Litecoin Officially Hits $50 USDsteemCreated with Sketch.

in litecoin •  8 years ago  (edited)

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?

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Credit: https://www.worldcoinindex.com/coin/litecoin

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@vegansilverstack

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Lol

Lol, nice one. Definitely can relate.

great, I have faith in LTC. do you think it might surpass ETH and BTC in future? still too early to tell huh?

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.

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.

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.

finally, the chicken arises