I think that it will definitely reach $400 this year, unless something bad happens to the entire industry. Charlie Lee is really pressured to bring another all time high since a lot of people accuse him of being responsible for the mid-December drop (he announced he sold all of his coins around the time, and some investors thought this means he’s abandoning the project and proceeded to panic sell and spread FUD).
I don’t think that investing in Litecoin will bring you 1000% yearly returns like a penny shitcoin with questionable future that people like to pump and dump, but it’s a more secure investment. Think of Litecoin as Bitcoin’s little brother :)
Always keep in mind that this industry is volatile and unpredictable, though.
Definitely unpredictable, I've been hearing Bitcoin is now a Dinosaur from one side of the spectrum and others predict it will be 100k by the end of they year. Very new asset class, we don't really have much to go by. But those who invest now are still considered early adopters so there is chance to still make a good coin. Litecoin from my opinion is more practical than Bitcoin but with all these new 3rd gen coins there may be better coins for this function.
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As soon as Bitcoin gets the Lightning Network upgrade later this year, lots of altcoins will become redundant in their purpose. They will just be opportunities to make a quick buck (if they survive).
There’s a reason why people insist with the 100k prediction :)
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