Litecoin Is Undervalued, Onchain Indicator Suggests
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If history is a guide, the path of least resistance appears to be on the higher side. That said, litecoin and the broader crypto market remain vulnerable to adverse macroeconomic developments like liquidity tightening and the state of the global economy. The post Litecoin Is Undervalued, Onchain Indicator Suggests appeared first on BitcoinLinux.
The price of Litecoin has been somewhat indecisive this year, and the past week is a prime example of this disappointing trend. While the world’s largest cryptocurrency, Bitcoin, reached a new all-time high, LTC failed to capitalize on the injection of bullish momentum into the crypto market. However, a prominent…
Data shows that Litecoin has seen a rapid surge in active addresses, making the asset the most used in the sector, compared to Bitcoin and Ethereum. Litecoin Has More Than Doubled Its Active Addresses This Month According to data from the on-chain analytics firm Santiment, the Daily Active Addresses have…