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Charlie Lee: “I Thought Litecoin Was Headed To $1,000”

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The Litecoin creator named Charlie Lee is in our latest cryptocurrency news, especially because of his Litecoin holdings and their offload near the peak. Even despite this, the Litecoin founder is optimistic about future gains.

In a podcast interview with the Morgan Creek Digital Partner Anthony Pompliano, Lee fielded some tough questions about his LTC portfolio as well as the state of the crypto industry. With this, Charlie Lee triggered the altcoin news – mostly because of one statement.

What many don’t know is that when Charlie Lee decided to sell his Litecoin holdings, the cryptocurrency was trading at approximately $400 – which was also the time when he expected the price to go much higher. As he said on the podcast:

“I actually personally did think it was going to keep going up. I didn’t think that was the peak…I thought it was going to hit $1,000.”

According to Charlie Lee, there are constant questions coming his way about the future price of Litecoin and the current LTC prices – even though he does not know where the Bitcoin or Litecoin prices are headed.

“If anyone tells you they know they’re lying,” Charlie Lee said. “No one knows if the price will go up or down. I’ve seen a few bull and bear markets. Sometimes it recovers. Who knows? I think if anything, it’s good we’re seeing some recovery. But don’t go all in. I tell people never to go all in.”

Charlie Lee also expressed his sentiment on Bitcoin, saying that the most dominant cryptocurrency is on a good way to eventually become the world reserve currency and coexist with fiat currency. In the end, Lee expects that there will be a handful of coins to have value.

“Bitcoin will be the major one and there will be a few other ones,” Charlie Lee concluded, showing that the BTC price will remain volatile as long as the future of the leading cryptocurrency remains uncertain.

The LTC price is right now hovering at $73 which is more than double where it was originally trading at the start of this year. Still, this is a far cry from the $1,000 level that he expected during the bull run of 2017.

As the best cryptocurrency news sites reported, Charlie Lee has come a long way from trading BTC locally in cafes like Starbucks to creating Litecoin.

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Litecoin News

Litecoin (LTC) Price Rallies Towards $105: Analysis

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Litecoin (LTC) price dropped yesterday in the $85 support zone where it found new support level and caused the price to switch trends in an upwards matter. The coming altcoin news shows us that this could be an indicator for another increase in the 5th wave from that started to develop on the upside. The price hasn’t gone below the $85 price point before it quickly turned the other way which means that there wasn’t a chance for a 2nd wave territory entry. This implicates that we could be seeing another increase to the upside very soon. If the price starts developing on the 5th wave, it could even go past the $106 price point. From the yesterday level of $85.35, the Litecoin (LTC) price increased by nearly 13 percent when it came up to the current $101. This is the highest point that the altcoin’s price has reached and has been traded. The price also increased parabolically which indicates there is a strong bullish presence. If you take a closer look at the hourly charts, the price of the altcoin is approaching the level of the prior high made over the previous weekend which ended on Monday. After the opening, the altcoin fell inside a territory of a horizontal support price range. This could mean there is strong support waiting at the $85 level area which means that anything below that is considered a territory of the 2nd wave out of the five-wave upside impulses. As noted in the latest cryptocurrency news, the end of the 3rd impulse wave ended as of last Thursday and the downside movement which was likely following the 4th wave ended yesterday on the interaction with the 1st wave ending as well. The momentum that was seen after the upward price movement could mean that we are about to see the Litecoin (LTC) price exceeding the one of last week’s high at $106.23. The price can even go higher to the horizontal resistance level at $109.35 before ending the five-wave move. This means an increase of about 3.2 percent is expected which is more than Thursday’s high before the end of the increase. As we are about to see, the development of the fifth wave and its end could bring to a higher downturn degree and a drop for the price of the asset.
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Bitcoin News

