Why Litecoin Is The Most Undervalued Asset in Crypto

Litecoin momentum is doubtlessly altering, community utilization is skyrocketing, and the cryptocurrency’s halving is forward.

But the asset stays drastically undervalued relative to Bitcoin, Ethereum, and different elements. Here’s a nearer take a look at why Litecoin could possibly be essentially the most undervalued asset in crypto.

LTC Vs BTC Vs ETH In contrast

Litecoin was as soon as a high ten or larger cryptocurrency that has since fallen from that lofty pedestal. A nine-month-long up-only bull run and greater than 10,000% ROI left the coin ranging for occurring its fifth full yr.

In contrast to different high cash like Bitcoin and Ethereum, LTC by no means made dramatic new all-time highs in 2021. On some exchanges, the report excessive continues to be set for 2017. After the 2017 bull market peak, Litecoin has lagged behind the 2 largest cash by market cap.

However that is widespread within the closing phases of a bull market, after which Litecoin wildly outperforms each BTC and ETH in a flash. That type of state of affairs might return, in line with the charts beneath, beginning with the beneath comparability of LTC versus Bitcoin and Ether.

LTC is drastically underperforming BTC and ETH | LTCUSD on TradingView.com

Crypto Market Second Prepared To Change

One other signal that LTC is because of outperform the market could be discovered within the one-month LMACD crossing bullish. The sign is a minimum of a two months forward of Bitcoin and Ether and suggests a bigger transfer in Litecoin first.

Based on Investopedia, momentum “refers back to the inertia of a worth development to proceed both rising or falling for a specific size of time.” The LMACD is a momentum measuring instrument, and it could possibly be indicating that Litecoin’s inertia simply made a serious swing within the constructive route.

The LMACD has crossed bullish on solely one in every of these charts | LTCUSD on TradingView.com

Litecoin Elliott Wave And The Last Advance

Litecoin technicals, in line with Elliott Wave Precept, might additionally level to a lot larger costs. The present wave depend and Fibonacci retracement ranges are attribute of an increasing diagonal sample.

These patterns seem firstly or the top of a motive wave. Contemplating the bigger wave depend, this might counsel an ending increasing diagonal and maybe the final main rally in Litecoin in a while.

Is that this an ending diagonal sample? | LTCUSD on TradingView.com

LTC Fundamentals Assist Hovering Greater

Lastly, LTC transactions are presently skyrocketing. From a basic perspective, that is as bullish because it will get for any cryptocurrency. Litecoin is benefiting from an explosion of ordinals on the LTC-20 customary, congestion on Bitcoin and Ethereum, and extra.

Community transactions are off the charts | LTCUSD on TradingView.com

Primarily, the Litecoin ecosystem is booming once more. When community utilization skyrockets, LTCUSD spikes in worth. We even have but to say Litecoin’s halving, which is lower than 80 days away.

A mega thread 🧵on why I’m extra bullish on #Litecoin than some other asset within the area beginning with what I imagine is cyclical perfection utilizing Hurst Cyclical principle

Inside 1/3 harmonics match up with a bigger cycle, which additionally has 1/3 harmonics

I see the grand finale subsequent pic.twitter.com/cAh5CrnlUZ

— Tony “The Bull” (@tonythebullBTC) Could 16, 2023