Topic: Litecoin could reach $1,000 in a couple of years from now - page 5. (Read 2444 times)

That's a big "IF." Mimblewimble is a completely different algorithm, with completely different set of rules. If LTC adopts Mimblewimble, there would be a coin swap I imagine. Theymos likes Grimcoin too.

It's good to "Hodl" Litecoin for the long term, as it's a tried-and-tested cryptocurrency that's limited by design. Being an old cryptocurrency, gives it an advantage over most other coins being traded on the market now. It's no secret that the LTC blockchain serves as experimental grounds for adopting new features on the Bitcoin blockchain. That close relationship between both coins (LTC and BTC), will drive the price per Litecoin to the roof sometime in the future. We just have to be patient in order to achieve great results in the future. If the Litecoin dev team adopts Mimblewimble, then it'll be a game-changer for the privacy of its underlying blockchain network. This would allow Litecoin to distance itself from Bitcoin in every way. There will be "FOMO" across the crypto market, because of LTC's newly adopted privacy feature.

Above all else, Litecoin's price moves upward if Bitcoin does the same. All eyes are on Bitcoin right now, as it's bound to increase in price within the next block halving. Once that happens, then LTC and other major cryptocurrencies on the market will rise in price to levels beyond reach. LTC would need to reach at least $100 - $200 in price to bounce towards $1,000 per coin in the future. No one knows when this will exactly happen, as crypto behaves in strange and bizarre ways. It could take 5, 10, 20, or even 50 years from now to be able to experience Litecoin at these high prices. What matters is not the price in terms of USD, but the real use cases of the coin within the mainstream world. And so far, Litecoin is useful for blazing-fast payments at a fraction of the cost than Bitcoin. Hopefully, more people would notice LTC in order to increase demand (and mostly adoption) across the market. Just my opinion

I also holding LTC with long term perspective and this is realistic approach to keep our goal for next few year. I'm quite sure it will happen one day when it reach to this milestone because it has potential to go even more higher than this price. LTC is a legend project and it still growing very healthy.

I think if the bullish market will happen, the price of litecoin will reach $1000 for sure, but I don't know when will exactly to happen, I hope will happen in just few years. 5 to 10 years seems too long for litecoin.

Important thing is the growth tied with bitcoin. If bitcoin goes up the growth of litecoin will happen, as mentioned halving alone doesn't take the market of litecoin high. The reality is being experienced. Lot of users staked litecoin considering the growth of litecoin based on halving. We'll experience $1000 per litecoin, but this isn't very near as there is no big market pumping with bitcoin.

The hardfork alone wont shoot the price up why would it.  If anything the price is already baked in just like a halving price bake in.  Too many people think these non significant events will just moon their coin they are holding.  Point is they will only go if bitcoin goes.

News like the the Ethereum 2.0 update could very well move the price without any new money coming in the market. Sure, more money coming into the market cap helps raise the price, but it's not a requirement. People already own the Bitcoins. They would just simply trade them for Ethereum if the news were to drop that the update was coming out next week. I don't think it would ever jump from $150 to $1k though.

too far to predict prices that high. we can't see it if the state of bitcoin is still like this. Hardfork ethereum also I don't think will give growth to such a high market. if we have to look at LTC towards $ 1k maybe bitcoin will experience a very extraordinary increase.

How will the eth hardfork create a price breakout?  Altcoins are bought mainly against a bitcoin pair.  Same with eth.  If bitcoin goes down in fiat by a lot, you can rest assure eth will go down in terms of fiat pricing.  Point I was making was bitcoin at $1k or bitcoin at $100k usd makes a huge difference in whether litecoin or in that matter eth would ever move towards $1k

Just a moment ago - in the previous post - I wrote that Ethereum hard fork can change the price of altcoins a bit, not only EYH.. I am not saying that it will be skyrocketing to $1k for LTC, but it can speed up the bull run and make the prices of altcoins free from the price of Bitcoin.

Absolutely right.

BTC price is the main driver for alt growth despite whatever other people say. Also, fiat numbers have no intrinsic value in terms of evaluating the true cost of a coin - you'll need to adjust for inflation to do that accurately.

But yeah, I'd be long on LTC given the fact that it's been around a long time and institutions are probably more likely to buy LTC than a bunch of small caps.

You wrote that the price of Bitcoin is the most important thing for altcoins to rise. Looking at what is happening on the cryptocurrency market, I would be very irresponsible if I disagree with you. However, soon Ethereum hardfork will happen and I hope that it will help to break the ETH price from the BTC course. If this happened, there would be a chance that the prices of other altcoins would also start to rise. Certainly not immediately to $1k for 1LTC, but it could break the first borders.

Agree. The next bull market could greatly increase LTC's price as we know it. But we have to be patient in order to see good results in the future. First, Litecoin needs to get past the $100 range for it to go higher in price across the market. As long as it's well below $50 per coin, I don't see it going anywhere. The main trigger in prices is Bitcoin, without a doubt. If Bitcoin doesn't experience an uptrend in price, Litecoin and other altcoins will be unable to obtain higher prices across the market. Usually, old coins have a greater chance of survival over time than newer ones. But, it's not a guarantee that they'll always be valuable across the market.

If there's lack of demand for Litecoin, then it'll be difficult for the cryptocurrency to reach $1k anytime soon. Monetary supply tells us another thing, though. With a maximum supply of 84 million coins, Litecoin position's itself next to Bitcoin in terms of price. At least, it should've been like this in the first place. But I guess that investor emotions go above anything else in this wildly unpredictable crypto market. Hopefully, we'll be able to experience $1,000 per Litecoin in the future once Bitcoin reaches at least $100,000 across the market. Just my thoughts

It is all dependent on bitcoins price.  I've said it before predicting prices in usd is fruitless.  If bitcoin goes to $1k would it be realistic that litecoin could reach $1k?  But what if bitcoin becomes $1mil each, then $1k litecoin would almost seem like a failure.  Usd prices for alts is all reletive.

predictions can be wrong even if those who provide information are those who have been in the field. LTC, including coins, is quite good and stable, if we want to see the movements they have are very good and promising. to reach $ 100 I think it will be easy for LTC to pass next year, but it must also be realistic if it can reach $ 1K it seems to require hard work.
because when it's all the passionate coins LTC can't break $ 400, so we have to be realistic for this.

We see this type of comments last year on Twitter and Facebook but in June this year litecoin went as high as $150! On a good day litecoin should be above $1000 and that good days is going to come some years to come.

I believe that Litecoin will continue to grow in value in the future, the advantages that Litecoin has certainly can make users feel satisfied because the fees charged for each transaction issued are very cheap. It certainly has a strong signal and a lot of support from everyone so that in the future this type of altcoin will be more valuable

How can that happen when we all know that LTC founder Charlie Lee sold his LTC when the price of LTC peaked in early 2018. In my opinion, LTC will probably not be able to reach the $ 100, when we have so many better options than LTC right now.

Today, I saw a thread in altcoin discussion, where a guy said that LTC can easily reach 1500 bucks till the end of 2019 LTC is a good coin, but after halving I did not see any improvements and believe that it would never overcome its ATH.

it does look too high for LTC, especially what happens after halving is also not so big an impact on LTC prices. now it should focus on improving the LTC market and how demand can increase. if market demand increases and reduced market inventory should be still high. but that hasn't happened yet, we have to wait for a good moment to increase market demand.