Litecoin will pass Bitcoin before Ethereum
A strong position at $70+ and thrusting upward at a weak $85 resistance line, Litecoin spirals up and out of the meme generation.
With all indicators looking positive for the crypto industry...
We must look to utility in the coming months for profitable gains, I believe, with crypto underdog quietly taking the lead... LITECOIN
What we know:
-
LTCUSDT
active (true) market cap is $2.3 billion if you do not include dormant/lost Litecoin from early adoption years.
-
LTCUSD
circulating supply is 1/4 the scarcity of
BTCUSDT
-
LTCUSDT.PS
Volume / Liquidity is 1/10 of
BTCUSD
-
LTCUSDT
market cap is less than 1/50 of
BTCUSD
-
LTCBTC
scales
BTCUSD.P
on layer 2 using Lightning Network, a high speed / low fee P2P transaction protocol.
-
LTCBTC
competes with other layer 2 protocols such as
ETH2ETH
and
MATICUSDT
but is wildly undervalued in market cap comparison
All things considered, I obviously don't think anything will pass Bitcoin. However I do believe, competitively, Litecoin will outperform it's layer 2 competitors like Ethereum in the coming months/years just on basic fundamentals alone.
My price target for Litecoin in 2023:
$375 - $3500
With all indicators looking positive for the crypto industry...
We must look to utility in the coming months for profitable gains, I believe, with crypto underdog quietly taking the lead... LITECOIN
What we know:
-
LTCUSDT
active (true) market cap is $2.3 billion if you do not include dormant/lost Litecoin from early adoption years. -
LTCUSD
circulating supply is 1/4 the scarcity of
BTCUSDT
-
LTCUSDT.PS
Volume / Liquidity is 1/10 of
BTCUSD
-
LTCUSDT
market cap is less than 1/50 of
BTCUSD
-
LTCBTC
scales
BTCUSD.P
on layer 2 using Lightning Network, a high speed / low fee P2P transaction protocol. -
LTCBTC
competes with other layer 2 protocols such as
ETH2ETH
and
MATICUSDT
but is wildly undervalued in market cap comparison All things considered, I obviously don't think anything will pass Bitcoin. However I do believe, competitively, Litecoin will outperform it's layer 2 competitors like Ethereum in the coming months/years just on basic fundamentals alone.
My price target for Litecoin in 2023:
$375 - $3500