Charlie Lee, a veteran of cryptocurrency and founder of Litecoin (LTC), has revealed that he is doing everything possible to push the price of Litecoin to new highs. According to Lee, the altcoin will soon reach a much higher level of the all-time price of $ 375.29.
Litecoin collapsed by 50% in January 2018, after reaching an all-time high of $ 375.29, and was unable to recover. Obviously, almost all the coins of the first 100 on CoinMarketCap have fallen after the historical highs of December and since then have not been repeated. Critics argue, however, that the decline in Litecoin has been so drastic and that the currency shows no sign of improvement.
Charlie Lee fought on Twitter after some critics went down on his wall to complain about the state of the coin whose current price is $ 83. Charlie Lee, among other things, tweeted:
"I'm doing my best to bring LTC to $ 400, so people like you will crap me all the time.Who left LTC ?!"
Lee stated that Litecoin will soon return to an appreciable point and also recalled that the mission of the Litecoin Foundation is to advance Litecoin for the benefit of society and not to push the price. According to Lee, the foundation has nothing to do with price, enjoining anyone to create a foundation that can help raise the price of LTC.
It must be seen if Litecoin can return to its all-time high, but recent developments around Litecoin are a step in the right direction. Charlie Lee has recently signed a partnership with TokenPay that led to the Litecoin Foundation, an independent entity, with a 9.9% stake in WEG Bank based in Germany. Lee tweeted after the agreement:
"The best case is that with this bank we are able to create and provide cryptographic solutions such as debit cards, merchant processing and other innovative solutions, but even with an interest and an influence in the bank, it is not guaranteed that Successful people have raised legitimate concerns that we still have to work with and be approved by players in current financial systems like Visa and SWIFT, but we certainly have more chances of success now that we have a stake in a bank with bank licenses. "
More information on the Litecoin Foundation and the 9.9% stake in a German bank are available here: Litecoin Foundation acquires a 9.9% stake in a German bank