Litecoin has been going down pretty hard since Feb of this year due to the market downturn and the debacle that was litepay. It now sits just above $55 and is heavily influenced, like all other cryptos, by the price of Bitcoin. I assume for this prediction that Bitcoin will reach around $12,500 by the end of the year due to a strong fourth quarter. This could be subject to change if the SEC reverses its course and decides to approve the ETF this Thursday. I expect Litecoin to be at about $150 if Bitcoin achieves my target of $12,500 at the end of the year. I believe last time Bitcoin was around $12,500, Litecoin was actually around $200, but I do not think it will go that high this time because at that time people were getting excited about Litepay, which turned out to be a total flop and now no longer really exists. I don’t think Litecoin has fully recovered from that yet and will have the same ratio to Bitcoin it had last time Bitcoin was at $12,500. I do expect it to recover in the future though, with the rest of the broader market.
