Why Litecoin Is The Most Undervalued Asset in Crypto
2023年5月17日 - 02:33AM
NEWSBTC
Litecoin momentum is potentially changing, network usage is
skyrocketing, and the cryptocurrency’s halving is ahead. Yet the
asset remains drastically undervalued relative to Bitcoin,
Ethereum, and other factors. Here is a closer look at why Litecoin
could be the most undervalued asset in crypto. LTC Vs BTC Vs ETH
Compared Litecoin was once a top ten or higher cryptocurrency that
has since fallen from that lofty pedestal. A nine-month-long
up-only bull run and more than 10,000% ROI left the coin ranging
for going on its fifth full year. Unlike other top coins like
Bitcoin and Ethereum, LTC never made dramatic new all-time highs in
2021. On some exchanges, the record high is still set for 2017.
After the 2017 bull market peak, Litecoin has lagged behind the two
largest coins by market cap. Related Reading: Why Litecoin Could Be
Gearing Up For Its Greatest Rally Since 2017 But this is common in
the final stages of a bull market, after which Litecoin wildly
outperforms both BTC and ETH in a flash. That sort of situation
could return, according to the charts below, starting with the
below comparison of LTC versus Bitcoin and Ether. LTC is
drastically underperforming BTC and ETH | LTCUSD on TradingView.com
Crypto Market Moment Ready To Change Another sign that LTC is due
to outperform the market can be found in the one-month LMACD
crossing bullish. The signal is at least a two months ahead of
Bitcoin and Ether and suggests a larger move in Litecoin first.
According to Investopedia, momentum “refers to the inertia of a
price trend to continue either rising or falling for a particular
length of time.” The LMACD is a momentum measuring tool, and it
could be indicating that Litecoin’s inertia just made a major swing
in the positive direction. The LMACD has crossed bullish on only
one of these charts | LTCUSD on TradingView.com Litecoin Elliott
Wave And The Final Advance Litecoin technicals, according to
Elliott Wave Principle, could also point to much higher prices. The
current wave count and Fibonacci retracement levels are
characteristic of an expanding diagonal pattern. Related Reading:
Bitcoin Price Double Fractal Points To “Extended” Parabolic Rally
These patterns appear at the beginning or the end of a motive wave.
Considering the larger wave count, this would suggest an ending
expanding diagonal and perhaps the last major rally in Litecoin in
some time. Is this an ending diagonal pattern? | LTCUSD on
TradingView.com LTC Fundamentals Support Soaring Higher Finally,
LTC transactions are currently skyrocketing. From a fundamental
perspective, this is as bullish as it gets for any cryptocurrency.
Litecoin is benefiting from an explosion of ordinals on the LTC-20
standard, congestion on Bitcoin and Ethereum, and more. Network
transactions are off the charts | LTCUSD on TradingView.com
Essentially, the Litecoin ecosystem is booming again. When network
usage skyrockets, LTCUSD spikes in price. We also have yet to
mention Litecoin’s halving, which is less than 80 days away. A mega
thread 🧵on why I am more bullish on #Litecoin than any other asset
in the space starting with what I believe is cyclical perfection
using Hurst Cyclical theory Internal 1/3 harmonics match up with a
larger cycle, which also has 1/3 harmonics I see the grand finale
next pic.twitter.com/cAh5CrnlUZ — Tony "The Bull" (@tonythebullBTC)
May 16, 2023 Tony is the author of the CoinChartist (VIP)
newsletter. Follow @TonyTheBullBTC & @coinchartist_io on
Twitter. Or join the TonyTradesBTC Telegram for exclusive
daily market insights and technical analysis education. Please
note: Content is educational and should not be considered
investment advice. Featured image from iStockPhoto, Charts from
TradingView.com
Litecoin (COIN:LTCUSD)
過去 株価チャート
から 2 2024 まで 3 2024
Litecoin (COIN:LTCUSD)
過去 株価チャート
から 3 2023 まで 3 2024