The whole crypto market has crashed. Sadly the market has deteriorated a lot. The price of every coin has gone down. At the same time, the price of Litecoin has gone down a lot. So far, the price of Litecoin has dropped to a low of 162.47 dollars. Where we saw Litecoin crossing 410 dollars.
So I guess, now might be the best time to buy Litecoin.
If you have a difference of opinion, you can express it without hesitation.
I believe the crash that happened to Litecoin was the crash of price that happened around 2021 when bitcoin and other altcoins reached their ATH and began to experience a price decline, months later after their ATH.
I believe, there are investors who might invest in Litecoin because they thought that Litecoin would cross $410 again after it got reduced to $162.47 as of January 2021 when this post was made. While they didn't know that it wouldn't be so, and Litecoin wouldn't skyrocket to a higher expected price again till when another bull run will take place. Which we are expecting it to be between this year and next year when a higher price of $600-$1000 can happen.
If you predict the price of Litecoin will reach $600-1000 next year, isn't that a high expectation because the current price of Litecoin is $81. but anything can happen, I still hold Litecoin but I will sell it at $200. because I have made a profit from that price
The reason why I predicted the price of Litecoin to reach $600-$1000k is because the last bull run skyrocketed Litecoin to a price of $412. However, it is possible to assume that Litecoin could give a price above its last ATH since it is believed that each bull run gives a new ATH above its previous ones. It is understandable for one to expect a higher price of Litecoin when bitcoin skyrockets to $100k above.
It is your choice if you want to sell your Litecoin at $200, as for me, I am selling when Litecoin has gone higher than its previous ATH. I believe it will soon. The $81 it is currently, will be a thing of the past