And this is a reason to think that litecoin is going to die? Of course not.
the Litecoin creator sold all his assets of his own currency.
I think this might be a bad sign for the long term price development, what do you think?
If you develop a coin, and it went up by more than 1000 times since you created it, wouldn't you feel tempted to sell it to have your own profit?
I think that he really deserve that money, do not be greedy.
He created that altcoin and a lot of people made incredible profit from that one.