Litecoin Price ‘Massively Discounted’: Cryptocurrency Analyst

Supporters of litecoin often tout the sixth-largest cryptocurrency as “silver to bitcoin’s digital gold,” but one cryptocurrency says it’s also a diamond in the rough. Writing in an eight-page report published on Tuesday, eToro senior market analyst Mati Greenspan argues that the litecoin price is trading at a “massive discount to what it should be worth.” Greenspan bases this assessment and several technical and fundamental factors. Technical Features On the technical side, he notes the importance of Litecoin, a Proof-of-Work (PoW) blockchain, being the dominant coin mined using the scrypt algorithm. As long as this remains the case, Litecoin will … Continue reading Litecoin Price ‘Massively Discounted’: Cryptocurrency Analyst