Post
Topic
Board Speculation (Altcoins)
Re: Litecoin
by
RelBunny
on 15/10/2017, 17:12:17 UTC
Litecoin will never be 100 bucks. If it were, it would have been much earlier. Right now Litecoin is not popular and I do not think it will be appreciated.

Litecoin (LTC)
$64.30 (-0.70%)
0.01162940 BTC (3.57%)

Market Cap
$3,432,525,618
620,857 BTC

https://coinmarketcap.com/currencies/litecoin/

While no one really knows whether you're right or wrong regarding future price of LTC (I do disagree, though), I don't understand your reasoning.

For quite some time now, LTC value behaves in a way that it rises to a certain level, correts a little bit and stays at that level for a little while, before rising again (typical long-term uptrend). In other words, your statement makes no sense as it is, judging by the movement of LTC value up to this moment. And as the whole market expands, I can't see the reason why it wouldn't rise to 100$ very soon, regardless of not quite getting to this value until now.

Could you elaborate a little bit, if you care to do it of course? It's not just that I disagree, I'm genuinely interested in hearing (or reading) as many well-explained different thoughts as possible.
Thank you.