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?
Looks like he want to buy back some LTC and is trying to bring the price down first. Of course he could be right and selling now is a good time. Who knows.