![images-2.jpeg](https://steemitimages.com/DQmWGGM19to75bJPjboB3V6L54RAtXL9tWYSSAyakV1RE8d/images-2.jpeg)

**I do think one of the reasons why Litecoin only has price of  $41,68 today (1,6% of BTC) is due to a logical fallacy.**

*As we all know from the start Litecoin has been dubbed the silver to Bitcoin’s gold, a supposedly worthy title because of the ‘similarities’ between the two. 
However, gold and silver are not similar at all. They have distinct properties and different uses: Silver is also an industrial metal. 
On average, silver exists at a 17:1 ratio versus gold in the Earth's crust, thus gold is much  more scarce.*

>Technologically, Litecoin has block times of 2.5 minutes - four times faster than Bitcoin - that actually makes a huge difference in terms of practical utility.

>LTC is also more energy-efficient, where BTC is estimated to consume that same amount of energy as Denmark by 2020. 

>Litecoin does not have any scaling issues at present.

**Usually, there is a correlation between scarcity and price. 
With potentially 84 million LTCs rather than 21 million BTCs, Bitcoin is 4 time more scarce than Litecoin. 
One could argue that the price of Bitcoin should be 4 times the price of Litecoin.**

*Gold and silver are the World of Atoms, whereas BTC and LTC are the World of Bits. Certainly, BTC vs. LTC is not scarce in a gold vs. silver sense.*

### Thus, I find no obvious argument why the price of Litecoin is at least $650.



![images-1.jpeg](https://steemitimages.com/DQmfGgqxsoDqYUhRPNVwFP8kUU9KnuwQ58qMmp63nb2mMn3/images-1.jpeg)

# Follow me: **_@janusface_**