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.
Comentarios:
4hour chart pennant its prbbly on the way for a bounce
Comentarios:
breakout.
