Where they are going to take money for further development? Who will pay for all this? How are they going to pay to developers? IMHO this is just speculation news.
It's open-source, so while some developers may get paid for their work, it also relies on the fact that devs volunteer their time.
This isn't some crappy ICO we're talking about, it's Litecoin.
If there's one person who I'd believe about the status of their project, it's definitely Charlie Lee.
Thank you very much, of course it is all speculation here but Litecoin has been in existence as long as we can remember. It also has a good case on my end, I'm sure everyone still remembers how the fees are very high during the height of bitcoin in 2017. And as a gambler, I uses Litecoin as an alternative token that time.
but as actually being "dead" goes, i don't think we can call it dead but at the same time LTC doesn't really have anything new either. most of what they do is copy bitcoin! SegWit, LN, Coinjoin, Schnorr,... all are copied from bitcoin over to litecoin that is why many even consider LTC to be the bigger testnet for bitcoin.
This is also one of Litecoin's strength, it is the
guinea pig of bitcoin. So as long as bitcoin exists, Litecoin will still be there.