The survey has now produced zero overweight votes in 17 of the last 20 weeks and three consecutive weeks with at least 70% voting not to include LTC at all:Īnd it isn't just Real Vision's survey respondents who apparently don't see the value in Litecoin. 20% of survey respondents voted to overweight LTC back in October 2021 with just 40% saying not to include LTC in the portfolio. Real Vision's survey respondents have become more bearish LTC over the life of the survey. They have the option to vote overweight, underweight, neutral, or not to include the coin in the portfolio at all. Real Vision has a crypto portfolio survey where users share their views on a curated list of crypto coins. We can see symptoms of this pricing underperformance throughout the crypto research community. The metric now finds itself at 0.0027 - still a far cry from the previous cycle high. One LTC measured in BTC has made lower highs and lower lows through each crypto cycle going from 0.04 BTC in 2013 to 0.0018 BTC earlier this year. LTC now finds itself near all time lows when priced in BTC. Through each crypto bull cycle, Litecoin has failed to make new highs when priced in Bitcoin. We can see this pretty clearly in the performance of Litecoin against Bitcoin. The crypto investment market has virtually no interest in Litecoin. We'll also explore valuation metrics that I believe will hammer home the contrarian opportunity we have in LTC. In this article, I'm going to show how little love there is for Litecoin in the crypto investment community as well as how Litecoin is proving itself to be a viable crypto with real payment utility. Litecoin is a legitimate competitor to Bitcoin in the peer-to-peer payments category but so far the crypto investment community has been too saturated with BTC and ETH maximalists for LTC to get a proper bid. Given the activity on the network, I think it should be higher. While it has historically spent quite a bit of time as a Top 5 coin by market cap, it is currently placed at #20. It has 4 times the circulating supply, faster block times, and much cheaper transactions. Litecoin is a fork of Bitcoin ( BTC-USD ). Even the crypto market has an illogical emotional problem with certain assets. But this emotional bearishness against crypto isn't just limited to the anti-crypto crowd. We see this evidenced with some who will steadfastly ignore all blockchain-based assets as investable ideas. This emotional relationship that bulls have with their magic Internet monies is equally visible in the bears. Like many other risk market assets, crypto investors can become emotionally attached to certain ideas. 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. All rights reserved.Phira Phonruewiangphing/iStock Editorial via Getty Images Other trademarks are property of their respective owners. EquityZen and logo are trademarks of EquityZen Inc. By accessing this site and any pages thereof, you agree to be bound by our Terms of Use. Check the background of this firm on FINRA’s BrokerCheck.Į is a website operated by EquityZen Inc. EquityZen Securities is a broker/dealer registered with the Securities Exchange Commission and is a FINRA/ SIPC member firm.Įquity securities are offered through EquityZen Securities. See our Risk Factors for a more detailed explanation of the risks involved by investing through EquityZen’s platform.ĮquityZen Securities LLC (“EquityZen Securities”) is a subsidiary of EquityZen Inc.
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