OPEN-SOURCE SCRIPT
Master Litecoin Market Cap Network Value Model
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Master Litecoin Market Cap Network Value Model
This indicator visualizes Litecoin's network fundamentals compared to Bitcoin, developed by @masterbtcltc. By analyzing various on-chain metrics and market data, this script helps users evaluate Litecoin’s intrinsic value relative to Bitcoin.
Key Features:
Network Metrics:
NewAddressValueModel: Tracks the ratio of new addresses in Litecoin compared to Bitcoin.
TotalAddressValueModel: Compares total addresses across the two networks.
Transaction & Volume Metrics:
TXValueModel: Compares transaction activity.
VolumeValueModel and VolumeUSDValueModel: Analyzes transaction volumes in native units and USD.
Usage & Adoption:
ActiveValueModel: Tracks the ratio of active addresses between Litecoin and Bitcoin.
RetailValueModel: Measures retail adoption strength in the Litecoin network.
Blockchain & Holder Data:
BlockValueModel: Compares block sizes.
NonZeroModel: Evaluates addresses with non-zero balances.
HodlerModel: Compares long-term holders between Litecoin and Bitcoin.
Averaged Insights:
AverageValueModel: Aggregates all metrics for a complete view of network valuation.
Visual Design:
Blue Themed Metrics: Network value models are displayed in a uniform blue color with a line thickness of 4 and 25% transparency for clarity.
Distinct Price Plot: Litecoin’s price is plotted in yellow, with a thin line (width 2) and no transparency, keeping it visually separate.
Use Cases:
Ideal for traders, investors, and enthusiasts aiming to:
Identify Litecoin’s market trends.
Detect periods of undervaluation or overvaluation.
Gain deeper insights into Litecoin’s network fundamentals.
Important Instruction: To ensure accurate results, plot this indicator on VANTAGE:LTCUSD * GLASSNODE:LTC_SUPPLY. This ensures alignment with the data sources and guarantees the script performs as intended.
Feel free to explore, use, and share this open-source script to better understand Litecoin’s value potential!
This indicator visualizes Litecoin's network fundamentals compared to Bitcoin, developed by @masterbtcltc. By analyzing various on-chain metrics and market data, this script helps users evaluate Litecoin’s intrinsic value relative to Bitcoin.
Key Features:
Network Metrics:
NewAddressValueModel: Tracks the ratio of new addresses in Litecoin compared to Bitcoin.
TotalAddressValueModel: Compares total addresses across the two networks.
Transaction & Volume Metrics:
TXValueModel: Compares transaction activity.
VolumeValueModel and VolumeUSDValueModel: Analyzes transaction volumes in native units and USD.
Usage & Adoption:
ActiveValueModel: Tracks the ratio of active addresses between Litecoin and Bitcoin.
RetailValueModel: Measures retail adoption strength in the Litecoin network.
Blockchain & Holder Data:
BlockValueModel: Compares block sizes.
NonZeroModel: Evaluates addresses with non-zero balances.
HodlerModel: Compares long-term holders between Litecoin and Bitcoin.
Averaged Insights:
AverageValueModel: Aggregates all metrics for a complete view of network valuation.
Visual Design:
Blue Themed Metrics: Network value models are displayed in a uniform blue color with a line thickness of 4 and 25% transparency for clarity.
Distinct Price Plot: Litecoin’s price is plotted in yellow, with a thin line (width 2) and no transparency, keeping it visually separate.
Use Cases:
Ideal for traders, investors, and enthusiasts aiming to:
Identify Litecoin’s market trends.
Detect periods of undervaluation or overvaluation.
Gain deeper insights into Litecoin’s network fundamentals.
Important Instruction: To ensure accurate results, plot this indicator on VANTAGE:LTCUSD * GLASSNODE:LTC_SUPPLY. This ensures alignment with the data sources and guarantees the script performs as intended.
Feel free to explore, use, and share this open-source script to better understand Litecoin’s value potential!
Notes de version
Master Litecoin Market Cap Network Value Model ScriptThe Master Litecoin Market Cap Network Value Model is a TradingView script designed to analyze Litecoin's network fundamentals relative to Bitcoin. Developed by masterbtcltc, this script leverages on-chain metrics and market data to offer comprehensive insights into Litecoin's intrinsic value.
Key Features
Network Metrics
NewAddressValueModel: Tracks the ratio of new addresses in Litecoin compared to Bitcoin.
TotalAddressValueModel: Compares the total number of addresses between Litecoin and Bitcoin.
Transaction & Volume Metrics
TXValueModel: Evaluates transaction activity between the two networks.
VolumeValueModel & VolumeUSDValueModel: Analyze transaction volumes in both native units and USD.
Usage & Adoption
ActiveValueModel: Tracks the ratio of active addresses between Litecoin and Bitcoin.
RetailValueModel: Measures retail adoption strength in the Litecoin network.
Blockchain & Holder Data
BlockValueModel: Compares blockchain sizes for Litecoin and Bitcoin.
NonZeroModel: Analyzes the ratio of addresses with non-zero balances.
HodlerModel: Examines long-term holder data for Litecoin and Bitcoin.
Aggregated Insights
AverageValueModel: Provides a holistic view by aggregating all individual metrics.
MultipleLTC: Highlights Litecoin’s potential value relative to its market price.
Instructions
To achieve optimal results, plot this indicator on the VANTAGE:LTCUSD pair to ensure proper data alignment. This guarantees the script operates as intended.
Visual Design
Metrics Visualization: Network models are displayed in a blue color scheme, with a line thickness of 4 and 25% transparency for clarity.
Price Plot: Litecoin’s price is plotted in yellow with a thinner line (width 2), maintaining a clear distinction from network metrics.
AverageValueModel: Plotted in white for emphasis, representing an aggregate network valuation.
Use Cases
This tool is ideal for:
Identifying market trends in Litecoin.
Detecting undervaluation or overvaluation periods.
Gaining deeper insights into Litecoin’s network fundamentals.
Feel free to use, explore, and share this open-source tool to better understand Litecoin’s value potential. 🚀
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
Vous voulez utiliser ce script sur un graphique ?
Clause de non-responsabilité
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