DonAlt analyst says Litecoin will surpass Ethereum in the near future

A popular cryptocurrency analyst under the pseudonym DonAlt shared his predictions about the future of altcoins with his Twitter followers. The expert currently expects Litecoin (LTC) to grow significantly. Moreover, DonAlt is convinced that LTC $73.75 Litecoin 0.31% Market capitalization $5.51 billion VOL. 24 hours $29.41 million will surpass Ethereum in the short term.

«The Litecoin chart looks very good right now. The token is growing linearly and I see great prospects for it,» DonAlt emphasized. Over the past week, LTC grew by 7.9%, and in 30 days, it has risen by 14%.

«Do you remember when I said that Litecoin from $ 60 could reach $ 300 per token, and people laughed at me? Now LTC is trading for $ 100, so I expect further growth to $ 200,» the analyst said in early February. According to DonAlt, LTC has every chance to go higher than Vitalik Buterin's digital asset in terms of percentage.

Litecoin is one of the first altcoins to be created, founded in 2011 by former Google engineer Charlie Lee. He sought to create a lighter version of Bitcoin that would allow for almost instant and inexpensive payments. Litecoin used the code and some of the features of bitcoin in its blockchain, but prioritized the speed of transaction confirmation. Because of its similarity to BTC, the Litecoin blockchain is used as a testbed for developers to experiment with technologies they want to implement in bitcoin. Similar to BTC, it is deflationary in nature and conducts a halving every 840,000 blocks (approximately every 4 years). The next halving is expected in August 2023.