Is It Time to Invest in LiteCoin on the Next Pullback??

Source: Charlie Lee's Twitter Page and Bitmain Site

Source: Bitmain Site

I know I am late to the Bitcoin and AltCoin run that started April 27th, 2017, but Charlie Lee‏ and BitMain caught my attention with some interesting twits.  

Firstly, there was a twit from Bitmain about a new LiteCoin WiFi Router and Miner All-in-one machine on April 26th, 2017.

Then, there were two twits from Charlie about LiteCoin on April 28th, 2017.

Between these three twits, LiteCoin went from the low of $14.17 to currently sitting at $17.33 (1.76% from May 1st high).  

I know Charlie and his team have been working hard to make LiteCoin a respectable and widely accepted currency as BitCoin for quite some time.  And, with BitCoin going through its growing pains of its high transaction fees, slower transfer times, and essentially being limited to ASIC mining, he is striking while the iron is hot.  

Speaking of striking at an opportune moment, Jihan Wu (Bitmain's co-founder) is getting in on the early innings of the LiteCoin run by releasing his first wave of LiteCoin ASIC mining machines.  As history already shown us with BitCoin, will this move drive the price of LiteCoin to $100 and higher??  Only time will tell!!

I'm thinking about getting a small holding (~20 coins) when LiteCoin pulls back around $16.75 (~5% pullback from $17.64 high) especially if Jihan gets China to slowly, but surely, start mining 70% of the LiteCoin available to mine and prominent Chinese investors start promoting LiteCoin (just like they have done with BitCoin).

Let me know what your thoughts are on the future of LiteCoin.

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Remember, I am not a financial adviser.  The tactics discussed here are for informational purposes only.

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Also, here is a link of Charlie Lee talking about LiteCoin and it's future.