yes correct Charlie Lee left Coinbase to focus solely on Litecoin.
He like many others see a potential in this and with positive
developments over the last 2 months Litecoin is only going up.
Lite Coin is something good coin if this coin potential is very slow I think.I bought 20 LTC when worth of 4$ per coin.This coin is just perfect for long term hold.
Holding LTC is not good idea because I was no believe to the potential of this altcoin due to unstable movement of litecoin in the market. I think developer of this coin was lose hope. However, hoping that this altcoin was still fight to survive in the market.
Im struggling to find unstable movements in Litecoin, I just checked
again on Bittrex to make sure I hadnt missed anything and yup it is
at $66.00 . . . up AGAIN
so your second point about the developer loosing hope doesnt make
any sense because Litecoin is actually too stable for a lot of people
who want big movement for their trading activity.
The development team seem to be doing quite a nice job IMO