"Litecoin To Reach $1,398 by November 2020"? Now #5 On Google Trends

in #cryptocurrency7 years ago (edited)

Earlier an article appeared stating that LTC could reach as high as $1,000.



Source : https://litecoin-foundation.org/shop

Rize Chikun!

The reasons given in the article were no different from the reasons to buy Litecoin in February of 2017 (which I did) ...

  • Feasibility as a Payment System
  • Litecoin’s Price is Undervalued
  • It's the Bitcoin testing ground

The later being the most important for me personally. Now that Bitcoin has Lightning, some say there is no need for Litecoin any longer, it can now die. I'm here to tell you that the Chikun will not die any time soon!

Long Term

The $1,000 price for Litecoin has been thrown around all year on Reddit and Bitcointalk, but I wondered if there were any others predicting such a high price for LTC. In my search I came across "The Economy Forecast Agency" and here's what they have predicted for the future of Litecoin.


ltcprice.png
Source: https://longforecast.com/litecoin-price-prediction-for-2018-2019-2020-2021-ltc-to-usd

FOMO + Payments

The Litecoin Foundation is not sitting back relying on the idea of being the "Bitcoin testing ground" either, they are directly marketing Litecoin to new users who "missed out on Bitcoin" as "the cryptocurrency of payments" and "an advanced version of Bitcoin".

See for yourself ...

Source : https://twitter.com/LTCFoundation/status/938390572938674177

or if you prefer ...

Alt Source : https://www.facebook.com/jeffrufino/videos/10154963734106837

Litecoin and Steam

As Steam drops Bitcoin support in the last 48 hours, Litecoin is added to Bitrefill and you can now buy Steam vouchers with LTC.

Litecoin and Blockstream

In August of this year the Litecoin Foundation sent a proposal letter to Adam Back, CEO at Blockstream, to broadcast Litecoin's blockchain on the new Blockstream satellite.

Coinbase

Users of Coinbase have been asking for SegWit support, but Coinbase has been reluctant for some reason. Many have speculated it was due to Coinbase's obvious bias towards Litecoin. However that may soon come to an end, if they are to be believed this time around.

The rumors have circulated due to Coinbase ignoring simple request to alert new users to the fact that hey can purchase fractional amounts of Bitcoin, and by not doing so are attempting to drive the customers to the cheaper alternatives, giving Coinbase an opportunity to control the smaller markets. hashbrown-conspiracy

Google Trends

Today Litecoin is #5 on Google Trends Hot Trends list.

Charlie on TV

Litecoin creator Charlie Lee was recently on the Glenn Beck show.

BTFD

Nuff said.


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Buying 1 million LTC right now!

I'm fairly new to cryptos. I just purchased 6 LTC, some steem and a bit of Etherium on the last dip. I chose to start with Litecoin over Dash and I won't be trading my LTC away anytime soon. I'll have to do more research into cryptos to find out which ones are best and for what reason but I have a feeling Litecoin will do well in the long run. Just going to HOLD and find out ;).

If anyone reading this wants to share which cryptos they are invested in for the long term and why it would be cool to hear it.

Thanks for the post OP. It was a good read.

XMR under .017 is always a good buy, but it generally begins to sell off above .02-.024. What holds it back, in my opinion, is that they hardfork often. Few will put a lot of money into a coin that hardforks often, STEEM is a good example. ;)

Interesting. It has an incredibly low amount of circulating supply so if it more people get interested in it $271 per coin would be a steal right now. I will def look into XMR. Ty for the feedback :D!

HODL you mean!

Go Long: LTC, BTC, FCC (Ohh not a coin sorry!)

Hoard the litecoin....hoard the litecoin....HODL...HODL

Also Hodlor ;)

I have always questioned why Litecoin exists and am shocked to see it break $100. In my mind, it's just trying to marginally do Bitcoin better than Bitcoin, and that's not exciting. Maybe I'm just not seeing the potential.

I think it’s good to have different options and competition. Especially with all of bitcoin internal fights and forks, having a quiet but good and calm project like Litecoin is good. Bitcoin can sometimes feel a little chaotic and intense

The potential is there are a lot of whales wanting the price to go higher, so it will. =)

It's illegal here in Nepal. I'd get into Lite otherwise.

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