Post
Topic
Board Speculation (Altcoins)
Re: Charlie Lee says Litecoin correction coming
by
tokeweed
on 13/12/2017, 07:36:30 UTC
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?

No sh*t Sherlock.  LTC's current rise looks very pumpy imho.  But I wonder why he's telling everybody that it will fall back to 20 USD.  Does he know something that we don't?  It's really unusual for a guy directly involved with the project say something like that knowing the risks it could cause the traders.