Hello dear steemit-users,
I want to have a short discussion about Litecoin; one of my favorite coins.
As you might already know: Charlie Lee recently sold all his litecoin which caused the price to drop by more than 30%, since this moment the price still has not fully recovered which worries me.
Charlie recently announced that he reduced the Litecoin fee even more which is definitely good news and made the price recover a little bit, although not to the all time high price. He also stated the price of Litecoin does not really matter to him, he wants Litecoin to be used and be the best transaction cryptocurrency.
I am a little worried that a lot of investors will sell their litecoins because of these reasons, since most investors in cryptocurrency want to earn profit and make money, Litecoin does not seem to offer this anymore.
What do you think? Am I right or not? Where do you see Litecoin heading in 2018?
Do you think the coin will reach a new ATH soon?
Thank you for reading, your opinion is important to me so make sure to give your reaction.
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MAXIDIGI