Well, Litecoin has done what I thought it might do, as last week it jumped up from about $30 to $45. The cryptocurrency is up 16.4% in 24 hours and has officially hit $50 USD.
Litecoin is currently the 4th largest cryptocurrency in terms of market cap with more than $2.7 billion USD. It's 4th after Bitcoin, Ethereum and Ripple and precedes Ethereum Classic and NEM at the moment.
What is it's next target? Will we see a pullback? What are your thoughts?
Credit: https://www.worldcoinindex.com/coin/litecoin
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Lol
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Lol, nice one. Definitely can relate.
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great, I have faith in LTC. do you think it might surpass ETH and BTC in future? still too early to tell huh?
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Yeah too early to tell. I'm pretty bullish on Ethereum, but there is really no cap on the number of ETH, whereas LTC has a cap of 84,000,000, 4x that of BTC. We shall see, too early to call.
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Is there any plan to cap the number of ETH? I thought I heard somewhere that new coins would drop off big time with the switch to POS. Not sure if that was true or not.
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I heard the same, that the algorithm for mining would be changed heavily to discourage mining, but I don't remember when that would happen.
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finally, the chicken arises
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