LTC could rise to 10 % of BTC
LTC could rise to 10 % of BTC
- Litecoin creator Charlie is optimistic about the LTC Prize.
- in a Twitter thread said Lee on Tuesday that he saw a lot of potential in cryptocurrency.
- He noticed that Litecoin was introduced fairly and had over 11 years without downtimes.
litecoins (LTC) Creator Charlie Lee says that he sees cryptocurrency as valuable, even if its price is only a fraction of it bitcoin (BTC) The pioneering value that is often referred to, which is often referred to as digital silver.
" It is difficult to deny that Litecoin has a value, a coin that has low fees, protocol compatible with Bitcoin, has been secured with a separate set of play as Bitcoin, has been secured with a separate set of ASIC miners and has 11.5 years of history without downtimes ", remarked Lee.
Charlie Lee is optimistic about the Litecoin Prize
Lee announced its prospects for LTC and said that he expects the digital silver to rise to new highs. He notes that the current market value of Litecoin is about 1 % of Bitcoin, which is "exactly". With "one ton of potential", however, the altcoin could increase to 10 % of the BTC.
according to Lee are the higher throughput, scalability, the better fungability and the privacy of the cryptocurrency key features that could support the price of the coin.
According to him, it is possible to go to 0.0125 BTC in the next bull cycle. On the other hand, the LTC manufacturer gives a litecoin price forecast of 0.0025 LTC/BTC.The market currently evaluates Litecoin with just over 1 % of Bitcoin. Is that fair? I think the market is correct today, but Litecoin has a lot of potential. It has a higher throughput through design and scalability with expansion blocks and better fungability and privacy from Mweb.
- Charlie Lee ⓜ️🕸️ (@satoshilite) 2. May 2023
litecoin was traded at around $ 89 on Tuesday, May 2, 2023, which corresponds to an increase of about $ 2 % compared to the US dollar. In the meantime, it changed the owner at 0.00307886 BTC, with the LTC/BTC couple only 0.1 % in the green area.
During the Litecoin price in May 2021, its all-time high of over $ 410, his profits faded into its all-time maximum of over $ 69,000
Source: Coinlist.me
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