While some traders have high expectations from LTC, which may not seem realistic, what stays true about the altcoin is its consistent performance and its demand on the whale front.
Are those realistic targets? Well, in 2016 if you told anyone that Bitcoin would be worth over $50,000, almost nobody would believe you. However, the upper limit is perhaps a bit of a stretch but Belew’s lower target seemed somewhat attainable. Based on our calculations, Litecoin would require a $243.18 billion marketcap to achieve this lower limit. This is assuming that its circulating supply remains constant.
For context, Litecoin, at the time of writing, had a $4.93 billion marketcap which is also roughly a quarter of the $25.8 billion marketcap at its peak during the previous bull run.If you were to purchase $1,000 worth of LTC at its press time levels, you’d get roughly 14.88 LTC. If LTC’s price action goes to $1000, the same investment will be worth roughly $14,887. Of course, Litecoin needs a lot of accumulation to achieve that target.
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