Litecoin LTC price its time to wake up and play

16 oct

Is it time to resurrect the “old guard”?)

• Crypto investment company Canary Capital has filed an S-1 application with the SEC to register a spot Litecoin-ETF.

Once upon a time, long ago, LTC was called “silver”, of course, after BTC - “gold”, giving more hope and prospects for #LTC than ETH at about the same price of $6-9 per coin :)
And most crypto transactions in those days were made in the #Litecoin network because of its cheapness and reliability, not usdt. At the same time, in 2016-2018, #LTC and #BTC were mined together on ASIC (we don't know how it is now, write in the comments).

👀 BTC ETF - done, ETH ETF - done, LTC ETF is next?
🟢 LTC and BTC have the same cyclicality of halving rewards for a mined block
🟢 #Litecoin is a reliable blockchain that has been tested by time (since 2011)
🟢 SEC regulatory requirements may be very similar to the already passed “thorny path” of BTC ETF
🟢 LTC, like BTC, unlike ETH, has a limited issue
many mined and “virgin” LTC are safely hidden in wallets and are waiting for their time to be sold at a very high price.
🔴 The only and big “minus” we see is the small capitalization of LTC. For a serious conversation with “big money”, you need to create a stir and pump up LTCUSDT price at least 10 times, then the #Litecoin marketcap will be $50+ billion

So, if you believe that LTC ETF will be the next one, it is a good idea to buy #LTC in the range of $60-70 with the prospect of growth to $225 (x3), and ideally to $700+ (x10)
_____________________
Did you like our analysis? Leave a comment, like, and follow to get more