Litecoin creator Charlie Lee announced today that he sold his entire holding of light coin after a 9300% surge in price in the last 12 months. He claims that he does not even hold any coins in hard storage either and insist that he has not lost faith in the coin but sold them to prevent a conflict of interest.
He also mentions he won't stop working on Litecoin and will continue to further develop it.
Litecoin back in December 2016 was trading around $3.60 and has climbed over $300 recently
What does this mean for the future of Litecoin? Known as the Silver of cryptocurrency