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It very well could. I broke down LTC for 2018 in this article https://steemit.com/litecoin/@jetblake/litecoin-on-the-move

Well, since ETH does not have a hard limit to the maximum quantity, and LTC, BTC, BCC, DASH et.al all have a set max coin limit, I would say that LTC, much like the others, will eventually have a higher per coin value than ETH. Lets not forget, BTC is like gold, LTC is like silver, BCC is like paper gold, and DASH is like cash. Ethereum is completely different, its like gasoline or natural gas (ether), and gets destroyed as the programs that use it, run their systems. Hence the platform will be forced to generate more ETH tokens (inflate the quantity), like our banking system does now.

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