Rally

Litecoin

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<li><strong>Litecoin founder Charlie Lee predicts high growth potential for LTC in the next bull market due to significant upgrades.</strong></li>
<li><strong>Lee believes that Litecoin has a unique niche with cost-effective fees and 11.5 years of history with no downtime.</strong></li>
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<p>Litecoin founder Charlie Lee&#8217;s <a href="https://www.ethnews.com/litecoin-core-24-billion-dollar-crypto-market-ready-for-game-changing-update/">positive outlook</a> on the cryptocurrency has excited investors and traders alike. Lee&#8217;s detailed explanation of Litecoin&#8217;s advantages, including low fees and scalability, shows that the cryptocurrency has established a unique niche for itself, differentiating it from other altcoins.</p>
<p>Lee&#8217;s excitement for Litecoin stems from the significant upgrades that have taken place, including the launch of MWEB, which has <a href="https://www.ethnews.com/explosive-altcoin-rally-leaves-dogecoin-and-litecoin-in-the-dust-is-this-the-investment-of-a-lifetime/">improved</a> its fungibility, privacy, and scalability. MWEB allows users to send confidential LTC transfers without revealing how much money the senders hold in their addresses.</p>
<p>Although Lee believes that Litecoin is currently fairly priced, he sees an upside target of $719 in the next bull run, which is a significant increase from its current market value of slightly over 1% of Bitcoin. Lee believes that the cryptocurrency could <a href="https://www.ethnews.com/prices">reach</a> at least 5% (0.0125 worth $359) in the next bull market and is unlikely to go below 1% (0.0025 worth $71.94) on the downside.</p>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">The market currently values Litecoin at slightly over 1% of Bitcoin. Is that fair? I think the market is accurate today, but Litecoin has a ton of potential. It has a  higher throughput by design and scalability with extension blocks and better fungibility and privacy from MWEB.</p>
<p>&mdash; Charlie Lee <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/24c2.png" alt="Ⓜ" class="wp-smiley" style="height: 1em; max-height: 1em;" /><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f578.png" alt="🕸" class="wp-smiley" style="height: 1em; max-height: 1em;" /> (@SatoshiLite) <a href="https://twitter.com/SatoshiLite/status/1653298453181796353?ref_src=twsrc%5Etfw">May 2, 2023</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></p>
<p>Despite Lee&#8217;s optimistic predictions, the cryptocurrency community has had mixed reactions. While some see Litecoin&#8217;s potential, others remain skeptical. Nonetheless, Litecoin&#8217;s next <a href="https://www.ethnews.com/dogecoin-and-litecoin-set-for-bright-future-with-billion-dollar-partnership-in-future-market/">halving</a>, which is set to occur in approximately 92 days, could be a catalyst for further growth.</p>
<p>At the time of writing, LTC is trading for $88.67, indicating significant potential for growth if Litecoin hits Lee&#8217;s target. Overall, Lee&#8217;s belief in Litecoin&#8217;s unique niche and<a href="https://www.ethnews.com/this-billion-dollar-bank-is-set-to-offer-bitcoin-ethereum-xrp-and-litecoin-to-its-millions-of-customers/"> growth potential</a> has given hope to Litecoin investors and traders alike. With significant upgrades and a strong community, Litecoin could potentially see significant growth in the future.</p>
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<p>The post <a rel="nofollow" href="https://www.ethnews.com/litecoin-founder-charlie-lee-targets-719-price-setting-the-stage-for-a-potential-altcoin-rally/">Litecoin Founder Charlie Lee Targets $719 Price, Setting the Stage for a Potential Altcoin Rally</a> appeared first on <a rel="nofollow" href="https://www.ethnews.com">ETHNews: Bringing you the news of everything blockchain, Ethereum, and the internet.</a>.</p>

Litecoin Founder Charlie Lee Targets $719 Price, Setting the Stage for a Potential Altcoin Rally

ETHNews

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