Charlie Lee's Litecoin Prediction

Litecoin celebrated its 11th anniversary last October. Even though the crypto market seems more unstable than ever, its creator Charlie Lee remains convinced of its value. In any case, this is his main message in a Litecoin prediction shared via a series of tweets.

Charlie Lee shares extremely optimistic Litecoin prediction

The main advantages of Litecoin according to Charlie Lee

While many investors and analysts are wondering about the profitability of Litecoin, its creator Charlie Lee is trying to highlight the best assets of this cryptocurrency.

On May 2, he shares via a series of tweets what he sees as undeniable indicators of Litecoin’s core strengths. According to him, Litecoin is a valuable cryptocurrency. Admittedly, its price remains for the moment a fraction of Bitcoin (BTC). Nevertheless, it is considered a benchmark in terms of digital money.

Charlie Lee also explains that Litecoin is perfectly compatible with the Bitcoin protocol. It has the same theoretical gaming attack surfaces as bitcoin.

Another advantage of Litecoin is that it is secured with its own set of ASIC miners. Added to this is the 11 and a half years of existence of this cryptocurrency, an existence with zero downtime. And finally, it is a room with low fees.

Charlie Lee’s Litecoin Prediction: Bullish Prospects

In his tweet, Charlie Lee did not just present the strengths of Litecoin. He also submits a rather interesting Litecoin prediction. Indeed, according to him, Litecoin sure to reach new heights.

“If its price is currently estimated at 1% of BTC, the price of Litecoin could climb and rally to 10% of the benchmark cryptocurrency”he explained.

According to Charlie Lee, the following features will boost the price of LTC:

  • high throughput,
  • scalability,
  • the best fungibility,
  • confidentiality.

Will Charlie Lee’s Litecoin prediction come true? The future will tell. One thing is certain: Litecoin already occupies an important place in the crypto market. Its current course is $89.89 with a market capitalization of $6.54 billion.

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