Litecoin Founder Charlie Lee: LTC Is Highly Traded and Brings in a Lot of Revenue to Exchanges

Libra Coin News
Wed, 10/02/2019 - 10:39
Yuri Molchan
The Litecoin creator answers the community’s questions, saying that trading LTC is always profitable for exchanges unlike with other coins
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The Litecoin founder Charlie Lee is going to be the guest in the upcoming podcast by Dan Gambardello, the founder of Crypto Capital Venture soon. The latter has been asking the community what topics he should discuss with Lee.

Gambardello’s followers started offering their questions and Charlie Lee began answering them right in the comment thread.

Among other things, he stated that Litecoin is always profitable for trading on exchanges since LTC rakes in high profits for them.

The community asks about Binance listing, LTC mining, Confidential Transactions, etc

Here are some of the other questions that crypto fans asked the Litecoin founder on Twitter, ahead of the announced podcast.

1)  How much did you pay to Binance to list LTC?

2)  When did you stop mining Litecoin personally?

3)  If LTC implements CT does that mean it will deviate from Bitcoins code/implementation? If yes, will Litecoin be completely independent from Bitcoin's code base?

4)  Did you ever talk to Satoshi?


‘Pray for Litecoin’

As reported by U.Today earlier this morning, things are not looking good for ‘digital silver’. 

A crypto trader CryptoThies has shared a chart which shows that LTC has entered a bearish figure “Head and Shoulders”.

Recently, after a massive BTC sell-off, when its price collapsed, Litecoin was forced to move to position #6 on Coinmarketcap with Tether taking spot number 4 on the top ten line of digital currencies.

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.

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