Litecoin creator Charlie Lee: LTC might rise to 10% of BTC

• Litecoin creator Charlie is bullish on the LTC worth.
• In a Twitter thread on Tuesday, Lee mentioned he sees the cryptocurrency as having a lot of potential.
• He famous that Litecoin was pretty launched and has had over 11 years of zero downtime.

Litecoin (LTC) creator Charlie Lee says he sees the cryptocurrency as having worth whilst its worth stays a fraction of Bitcoin (BTC), the pioneer asset that impressed what is usually dubbed digital silver.

In a tweet posted early Tuesday, Lee highlighted what he says are simple tips that could Litecoin’s key strengths. He sees Litecoin worth gaining towards Bitcoin.

“It’s arduous to disclaim there’s worth in Litecoin, a coin that has low charges, is protocol-compatible with Bitcoin, has the identical sport theoretical assault surfaces as Bitcoin, is secured with its personal set of ASIC miners, is pretty launched, and has 11.5 years of historical past with zero downtime,” Lee famous.

Charlie Lee is bullish on Litecoin worth

Sharing his worth outlook for LTC, Lee mentioned he expects the digital silver to rally to new highs. He notes that the present market values Litecoin round 1% of Bitcoin, which is “correct.” Nonetheless, with “a ton of potential”, the altcoin might rally to 10% of BTC.

Lee says the cryptocurrency’s larger throughput, scalability, higher fungibility and privateness are key options that would support the coin’s worth.

In accordance with him, going to 0.0125 BTC within the subsequent bull cycle is feasible. On the draw back, the LTC creator offers a Litecoin price prediction of 0.0025 LTC/BTC.

The market at the moment values Litecoin at barely over 1% of Bitcoin. Is that truthful? I believe the market is correct at this time, however Litecoin has a ton of potential. It has a larger throughput by design and scalability with extension blocks and higher fungibility and privateness from MWEB.

— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) May 2, 2023

Litecoin traded at round $89 on Tuesday 2 Could 2023, roughly 2% up on the day towards the US greenback. In the meantime, it was altering palms at 0.00307886 BTC, with the LTC/BTC pair simply 0.1% within the inexperienced. 

Whereas Litecoin worth reached its all-time excessive above $410 in Could 2021, its good points paled compared to Bitcoin’s rally to its all-time peak above $69,000.