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Transcript:
0:00:00 Will Litecoin (LTC) Rally to $1,000 After August 2019 Halving?
0:00:05 This replace is dropped at you by “CoinCheckup News Updates” and was initially printed on “NewsBTC”.
0:00:12 In a podcast, Charlie Lee now reveals that he thought Litecoin would surge above $1000.
0:00:17 All the identical, by profitably exiting on the top of the Great Bull Run of late 2017, he reaped big regardless of all of the criticism from the group.
0:00:26 At spot charge, Litecoin is up 6.1 p.c within the final week.
0:00:30 Year-to-date, Litecoin, and Binance Coin are maybe the highest two performing belongings with triple-digit good points.
0:00:37 However, it’s the founder Charlie Lee who lights up the scene as he helps the coin.
0:00:42 Even so, notice that the co-founder did liquidate a giant chunk of his LTC holding, promoting on the peak of late 2017 tremendous rally whereas concurrently issuing a warning to Litecoin traders urging them to take a position if they’re prepared for a 90 p.c plus drop.
0:00:56 True to his phrases, Litecoin and the crypto market, on the whole, slid, with altcoins shedding greater than 85 p.c of Dec 2017 costs.
0:01:05 New episode is dwell w/ @SatoshiLite!
0:01:08 We talk about the early days of Coinbase, why he initially constructed Litecoin, how crypto advanced during the last decade, what the present challenges are, and the place Charlie sees BTC & LTC going sooner or later.
0:01:19 Nonetheless, main within the restoration is Litecoin.
0:01:23 Although Charlie Lee now admits that he thought the coin would rally to $1000, it’s the coin’s hash charge that’s bettering by the day.
0:01:30 There are a number of elements behind Litecoin resurgence.
0:01:34 One of them is Bitcoin’s costs bottoming up.
0:01:37 As they’ve a optimistic correlation, the rise of the previous imply Litecoin stands to broaden.
0:01:42 However, it’s early August Litecoin halving that’s drawing demand for the asset as traders put together for shortage.
0:01:49 Thanks for testing this video! If you wanna learn the entire article you’ll be able to go to CoinCheckup.com or go to: “NewsBTC”, who initially printed this information replace on their web site.
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