Crypto Contrarian: The Market Hates Litecoin, It Shouldn't

Oct. 04, 2022 1:42 PM ETLitecoin USD (LTC-USD)LTCN4 Comments

Summary

  • Litecoin is one of the oldest standing crypto coins in the digital asset market. Despite a top 20 market capitalization, LTC has struggled against Bitcoin through the years.
  • There is a deep disrespect for Litecoin from the crypto investment community. I provide numerous examples of such in this article.
  • Despite that, the on-chain metrics for Litecoin remain fantastic and it is one of the most underappreciated coins in the entire digital currency space.
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Cryptocurrency coin - Litecoin coin, isolated on a black background.

Phira Phonruewiangphing/iStock Editorial via Getty Images

One of the most bizarre investor disconnects that I've seen in crypto is the one I've found in Litecoin (LTC-USD) over the last year or so. Like many other risk market assets, crypto investors can become emotionally attached to certain ideas. This

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This article was written by

Mike Fay profile picture
2.48K Followers
Decoding digital assets and cryptocurrency research for serious investors.

5 years as a media research analyst. Mainly covering crypto, metal, and media equities. Operator of Heretic Speculator newsletter where I share additional thoughts on finance with more of a social backdrop.

Disclosure: I/we have a beneficial long position in the shares of BTC-USD, LTCN, GBTC, LTC-USD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Additional disclosure: I'm not an investment advisor. I share what I do and why I do it for informational purposes.

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