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Despite Growing Interest, Positive Sentiment, and Cheap Valuation, Litecoin (LTC) is a “Do Not Buy” as Block Reward Halving Approaches

Jun 17, 2019

 

Better Research, Better Investments.Better Research, Better Investments.
Better Research, Better Investments.Better Research, Better Investments.

 

  • Looks like interest in Litecoin (LTC) has been steadily picking up over the last month with Google Trends data for the major altcoin just coming off a 1-month high late last week. LTC also touched a 1-month high daily article count, further speaking to the growing interest in the coin. As LTC approaches its block reward halving, which is projected to occur in less than 50 days, we will most likely see this trend continue.  
     
  • On both a social and article basis, sentiment in LTC appears to be improving. In looking at LTC’s article sentiment chart below, we can see that the metric is just coming off a 1-month high set on Friday. On a social sentiment basis, meanwhile, days where LTC observes negative sentiment appears to be improving while the coin posts longer days of consecutive positive sentiment -- currently, LTC is on a 4-day streak of positive social sentiment.  
     
  • Despite the LTC Network Value to Transaction Ratio (NVT Ratio) trading just off a 1-month low of less than 14x, the Quantamize 3-Day Crypto Trading Signals rate the altcoin as “Do Not Own”, so we suggest you avoid buying the coin today. The Quantamize Crypto Trading Signals do, however, update tomorrow, so keep an eye out to see if the model rating changes! 
     

Litecoin (LTC) Volume - Last 30 Days

Litecoin (LTC) Volume - Last 30 Days

Average Litecoin (LTC) Article Sentiment - Last 30 Days

Average Litcoin (LTC) Article Sentiment - Last 30 Days

Litecoin (LTC) Article Count - Last 30 Days

Litecoin (LTC) Article Count - Last 30 Days

 

 

We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.
We Crunch the Numbers, You Make the Trade.We Crunch the Numbers, You Make the Trade.

 

Overall Litecoin (LTC) Social Sentiment - Last 30 Days

Overall Litecoin (LTC) Social Sentiment - Last 30 Days

Litecoin (LTC) Google Trends - Last 30 Days

Litecoin (LTC) Google Trends - Last 30 Days

Litecoin (LTC) Network Value to Transaction Ratio - 10-Day EWMA - Last 30 Days

Litecoin (LTC) Network Value to Transaction Ratio - 10-Day EWMA - Last 30 Days

 

Crypto Model PortfoliosCRYPTO INVESTING MADE SIMPLE
Crypto Model PortfoliosCRYPTO INVESTING MADE SIMPLE