Litecoin trading at all time highs

Litecoin, the fifth-largest coin by market cap has seen it's value explode over the past 48 hours.  It is currently trading above $350 on most exchanges.  With this excitement also comes a sobering reality as emphasized by Litecoin creator, Charlie Lee.   
The former director of engineering at crypto exchange Coinbase tweeted a warning for potential litecoin holders Monday night:  

​"Ok, sorry to spoil the party, but I need to reign in the excitement a bit…," he wrote. "Buying LTC is extremely risky. I expect us to have a multi-year bear market like the one we just had where LTC dropped 90% in value ($48 to $4). So if you can't handle LTC dropping to $20, don't buy!" 

I appreciate Charlie for being straight forward with his opinion and I continue to gain increasing respect for Litecoin and what he's doing with the currency.

by Whit Gallimore

---