Did Charlie Lee sell all of his Litecoins?

Save my name, email, and website in this browser for the next time I comment. In the early hours of Dec. 20, 2017, Litecoin creator Charlie Lee made a stunning announcement on Reddit: He sold almost all of his litecoins.

Why was Litecoin created?

As its name suggests, Litecoin was originally created to improve several of Bitcoin’s perceived shortcomings, such as slow transaction processing speeds and mining monopolies. LTC is built to be used in everyday transactions, whereas Bitcoin has evolved into more of a “store of value.” What Is Litecoin?

Is Litecoin a good cryptocurrency?

Litecoin is highly liquid, which makes it a crypto for easier trades. In fact, Litecoin holders will find that merchants such as Newegg, SlingTV and even nonprofits like the American Red Cross are happy to accept their cryptocurrency. You can also use digital currency apps like BitPay or CryptoPay to make a payment using LTC.

Is Litecoin reversible?

While Litecoin still requires a minimum of six confirmations from most exchanges to be considered irreversible, peer-to-peer (P2P) crypto payment networks can often settle Litecoin transactions almost immediately.