After Bitcoin, LiteCoin & ETHEREUM made my shortlist for an investment option.
ETHEREUM - My Main concern is Supply is a little bit high & Price is already over $150 which is -1 point against LiteCoin.
LiteCoin - supply is less than 64M & price well under $70.
Which one you would choose for long term invest & Why?
I would go with ETH because it has the most potential of any alt out there (in my opinion). Smart contracts can transform the way that the economy functions. It is one of the strongest use cases that crypto has.
As an aside, I don't understand the direct price comparison that people make sometimes, e.g. coin A costs £50 but coin B costs $100, so coin A is better to buy. Not sure if you're making this point here, but I don't get it. The price of a coin means nothing without also considering its supply. As an extreme example, if coin A above has a supply of 1 billion coins, but coin B has a supply of 1 million, that makes the $50 coin A huge, whilst coin B is the low cap underdog that offers the potential for growth. Switch marketcap the other way, and positions reverse. Price alone means very little.
When we do talk about entire token supply and its price aren't really that different yet it would really be still have the same adjustments when it comes to price.
The important matter here is the community support because even the supply is huge it doesn't really that matter.
Choosing between ETH and LTC? I will definitely go for ETH same as yours due to smart contract thing but it isn't bad either to put up some dollars in LTC.