Litecoin creator Сharlie Lee wrote that specific investment funds and traders were trying to influence litecoin (LTC/USD) price opening an extensive amount of short positions.
1/ Recently, there has been a concerted effort to suppress Litecoin price by people/funds that are shorting LTC and by groups that see Litecoin as a threat. I will clear up this FUD and show why Litecoin has tremendous value.
— Charlie Lee [LTC⚡] (@SatoshiLite) September 20, 2018
According to Charlie Lee, litecoin network is one of the most secure and is supported by powerful ASIC-miners. Therefore, the creator of litecoin calls claims that the coin doesn't have advantages over other digital assets groundless.
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