Home / Litecoin Price Predictions / Charlie Lee disposes of all his LTC holdings
Charlie Lee disposes of all his LTC holdings

Charlie Lee disposes of all his LTC holdings

Litecoin’s founder Charlie Lee has “sold and donated” all of his LTC tokens, nevertheless he is “not quitting” the cryptocurrency he created.

In a post on Reddit, printed right now, Lee talked about that he’s usually accused of talking regarding the Litecoin price for his personal revenue.

“Some people even think I short LTC! So in a sense, it is conflict of interest for me to hold LTC and tweet about it because I have so much influence,” Lee talked about throughout the submit.

“I have always refrained from buying/selling LTC before or after my major tweets, but this is something only I know. And there will always be a doubt on whether any of my actions were to further my own personal wealth above the success of Litecoin and crypto-currency in general,” he added.

Lee moreover talked about that the amount of Litecoin tokens he supplied on Wednesday represented a small share of the each day amount on Coinbase’s cryptocurrency alternate GDAX, so the sell-off “did not crash the market”.

In one of his newer price-related tweets, Lee warned patrons to not get carried away by Litecoin’s record-breaking rally in December, reminding them that buying LTC was “extremely risky”.

“I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can’t handle LTC dropping to $20, don’t buy,” Lee talked about.

In right now’s shopping for and promoting, the Litecoin price stood at $313.05, as of 16:52 GMT. The coin has misplaced 11.7% of its price before now 24 hours.

For more information on learn to buy and commerce Litecoin, see our full Litecoin guide.



Charlie Lee disposes of all his LTC holdings

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