Redditor Believes Litecoin to be Worth North of $600... Today

Business Insider recently reported that Litecoin is "gunning for $300," but they may be underestimating my favorite the popular crypto coin.

Reddit user kingo86 believes that Litecoin should be worth $600 per coin--and could be worth $1,797 based on its trading volume today.

His math is based on four factors:

1. The supply-adjusted price is just 7% that of Bitcoin

2. Google wallet searches for Litecoin are 13.5% relative to similar search engine queries for Bitcoin

3. Litecoin has almost half (42%) Bitcoin's number of active addresses

4. The average USD sent over Litecoin represents about 15% of the value sent over Bitcoin

A detailed explanation is available in his original post.

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