Why is Litecoin not $100 Already?

in #bitcoin • 8 years ago

People call LTC the "testnet" for BTC. However, as it stands today it is a technically more sound platform now that is has SegWit.

I agree Bitcoin has the "mindshare", first mover advantage and application buildout is all optimized for Bitcoin... also, I know the potential float of LTC is 4 times BTC, but does Litecoin deserve to be trading at roughly 1% of Bitcoin?

At 25% ratio to BTC it should at about $500... but more conservatively, shouldn't at least 5% or $100 be a reasonable short term expectation? I view LTC as my best short term "catch up" play... what am I missing?

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#litecoin #moon
8 years ago in #bitcoin by
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     8 years ago (edited)

    Litecoin has a big growing potential, especially while Bitcoin transaction problems remain not solved.