Charlie Lee, the man responsible for the creation of Litecoin and former director of Engineering at Coinbase Global Inc., expressed his bullishness in a recent tweet, drawing attention to the prospects of seeing a significant rise in the price of Litecoin relative to that of Bitcoin in the upcoming bull market. By suggesting a target margin of 10% from this prospective peak, Lee provocatively noted the potential for the digital asset to retest its all-time highs in US dollar value.

Coming up this August, Litecoin is due for its third halving event, which will cut the amount of new coins minted per block in half from 12.5 coins to 6.25 coins. It's been observed in the case of Bitcoin that its prior halvings have resulted in notable price spikes, and Litecoin is expected to follow its big brother's trend.

Lee underlined the competitive features of Litecoin's PoW perations, commenting that the 11.5 year operational lifespan of the asset speaks to its robust architecture that is capable of rivalling the giant Bitcoin network in regard to volumes processed and security. In terms of the other cryptocurrenciess like Dogecoin, Litecoin's PoW system is the third largest in the world, and the impending halving event is sure to introduce optimal conditions for an appreciation that could reach the attainable 10% margin.



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