Why Litecoin is undervalued?
The Lightning Network
Litecoin was modelled after Bitcoin as it with improved technolog. For example it is 4 times than of Bitcoin 21 million versus 84 million lightcoins. Litecoin was meant to be used for faster transactions known as the lightning network. Lite coin blocks are generated more efficiently, which makes it easier for a transaction to be processed more quickly then other currencies.
Check recent post lightning network. ..
Market Cap $16 billion
It is very hard to distinguish between different currencies and tokens available today there are more than 1300 different currencies listed on coinmarket today. Most people are familiar with big names like Bitcoin Ethereum Ripple etc. Litecoin has more than 13 billion dollars of market capital since January 2018 reached to $16 billion at this time. Its performance was quite well compared to many other currencies in the market.
Source;Coinmarketcap.com
Still Undervalued
Despite its popularity many people believe that it hasn't quite yet achieved the appreciation it deserves it is undervalued. Lite lcoin hasn't reached its true potential yet compared to its other competitors Bitcoin , Ethereum , etc. Maybe the main reason behind that is many people doesn't really know what Litecoin is and how it does differentiate itself from its competitors.
Here is for hoping that 4 LTC = 1 BTC!
Fingers crossed P;)
What is your long term price target?
I belive it should break through the roof , I am hoping for similar reaction to bitcoin.
LTC is certainly undervalued so now is the best time to pick up some more. 2018 will be a soaring year for LTC...
Well said . . . buy , buy , and buy while you can....
I had no clue that there were 1300 different currencies on the markets today; that is absolutely amazing! I invested a little into Litecoin a while back, but didn't know much about it. It's nice to hear that it is faster and looks like the value will only increase!