Post
Topic
Board Trading Discussion
Re: US people are buying LTC while the other world is avoiding it
by
virasog
on 28/11/2020, 06:43:58 UTC
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 1190$ 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.