Gradual warming to cryptocurrencies by financial companies combined with both retail investments and institutional interest has carved the way for litecoin’s renewed momentum in 2021.
Litecoin is Riding the Bull Market to its Next Resistance Level
Litecoin had a challenging start. In late 2017 its founder, Charlie Lee, allegedly sold his entire bag of LTC “to concentrate on the project’s development.” Lee, understandably, received a lot of criticism for his decision.
The founder, that goes by the Twitter handle Satoshilite (a reference to bitcoin creator Satoshi Nakamoto) didn’t hold back, replaying a year later:
I sold because holding LTC made it a situation where I may do something to pump the value short term. but is bad for the long term success of Litecoin. I didn’t want that conflict. I’ve explained this many times. If all you still don’t understand, I can’t help you. Be gone.
— Charlie Lee [LTC⚡] (@SatoshiLite) July 7,…