Heres what Fender say:
Mustang LT50 incorporates what we’ve learned over decades of producing the world’s best-sounding guitar amps. It’s ideal for practice or performance, with 50 watts of power, a high quality 12-inch speaker, a super-simple user interface, full-color display, and a collection of presets covering a wide range of music—a “greatest hits” of electric guitar tones. The versatile signal chain with high-quality onboard amp and effects models produces amazing tones, making it the most inspiring 50-watt amp in its class. And with a free Fender TONE 3.0 download, use your desktop Mac or PC to edit, store and manage your presets with ease. Mustang LT50 is a fun, flexible and easy-to-use modeling amp for any guitarist. It’s the only 50-watt amp in its class with such a rich feature set.
The amp has 60 memory banks to store and save your tones, with 20 amp-types and 25 different effects built in you can sculpt your tone however you like! From classic Fender sparkling cleans through to more modern high-gain tones for metal and rock! The tones are controlled through a simple, user friendly display that clearly indicates which amp model/effect is in play. The 30 preset tones are already set up with a variety of awesome tones to get you rocking as soon as you plug in!
Also built into the amp is a chromatic tuner, a stereo aux in so you can jam along with backing tracks as well as a headphone input for silent practice! This 50W powerhouse of an amp gives you great tonal possibilities with lots of headroom to crank up and play loudly if required too!