Litecoin has been in this Bull pennant formation for years and a break if this pennant will give a measured move to about 10k. This will happen extremely fast and will literally shock everyone in the cryptosphere. Lots of haters out there for Litecoin but thats ok they just dont understand how things work in this space. Let them buy their Shib, Doge, Matic, XRP, BNB, blah blah because at the end of the day they will be the ones to provide us Litecoin and Bitcoin holders with the blowoff and the liquidity to dump on their chins at the top when they mass exit out of 99.9% of the cryptos out there. The chart is undeniable, the pattern is undeniable and I am confident that Litecoin will be right under Bitcoin in short order. All these unregistered securities the noobs are holding are going to evaporate. The SEC will drop the hammer on all of them. Once XRP (the head of the snake) loses the lawsuit there will be a flight to safety within the Crypto space out of all those unregistered securities into cryptos that are not securities. Right now I can only think of two maybe three. Bitcoin, Litecoin, and possibly Digibyte but that one is debatable. Charlie Lee knew exactly what he was doing when he sold his bag of Litecoin. He knew the regulations that were coming. I also think Charlie Lee is the creator of Bitcoin as well or at least knows who it/they were. This is not financial advice this is just my opinion.
I don't know that LTC can be near a trillion dollar market cap...but would be great for me.
WeAreSat0shi
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I agree it will do well this cycle but I think that is a little too ambitious. 2500 is most likely the absolute top, here is why..
Bitgolder
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@WeAreSat0shi, Thank you for sharing your thoughts. I think $2500 is a guarantee but in my opinion a little modest. I think at least 5k and possibly 10k.
WeAreSat0shi
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@Bitgolder, You are entitled to your opinion but I didn't give an opinion I gave gave factual data. What's on this chart in not an opinion it's history. LTC entire existence has been withing this trading log. Now, does that mean it has to stay withing it ? No, it could one break down below or up above. In fact one day it most likely will but I would expect a break down not a break up. My bet is it does stay withing it goes right back to the top, if it even reaches there. Nothing against LTC, I like the coin.
DrM200x
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@WeAreSat0shi when litecoin is 10000 a loaf of bread will be 100$
I mean theres definitely a degree of this thats 100% possible, arguably it could go much higher or could end up being much lower but it really depends on your time.
Its true though that out of the 21000+ coins out there, regulation will likely wipe 99% of them, forcing the money in those coins to be worthless or transferred into the safe coins.
For those who say 10k+LTC is impossible, i mean im sure most of us said the same about Bitcoin at some point. With the dollars value being over inflated and the rest of the world turning towards trade in their own currencies, i can see LTC definitely being worth more than 10,000$ US because the real question is: What value will the dollar even hold with the coming events in the next few years? Theoretically, with this in mind, LTC's value could go anywhere.