I recently bought a small amount of Litecoin when it was at about $90 USD. I see great potential with Litecoin with the recent boom of Bitcoin and Ethereum. I think its pretty obvious that Litecoin will reach $200-250 especially since it hit $100 it's becoming vastly more popular and is being traded quite often. In fact, in the last 24 hours, $439,923,000 worth of Litecoing has been traded with a market cap of $5,450,862, 403. Pretty impressive. But how much potential does Litecoin have? I have heard discussion of Litecoin catching up with Ethereum, although I do believe Litecoin will give Ethereum a run for its money I don't think Litecoin will realistically every catch up with Ethereum or pass it as Ethereum is quite mobile. What I think will most likely happen is Litecoin will hit that $200-$250 benchmarks then it will go down for a little bit but eventually get back into its upward trend and eventually hit $300, $400, or even $500 plus. Where do you think Litecoin is headed and should I seriously consider stocking up on Litecoin now as it reached $100?!
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An upward trend in its chart signifies an increase in demand which will inadvertently increase its price.. law of demand
In the end, the price the roof will be determined by the demand of the coin. Because of the recent surge in bitcoin, and Ethereum, there had been a higher demand on Litecoin, partly because of FOMO. It will be interesting to see the movements in the next 6 months, especially if BTC and ETH begin to come down.
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