Why litecoin will eventually reach 500$

in cryptocurrency •  8 years ago 

Okay so you probably think this is crazy but litecoin definitely has the potential to hit 500$, lets do some math. Okay so the max # of bitcoin is 22m, and the max of litecoin is 84m. 84m / 22m is roughly 4. and bitcoins price right now is 2600$ so 2600$ / 4 = the magic number of 650$. so litecoin definitely has the potential to reach 650$ with the right tech and development. i see litecoin hitting 500$ in about 2 years. Which leads me to this, if you want to invest long term into litecoin buy it when it goes back down (it will in a few days) bda582494e552fa50aefc6aa633f328b.png

The reason is is that this isnt a heathy chart it isnt rising gradually it is just a huge spike and will go back down in a couple of days if not tommorow. I hope this helps some of you crypto enthusiasts.

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Nice article. I was about to post a similair post. The cryptospace definitely feels a bit inflated. However we also said that about the S&P 500 40 years ago Does anyone know about: https://www.coincheckup.com Since I use this site I make so much less basic investment mistakes. Go to: https://www.coincheckup.com/coins/Litecoin#analysis For the Litecoin Investment research.