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RE: Bitcoin $2500 ----Litecoin Severely Undervalued? ----My Analysis
@xerdo, thats not the angle im looking at these investments, im looking at these investments at the fundamental level of technology. They both are ran with the same algorithm but different supply. Litecoin was a copy of bitcoin with a change in supply. I believe as Bitcoin climbs, it should make Litecoin rise in value, Litecoin has been lagging, and has to catch up as Bitcoin rises. Yes, I understand, its based on technology and development and potential for commercial use and so on. When Litecoin activated Segwit, they surpassed bitcoin in development. Its just at a great value in comparison to the entire market.
Yeah I can kind of understand that - Litecoin is more palatable right now to the average investor at a price of $30 vs Bitcoin's $2400+, and there is definitely something to be said for having a larger supply of coins, even if they are divisible into smaller amounts. Litecoin has historically trailed behind Bitcoin in market price too.
I guess what I mean more is that if you look at the recent price graphs, Bitcoin goes almost straight up while Litecoin has been floating around $25-$32 or so during the same period, which indicates to me people aren't as sure about it. I think Litecoin could continue to climb with Bitcoin, I'm just saying it's not a guarantee.