- Litecoin (LTC)
Like I said, no specific order.
I remember buying Litecoin at around $9 dollars last year, the price jumped fairly quickly and there was huge expectations for more. It kept on going up, reaching $15, where you might think that it is already too high, and it went on to reach over $45, to mark a new all time high.
But I can go back further. I remember seeing Litecoin for what appeared to me to be a long period of time, sitting around thirty cents ($0.30). At that time I would look it, stare at it and move on. "Bah, another altcoin, it has been going down for months". Then one day the price suddenly shot up, and you have to pay three dollars ($3) to get a single Litecoin.
Litecoin is now sitting around $175, after coming down from its $370 all time high (according to BitFinex charts).
So we went from a Litecoin being worth a few pennies to now being valued at over $150 dollars per coin. It is now the 5th strongest cryptocurrency by marketcap. Lots of people love this coin.
Right now it holds the potential to go up nicely in the next bull run. Challenging the last all time high can give you 2x of your purchase in total earnings and reaching new highs can give you even more.
The potential is basically unlimited, for this and any other coin, it all depends on how the markets will develop and if this year will be a year of growth.
2018 seems to have started very positive for many people, we are hoping to make incredible profits when the next bull market comes.
Let's look at Litecoin's last 3 years and see how it has done. I am not giving buy-in range here, you can buy when you feel it is right, in this "buyers market", and wait for the next bull run to start.
Litecoin 2015
Low: $0.985
High: $9.867
Litecoin 2016
Low: $2.9
High: $5.9
(Notice that Litecoin's 2016 high was higher than 2015. This has to do with Bitcoins value and the overall market. On another note, there is still 2x difference between 2016 low and high, a "slow" year for cryptocurrencies can mean 100% profits.)
Litecoin 2017
Low: $3.6
High: $370
Litecoin 2018
We look at the year so far...
Low: $106
High: $306 - ~$1,000+
Please be reminded that there is still plenty of time for the market to correct some more. Many people are really desperate, so the experts will use this as an advantage to extract from them all the money they can. So wait for clear signals of a bottom, until a very strong signal that the market is changing before "placing your bets".
I would only buy-in for long after this phase when Bitcoins uncertainty is gone and it has been growing stable or going sideways. I wouldn't buy to hold long when the market is in doubt and nobody has found their place.
We are going to take a much quicker look at the other coins that I have to share. These are very strong coins, so you won't be surprised that they can be bought to hold long term.
- Etherum (ETH)
Etherum has created its own reality within the cryptocurrency markets. Hundreds of coins have been created using its technology, and most of the ICOs are paid using this altcoin.
The cryptocurrency markets are now measured against Bitcoin, the king and owner of this arena. USD/USDT, which is necessary for us to take our profits and finally Ether (ETH), the second biggest altcoin by marketcap.
First you have Bitcoin (BTC) and then you have Ether (ETH). Like it or not, this is the cryptocurrency market. You can buy ether and hold it for long. So now... let's move on.
The remaining Top 3 Altcoins for Long Term Hold
- Cardano (ADA)
The 6th biggest cryptocurrency by market cap, this coin is always very promising. The charts for this coin looks very strong. Last year it had its run relatively early, so if this year we have growth, Cardano (ADA) can be one of the first to bless us with easy money for us to enjoy.