Quote from: RelBunny on October 15, 2017, 05:12:17 PM

Quote from: Joshuar on October 15, 2017, 04:02:44 PM

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.

His only reasoning is that Litecoin is not popular. He is correct but only looking at some major points in that perhaps it is not AS popular as Bitcoin and Ethereum. But look at Litecoin as a cryptocurrency first - one of the oldest around. Many sites that accept more than one crypto will accept Litecoin. You want to compare it to say Monero? How many ICOs accept LTC and not XMR?

I may not believe LTC will reach $100 this year but if Bitcoin reaches $10000 next year, then $100 is very natural, if not much more.

And yes LTC behaviour is like this. Rise high then settle down. The old settle was at $50, not it seems to be $60.