Is Litecoin Still Undervalued?

in #cryptocurrency7 years ago (edited)

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What is Litecoin?

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Litecoin is a Decentralized and Borderless Cryptocurrency which is based on the Blockchain Technology. It has a max supply of 84 Million and is currently priced at 236 USD/LTC. SO the main reason I think Litecoin is undervalued is that of the fact that it has been advertised as Digital Silver to Bitcoin's Digital Gold. Now that's a flaw right there, People tend to go towards Gold rather than Silver.

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Litecoin's Utility

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Litecoin is crazy fast when compared to Bitcoin, that is because it was designed for High-Frequency Transactions. The network of Litecoin processes blocks every 2.5 Minutes which is about 4 Times faster than Bitcoin which thus allows faster Confirmations of Transactions.
Apart from that Litecoin was the First Cryptocurrency to implement Segregated Witness.
If that was not enough they also tested out the Lightning Network immediately after Seg-Wit.
Plus it's just an added Bonus that the Transaction Fees in Litecoin Network is close to Zero.

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Supply Relationship with Bitcoin

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So similar to Bitcoin there are only a limited number of Litecoins that could ever be created. While Bitcoin is capped at 21 Million Litecoin is capped at 84 Million. So it should be fair to assume that Litecoin should Trade at least a quarter of the Price of Bitcoin.

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Coin Scarcity

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The value of Bitcoin comes from Supply and Demand but the same can be said for Litecoin as only 84 Million coins can be ever Mined. There is a Limited number of Litecoins too.

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Payments System

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So if you go down the road of Payments System in Cryptocurrencies. Its only Litecoin that fills the Bill.
For example, if you buy a Coffee in Starbucks and want to pay in cryptocurrency. How will you Pay?

Bitcoin transaction will be slow

Ethereum network gets clogged all the Time due to several ICO's

Litecoin is the only Option for you.

Now some of you might say DASH could beat Litecoin. But you also have to consider the Low Cap of DASH which does not make it suitable for Payments.

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So these are some of my Reasons for stating that Litecoin is still very undervalued.
What do you guys think about it?
Please write down in the Comments below.
I would Love to hear your Opinion.

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Guys I hope you like this short Post of Mine on Litecoin.
Stay tuned for more Upcoming Posts.
See you Soon.

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I've been increasing it a bit. I agree it's undervalued too.

Yeah keep stacking up the LTC's

I have just had the honest impression since day one that LTC was a more accessible and much faster way of engaging in the crypto world, and that was before I ever really got into the technical aspects of these technologies. Now I can be certain that LTC is head and shoulders above BTC in transaction speed, it's available but not too plentiful, it trades with relative stability, the average person sees a reputable brand and it has a creator and team behind it that are ultra strong in retrospect. LTC is a no brainer to buy and hold for a long time for me and posts like yours confirm the popularity of that belief!

I have been steadily stacking up my LTC from my Steemit earnings. I am really hoping it crosses 1000 USD.

Solid plan. I think there will come a day when LTC hits a grand but it might be a year away... we shall see!! Good luck Litecoin brother!

This post has received a 1.45 % upvote from @boomerang thanks to: @arunava

This post has received a 3.68 % upvote from @aksdwi thanks to: @arunava.

Thank you for this informative post about Litecoin, Really helpful and well written, Thanks for sharing @arunava

Thanks to you to

Great Post :)

Can litecoin can go bigger than bitcoin?

Nope I don't think k it will go bigger than BTC but there is plenty of room for it to Grow

I agree. BTC will be for storing wealth. LTC will be used for everyday transactions.

I must say am a novice wen it comes to all dis metals.i had neva heared of litecoin just bitcoin .Litecoin should be more popular since its valued at 84million while bitcoin is 24 million.tnx for the enlightenment

Yes, by about a 1000%.

If that comes true I will be a Millionaire 😁

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