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LTC could rise to 10% of BTC

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  • Litecoin creator Charlie is bullish about the price of LTC.
  • In a Twitter thread on Tuesday, Lee said he sees a lot of potential in cryptocurrencies.
  • He said Litecoin has been pretty much launched and has zero downtime in over 11 years.

Litecoin (LTC) Creator Charlie Lee says he thinks cryptocurrencies are worth it even though they are still a fraction of the price. Bitcoin (BTC)the pioneer asset that inspired what is often called digital silver.

in a tweet Posted Early Tuesday morning, Lee emphasized what he says are undeniable pointers to Litecoin’s key strengths.He sees the price of Litecoin rising Bitcoin.

Low fees, protocol compatible with Bitcoin, same game-theoretic attack surface as Bitcoin, protected with a unique set of ASIC miners, massively launched, 11.5 year history with zero downtime‘ pointed out Lee.

Charlie Lee Bullish on Litecoin Price

Sharing LTC’s price outlook, Lee said he expects digital silver to soar to new highs. He said that Litecoin is currently valued at around 1% of Bitcoin in the market, which he said is “accurate.” However, with “a lot of potential,” altcoins could rise as high as 10% of BTC.

Lee said the cryptocurrency’s higher throughput, scalability, better fungibility, and privacy are key features that help the coin’s price.

According to him, the next bullish cycle could reach 0.0125 BTC.As a drawback, the LTC authors Litecoin price prediction 0.0025 LTC/BTC.

litecoin It traded around $89 on Tuesday, May 2, 2023, up about 2% against the US dollar. In the meantime, hands have changed at 0.00307886 BTC, with the LTC/BTC pair only 0.1% on the green.

Litecoin’s price hit an all-time high above $410 in May 2021, but its gains pale in comparison to Bitcoin’s all-time high above $69,000.

Tags: BTCltcRise
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