Crypto On WhatsApp: Send And Receive Bitcoin Litecoin As Of Today

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The latest cryptocurrency news today show that crypto on WhatsApp is not anymore a distant reality. The popular messaging app has decided to adopt two cryptocurrencies - Bitcoin and Litecoin - as the first two coins to be sent and received via the popular app. According to the official announcement by Zulu Republic, crypto on WhatsApp comes via an ecosystem of blockchain tools and platforms for organizations, businesses as well as individuals. https://twitter.com/ztxrepublic/status/1130169641626689537 Accessing Bitcoin and Litecoin on WhatsApp is now simple. All you need to do is add the Lite.Im WhatsApp bot after which you will receive instructions on what to do and how to start sending and receiving coins. On top of this, there are multiple other options for those who add the messaging bot such as earning digital coins through a referral program. Furthermore, the altcoin news show that users can also tweak the options. As crypto on WhatsApp is now a reality, they can set up a password, choose a language and also set a default coin. There is obviously much work left to be done as the two default languages are now Spanish and English. The company believes that the WhatsApp crypto features might lead to mass adoption. By introducing a new method of sending money through a messaging app, this may also be the benchmark for unbanked and underbanked to gain access to payment channels worldwide. Now that crypto on WhatsApp has landed, the big goals for the evolution of cryptocurrencies is simplifying the transactions. Even though many familiar with how crypto works argue that making transactions is already easy, less tech-savvy individuals might not agree. This is what many best cryptocurrency news sites reported over the past days. With a database that counts over 1.5 billion users, WhatsApp adopting crypto is a major milestone. There are many areas to which this service can expand. On another note, the adoption of cryptocurrencies is advancing rapidly, especially when it comes to Bitcoin. The price of Bitcoin and other altcoins obviously reflect this - which is best seen through the recent activity. As the largest coin is maturing, smaller cap cryptocurrencies are following it and posting gains.  
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Litecoin News

Litecoin (LTC) Price Analysis: It Needs To Be Above $87 For Bullish Outlook

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The price of the Litecoin cryptocurrency is in our latest cryptocurrency news. As statistics show, this is a great time for a  Litecoin (LTC) price analysis because of the recent movements. As you probably know, Litecoin has started decreasing and bled over 18% from the highs established 2 days ago. This could indicate that the price entered seller's territory and came up spiking impulsively close to the next significant resistance point. The fresh altcoin news show that there is a big possibility of another wave to the upside as the Litecoin (LTC) price analysis shows - which is something that will soon be verified from the price levels. If the price manages to hold above the current levels, LTC would be positive. However, it looks more likely that the expected downturn has already started. From where we stand right now, the Litecoin price needs to hold above $87 for the possibility of another increase to be considered before the starting downtrend of a higher degree. If we see the price below $87, it would enter the territory of the lower range with a worse scenario. For those of you who don't know, Litecoin has decreased by almost 19% from its high at $106 which was also its highest point this year. The price is currently traded at around $87 as temporary support has been found at the lower range resistance level. Looking at the 15 min chart, we can see that the current Litecoin (LTC) price analysis shows LTC falling to the significant resistance zone and below it - retesting the level on two occasions so far. The downfall was made after the price interacted with the resistance level of the expanding triangle which it was in since the last run up from the horizontal resistance zone. For now, the Litecoin (LTC) price is in a territory where it is between bears and bulls. In the coming altcoin news, analysts expect it to rise just as the market rises - and follow the trend established by Bitcoin and its smaller brothers, Ethereum and Ripple. Analysts expect that the trend will continue and optimists believe that LTC will establish a trend line in the positive support zone.
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Litecoin News

Litecoin Collectibles Now Sold In Auction By Charlie Lee

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Litecoin collectibles are now auctioned by the creator of Litecoin Charlie Lee after he liquidated his portfolio in 2017. However, there is a catch and in the altcoin news below we will explain what exactly it is. Lee is selling more Litecoin but the coins are not of digital nature. The LTC creator calls the Litecoin collectibles as ‘’unique collectibles’’ which are basically physical coins that are signed by Lee himself. He stated:
 “I got some of my Lealana 25LTC & 10LTC coins graded by ICG. The labels of these coins are signed by me. There are a total of 5x 25LTC coins and 8x 10LTC coins. I have no plans to do any more of these. The 10LTC are the first issue ones with the bump in the back behind the hologram.”
A ‘’BTC enthusiast’’ on Twitter, explained that he purchased one of the Lealana Litecoin collectibles at the Magical Crypto Conference in New York. He tweeted:
 “It’s loaded with 10 LTC. There is a private key concealed with a tamper-proof hologram on the obverse of the coin.”
Lee had the coins pre-assessed by the Independent Coin Grader which rates the coins based on the features. Similar to the altcoin, Lee only signed a set amount of coins which of course, bolsters their value. Litecoin, for example, has a finite supply of 84 million coins while Bitcoin has 21 million. Bidding for the litecoin collectibles starts at 0.1 LTC and Lee says he will also accept BTC payments. The auction will end on May 15. Lee has been trying to remind the crypto market that he sold his Litecoin portfolio during the peak price when a coin was worth $300. Now that the portfolio is empty, he moved to the litecoin collectibles. However, as noted in the latest cryptocurrency news, some users are now agreeing with his idea:
 “I am sorry but I think this auction is in poor taste. The guy made millions and had 1000’s and 1000’s of litecoins and sold them all at $300 and he has the audacity to sell these coins for his own profit? Donate the proceeds or something. I’m sorry, I don’t mean to be rude but this just doesn’t sit right with me.”
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