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HomeCrypto NewsMarketBitboy Team Forecasts a 490% Surge for Litecoin (LTC)

Bitboy Team Forecasts a 490% Surge for Litecoin (LTC)

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Based on market capitalization and supply analysis, Bitboy’s team predicts Litecoin (LTC) could surge to $500 to $540 in the upcoming bull market.

Yet again, the prominent crypto influencer Ben Armstrong, also known as Bitboy, and his market analysts have made price predictions for Litecoin (LTC) in the upcoming bull market.

Ajwritescrypto, a team member in the Bitboy Youtube channel, asserted that while Litecoin may not be the go-to choice for new crypto enthusiasts exploring meme coins and leverage trading, it still commands the attention of long-time investors.

Considering Litecoin’s current price of $91 and a circulating supply of 72.9 million out of a total of 84 million tokens, Ajwritescrypto estimated that around 76.4 million Litecoins would be in circulation by November 2025.

The analyst used a simple equation of price equals market cap divided by circulating supply to predict Litecoin’s future price, presenting two scenarios. The first scenario projected a $48.28 billion market cap, resulting in a $631 Litecoin. This would mark an increase of 588% from the current price.

Analyzing price charts, Ajwritescrypto suggested a $517 for Litecoin in the second scenario, requiring a $39.5 billion market cap. This second forecast represents a less ambitious 464% rise from Litecoin’s current value.

While acknowledging the possibility of Litecoin reaching new highs, Ajwritescrypto also highlighted the coin’s gradual loss of momentum over time, indicating that LTC has not been making the news like other tokens. 

Ultimately, the Bitboy crypto team expressed optimism that Litecoin could surpass its previous all-time high during the next bull run with a price range of $500 to $540 as a prediction for LTC’s peak value. This marks a 490% surge.

Notably, this is not the first time Bitboy and his team have released a detailed prediction about a coin. Last week, the crypto influencer envisioned three scenarios for Cardano (ADA)’s future price, which featured how many Cardano tokens an investor needed to hold to be an ADA millionaire.

Before that, Armstrong argued that crypto investors need to hold 150,000 XRP tokens to rake in $1 million on their XRP investments in the future. This put his XRP price prediction at $6.7 in the foreseeable future.

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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

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Mark Brennan
Mark Brennanhttps://thecryptobasic.com/
Mark Brennan has been active in the cryptocurrency sector since 2014. His love and passion for the nascent industry drove him to develop interest in writing about important developments and updates about cryptocurrencies and blockchain. Brennan, who holds a Masters degree in Business Administration, learned about the potential of blockchain technology. Aside from crypto journalism, Brennan runs an education center, where he educates people about the asset class.

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