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?
My opinion, now is good time to sell too. Why? Litecoin run is going to the top and correction will happen soon.
Before correction, i will suggest to sell and buy back in lower price.
Litecoin isn't correcting anytime soon..Looks like the target is $500 now based on the TA so I wouldn't recommend selling right now.