Charlie Lee: “Litecoin is a speculative version of Bitcoin”

By January 13, 2015Bitcoin Entertainment

Litecoin creator and Coinbase official Charlie Lee today recognized Litecoin as a speculative version of Bitcoin.

On being asked about his views on Litecoin’s performance in 2015, Lee made some points regarding the correlation of Bitcoin with Litecoin price, saying that it is not a surprising factor that LTC drops even more if BTC trends a little downward. “The inverse will also be true, which is what happened during the last run up,” he added.

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