I’ve been a fan of Litecoin since I first learned about it in 2013. The coin has many good fundamentals to it and I believe that Charlie Lee, the coin’s creator did things right as far as how he created the coin and how he worked to develop it. Towards the end of 2017 he tried to divest himself of his Litecoin holdings by selling off his stake in the coin. This resulted in many people and analysts attacking him for it, some even saying his action was reminiscent of a “pump and dump” scheme.
Personally I don’t believe that what Charlie did was wrong, he created something of value, worked on it for over four years and then sold it. Some of the same people who attacked Charlie for what he did have openly endorsed many of the ICOs which have come out over the last few years. The vast majority of these ICOs took in many hundreds of millions, if not billions of dollars of investors money and then literally disappeared. A number of these same ICOs ended up going to zero. If we compare these ICOs to Charlie Lee’s Litecoin we can easily see that Litecoin has been a far better investment.
One attractive feature is that Litecoin today is far more affordable than Bitcoin is, this affordability makes Litecoin far more accessible to the masses. I believe that if Litecoin continues to work on building up its fundamentals and continuing to innovate new software to improve its product that we could see Litecoin begin to be accepted by many more businesses around the world. This increased usage would of course result in Litecoin’s price being pushed higher.
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