Litecoin Founder Sells All of His LTC

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Litecoin (LTC) founder Charlie Lee just recently announced on his Twitter and Reddit that he is selling all of his savings in Litecoin.

He wrote:

“For the first time in 6+ years, I no longer own a single LTC that’s not stored in a physical Litecoin. (I do have a few of those as collectibles.)”

Luckily this didn’t crash the market, but it still raises red flag for several of the LTC owners.

The reason for selling all of his LTC:

“…whenever I tweet about Litecoin price or even just good or bads news, I get accused of doing it for personal benefit. Some people even think I short LTC! So in a sense, it is a conflict of interest for me to hold LTC and tweet about it because I have so much influence.”

Which is reasonable if you think about it. We will see what the future holds, but the charts for Litecoin over last month look decent and stable compared to the competition:

Litecoin 1m