LTE is a mobile network technology standard that aims to provide faster data speeds and lower latency compared to 3G. Its goals are to transmit data at rates over 100 Mbps downlink and 50 Mbps uplink while reducing latency to less than 10 milliseconds. Key factors enabling LTE's high performance include new modulation techniques like OFDM, scalable bandwidth allocation, and MIMO technology. LTE also simplifies the core network architecture and enables more automated network management. These improvements provide users with richer multimedia services at lower cost to operators and devices.