I own some Litecoin, have previously been vocal about my love for Litecoin, will hold it for now since I got in at a decent price, but won't hesitate to sell if I don't see it doing something that sets it apart from all the exciting new, lightning fast, scalable tech with low transaction fees.
I'm getting weary of Litecoin. The coin itself still has a decent usecase and of course I know the whole "silver to Bitcoin's gold" analogy, but silver can tarnish, dudes.
What bugs me the most is that Charlie Lee (aka Satoshi Lite on twitter) is acting like a McAfee Lite (McAfLee Lite?
) instead. He totally rained on the Litecoin parade when it was at its all-time high with his tweet about not buying if people can't handle it dropping to $20.
Then he made a big deal of announcing on Twitter that he had sold most of his holdings. Sure, he said it was a "conflict of interest" thing but if he wanted to make it known that he had sold his LTC, there are more subtle ways of announcing these things that won't rock a volatile market.
I think that someone who wants to really support his coin won't be doing things like this when everyone knows that crypto reacts massively to news - both positive and negative. Makes me think he has a bit of a God-complex and loves to see what impact his tweets have on the market.