Hi everyone,
Litecoin hasn't really took off like other cryptos but, and I am sure you all know by now, Charlie Lee (founder of Litecoin) resigned from Coinbase to solely focus on Litecoin which is great news.
At the time of this post Litecoin is at $29.73. Some speculate that this is a cryptocurrency to buy now for long term investment.
I am curious as to what everyone here thinks? Are you guys optimistic in the long term potential of Litecoin?
I don't think so. And no offense to litecoin either - i think that litecoin is one of the best altcoins out there.
Charlie Lee resigning from Coinbase isn't exactly good news. Having the litecoin founder also having a say in one of the biggest bitcoin and altcoin exchanges and wallets in the world is something special, and obviously he probably got litecoin on coinbase as well, without his position at coinbase this probably would have never happened.
Especially when the price is already risen 30% today, it's not good to buy in. Buy the rumour, sell the news. Holding litecoin bitcoin and ethereum classic in the long run makes a healthy portfolio but gotta make sure you don't overpay as well.