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Seeking Alpha 2022-10-04 17:42:10

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

SummaryLitecoin 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.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 emotional relationship that bulls have with their magic Internet monies is equally visible in the bears. We see this evidenced with some who will steadfastly ignore all blockchain-based assets as investable ideas. But this emotional bearishness against crypto isn't just limited to the anti-crypto crowd. Even the crypto market has an illogical emotional problem with certain assets. One of those assets is Litecoin. Litecoin is a fork of Bitcoin (BTC-USD). It has 4 times the circulating supply, faster block times, and much cheaper transactions. While it has historically spent quite a bit of time as a Top 5 coin by market cap, it is currently placed at #20. Given the activity on the network, I think it should be higher.Litecoin is a le...

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