After climbing close to the $80-mark, Litecoin [LTC] registered a price correction, one which can be attributed to the bearish market. While that happened, should investors believe that Litecoin is actually undervalued even after the price correction? For Litecoin, the previous week was difficult as it saw a major drop in price on the charts. According to CoinMarketCap, LTC’s daily chart was green, with the crypto appreciating by 1.5% in 24 hours. At the time of writing, it was trading at $73.16 with a market capitalization of over $5.4 billion. Considering the ongoing price correction, should investors expect LTC to be undervalued?