First, Litecoin has a lifetime cap of 84 million coins, which is four times higher than the total number of Bitcoins that can be mined . This means that as demand increases, there will be a larger supply of Litecoins to meet it, at least initially.
Read moreIs Litecoin worth 1000?
Nebraskan Gooner, the founder of Elevate Trading, announced on May 5, 2021, that he believes that Litecoin will eventually get to the $1,000 mark and can potentially even get up to $1,500. Coin Bureau also reported that the cryptocurrency could hit the $1,000 mark by the end of the current bull market.
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