If I remember well, it was worth about $50 when the Bitcoin was at its ATH.
Yes, I think we will hit such values again. However, this really depends on the value of BTC on itself. I think LTC is going to be worth more (in terms of BTC) because most altcoins these days are increasing in value (with regard to the Bitcoin), and this pattern will happen again (at a fast pace) as soon as the BTC gains value. This has happend before; people think it is too expensive for them to buy a whole BTC and therefore choose to buy multiple entire altcoins. It doesn't really makes sense, but I guess it's just the feeling to own an entire coin (like 1 LTC) instead of 0,05 BTC.
Topic: Will the LTC price hit $30? How wide market altcoin indices can predict - page 2. (Read 1618 times)
June 17, 2015, 06:52:18 AM
June 17, 2015, 06:47:45 AM
0.1 btc per ltc may be a little too optimistic.. I guess we can head back to at least 0.015-0.025 in the next minths though.
30 usd per btc would make me a happy man though
30 usd per btc would make me a happy man though
I also bought because I needed LTC for an exchange project that I have been working on for Marinecoin called the Marinex
I bought around 1500 LTC total in the past weeks at around sub $ 1,in order to seed them during initial Marinex launch, seems that my timing was just right.
June 17, 2015, 06:38:18 AM
0.1 btc per ltc may be a little too optimistic.. I guess we can head back to at least 0.015-0.025 in the next minths though.
30 usd per btc would make me a happy man though
30 usd per btc would make me a happy man though
June 17, 2015, 06:30:00 AM
Now that the price is over $ 3, what's next ? will it hold?
I believe that the marketcap gap between BTC & LTC will shrink from X30 to under X10 within the next 12 months.
Will the LTC price hit $3 this summer?
We'll use altcoin wide market indices to try to predict LTC price.
Let's compare daily charts of LTC/USD (Litecoin, btc-e) and ALT100 index (BTC value).
ALT100 Index is a wide market index (based on value of 100 coins, being traded on Cryptsy).
There are three evident divergences, and all three successfully have predicted LTC price earlier.
Now LTC long term trend is still down, but wide market index ALT100 trend is already up.
In 3 previous similar cases of 2015, LTC has followed ALT100 (a chart).
Let's predict that LTC will hit $3 this summer.
Note: there may be another divergence later which would signal to sell LTC.
But now strong BUY (BUY signal has appeared in May when LTC price was flat $1.5, see a chart).
We'll use altcoin wide market indices to try to predict LTC price.
Let's compare daily charts of LTC/USD (Litecoin, btc-e) and ALT100 index (BTC value).
ALT100 Index is a wide market index (based on value of 100 coins, being traded on Cryptsy).
There are three evident divergences, and all three successfully have predicted LTC price earlier.
Now LTC long term trend is still down, but wide market index ALT100 trend is already up.
In 3 previous similar cases of 2015, LTC has followed ALT100 (a chart).
Let's predict that LTC will hit $3 this summer.
Note: there may be another divergence later which would signal to sell LTC.
But now strong BUY (BUY signal has appeared in May when LTC price was flat $1.5, see a chart).
I believe that the marketcap gap between BTC & LTC will shrink from X30 to under X10 within the next 12 months.
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