{"id":20501,"date":"2023-05-02T22:13:28","date_gmt":"2023-05-02T22:13:28","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ltc-could-rise-to-10-of-btc\/"},"modified":"2023-05-02T22:13:28","modified_gmt":"2023-05-02T22:13:28","slug":"ltc-could-rise-to-10-of-btc","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ltc-could-rise-to-10-of-btc\/","title":{"rendered":"LTC could rise to 10% of BTC"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1683063000668-3972fc8f-4ec6-4148-9093-122a4bfc55d4-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1683063000668-3972fc8f-4ec6-4148-9093-122a4bfc55d4-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1683063000668-3972fc8f-4ec6-4148-9093-122a4bfc55d4-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2023\/05\/1683063000668-3972fc8f-4ec6-4148-9093-122a4bfc55d4-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li dir=\"ltr\">Litecoin creator Charlie is bullish on the LTC price.<\/li>\n<li dir=\"ltr\">In a Twitter thread on Tuesday, Lee said he sees the cryptocurrency as having lots of potential.<\/li>\n<li dir=\"ltr\">He noted that Litecoin was fairly launched and has had over 11 years of zero downtime.<\/li>\n<\/ul>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/litecoin\/\"><u>Litecoin (LTC)<\/u><\/a> creator Charlie Lee says he sees the cryptocurrency as having value even as its price remains a fraction of <a href=\"https:\/\/coinjournal.net\/bitcoin\/\"><u>Bitcoin (BTC)<\/u><\/a>, the pioneer asset that inspired what is often dubbed digital silver.<\/p>\n<p dir=\"ltr\">In a tweet <a href=\"https:\/\/twitter.com\/SatoshiLite\/status\/1653298450824568833\" rel=\"noopener noreferrer\" target=\"_blank\">posted<\/a> early Tuesday, Lee highlighted what he says are undeniable pointers to Litecoin\u2019s key strengths. He sees Litecoin price gaining against <a href=\"https:\/\/coinjournal.net\/news\/tag\/bitcoin\/\"><u>Bitcoin<\/u><\/a>.<\/p>\n<p dir=\"ltr\">\u201c<em>It\u2019s 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<\/em>,\u201d Lee noted.<\/p>\n<h2 dir=\"ltr\">Charlie Lee is bullish on Litecoin price<\/h2>\n<p dir=\"ltr\">Sharing his price outlook for LTC, Lee said he expects the digital silver to rally to new highs. He notes that the current market values Litecoin around 1% of Bitcoin, which is \u201caccurate.\u201d However, with \u201ca ton of potential\u201d, the altcoin could rally to 10% of BTC.<\/p>\n<p dir=\"ltr\">Lee says the cryptocurrency\u2019s higher throughput, scalability, better fungibility and privacy are key features that could aid the coin\u2019s price.<\/p>\n<p>According to him, going to 0.0125 BTC in the next bull cycle is possible. On the downside, the LTC creator gives a <a href=\"https:\/\/coinjournal.net\/litecoin\/price-prediction\/\"><u>Litecoin price prediction<\/u><\/a> of 0.0025 LTC\/BTC.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<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>\n<p>\u2014 Charlie Lee \u24c2\ufe0f\ud83d\udd78\ufe0f (@SatoshiLite) <a href=\"https:\/\/twitter.com\/SatoshiLite\/status\/1653298453181796353?ref_src=twsrc%5Etfw\">May 2, 2023<\/a><\/p>\n<\/blockquote>\n<p dir=\"ltr\"><a href=\"https:\/\/coinjournal.net\/news\/tag\/litecoin\/\"><u>Litecoin<\/u><\/a> traded at around $89 on Tuesday 2 May 2023, roughly 2% up on the day against the US dollar. Meanwhile, it was changing hands at 0.00307886 BTC, with the LTC\/BTC pair just 0.1% in the green.\u00a0<\/p>\n<p dir=\"ltr\">While Litecoin price reached its all-time high above $410 in May 2021, its gains paled in comparison to Bitcoin\u2019s rally to its all-time peak above $69,000.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/litecoin-creator-charlie-lee-shares-huge-prediction-for-ltc-price\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Litecoin creator Charlie is bullish on the LTC price. In a Twitter thread on Tuesday, Lee said he sees the cryptocurrency as having lots of potential. He noted that Litecoin was fairly launched and has had over 11 years of zero downtime. Litecoin [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":20502,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20501"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=20501"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/20501\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/20502"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=20501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=20501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=20501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}