Is Litecoin Undervalued?

Litecoin (LTC) is one of the top five cryptocurrencies during the Cryptocurrency bubble of late December 2017 and early January 2018. It was placed in the rank of Bitcoin, Ethereum, XRP, and EOS. LTC has a present value of $95.86 which is close to its 52-week low price of $92.61 after attaining an all-time high price of $412.96 on May 10th, 2021. This is close to a 330% price decrease within a year. Litecoin is presently in the 22nd position in the CoinMarketCap ranking of cryptocurrencies. However, there are some reasons to believe that Litecoin is undervalued. They include: Litecoin’s performance in comparison with other top coins In the past 30 days, the price of Litecoin (LTC) has decreased by 14.7%. Bitcoin, Ethereum, and XRP within the same duration had reduced in price by 17%, 15.9%, and 21.6% respectively. This means that an investor who owns an equal amount of the four coins in United States dollars, has least deduction in his asset value on his Litecoin holding. However, in recent times, the news had always been around Bitcoin, Ethereum, and XRP. Its a history of surviving dips Litecoin is one of the oldest cryptocurrencies still trading. It was founded in 2011 by Charlie Lee that had a stint with Google prior to its creation. According to 99bitcoins news, there are about 1705 dead coins as of April 2022. Deadcoins is a name for cryptocurrencies that are no longer in existence or being traded. With the number of dips...