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. At least, that’s his main message in a Litecoin prediction shared through a series of tweets.

It's hard to deny there is value in Litecoin, a coin that has low fees, is protocol-compatible with Bitcoin, has the same game theoretical attack surfaces as Bitcoin, is secured with its own set of ASIC miners, is fairly launched, and has 11.5 years of history with zero downtime. https://t.co/xKjjaGkmhe

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

Litecoin’s main strengths according to Charlie Lee

While many investors and analysts question Litecoin’s profitability, its creator Charlie Lee is highlighting the cryptocurrency’s best assets. 

On May 2, he shared via a series of tweets what he considers to be undeniable indicators of Litecoin’s main advantages. According to him, Litecoin is a cryptocurrency that has value. Its price is currently a fraction of Bitcoin (BTC), but it’s still considered a reference in terms of digital money. 

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

Another advantage of Litecoin is that it’s secure with its own set of ASIC miners. In addition, it has been in existence for 11 and a half years with zero downtime, and it’s a coin with low fees.

Charlie Lee’s Litecoin prediction: optimistic outlook

In his tweet, Charlie Lee not only presented Litecoin’s strengths but also submitted an interesting Litecoin prediction. According to him, LTC will certainly reach new heights.

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

• high throughput,
• scalability,
• better fungibility,
• privacy.

Will Charlie Lee’s Litecoin prediction come true? Only time will tell. One thing is for sure: LTC already occupies an important place in the crypto market. Its current price is $89.89 with a market capitalization of $6.54 billion.