Litecoin creator Charlie Lee on Tuesday for the first time talked about the price of LTC ahead of the LTC halving. He personally predicts at least a 10% increase in the price of LTC compared to BTC.
Traders expect a massive increase in LTC prices after the halving and improvements like the LTC-20 standard for Ordinals on Litecoin.
Litecoin creator Charlie Lee in a tweet on May 2 revealed his LTC price target. This shocked the Litecoin community as he tweeted about the Litecoin price target for the first time.
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. https://t.co/erotIo38Oc
— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) May 2, 2023
He is of the opinion that LTC is better than BTC from a technological point of view because of its higher throughput by design, scalability with connection blocks, and better functionality and privacy than MWEB.
He predicts the price of LTC with a potential increase of 10% compared to Bitcoin after the halving in early August. Charlie Lee sees the LTC/BTC price at 0.025. Currently, the price of LTC/BTC is trading at 0.003, well below the target price.
The halving is expected to occur on August 2nd at 20:34:57 UTC. Currently, the LTC block reward is 12.5 LTC per block and will decrease to 6.25 LTC per block after halving.
The price of LTC is currently trading at $88.33, up 1% in the last 24 hours.
