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2021 Litecoin Prediction (Top Crypto Project Set For HUGE GAINS) - YouTube
Channel: BitBoy Crypto
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the 2017 bull run was led by bitcoin
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but the last bitcoin cycle was the first
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where we had a ton of altcoins in the
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mix
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and some of those all coins absolutely
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crushed it
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coins such as ethereum and xrp
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steamrolled the competition
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became very well known in the crypto
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space but there was another coin
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many people believe actually brought on
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the first ever altcoin season
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the question is can this coin do it
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again
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today we're talking about litecoin and
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why it could be one of the biggest
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players in crypto
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for this bull market again let's get it
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bid swap is the hottest new way to trade
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bitswap is changing the game try it now
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at bitswapdex.io
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welcome to bitboy crypto my name is ben
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every day on this channel i show you how
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to make money in cryptocurrency
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if you like money and crypto make sure
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to go ahead and hit that subscribe
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button
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also if you guys want to trade litecoin
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cardano v chain and others
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make sure to check out binance us the
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site has a much bigger selection than
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coinbase
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and cheaper fees visit
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binance.bitboy.live to check it out
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in this video we're going to be
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discussing the prospects for
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litecoin in this bull market cycle and
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at the end of this video
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i'm going to be giving you my 2021 price
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prediction for litecoin
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so make sure to stick around until the
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very end
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and also guys it's come to my attention
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that the like button is not being
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pressed
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show it some love and thumbs up this
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video if you like litecoin
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and get some value out of what i say in
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this video
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so i know a lot of people are new to the
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channel we've grown over 30
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000 subs just in the new year i'm smart
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enough to know
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many of these newer people to the
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channel are not hardened and seasoned
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crypto veterans
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better known as ogs but the g stands for
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geek instead of gangsta i believe it is
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vitally important for me to educate my
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audience
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new and old alike on the history of the
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last bull run
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because it's very relevant to what
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happens today many coins weren't even
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around then that we look at now
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but for those that were it tells us a
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great story that we can make conclusions
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off of
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that helps us make more educated
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investments litecoin is a project that
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is frankly
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one of the oldest out there created in
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october of 2011
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by former google and coinbase employee
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charlie lee
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litecoin is a source code fork from
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bitcoin it's not a hard fork like
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bitcoin cash
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or even a soft fork it's a fork of the
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code
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so think about a souped-up version of
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bitcoin
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this is why it has been referred to as
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the silver to bitcoin's gold
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but it does hold one key attribute btc
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doesn't litecoin has speed
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litecoin is much faster than bitcoin in
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every way
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but during the earliest days in crypto
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the only altcoins were basically jokes
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and meme coins
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utility wasn't even a discussion out of
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virtual all the earliest altcoins
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litecoin is the only one that remains
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and during its time
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it has been the most consistent altcoin
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out there outside of ethereum
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but litecoin has done it longer three
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years longer in fact
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while the top 10 cryptocurrencies change
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every year by an average of four to six
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interchangeable coins
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likewise managed to stay in the top ten
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virtually its whole existence
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earlier this year it briefly slipped out
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we went right back up
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after the paypal news which is huge and
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we're gonna get to that in a moment but
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to understand that context
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we have to catch you up to speed what
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occurred during 2017 that propelled
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litecoin
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into one of the most explosive coins
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during the last full cycle
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on may 3rd of 2017 coinbase announced
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support for litecoin
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basically getting listed now you young
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crypto hippies don't understand how bad
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we had it back in 2017.
