The Creator of Litecoin Charlie Lee quite often makes predictions of growth of the cryptocurrency market. Now he expressed the opinion that bitcoin will rise to $20 thousand within three years.
Charlie Lee made a prediction on the portal Reddit, where one user asked the founder of Litecoin when bitcoin will rise again:
“In your opinion, when BTC reaches $20 thousand, or do you think that will never grow up so?”.”This should happen in the next three years,” said Charlie Lee.
Note that at the end of 2017, the Creator of Litecoin predicted powerful and prolonged drop in the cryptocurrency market.
“Sorry to spoil your mood, but needs to slow the level of enthusiasm… to Buy LTC is very risky. I expect a bear market that will last several years, the same when LTC fell by 90% (from $48 to $4). If you can’t handle if LTC falls to $20, don’t buy,” wrote Lee in a tweet on December 11, 2017.
Then he noted that a significant market correction will become natural after reaching great heights in a short time.
“Every pump that I have seen, closed with a bearish cycle. The market needs time for consolidation. This is only my experience, but it comes from observing the market for over 6 years. How long the cycle is not yet clear. But people need to know about such a possibility,” warned Charlie Lee.
Earlier, Litecoin Creator advised his Twitter followers first to buy at least one bitcoin before investing in other cryptocurrencies, including litecoin.
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