Litecoin impressed everyone when it managed to grow from $100 to $300 in a short matter of time. However, everyone is wondering if Litecoin is going to stagnate, drop or grow even higher now that 2018 is here. Even though it’s basically impossible to determine which way Litecoin is going to take, the cryptocurrency is expected to break the $400 milestone during the upcoming months.
Charlie Lee Sells Litecoin Stock
Charlie Lee is one of the world’s most influential speakers about cryptocurrencies. The man is known for making right predictions and for helping smaller cryptocurrencies get the publicity they need. Nonetheless, Charlie Lee used to own a large amount of Litecoin and he recently decided to sell while the price was high.
The fact that Charlie Lee sold his Litecoin is making people wonder if he has any inside information of what’s in store for Litecoin. Fortunately, Charlie Lee decided to let the entire world know why he sold his Litecoin and what he believe is going to happen to the cryptocurrency.
Here is what the famous cryptocurrency expert Charlie Lee had to say about Litecoin: “Seeing how people lost trust because I sold makes me more convinced that it was the right move. Litecoin was centralized and depended on me. Eventually, for Litecoin to succeed, I need to step away. But I promise I won’t do that until I’ve helped LTC climb past the ATH”.
Litecoin Doesn’t Lose Value
Even though Charlie Lee’s actions is influencing some people to withdraw their funds, the fact that matters is that Litecoin managed to keep its value that it recently gained. Nearly all cryptocurrencies have fluctuating prices, but not all of them are able to keep them while high. Therefore, things are looking good for Litecoin right now.
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