Charlie Lee tweeted that he expects a Litecoin correction soon. Here is the tweet
"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is 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! "
Might be a good time to sell for profit before the correction. any thoughts?
"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...
Buying LTC is 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! "
Might be a good time to sell for profit before the correction. any thoughts?
So strange for him to come out and say that, perhaps he is shorting his own currency?
I think a correction is a given but to such low levels I don't think so. Maybe to around $150.