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The founder of Litecoin (LTC) and of the Litecoin Foundation – Charlie Lee, came out to speak against the "FUDsters" who are spreading false news on the digital currency. In a defensive way, the founder expressed himself to keep speculations at bay and stated that, even if the value of the digital currency is very low at this time, it still has the potential to grow and will once again have enormous value [19659002] Statement by Charlie Lee
According to Lee's statement, "There has recently been a concentrated effort to overwhelm the price of Litecoin (LTC) from funds / people who are giving up Litecoin (LTC) and from groups who see digital currency as a threat Lee said he will clarify this FUD and show why the digital currency has enormous value Litecoin (LTC) has one of the safest networks of all alternatives Litecoin has more than $ 150 million ASIC hardware that protects it.The digital currency largely dominates the Scrypt extraction. "
Litecoin (LTC) Price Today – LTC / USD
He also added that digital currency processes daily value transactions of over $ 200 million and the network has worked perfectly for seven years. Litecoin (LTC) functions today as global decentralized sound money, which can be reversed or removed, can not be censored, can not be devalued and can not be counterfeited. Most Lightning Network clients and applications also support digital currency because they see the value of Litecoin (LTC).
Charlie Lee seems to ignore the fact that the digital currency is undervalued at the moment, and does not take this into account in the last two months, LTC has really fought to keep the values in the same way as other digital currencies on the market. In order for digital currency to recover, you must look for new use cases and announcements. Litecoin (LTC) is a digital currency with a real potential for adoption, so it must be accessible and viewed as a viable option in the real world.
