Why I Bought Litecoin @ $123
I purchased Litecoin (LTC) @ $123 after doing a ton of research on why Litecoin could be undervalued.
Even though Litecoin is just a fork of Bitcoin, LTC remains a valuable blockchain asset with a limited fixed supply of only 84 million coins.
Litecoin could really pump if bullish momentum continues towards Q4 2025.
There are 3 main reasons why I decided to buy Litecoin and hold it over the long run:
- Companies adopting LTC as a treasury reserve asset
- Litecoin is cheaper and faster form of digital payments than Bitcoin
- Charlie Lee, the founder of Litecoin, bought a huge stake in MEI Pharma, the world's largest Litecoin treasury company.
Companies Adopting Litecoin as a Treasury Reserve Asset
Bitcoin's massive price surge was immensely helped by Michael Saylor who was the first Wall Street CEO to add BTC to its balance sheet.
The same thing is happening to Litecoin right now. Publicly traded companies are ditching USD for LTC. That's the main reason why I'm so bullish on LTC if Wall Street adopts a Litecoin standard slowly over time.
Companies have access to large pools of capital plus implement a long term HODL strategy for their crypto reserves. This offers Litecoin a massive chance to soar in price due to its low 84 million fixed supply yet higher demand.
Is Litecoin Dead? Of Course Not
Let's be frank: Litecoin is alive and doing quite well. It's gaining market adoption and continues to increase the number of successful transactions over time.
Litecoin isn't dead but just beginning to grow up and mature. The Litecoin Project is only 14 years old and needs time to mature and grow in terms of scale and market cap.
Litecoin Could Be a Good Long Term Investment
If corporations continue adding Litecoin to their balance sheets then LTC would become a great long term investment just like Bitcoin and Ethereum were.
