Analyst Says Charlie Lee Unveils Price Target For LTC In Next Bull Run

In the next bull market, Litecoin (LTC) founder Charlie Lee will reveal how high the 13th-largest crypto could rise.

Lee tells his one million Twitter followers that Litecoin has value because it has a unique niche.

Lee says Litecoin has operated without downtime for almost a decade and has low fees.

“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 (application-specific integrated circuit) miners, is fairly launched, and has 11.5 years of history with zero downtime.”

The Litecoin founder also believes LTC is properly valued, but since it went through considerable modifications over the years, it has more possibility for development.

“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 (MimbleWimble Extension Blocks).”

Litecoin’s greatest update, MWEB, launched in May 2022. MWEB lets users send secret LTC transfers without revealing their address balances.

Lee predicts a $719 bull run for Litecoin.

“I can see an upside target of 10% (0.025 LTC/BTC worth $719). In the next bull market, 5% (0.0125 worth $359) shouldn’t be too hard to achieve. I honestly don’t see it going much below 1% (0.0025 worth $71.94) on the downside. The next halving will be in ~92 days. It’ll be fun.”

At $88.67, LTC has a potential upside of approximately 710% if it hits Lee’s aim.