Charlie Lee sells all his Litecoin! Will Facebook accept Litecoin as payment?

The News is out! Charlie Lee sells all his Litecoin! What does this mean? What will happen to Litecoin? Are we all doomed or is this a stance Charlie Lee is taking to turn the tide of him being marked as a market manipulator? Mr. Lee himself says,
“And whenever I tweet about Litecoin price or even just good or bads news, I get accused of doing it for personal benefit. Some people even think I short LTC! So in a sense, it is conflict of interest for me to hold LTC and tweet about it because I have so much influence. I have always refrained from buying/selling LTC before or after my major tweets, but this is something only I know. And there will always be a doubt on whether any of my actions were to further my own personal wealth above the success of Litecoin and crypto-currency in general.”

But will Facebook be Litecoins guardian angel and save it from doom?

“It was requested from Facebook to do it so that he can’t be accused of personal interest, decision bias with regards to the LTC ecosystem development. Facebook is preparing the big announcement that they will introduce support for Litecoin as payment channel.

“Digital currency exchange startup Coinbase has announced the appointment of a Facebook executive to its board of directors. In joining the board, David Marcus, vice president of messaging products at Facebook, will bring years of experience in building large-scale mobile products, according to a Coinbase statement posted yesterday.”

This sounds like promising news for Litecoin and it’s future in the currency market. Lee selling his coins and publicly calling out Satoshi Nakamoto to do the same and end the potential for a whale dumping his stash and bombing the market is another sign that the Litecoin Foundation is looking to go mainstream and take cryptocurrencies out of the ‘hookers, drugs and guns’ market and into the ‘Coke and Starbucks” one.

The future is yet to be rolled out for Litecoin, but it seems to me that it’s here to stay and well on its way to a bright future.

(Reference article: http://www.zerohedge.com/news/2017-12-21/why-charlie-lee-sold-his-litecoin )