Flow

Litecoin

MN Coin

<ul> 
 <li>After a brief correction, LTC climbed marginally over a 24-hour period</li> 
 <li style="font-weight: 400;">Market indicators looked bearish while the mining sector thrived&nbsp;</li> 
</ul> 
After climbing close to the $80-mark, <a href="https://ambcrypto.com/search/litecoin" target="_blank" rel="noopener" data-wpel-link="internal">Litecoin [LTC]</a> registered a price correction, one which can be attributed to the bearish market. While that happened, should investors believe that Litecoin is actually undervalued even after the price correction?&nbsp; 
<h3 id="b-is-litecoin-undervalued-b">Is Litecoin undervalued?</h3> 
For Litecoin, the previous week was difficult as it saw a major drop in price on the charts. According to <a href="https://coinmarketcap.com/currencies/litecoin/" target="_blank" rel="noopener nofollow external noreferrer" data-wpel-link="external">CoinMarketCap</a>, LTC’s daily chart was green, with the crypto appreciating by 1.5% in 24 hours. At the time of writing, it was trading at $73.16 with a market capitalization of over $5.4 billion. 
Considering the ongoing price correction, should investors expect <a href="https://ambcrypto.com/chatgpt-litecoin-price-prediction-33/" target="_blank" rel="noopener" data-wpel-link="internal">LTC</a> to be undervalued? To assess the same, AMBCrypto dug deeper and checked LTC’s reserve risk. For starters, when confidence is low and price is high, then risk or reward is unattractive at that time (reserve risk is high). As per the same, Litecoin’s reserve risk registered an uptick on the charts – A sign that it was overvalued. 
<div id="attachment_358424" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/glassnode-studio_litecoin-reserve-risk.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-358424" decoding="async" class="wp-image-358424 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/glassnode-studio_litecoin-reserve-risk.png" alt="" width="1800" height="1013" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/glassnode-studio_litecoin-reserve-risk.png 1800w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/glassnode-studio_litecoin-reserve-risk-300x169.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/glassnode-studio_litecoin-reserve-risk-1024x576.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/glassnode-studio_litecoin-reserve-risk-768x432.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/glassnode-studio_litecoin-reserve-risk-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px"></a>
 Source: Glassnode
</div> 
On the contrary, Shan Belew, a popular Litecoin analyst, suggested that LTC was undervalued. According to him, as long as LTC’s price remains under the white lines (as visible in the tweet), LTC will remain undervalued. 
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"> 
 Litecoin under the white lines is undervalued. <a href="https://t.co/RrFx9gUgpD" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">pic.twitter.com/RrFx9gUgpD</a> 
 — Shan Belew <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/24c2.png" alt="Ⓜ" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f578.png" alt="🕸" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@MASTERBTCLTC) <a href="https://twitter.com/MASTERBTCLTC/status/1734034646780768741?ref_src=twsrc%5Etfw" data-wpel-link="external" target="_blank" rel="nofollow external noopener noreferrer">December 11, 2023</a>
</blockquote> 
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
<h3 id="b-what-to-expect-going-forward-b">What to expect going forward</h3> 
AMBCrypto also took a look at LTC’s social metrics to better understand investor sentiments. As per the same, <a href="https://ambcrypto.com/predictions/litecoin-price-prediction" target="_blank" rel="noopener" data-wpel-link="internal">LTC</a>’s popularity dropped, as is evident from the decline in its social volume. Its weighted sentiment also sank last week, meaning that negative sentiments dominated the market. 
<div id="attachment_358423" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Litecoin-LTC-13.48.06-12-Dec-2023.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-358423" decoding="async" class="wp-image-358423 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Litecoin-LTC-13.48.06-12-Dec-2023.png" alt="" width="2560" height="867" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Litecoin-LTC-13.48.06-12-Dec-2023.png 2560w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Litecoin-LTC-13.48.06-12-Dec-2023-300x102.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Litecoin-LTC-13.48.06-12-Dec-2023-1024x347.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Litecoin-LTC-13.48.06-12-Dec-2023-768x260.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Litecoin-LTC-13.48.06-12-Dec-2023-1536x520.png 1536w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Litecoin-LTC-13.48.06-12-Dec-2023-2048x693.png 2048w" sizes="(max-width: 2560px) 100vw, 2560px"></a>
 Source: Santiment
</div> 
We then had a look at the blockchain’s daily chart to see what investors might expect from LTC and have a better understanding of whether LTC is undervalued or not. 
At press time, Litecoin’s MACD projected the possibility of a bearish crossover in the near term. Both <a href="https://ambcrypto.com/litecoin-prices-struggle-to-push-through-but-heres-the-silver-lining/'" target="_blank" rel="noopener" data-wpel-link="internal">LTC</a>’s Money Flow Index (MFI) and Chaikin Money Low (CMF) registered downticks, increasing the chances of a price drop in the days to come. 
<div id="attachment_358425" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/LTCUSDT_2023-12-12_13-50-41.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-358425" decoding="async" class="wp-image-358425 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/LTCUSDT_2023-12-12_13-50-41.png" alt="" width="1564" height="791" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/LTCUSDT_2023-12-12_13-50-41.png 1564w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/LTCUSDT_2023-12-12_13-50-41-300x152.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/LTCUSDT_2023-12-12_13-50-41-1024x518.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/LTCUSDT_2023-12-12_13-50-41-768x388.png 768w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/LTCUSDT_2023-12-12_13-50-41-1536x777.png 1536w" sizes="(max-width: 1564px) 100vw, 1564px"></a>
 Source: TradingView
</div> 
How much are <a href="https://ambcrypto.com/convert/1-ltc-to-usd" target="_blank" rel="noopener" data-wpel-link="internal">1,10,100 LTCs worth today</a>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 
<h3 id="a-thriving-mining-industry">A thriving mining industry</h3> 
With the crypto’s price was in the grip of a bout of volatility, its mining industry grew. This is evidenced by the fact that its hashrate registered an uptick after a downtrend on 4 December. 
At press time, LTC’s hashrate stood at 859.48 TH/s. Like the hashrate, Coinwarz’s <a href="https://www.coinwarz.com/mining/litecoin/difficulty-chart#:~:text=Current%20Litecoin%20Difficulty,in%20the%20last%2024%20hours.&amp;text=The%20Litecoin%20difficulty%20chart%20plots%20the%20Litecoin%20difficulty%20target%20over,difficulty%20(LTC%20diff)%20target." target="_blank" rel="noopener nofollow external noreferrer" data-wpel-link="external">data</a> revealed that Litecoin’s mining difficulty also remained relatively high, with the same flashing a reading of 28.62 M. 
<div id="attachment_358426" style="width: 100%" class="wp-caption aligncenter">
 <a href="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Coinwarz-LTC.png" data-wpel-link="internal"><img aria-describedby="caption-attachment-358426" decoding="async" class="wp-image-358426 size-full" src="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Coinwarz-LTC.png" alt="" width="1235" height="480" srcset="https://statics.ambcrypto.com/wp-content/uploads/2023/12/Coinwarz-LTC.png 1235w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Coinwarz-LTC-300x117.png 300w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Coinwarz-LTC-1024x398.png 1024w, https://statics.ambcrypto.com/wp-content/uploads/2023/12/Coinwarz-LTC-768x298.png 768w" sizes="(max-width: 1235px) 100vw, 1235px"></a>
 Source: Coinwarz
</div>

Mapping whether Litecoin is really undervalued right now

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