Charlie Lee, the Litecoin founder, forecasts that two main cryptocurrencies, the bitcoin and litecoin, will grow in price when speaking about a long-term forecast.
The former Coinbase Director of Engineering announced in December that he had donated and sold all his litecoins. The reason? Conflict of interests.
One month later, Lee offered a soft fork for litecoin. What do you think reasons for that are? He believes that would allow a new type of market that could develop for altcoins. On the 26th of January, Lee was participating at the Blockchain Connect Conference that took place in San Francisco. There, in his interview, he gave a very optimistic forecast for further cryptocurrency development, or rather the two main representatives of cryptocurrency: bitcoin and litecoin. In long-term, their price will grow. Short-time? Difficult to tell, as now, the situation is more and more unstable.