Charlie Lee says Litecoin correction coming

[AboeHoeraira]

Nah he is clearly not talking for real, just trying to supress the hype and telling people they should not panic sell when it goes down a bit.

The prize is stabilizing every few hours btw its not just rising like crazy; when it raises for example by 50 dollars, later it will go back down 30-40 dollars and slowly regain the raise again etc. When it reached 250 for the first time it went back to 230, then moved up till 340, went down till nearly 300 and went back to 310

It's right now pretty much stabilizing at 310-320

a dip till 150 seems VERY unlikely to me, heck i don't even think it will go below 250 dollars anymore since today lol if it corrects big then maybe somewhere between 200 and 250 is a possibility but i highly doubt it

If you ask me the ''1XX'' days of litecoins are over and the 2XX might be as well

[karabiber]

he didn't say correction is coming, he said there must be a correction some time. we don't know if it will be tomorrow or 3 months later. this is true. don't put all your money in litecoin. invest at your own risk.
he is trying to say that, don't get burned when crypto currencies start to crash so fast.

[desi92]

If we talk about correction, every coin will face that correction soon or later. Nobody know when for sure.
If we want to buy altcoin in good price, we will expect the correction too before buying.

[BenAlexanders]

This is why I like Litecoin... The team doesn't sit there shouting 'moon' and 'lambo' ad nauseam.

Charlie has a plan for sustainable and stable growth of the platform. Which occasionally gets interrupted when the BTC whales are looking for a sanctuary in uncertain times.

[SunJAB]

I like Litecoin very much because it has a professional DEV team and has a very clear strategy. Litecoin is currently on the rise despite the decline in the altcoin market due to the impact of bitcoin. Charlie Lee is a very responsible and assertive person.

[Denamen]

This is the same as Vitarik Buterin. He said ethereum in the bubble now. But who care? ethereum still x2 so I think litecoin can go up more. keep hold

[kojoannan]

I liked Litecoins because of the stability but the manner it is flactuating these days, I guess I have to sell all my coins for a safe haven coins.

[gokayc]

I aspect and correction on Litecoin too. Its price too high in short time. For sure so many trader will want to get some profit from this last price explosion so they will sell at least some of their coins and this will cause some drop. Maybe 10 % maybe 60-70% noone knows.

[Sephire]

Well, we did have  a correction from $400s down to below $300 and now in low $300s.
Maybe it will stay around $300 for another day or two before going higher.

[SONG GEET]

Price is still pumping rather than going through correction but I also think current pump on litecoin is just fueled by high speculation and hype around.

Price has increased by 3x within a week or better to say in last 5 days which can't be stable pump for sure. Correction might be around the corner....

[bgdmxd]

I'm hoping for a correction to buy a few more LTC, but so far this year calling tops and predicting corrections had not been easy. Who knows, maybe it will come tomorrow, or a week later.

[Briian007]

I do not think Litecoin will back to that target Charlie said. If the price reduce to that target, the market will become more un stable and the bubble may be explosion any time.

[onetwostep]

I think what they say is very true. This guy is the founder of this coin and he even realizes that the price rise is dangerous.
He does not want to be in the coin fluctuations.

[Geleve]

Litecoin has still a good potential. If you want to hold for long term and if you have enough patient character, it is not a problem at all. Even if it drops a bit after a while it will continue to climb up more and more.

[okala]

Charlie Lee tweeted that he expects a Litecoin correction soon. Here is the tweet

"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...

Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "

Might be a good time to sell for profit before the correction. any thoughts?

I respect Charlie Lee because most of his views about a coin do come to pass. This is expected because litecoin cannot sustained the bullish momentum and a heavy corrections is underway that might push litecoin price below  150. The current price of over  $350 was push too far without creating were price can have some support.

[Bittoshi]

Charlie Lee tweeted that he expects a Litecoin correction soon. Here is the tweet

"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...

Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "

Might be a good time to sell for profit before the correction. any thoughts?

Looks like he want to buy back some LTC and is trying to bring the price down first. Of course he could be right and selling now is a good time. Who knows.

[tokeweed]

Charlie Lee tweeted that he expects a Litecoin correction soon. Here is the tweet

"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...

Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "

Might be a good time to sell for profit before the correction. any thoughts?

No sh*t Sherlock.  LTC's current rise looks very pumpy imho.  But I wonder why he's telling everybody that it will fall back to 20 USD.  Does he know something that we don't?  It's really unusual for a guy directly involved with the project say something like that knowing the risks it could cause the traders.

[burky156]

I am Litecoin owner and after i read this post i deposit all my LTC's to my bittrex account and wait online for exchange to bitcoin. I was really happy for the LTC raise but now i am very nervous.. I don't understand why would Charlie Lee made announcement like this?? Really i don't know what to do but 6 hours ago the LTC price was $335, now $308. I think i will exchange it..

[wagi]

Charlie Lee tweeted that he expects a Litecoin correction soon. Here is the tweet

"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...

Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "

Might be a good time to sell for profit before the correction. any thoughts?

My opinion, now is good time to sell too. Why? Litecoin run is going to the top and correction will happen soon.
Before correction, i will suggest to sell and buy back in lower price.

[baronious]

Charlie Lee tweeted that he expects a Litecoin correction soon. Here is the tweet

"Ok, sorry to spoil the party, but I need to reign in the excitement a bit...

Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy! "

Might be a good time to sell for profit before the correction. any thoughts?

My opinion, now is good time to sell too. Why? Litecoin run is going to the top and correction will happen soon.
Before correction, i will suggest to sell and buy back in lower price.

Litecoin isn't correcting anytime soon..Looks like the target is $500 now based on the TA so I wouldn't recommend selling right now.