If Gold is at $1869 and silver is at $22.34, then Gold is worth roughly 82 times more than silver.
Now I recall Charlie Lee stating, “LTC of lite coin is the silver to BTC/bitcoin’s gold”. Hopefully these values transfer to reality. If LTC is 1/82 of BTC, that would mean that LTC is heavily undervalued at $44.9 and should be right around the range of $116 to match reality. Hopefully it moons this summer and makes a lot of LTC investors happy.
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Typically during LTC highs we see a BTC/LTC ratio of 0.03 and sightly higher of around 0.045, so if that’s what’s happening now, LTC will be a lot higher than $116 IMO.
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I hope the price of LTC goes up
LTC/down czy w to warto zainwestować???