Litecoin to Break the $100 Mark?
By Lesia Dubenko 200 22 May 2023
Litecoin remains popular with some investors who believe that it has a potential to compete with Bitcoin.
Litecoin, a decentralized peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license and one of the earliest altcoins, is in the limelight.
Over the past seven days, the coin’s value has been steadily going up, almost crossing the $100 mark before settling at $94.97 press-time.
Meanwhile, Litecoin’s official Twitter handle reported that the coin has hit the 150 million transactions benchmark – just several days after Litecoin announced that a new major release to Litecoin Core is in the works. It includes “PSBTs, P2P Support for Light Clients, View Keys, Payment Proofs, and Descriptor Wallets.”
As a result, the Litecoin community got excited.
Sashimi Nagasaki who claims to be a crypto investor since 2017 tweeted, “When #Litecoin decides to stop fooling around with the EMA 21 month line, we will see some serious jump for $LTC. It has been messing with it for 4 months🙃 Let´s go #LTC 🚀 it´s time.”
Other LTC fans joined the party. Among them is Shan Belew who believes that LTC will be worth over $3000 one day and that it is Bitcoin too
“It's going to be funny when bitcoiners try and come on the Litecoin and Dogecoin only podcasts and get denied in the future,” he tweeted.
He also added that “the best trading strategies are to identify assets that are undervalued and provide minimal risk. Litecoin checks all the boxes with over a decade of 100% uptime, decentralization, and well you can actually see the network growth. Not to mention other narratives that will likely come in the future.”
Previously, Gagarin News told the story of Charlie Lee, the Litecoin developer who is a prominent figure in the cryptocurrency world.