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RE: Bitcoin $2500 ----Litecoin Severely Undervalued? ----My Analysis
No. But I might agree that it could be a good value pickup.
While litecoin has some things going for it.
- segwit activation
- less resistantce in development
- inevitable btc hardfork for BTC
- 2nd most stable crypto behind btc
You can't simply divide btc by some number and assume it's undervalued. You need to look at utility, stability, and innovation. BTC & ETH have had the edge in these areas.
As it stands now LTC is going to be poised with an opportunity to gain. With BTC inevitabley hardforking making BTC less stable and value split between 2 different coins. So it may be a good coin to buy and hold for a few months.
I agree choosing lesser known cryptocurrencey will be more prosperous than bitcoin and will be looking at investing in litecoin and ripple
@danielzandberg great on Litecoin, Ripply ehhhh just know that the banks own 70% of the outstanding coins, making it very centralized.
@tkntobfrk - its not just some number, its real math. As Bitcoin prices out the little guy, which there are more poor people that can afford a $30 coin vs a $2500 coin and are looking for growth, you must look at Litecoin. From your perspective of utility, stability, and innovation; Litecoin has a strong track record in all 3 categories and surpasses Bitcoin in those categories arguably. But thats what makes a market, opinion and speculation. Its wise to zoom out and look at the fundamentals, its the same technology, algorithm, a copy of bitcoin with a slight change in supply. Litecoin activated segwit which already makes it more innovative than Bitcoin. You will see, as the bitcoin market prices out the little guy, Litecoin is going to look more appealing.
Also in some news - BitStamp will be launching LTC in UK sometime in June. Fidelity will be adding all 3 - Bitcoin, Ethereum, and Litecoin to their web platform, to give their users access to these investments in the Q3 2017.
BETWEEN ALL 3 - Litecoin is the winner when considering price to value.
Thank you for your comment. Im sure there are many that share your opinion. But I strongly believe this coin can absolutely double from where its at now.