Litecoin is a cryptocurrency that is viral in the coming altcoin news, mostly because of the significant amount of fear, uncertainty and doubt that is around it. Following the recent halving event, a lot of analysts thought that Litecoin (LTC) would surge – and so did the Litecoin founder, Charlie Lee.
In fact, the founder of the cryptocurrency has been attempting to clear the air of any concerns in a recent tweet thread. As he said, the LTC development is still strong. However, the Litecoin founder also knows that the investors may be still disillusioned by the price action for LTC – which could eventually lead to an exodus and push them away from the popular altcoin.
The recent thread of tweets started when Charlie Lee, the founder of Litecoin, explained to the concerned investors that there are two main sources of the FUD that is surrounding LTC right now. He noted that the first source is that LTC has had no code commits on GitHub in 2019. This makes it clear that no work has been done on the cryptocurrency this year. The second source, according to the Litecoin founder, is that they don’t work on the master branch of the main project.
“Recently there’s been a lot of FUD about Litecoin having no code commits in 2019. When you look at Litecoin GitHub… it would seem like we did no work in 2019. There are actually 2 reasons why this is the case even though we have been developing,” he explained on Twitter.
4/ Recently there's been a lot of FUD about Litecoin having no code commits in 2019. When you look at Litecoin GitHub (https://t.co/n7wkCakpL9), it would seem like we did no work in 2019. There are actually 2 reasons why this is the case even though we have been developing.
— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) August 11, 2019
The latest cryptocurrency news also featured Lee responding to the FUD by explaining that the Litecoin code releases lag behind Bitcoin releases by a few months. He further noted that they generally don’t work on the master branch of the main project which has been one factor which critics have previously pointed to in an effort to make some unfounded claims that Litecoin stopped developing.
According to the other tweets by the Litecoin founder:
“This is how Litecoin Core development has functioned for years. We even had the same FUD last year! Someone looked at our master branch last year and claimed that Litecoin stopped developing in 2018. And I bet even after this explanation, we will have people confused in 2020.”
10/ This is how Litecoin Core development has functioned for years. We even had the same FUD last year! Someone looked at our master branch last year and claimed that Litecoin stopped developing in 2018. And I bet even after this explanation, we will have people confused in 2020.
— Charlie Lee Ⓜ️🕸️ (@SatoshiLite) August 11, 2019
Right now, we can see that there is a lot of FUD surrounding Litecoin. Investors are probably looking for reasons to ditch their LTC too – but just like they were described on many best cryptocurrency news sites – the Litecoin founder and the community are nothing but a ghost town right now.
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