Master Litecoin Market Cap Network Value Model

12月6日

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!

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版本注释

Master Litecoin Market Cap Network Value Model Script
The 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. 🚀