Litecoin Founder: LTC Poised for 700% Gains Against Bitcoin
Charlie Lee, founder of the renowned Litecoin cryptocurrency, believes that the coin’s price is poised to grow by a colossal 700% versus Bitcoin (BTC).
Created and launched all the way back in 2011, Litecoin (LTC) is a renowned cryptocurrency in the realm of digital assets. Marking the first time which its founder, Charlie Lee, has ever provided a prediction for LTC, the creator believes that the LTC/BTC pair could rally to 0.025 BTC, and has shared his projection for Litecoin in a tweet:
“I can see an upside target of 10% (0.025 LTC/BTC). In the next bull market, 5% (0.0125) shouldn't be too hard to achieve. I honestly don't see it going much below 1% (0.0025) on the downside. The next halving will be in ~92 days. This is going to be fun.”
His statements came in after Litecoin’s 85% price recovery from its record low of 0.001716 BTC in June of 2022. The coin remains to be 90% below its all-time high of 0.051 BTC recorded in November 2013 as the altcoin space became ever-so competitive throughout the past years.
Litecoin traders, investors and HODLers are eying the coin’s halving action which is expected to occur after three months. The LTC halving initiative will witness block reward for miners to be slashed by 50% which in theory, should boost the cryptocurrency’s value due to increasing scarcity paired with growing demand.
Sources:
https://cointelegraph.com/news/litecoin-price-poised-for-700-gains-vs-bitcoin-says-charlie-lee
Moglo bi vas također zanimati
Ne propustite nijednu kripto vijest
Pretplatite se na naše newslettere – najbolji način da budete informirani o kripto svijetu. Bez spama. Možete se odjaviti u bilo kojem trenutku.
Molimo unesite svoju adresu e-pošte
Nevažeći e-mail
Pročitajte u našoj Politici privatnosti kako obrađujemo vaše podatke.
Hvala na pretplati 😊
Pretplatite se na naše newslettere – najbolji način da budete informirani o kripto svijetu. Bez spama. Možete se odjaviti u bilo kojem trenutku.