Litecoin [LTC] Creator Charlie Lee says ‘A ton of good news but price does its own thing’

Charlie Lee, the Founder, and Creator of Litecoin has tweeted about the recent LTC updates. This seems to be a good news to all the Litecoin proponents.

Charlie Lee’s recent tweet says:

A ton of good news but price does its own thing. Remember that this is a marathon not a sprint. Build it and they will come. #PayWithLitecoin

Some of the eye-catching news are LTC being added on Gemini, the cryptocurrency exchange platform led by the famous Winklevoss brothers.

The mobile digital currency wallet, Abra founded by Bill Byrhadt has also announced the team is currently making the cryptocurrency transactions free on Abra, and LTC is one among them.

Komodo [KMD] which is ranked at the 58th position on CoinMarketCap has announced that LTC/KMD pairs are being traded on BarterDEX exchange platform.

Another open source decentralized exchange platform called OpenBazar is now allowing Peer-to-Peer [P2P] LTC trading.

Börse Stuttgart, one of the famous stock exchange based in Germany is launching a crypto trading app called Bison, which favors LTC trading along with other cryptocurrencies.

A cryptocurrency enthusiast on Twitter says:

“We need an announcement from Charlie that he just purchased all his LTC back. This is the only way LTC will moon.”

Poseidan, an LTC supporter commented on Charlie Lee’s tweet:

“You are telling us that other forces are really what causes price to “do its thing,” on a day to day / month to month basis.  You are a great crypto trader who has been around from the begining. You must be able to put your finger on exactly what is holding price down now. Share?”

Charlie Lee replied to him stating:

“People selling more than buying keeps the price down. Not trying to be mean, but it’s the truth. For many reasons, people aren’t buying and taking a break. So price goes down. There’s never one single reason why that is.”

At 10.30 AM UTC, LTC is trading at $135.43 with a market cap of $7.6 billion. The coin is at the 6th position currently with a loss of 2.19% in the past 7 days. However, it has shown a slight increase during the past 24 hours with a gain of 1.92%. It is also being noticed that LTC price has been fluctuating throughout the month showing and oscillating between $130 and $180.

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