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today coinbase releases an article
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seemingly every month or so announcing
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several coin listings or potential
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listings for instance
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the graph or grt was just put on last
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month
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and the price went up 300 percent in a
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day but at the time coinbase listed
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litecoin
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it only had two other coins bitcoin and
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ethereum
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that was it the struggle was real you
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can see here on litecoin's chart
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that in may once the listing was
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announced the project enjoyed a steady
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price increase
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then in december when the true parabolic
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movement of altcoin season occurred
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litecoin shot straight up hitting about
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350
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at its peak right now it's less than
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half of that
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even as bitcoin has moved well beyond
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its all-time highs and ethereum is
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getting ready to eclipse its all-time
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highs as well
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but litecoin has a lot of room to go and
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you know
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we love to fill some gaps on this
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channel and there's a big gap between
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the current ltc price
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and that all-time high price bitcoin and
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ethereum alone can carry litecoin to
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all-time highs
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in 2017 the coinbase listing and that
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leg up on the competition
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gave ltc the spotlight and attention it
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needed to go parabolic
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it was simply one of the easiest coins
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for retail investors to buy
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as coinbase was it still is the go-to
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app for us investors
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but litecoin has lost that advantage
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or has it and i'm going to be honest
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with you guys i had gone
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very bearish on litecoin coming into
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this bull market
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a lot of new projects are just straight
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up sexy have pump
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of mental screaming at me but litecoin
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is like that girl you dated in high
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school well
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at least those of you who could get one
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before the last two months
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she was kind of boring she didn't drink
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didn't smoke she definitely wasn't easy
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when you were 18 or at least if you were
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like i was at that time
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that sounded boring as crap you would
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have dated her
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just long enough to realize you weren't
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going to be able to wreck her morals
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but as a grown man with a family that's
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just the kind of woman that you want
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right now you may be saying nah i'll
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stick with the floozy i'm with
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but you see when you mature you start to
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see the sexy and boring
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the sexy inconsistency the sexy
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insecurity
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lycoin was boring as crap over the bear
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market but guess what so is ethereum
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as bullish as i am on ethereum now 2018
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through most of 2019
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i actually thought the flaws of ethereum
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would cause them to get passed by now
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but i was wrong i didn't take the size
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of the community
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the skill of their developers or the
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massive head start they had into
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consideration
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now i feel silly forever believing that
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tron or eos or even iost
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would have a chance to surpass ethereum
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it sounds asinine right
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now but all through 2019 and even
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especially 2020
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litecoin has been there consistent even
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with little fanfare
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it still managed to hang with the likes
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of cardano bnb and chain link
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besting them out to be the number five
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current cryptocurrency and briefly this
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week
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the number four crypto is it flipping
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xrp on the chart
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and i expect xrp to continue to fall in
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the rankings i just don't believe
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until the sec lawsuit is over that it
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can get the huge pumps that it needs in
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order to maintain its ranking
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litecoin has this little knack for doing
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just enough to stay in the top 10.
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one reason i saw litecoin not having a
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tremendous bull market
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is that in my opinion it had lost the
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thing that made it great in 2017.
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the first mover advantage over other
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altcoins outside of ethereum
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due to the early coinbase listing but
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then
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we got the paypal news and it was
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enormous for ltc
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at that point in time it just so
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happened the litecoin at that rare drop
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outside the top 10 on coin market cap
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then paypal announced that it would be
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offering support for the same four
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initial coins that coinbase supported
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btc eth bch that's right
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litecoin to me this was a signal that
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the professional side of crypto and
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finance
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respects litecoin doesn't expect it to
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ever be classified as a security
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and feels it is relevant enough for
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investors to want to buy it on the
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digital payment providers platform
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and that 350 million person advantage
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paypal has over other exchanges
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it's not a small thing for the price of
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assets to rise
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people have to have access to buy them
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in mass
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will this paypal listing provide the
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same type of advantage
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the coinbase listing in 2017 provided
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litecoin with
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and i believe that it will but i started
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realizing
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this could even signal an even bigger
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bull sign for litecoin
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i alluded to a third coin institutional
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investors will move on
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if you missed my institutional fomo
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video make sure to check it out by
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clicking the link above
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but i spent a lot of time thinking about
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what coin institutions could fomo into
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after bitcoin and ethereum
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my initial thought honestly was litecoin
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but then my grandpa called me he said
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son because you know he always calls me
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something anyways
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he said son what is this litecoin i was
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just watching the business channel and
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they were talking about ethereum
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and litecoin and that's when it hit me
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remember
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and say it with me boring is sexy
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institutions don't want coins that can
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be sued by the sec they want
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known commodities and compared to the
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rest of the altcoin market
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litecoin is light years ahead of most of
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them
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and i believe that this could lead
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litecoin to the top of the markets again
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i can tell you this i'm buying litecoin
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right now
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just did it today it's fun to try to
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pick the next coins to reach new
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all-time highs we nailed it with bitcoin
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and we believe we're gonna nail it with
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ethereum if not by the time this video
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is released
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litecoin is so far away from its
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all-time high that it could be the best
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short-term opportunity out there
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but what about long-term over the rest
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of the bull market
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i originally had stated i believe
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litecoin would be able to reach about
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one thousand dollars per coin
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but with the super bullish action we've
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seen combined with the factors mentioned
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in this video
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my official litecoin prediction is 2 400
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per coin that's about a 15x from here
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but only about an
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8x from its previous all-time high which
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is totally obtainable
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but if institutions really get a hold of
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ltc then watch out
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because it could go even higher but let
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me know what you think about litecoin
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and drop some suggestions
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on which other coins you want to see
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price predictions for
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that's all i got be blessed way out
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you
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