One on-chain metric suggests litecoin $LTC could be trading at a discount. LedesmaLyllah reports
An onchain metric suggests that litecoin , the 12th largest cryptocurrency by market value, is trading at. Litecoin's market value to realized value Z-score was negative at press time. A sub-zero score indicates the cryptocurrency is undervalued relative to its fair value,analytics firm Glassnode. The market capitalization is calculated by multiplying the total number of coins in circulation by the crypto’s price.
The stablecoin universe continues to shrink and a sustained recovery in crypto prices is unlikely until this stops, JPMorgan said in a research report Thursday.
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