- Litecoin creator Charlie evaluates the value of LTC.
- Lee mentioned on Twitter on Tuesday that the cryptocurrency has numerous potential.
- He famous that Litecoin was launched in good religion and had no downtime for over 11 years.
Litecoin (LTC) developer Charlie Lee says cryptocurrency has worth even when its value stays low Bitcoin (BTC)the pioneering asset that impressed what’s also known as digital silver.
On Twitter printed early Tuesday, Lee highlighted what he says are the undisputed key benefits of Litecoin. He sees the value of Litecoin growing Bitcoin.
“It is onerous to disclaim that Litecoin is efficacious – a coin that has low charges, is protocol appropriate with Bitcoin, has the identical game-theoretic assault surfaces as Bitcoin, is protected by its personal set of ASIC miners, is actually issued, and has a historical past of 11.5 years with out downtimeLee famous.
Charlie Lee evaluates the value of Litecoin
Sharing his LTC value outlook, Lee mentioned he expects digital silver to rise to new highs. He notes that the present market values Litecoin at roughly 1% of Bitcoin, which is “correct.” However with “tons of potential,” the altcoin might attain 10% of BTC.
Lee says the cryptocurrency’s larger bandwidth, scalability, higher fungibility and privateness are key options that might assist decrease the coin’s value.
In line with him, it’s potential to go to 0.0125 BTC within the subsequent bull cycle. On the draw back, the LTC developer offers a Litecoin value prediction 0.0025 LTC/BTC.
The market presently values Litecoin at simply over 1% of Bitcoin. Is that truthful? I believe the market is correct right now, however Litecoin has numerous potential. It provides larger bandwidth by design and scalability with growth blocks and higher interchangeability and privateness from MWEB.
– Charlie Lee Ⓜ️🕸️ (@SatoshiLite) in 2023 Could 2
Litecoin in 2023 on Tuesday, Could 2, the value was round $89, up about 2% in opposition to the US greenback the identical day. In the meantime, it was altering palms at 0.00307886 BTC and the LTC/BTC pair was solely 0.1% inexperienced.
Though the value of Litecoin in 2021 hit an all-time excessive above $410 in Could, its positive aspects paled compared to Bitcoin’s rally to an all-time excessive of $69,000.
