I always think about this question. I think Litecoin is basically digital silver. The relationship between Bitcoin and Litecoin is very similar to the relationship between Gold and Silver.
Typically, I like to refer to Crypto as an asset rather than a currency, but Litecoin I call a currency. If you were to use a precious metal for day-to-day trade it is likely that you would use Silver instead of Gold. Mostly because they have the same attributes that make them a good store of value. The difference is the value each one holds. If you lose an ounce of Silver, it won’t be as bad as losing an ounce of Gold.
I believe in the future, we will use Litecoin in the same way. To make a transaction it takes less energy with Litecoin then it does Bitcoin. Also, Litecoin is one of the most used Crypto Currencies out there. Almost every place that accepts Bitcoin as a form of payment also accepts Litecoin.
I also believe that the value of Silver to Gold will change significantly. I am speculating that the ratio may go to 1 to 5 or 1 to 4 Silver to Gold (for example, if 1 ounce of silver is $100, then 1 ounce of Gold would be $400 or $500).
I think Litecoin will mirror the Silver to Gold value change. Time will tell what happens.
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