Most Undervalued Large-Cap Coin
LTC is probably the most undervalued coin at the moment.
1) The halving event occurred in August 2023. The fact that the price is trading 20% below the halving price, despite BTC making yearly highs, is a joke.
2) The price is at the level of January 1, 2023. Now, almost at the end of 2023, the fundamental conditions are in no way similar to what they were at the end of 2022. Interest rates have stabilized, BTC is rallying, and a BTC halving is around the corner. There's no reason the price should be at the yearly lows given the current scenario.
3) The capitulation event already occurred after the halving on August 17, 2023. Easy liquidity has already been captured.
4) The supply shock from halving is an additional bonus; even without it, LTC's price is pretty undervalued.
5) The price should easily recapture the $100 mark level before the year's end at least.
1) The halving event occurred in August 2023. The fact that the price is trading 20% below the halving price, despite BTC making yearly highs, is a joke.
2) The price is at the level of January 1, 2023. Now, almost at the end of 2023, the fundamental conditions are in no way similar to what they were at the end of 2022. Interest rates have stabilized, BTC is rallying, and a BTC halving is around the corner. There's no reason the price should be at the yearly lows given the current scenario.
3) The capitulation event already occurred after the halving on August 17, 2023. Easy liquidity has already been captured.
4) The supply shock from halving is an additional bonus; even without it, LTC's price is pretty undervalued.
5) The price should easily recapture the $100 mark level before the year's end at least.