Litecoin is so different from what that old “litecoin” was.
6 months ago, ratio of number of unique transactions between bitcoin and litecoin was 10~15 : 1; today, the ratio is close to 2:1.
6 months ago, average bitcoin transaction time was about 10~30 minutes and litecoin’s is 2.5 minutes; today, bitcoin’s transaction time is up to 72 hours (according to gdax/coinbase), litecoin’s time still remains roughly the same.
6 months ago, transaction fees for bitcoin were about 5~10 dollars; litecoin’s were pennies; today, you expect to pay $20~40 per bitcoin transaction even for a 3 dollar coffee; litecoin’s fees are about dime or quarter.
The price ratio between litecoin and bitcoin is 0.01 - 0.02. It was derived from information 6 months ago. Today, with all litecoin’s progress with transactions, shouldn’t the ratio be 0.04 ~ 0.06? Even with ratio of 0.06, in my option, litecoin is still undervalued!
I think it will get back up there eventually and start smashing it!
What are your thoughts?!