Today Verizon Wireless announced the full details for their next budget-friendly 4G LTE smartphone. The LG Lucid will be available in stores and online on March 29th and retail for $79.99 after a $50 mail-in rebate with a new two-year customer agreement.

A quick review of the specs show this is a decent Android phone for the price. The LG Lucid features a large 4-inch display, dual-core processor, and 4G LTE connectivity. We will reserve judgement till we get our hands on one, but the LG Lucid has the potential to become our best budget phone pick in the next Verizon buyer’s guide.

Highlights of the LG Lucid include:

  • Android 2.3 (upgradable to Android 4.0 Ice Cream Sandwich)
  • 4 inch display protected by Corning Gorilla Glass
  • 5-megapixel rear-facing autofocus camera with flash and full HD (1080p) video capture, front-facing camera
  • 1.2 GHz dual-core processor (model unknown)
  • 1 GB RAM
It’s unfortunate that new phones are still shipping with the Android 2.3 operating system that debuted in 2010, but at least Verizon guarantees it will eventually receive Android 4.0. No timeline for the software upgrade was provided, so keep that in mind if you are thinking about picking one up.

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