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RE: Is LiteCoin Still Undervalued
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I'm a huge LTC holder / fan myself, and definitely think it still has a long way to go. To be honest, I'd be a bit more conservative with a coin that has stayed so stagnant so long... but even then I can see around $100 by year's end.
Still, if Monero could jump from under $50 to $150 in a couple days, who really knows?! Either way, I agree LTC still has a long way to go.
It just floors me how litecoin is still so low, either its marketing efforts or something behind the coin that is keeping it down. Being considered the silver standard to bitcoin you would think it would be worth more and you would really market to that. There are about 3x to 3.5x more litecoin then bitcoin. Really hope it takes off :D
Absolutely, although I do think the much larger LTC supply inherently limits its value, like you say it should still nonetheless be worth more than it currently is in comparison to BTC's price, at the very least $100 plus. With cryptos though, general price movements can be predicted but timing is almost impossible. It's enough to say that it SHOULD (and probably will) continue to rise but who knows when that will be? The last few days for Litecoin have been really promising though...I think it's just the beginning of a nice bull trend.
Even though I told myself I wouldn't put any more $ into cryptos for now, I couldn't help buying just a few more Litecoin today.
Any reason behind not putting anymore in? Do you feel we are pushing towards a sell off or bull run for the rest of this year where people are expecting $20,000 per bitcoin in the next 2 years. Pretty wild but it is possible.
Funny you ask I just made a comment here (https://steemit.com/bitcoin/@adsactly/adsactly-crypto-roundup#@satchmo/re-jobsande-re-satchmo-re-jobsande-re-adsactly-adsactly-crypto-roundup-20170827t160727039z) mentioning how BTC and LTC near all time highs (and now LTC just hit a new one - you watching the charts the last few mins?!) it's hard to put in new money.. more of a gamble short term.
Long term I'm still very confident, which is why I'm not selling what I have, but short term it MIGHT keep going up a bit, or we might see another correction soon. At least with Bitcoin. That's what the charts seem to indicate as well, really depends what happens in the next few days with the price according to the charts I linked above in that post.
What do you think re the Bitcoin price?
Nice and yeah litecoin is going crazy today 20% in the last 24 hours. Im always like ugh if only I had more lol
I know right!? Everytime there's a huge surge in a coin I have, I'm like ohhh I should've bought more! Even LTC which has been one of my core-holdings, I still wish I had way more now. In comparison to BTC I still don't have that much Litecoin. Maybe I have 1 Litecoin to 3 or 4 Bitcoin (rough ratio), wish that was more now!
Ah well, at least I have some skin in the game ;)