Approximately 9 months ago the creator of LiteCoin, Charlie Lee, announced to the world that he sold all of his LTCs. If you want to read more about it, we cover the news "The creator Charlie Lee, sells his Litecoin." In a recent interview he stressed that he does not intend to buy them back.
That was the answer to a question during an appearance on CNBC on August 27, during which Lee discussed two main issues: The difference between BTC and LTC and, the performance of the currency he created.
Lee had told the network that he believed that investors should buy at least 1 BTC before Litecoin or any other cryptocurrency. He stresses that he continues to support his creation from afar, although he has a severe opinion of current performance.
Current situation
He considers that the latest decisions have not been the most fruitful, being reflected with the association with TokenPay in July, buying an action from a German bank, which provoked a new negative reaction derived from the dubious reputation of TokenPay.
Highlight that there is currently some instability with LTC, however, current projects point to a medium - long term balance, even the TokenPay project, in words, will be promising and innovative for the financial world.