Charlie Lee says Litecoin correction coming

[waarishi]

bro's.

Just HODL, my god what a discussion lol.

[miningguru]

Suddenly the price of LTC has increased a lot and yes soon there will be a correction happened. Soon the price of LTC will drop 250$ and will consolidate at 230$ to 250$ for sure.

[pedrog]

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?

We are all expecting a correction in bitcoin price since $5000, the thing is nobody now when will happen and how high this bull run will go.

Hold tight your coins, take some profit, enjoy life.

[slaman29]

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?

He isn't saying soon, he is just saying that is what he expects. And he is basing this off his experience with being in crypto for seven years. I believe he is only giving a word of caution that markets are cyclical. Perhaps this crypto thing is still new and we won't observe steady trends for a long time, but I think he is right to expect what should be expected. He is one of the few realists around, I really like him (and Litecoin).

If you're a Litecoin holder, then the price doesn't matter. If you're a profiter/trader, then sure, lock in your profits now.

[Jumli]

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 am not convinced by the predicted decline of up to 90% of this, from my vision of ltc for the upcoming will surely rise in price because from 2016 ltc there is always an increase ,, there is indeed a decrease but from last year the decline was not to exceed 95%