Hey,
i am litecoin lover , and i have been holding some litecoins.
from past few months.
i could mine them also...
recently, because the difficulty increased. reward for 1 GHs dropped from almost 2 LTC/day to
arround 1.3 LTC per day.. this means, that now miners are getting less reward from their mining power.
this also necessarily means. that people who have stake in it. with big investments
they will want its price to go higher, otherwise.
as if difficulty increases more and more. it would not be profitable. to mine them.
only one way to keep this thing going. that will be people who have stake in it. they pump it.
to the level. where it becomes profitable for them to mine them. and keep the system going.
this is just my analysis, i can be wrong.
but still its undervalue. and i posted that before also..
if you compare it with bitcoin, supply/demand, and other things..
you would think just like me, you would believe that its value must be atleast 450$/coin
i suggest it will reach the price tag. within 6 months or so.
share your thoughts on it
regards
