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Litecoin's Selling at a Discount, Says eToro

Published 08/18/2018, 06:11 PM
Updated 08/18/2018, 07:20 PM
 Litecoin's Selling at a Discount, Says eToro

According to its latest market analysis of Litecoin, eToro concludes that the cryptocurrency is selling a lot cheaper than what it would be worth given the current market, going as far as to say that LTC is priced at “a massive discount.”

“According to the metrics we have analysed below, the current price that LTC is trading at could be seen as a massive discount to what it should be worth,”

the analysis said.

eToro’s reasoning behind this conclusion is that Litecoin, despite being in the same market as Bitcoin, doesn’t compete with it and instead chooses to distinguish itself as a different type of asset. It’s ligh...


This article appeared first on Cryptovest

Latest comments

Totally agree. LTC is undervalued because itu0027s newer and because of all Charlie Leeu0027s ridiculous tweets. BTC formula but tweeked to be faster for payments. Already widely accepted, so wonu0027t be going anywhere unless BTC tanks. BTC is a great store of value and LTC is great for payments. When more Americans begin catching on to Crypto LTC
eToro Shilling LTC?
Shilling?
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