Charlie Lee has announce he is quitting Coinbase where he is a director of engineering.
"Today's my last day at @coinbase! I will miss working with you all.
I'm going to shift my focus to Litecoin now. To the moon! "
The move is the first major event for the Litecoin community since SegWit activation caused a giant price rise in May.
While a long time ago in terms of 2017’s cryptocurrency price action, Litecoin just six weeks ago was the star of altcoin markets, regularly outperforming other top 10 assets and bucking downward trends.
Responses to Lee on Twitter were therefore keen to forecast a new surge upwards in a market currently dominated by Ethereum (ETH).
Last week, Trezor became the first Litecoin hardware wallet to support SegWit.
"To the moon" has come to be a red flag for me!