It will easily hit $50 then possibly $100 but I think $50 is a relatively sure bet.
I think BTC will retrace a bit as people take profits and it will lift LTC.
LTC is good for recruitment to crypto, I think it's important for the scene that it succeeds. There are $50 LTC hodlers from years back who deserve to be rewarded for their bravery and patience.
![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
Reward for that? For HODL
![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
LTC has to prove yet use, so far roadmap looks promising, segwit happened, to be 50 - 100 USD it has to provide some of the feature in near future whatever it will be Lightning Network, Confidential transactions or others.
I seriously don't think it can be overstated the damage that litecoin failing would do to the legitimacy of this space to newer casual investors.
What the hell do I know....
LTC dropping back down to some low level is not it's failing. That's simply the way it in this space. Coins have no real value. There's no assets backing them up. There's no quarterly reports of earnings. Absolutely nothing. The nearest thing you can get to in terms of it's core "value", is some number that results in a reasonable profit for miners.
2014 BTC hit almost $1200. By 2015 it had dropped all the way down to around $200 and it stayed pretty flat for all of 2015. Miners were making a profit, everyone was "happy" (well as much as they can be when they're not able to dream of 10x profits). When the halving came along, the coin started creeping up a few months prior to that. So the new "floor" is probably in the $400-$500 range. Look at where BTC is right now? If/when BTC starts it's correction and starts heading that way again, no one that "gets it" is going to say BTC is failing. It's just going back to where it "should" be.
Do you have any projection about where LTC should be?
Although the price fell some after SW, I see LN as a promising development for coin domain and expect LTC to rise. Maybe another run may happen when the people and markets get familiar with LN and then stabilize a bit. Actually LN is something more useful than SW but SW became highly popular but I do not believe SW and LN are just hypes and the price run was entirely selling the news.
I also do not say, polo jargon: ok this is just whales shaking weak hands and collecting LTC super cheap, LTC will go to moon 100USD easy man, polo jargon over, but I think LTC can raise around 40-45 if/when it is adopted more because of incoming developments.