Litecoin (LTC), one of the most established cryptocurrencies, is well below its fair price according to the “Market Value to Realized Value” (MVRV Z) metric.
Litecoin price according to on-chain analytics platform Glassnode below what it should be exists. According to the market analysis report presented by the company, the difference between the intrinsic value of a cryptocurrency and its market price is calculated. MVRV to Z-score Looking at Litecoin, at a cheap level is priced.
Liteceoin’s MVRV Z score Since July 2022 It travels at zero and minus levels. According to the analysis firm, a score below zero is realistic compared to the value are priced cheap reveals.
Looking at the chart provided by Glassnode, we can see that MVRV Z’s similar levels in the past It can be seen that it moves sideways and then goes up with the price.
historically, over 8 points MVRV Z-scores to overvaluation And bull market peaks while pointing negative values undervalued and pointed to market bottoms.
On the other hand, looking at the Nicehas data, Litcoin 75 days to halving seems like a short time. According to the general market opinion, in the halving processes, a rise expectation can occur. Many experts argue that Litecoin’s price below its fair value may push investors to take a buy-side approach to seize potential opportunities.
