Litecoin is recovering - January PredictionsWhat a crazy December! Literally, every Altcoin, shit coin, any coin went to ATH! This was a given considering the fact that Alts were struggling a couple months prior. Haha people can throw shit at the all and it would turn into gold. My golden nugget was TRX 900% ROI from $0.03 :) 2018 will be the year of regulations. With new laws, regulations we can expect a bit more reduction on volatility and we will quickly see which shit coins will die and which alt coins will survive.
Anyways I have shared with my group that during the recent drop we should be accumulating as much LTC and BTC as possible. The fruits of our labor are now blooming. We can definitely see LTC moving northward to $330-350 range.
Right now i have been basing my previous TAs with historical charts which have proven to be 95% accurate. We have to take note that due to a much more volatile market we can expect +/- 8% vs historical movements.
Short Term: We can see small up and down movements with LTC and an attack towards $320-350. Shortly after we will see a drop to $280-290 levels. Then move northward to $310 -320 levels. Beyond this point i will reevaluate and update this idea.
Long Term: $500 is the goal for Q1-Q2. $1000 End of Year.
LTC has had quite a bit of competition against it as of late. People are complaining about market caps and calling LTC a shit coin. Let me rephrase... people think its a shit coin because they aren't getting the volatility v.s. and %'s of other coins. Yes you can make better %'s on other coins in the interim.
Let's fast forward a year or two from now. If we can calculate the FUD and issues of all the other major coins LTC has relatively had its hands clean. BTC has transfer issues, internal wars vs BCH, scaling issues. LTC has already accomplished most of what BTC desires, Segwit, Lightning Network, its faster and has more transactions than other competing coins. Anything and Everything developed for BTC will go to LTC because of how similar their codes are.
bitinfocharts.com
While people have their reservations on LTC's leader Charlie Lee...we have to understand several things off the bat. He worked at Google and was a Director at Coinbase. He left his full-time job in 2017 to focus on LTC with a team of 2-5 other developers. He donated $1.2M of his own money to fund the LTC foundation. AND here is the kicker, LTC was never pre-mined or had reserves of coins for their creators/investors. Charlie Lee purchased and mined for LTC. DASH is fully funded by investors and large institutional house. Out of all the various crypto pioneers and founders Charlie has stuck to the key vision of crypto. Decentralization...even at the expense of wealth. he never considers himself as the "CEO" of LTC. Let us be honest some of these founders run their coins like companies and have huge reserves stockpiled for themselves.
So with everything LTC has accomplished in what is really 6 months of work...that's impresssive (he did let it sit for about 2-4 years). ALSO check the top 10 coins... half are under $10 and are in their pennies. Any one of these coins will eventually cap out in price because of the sheer amount of coins outstanding. People who invest do not like to have their value per coin capped. ADA, XLM, TRX at $100 will overshadow BTC and most of the world's wealth so it just theoretically doesn't make sense.
BTC and LTC both have a limited supply which gives it scarcity and the ability to be $1M coin down the road. Warren Buffet's company is worth $300,000 A SHARE because he didn't dilute the market shares.
ALSO REMEMBER THE GOAL MOST IMPORTANT GOAL HERE IS TO BE A DECENTRALIZED CURRENCY. Last time I checked the USD wasn't fluctuating in value every day. Countries with volatile and weak values are normally in a state of disarray. LTC has been the most stabilized in value and consistently appreciates and is undervalued.
Thx and love u guys!
