On-chain data shows the Litecoin MVRV has been at relatively high levels recently, something that could be bearish for the cryptocurrency.
Both 30-Day & 365-Day Litecoin MVRV Ratios Are High Currently
According to data from the on-chain analytics firm Santiment, LTC traders are well above water at the moment. The “MVRV ratio” is an indicator that measures the ratio between the two main capitalization models for Litecoin: the market cap and the realized cap.
The market cap here is the usual cap that calculates the total value of the asset by simply taking the value of each coin in the
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