying LTC while the other world is avoiding it.

Although there's no source to this claim but if we're to assume It to be true then the rest of the world has to be smarter than US Investors. There's no good in litecoin, I don't see it adding any value to the industry. Litecoin is dead and just one of those projects enjoying the first mover advantage as without that they would had been lost gone like other newly created tokens.

The only scenario that'll pump litecoin is when every other old coins are pumping then in anticipation for litecoin to join the party, Investors will start buying. Litecoin on its own don't have any bullish news even their last halving event couldn't have any positive effect on the price. It only got pumped post halving but dump immediately afterwards.

I'm not aware to the use of the litecoin so I cannot just consider it as dead coin because as for my analysis in its charts, its doing good but it also make a retracement with the same movement of other altcoins. It actually almost reached the $100 in the previous run up but there is a certain catalysts that makes the investors to pull out their money and suddenly a retracement happens. The LTC dropped more than -30% and for a lot incurred losses but I do  not consider it as dead because there are a lot of people who want to trade it and you can see it in its volume in the chart.

[FinneysTrueVision]

Litecoin price will keep going up if Bitcoin's price goes up. It has a close relationship to BTC and many people use it as an intermediary coin to avoid high fees when using centralized services. Litecoin by itself is not that interesting. You can hold it as an investment because it will perform better than fiat and traditional investments but it's value in BTC will probably go down in the long term.

[CryptopreneurBrainboss]

The LTC dropped more than -30% and for a lot incurred losses but I do  not consider it as dead because there are a lot of people who want to trade it and you can see it in its volume in the chart.

No doubt there that the volumes are spiking but why? I think it is best to stay away from coins that are pumping or about to get pumped judging from the charts without having a clear reason to. Like I have earlier said, litecoin is one of those coins currently at the top only because it was among the very first coins to be developed that's, it's benefiting from the first mover advantage and not that it has much to offer. Why do I have to use Litecoin if bitcoin is still functioning properly?.

Pump and dump are still a thing in the industry and can be carried out with any coin. If you're trader then you can go for the short term profit but don't go in as an investor or you might end up regretting, even the founder has offloaded all his Litecoin bags years back publicly. Although the reason for that actions was clearly stated still there's could be more reason behind such decision.

[michellee]

US people are buying LTC while the other world is avoiding it

There are 6 billion people around the world, just eliminate the people who do not use the internet then there are 1 billion people atlest who use the internet which means that 1 LTC is for 119 people. If only an individual has the purchasing power of $1, we can say that LTC will hit $119 at least to be divided equally among all of the people. But big exchanges like binance and kraken only allow to trade minimum of $10, let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know. So without any improvement in Litecoin network after paypal adoption, we may claim that LTC will hit at-least $119 per coin and it will never ever return back below to this level. If in case it happens then some whale will only be selling it.

No one is avoiding litecoin as like you said.Because litecoin is the good project with more investment. In localcrypto, onle 3 coins are listed. The three crypto was Ethereum, bitccoin litecoin. The trusred   cryptocurrency will have huge investor and traders.

Yes, it is right. Bitcoin, Litecoin, and ethereum will have its investors willing to buy more and hold it for some time. They will not be a problem if they hold for a long time if the market is not moving well, and maybe they are doing this from a long time ago, from the last ATH that happen in the market. People still underestimate this coin and don't invest in that coin because they think that ethereum can give them a bigger profit than litecoin. But we will see if litecoin can compete with the other coins at the market, the price will increase so high, and who knows, the price will pass the last ATH for litecoin. Only time will tell us about that, and I am sure many investors are still buying more litecoin at this moment. But if you want to invest in litecoin, you need to analyze.

[virasog]

US people are buying LTC while the other world is avoiding it

There are 6 billion people around the world, just eliminate the people who do not use the internet then there are 1 billion people atlest who use the internet which means that 1 LTC is for 119 people. If only an individual has the purchasing power of $1, we can say that LTC will hit $119 at least to be divided equally among all of the people. But big exchanges like binance and kraken only allow to trade minimum of $10, let say that everyone has the purchasing power of $10 then LTC will hit $1190 in the future but when we don't know. So without any improvement in Litecoin network after paypal adoption, we may claim that LTC will hit at-least $119 per coin and it will never ever return back below to this level. If in case it happens then some whale will only be selling it.

LTC can hit 119$ or even more in the future but i do not understand that binance will allow you to trade only $10 worth of  Litecoin. That is not the case. You can  trade any amount of litecoin as far as i know. Your calculation is also not accurate but not everyone will buy litecoin as there are bitcoin and other currencies too in which people may be interested to invest.

[Rengga Jati]

I'm still thinking of the relation between the title and the content of your post. Well, so, it is about people worldwide or the US people? And it is about US people purchasing or worldwide people must purchase? And why do the US people are purchasing?

However, I think that it will not happen with your calculation. No one will order it for all people in the world. if it is only a parable, I think it still doesn't make sense. If all people in the world should buy crypto, they will prefer to spend their coin for BTC. But this is only my opinion.

[FanEagle]

Litecoin has never felt like it is something I would like to invest, ever since Charlie Lee became a big part of it and ended up selling a ton of it, I have always felt that litecoin is not something to trust, even the person at the head of it doesn't trust it enough to keep it so why should I trust it? Hence for the past 3 or 4 years I haven't invested heavily into it, had it a bit for a while but it was such a small number that I just did it for a short term gain and after it increased I ended up selling it once again.

I am not planning on reinvesting into it anytime so neither so it could be just ignored for me by all accounts. Obviously I am not saying everyone else should neither, that is your decision and do whatever you think would be the right thing to do.

[Lizzylove1]

This analysis and prediction is funny. I doubt LTC will go as high as $1k+. Let's hope this is not an avenue of adverting LTC.