LTCUSD undervalued (also daily pennant pattern)
litecoin is one of the oldest and prbbly of the undervalued coins in the market.
Litecoin currently has a market value of $ 3.3 billion versus $ 120 billion for Bitcoin. 4x more supply , 4x faster block confirmation, easier to implement new tech.( lightening network and atomic swaps.)
The BTC / LTC ratio started at 0.005 early this year and is currently 0.008 while we have already seen a peak of 0.02. In the past there were even peaks of up to 0.03 and 0.04.
If we accept 1 to 4 ratio , Litecoin should rise above $ 1,750 for a price above $ 7,000 for Bitcoin.
If the BTC / LTC ratio rises to 0.02 something that was normal in the early days, this means an increase of $ 140.
Based on these points, you could say that Litecoin is undervalued at the moment. its a matter of time when ltc might be the fomo machine of the year.
Litecoin currently has a market value of $ 3.3 billion versus $ 120 billion for Bitcoin. 4x more supply , 4x faster block confirmation, easier to implement new tech.( lightening network and atomic swaps.)
The BTC / LTC ratio started at 0.005 early this year and is currently 0.008 while we have already seen a peak of 0.02. In the past there were even peaks of up to 0.03 and 0.04.
If we accept 1 to 4 ratio , Litecoin should rise above $ 1,750 for a price above $ 7,000 for Bitcoin.
If the BTC / LTC ratio rises to 0.02 something that was normal in the early days, this means an increase of $ 140.
Based on these points, you could say that Litecoin is undervalued at the moment. its a matter of time when ltc might be the fomo machine of the year.
הערה
4hour chart pennant its prbbly on the way for a bounceהערה
breakout.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.