In a previous article when LTC was in the mid twenties, I wrote about how it would go from this area up towards 50, pullback for a while and then assault the 100 dollar area. https://steemit.com/cryptocurrency/@motowngold/i-was-3-a-bit-early-on-my-litecoin-call-but-right-on-the-money-is-ripple-next
This is exactly what happened and is happening now.
I believe LTC is is worth 1/4 of a bitcoin as it was designed to be due to the number of coins outstanding comparatively, I also believe it is a more robust and faster venue than bitcoin. The reason it has not caught up yet, it is not as widely accepted to make purchases with. I think the market is realizing, that will come it is just a matter of time so LTC is in the process of revaluing itself so the obvious question is how high will it go.
I have a longer horizon than most and am a patient investor, not a trader, so keep this in mind. This is not a prediction of where LTC is going next week, although for that time frame it appears 100 dollars is fait accompli. One other aspect of LTC I love, it is not some super speculative ICO, this is one of the largest crytpos by market cap. I think longer term, LTC is worth 1/4 of BTC so at todays prices, that would put LTC over 1000 dollars easily making it one of the better, if not the best, cryptocurrency speculations that currently exist in my opinion!!
MOTOWNGOLD!
