Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»ALTCOIN NEWS»Mapping If Litecoin Is Actually Undervalued Currently
ALTCOIN NEWS

Mapping If Litecoin Is Actually Undervalued Currently

By Crypto FlexsDecember 13, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Mapping If Litecoin Is Actually Undervalued Currently
Share
Facebook Twitter LinkedIn Pinterest Email

reporter

Posted on: December 13, 2023


  • After a brief correction, LTC rose slightly over the next 24 hours.
  • While the mining sector thrived, market indicators were weak.

After rising to nearly $80, Litecoin (LTC) registered Price adjustment due to bear market. While that happens, should investors believe that Litecoin is actually undervalued even after the price correction?

Is Litecoin Undervalued?

For Litecoin, the past week has been difficult with the price dropping significantly on the charts. According to CoinMarketCap, the daily chart of LTC is in the green, with the cryptocurrency up 1.5% in 24 hours. At the time of this writing, it was trading at $73.16, with a market capitalization of over $5.4 billion.

Given the ongoing price correction, what should investors expect? LTC To be undervalued? To evaluate this, AMBCrypto dug deeper and identified the preliminary risks of LTC. First of all, if confidence is low and prices are high, neither the risk nor the reward is attractive at the time (high reserve risk). Likewise, Litecoin’s reserve risk has been trending upward on the charts. This is a sign that Litecoin is overvalued.

Source: Glassnode

Conversely, renowned Litecoin analyst Shan Belew suggested that LTC is undervalued. According to him, as long as the price of LTC is below the white line (as seen in the tweet), LTC will remain undervalued.

Litecoin below the white line is undervalued. pic.twitter.com/RrFx9gUgpD

— Shan Bellew Ⓜ️🕸 (@MASTERBTCLTC) December 11, 2023

What to Expect in the Future

AMBCrypto also looked at LTC’s social metrics to better understand investor sentiment. Likewise, LTCIts popularity has declined, as evidenced by its decline in social volume. Weighted sentiment also fell last week, meaning negative sentiment dominated the market.

Source: Santiment

We then looked at the daily charts of the blockchain to see what investors can expect from LTC and to better understand whether LTC is undervalued.

At press time, Litecoin’s MACD was forecasting a possible bearish crossover in the near term. both LTCThe Money Flow Index (MFI) and Chaikin Money Low (CMF) recorded a downward trend, raising the possibility of future price declines.

Source: TradingView


how much? Currently worth 1,10,100 LTC


a thriving mining industry

The mining industry grew as cryptocurrency prices experienced a period of volatility. This is evidenced by the fact that the hashrate recorded an upward trend after a decline on December 4th.

At press time, LTC’s hashrate was 859.48TH/s. Similar to hashrate, Coinwarz’s data Litecoin’s mining difficulty also appeared to remain relatively high, flashing at 28.62M.

Source: Coin Wars

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025

The merchant said the parabolic Sui Rally predicted it as New Highs, and the recent $ 223,000 DEX HACK has a ‘amazing opportunity’.

June 12, 2025

Ether Lee Rium derivatives just overturned Bitcoin -ETH can see a large -scale year -end rally?

June 11, 2025
Add A Comment

Comments are closed.

Recent Posts

How to claim vault12 promotional code for Android and iOS

June 13, 2025

How Locals Went From Ordinary People To Billionaires, And You Can Do It Too!

June 13, 2025

Seize The Opportunity! Fans Hash Is Giving Away $500 For A Limited Time To Help You Easily Unlock Crypto Wealth And Open A New Chapter Of Wealth.

June 13, 2025

Portfolio construction for Q3: The reason for combining chainlink (link) and pol (EX-MATIC) can be a victory strategy.

June 13, 2025

Polemos Announces TGE And A Game-Changing Strategic Partnership With BUFF Accelerating Web3 Adoption

June 12, 2025

​Bitpanda Opens The Gate To Web3 With Vision (VSN)

June 12, 2025

New USDT/USDC Stablecoin Mining Platform Launches — Secure, Flexible, And High-Yield DeFi Opportunity

June 12, 2025

SEC Approves Ethereum ETF, Will XRP And DOGE Be The Next Tipping Point? Is Cloud Computing The Next Investment Holy Grail?

June 12, 2025

Bank of America’s eyes among the Senate’s fast tracking genius acts

June 12, 2025

Ether Leeum Whale starts a $ 11 million leverage betting in the 30% increase in ETH prices.

June 12, 2025

Ether surpasses Bitcoin in May. ETH derivatives volume surpasses BTC in OKX.

June 12, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

How to claim vault12 promotional code for Android and iOS

June 13, 2025

How Locals Went From Ordinary People To Billionaires, And You Can Do It Too!

June 13, 2025

Seize The Opportunity! Fans Hash Is Giving Away $500 For A Limited Time To Help You Easily Unlock Crypto Wealth And Open A New Chapter Of Wealth.

June 13, 2025
Most Popular

DeFi project NebulaStride (NST) reveals pre-sale and growth plans

December 9, 2024

Trump plunges into Bitcoin ordinal as NFT ambitions falter

January 19, 2024

Analysis of first 100000 blocks

May 1, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.