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Topic: Charlie Lee says Litecoin correction coming - page 3. (Read 1627 times)

newbie
Activity: 42
Merit: 0
December 12, 2017, 01:34:45 PM
#5
I like litecoin but this is crazy.  Is this a push from asian investors?  I can't figure this one out
full member
Activity: 336
Merit: 100
December 12, 2017, 01:33:31 PM
#4
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?

So strange for him to come out and say that, perhaps he is shorting his own currency?  Huh Huh I think a correction is a given but to such low levels I don't think so. Maybe to around $150.
full member
Activity: 126
Merit: 100
December 12, 2017, 01:30:36 PM
#3
Charlie Lee is a real gent.
that said, i've liquidated about 60% of my LTC position and aiming to re-buy in, probably between 100-150USD or 900-1200k sats... great day, though!!
newbie
Activity: 1
Merit: 0
December 12, 2017, 01:16:54 PM
#2
It says something very positive about Lee to make that statement. If you respect creator honesty hold on to it.

That said its about to plateau or correct so sell for profit and re-buy in
full member
Activity: 378
Merit: 101
December 12, 2017, 01:10:42 PM
#1
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?
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