Post
Topic
Board Altcoin Discussion
Merits 1 from 1 user
Re: is litecoin as an investment done?
by
seoincorporation
on 24/01/2018, 19:20:58 UTC
⭐ Merited by walterw (1)
I just want to know the general feeling from everyone around. i know the market is in correction but overall, i feel that litecoin will not go near 300 again.

I think Litecoin has a bright future, for as long as BTC become more expensive, so does Litecoin. Do not forget all the altcoins performs in straight relationship with Bitcoin, so if BTC rises its price, so do altcoins.

Let me explain myself: for instance, you want to buy some Litecoins. Well, you will need to buy BTC first and then you can change your BTC for Litecoin. If BTC´s price is, for example, $ 10.000 and Litecoin´s value is 0.1 BTC, then 0.1 BTC is going to be its price. So, if BTC´s price changes to $15.000, Litecoin will still be in 0.1 BTC, but it has another price in dollars, of course. Then the altcoin market is controlled by the BTC value.