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
Like you, I also believed that Litecoin will be at a top for a long time, but when Charlie Lee moved himself away from the project and sold all of his Litecoin holdings, that's when the sh*t happens.
I'm not saying that the project is a sh*t and in fact, it's one of the oldest coins that are currently existing. What I'm saying is that, the project has been out in the limelight for years and we rarely hear any update about the project. It's good that there's still community behind it hoping for the best for the project, but no update at all? Nobody's talking about the project anymore, and we barely hear anything about it, and it's upgrades.
I'm not bearish with the project at all, but with these reasons, TBH I don't think that it will surpass it's previous ATH. Litecoin will be like EOS in my opinion. EOS reached it's ATH during the 2017 bull run, and it didn't surpass on the last bull run in 2021. I believe Litecoin will do the same as well. Anyway, your opinion is your opinion and so does mine. As long as you make profit off of it then it's all good.
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