Reasons for Purchasing LTC in 2018
LTC trading price today is $127, BTC
trading price is 0.01569020 and the 7-
day share option price is +13.88%. AS
a proportional, Bitcoin has traded at
$8088 for the past 7 days + 14.07%
for trading dollars. In terms of market
value, LTC has US$7 billion, while BTC
reaches US$137 billion. On the supply
side, there are 56,104,463 LTC in
circulation, and 16,980,500 BTC.
Now, you may think why someone
would compare Litecoin to Bitcoin. In
the cryptocurrency world, Litecoin’s
gold standard for BTC is silver. This
means that LTC should be viewed with
a certain percentage of BTC.
Both coins share the same code
base are deflation, and use mining
work to prove that despite the use of
different hash algorithms. Given that
BTC's supply limit is 21 million, and
total Litecoin currency is 38 million
If your current price is $8,000, then
BTC is 62 times with the market value,
which is 19 times. If this is the case,
then one thing is very clear: this Alte
currency is now very undervalued.
Taking into account that this ratio
should only be four times, then the
target current price of Litecoin
linked to BTC should be 1/4, which
reaches about 2000 US dollars.
Similarly, the market value should be
around $34 billion.
In the current data, LTC is still
underestimated, but is it likely to set a
new historical high in the future? I
think so. Most forecasts are $600 for
2018, but due to proportions is
inconsistent, it may be higher