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?
I respect Charlie Lee because most of his views about a coin do come to pass. This is expected because litecoin cannot sustained the bullish momentum and a heavy corrections is underway that might push litecoin price below 150. The current price of over $350 was push too far without creating were price can have some support.