Founder of Litecoin (LTC) Charlie Lee Eyes Asian Crypto Market

Amrit Mirchandani

March 5, 2019

Charlie Lee, the founder of Litecoin (LTC), has announced a meetup in Asia with VNX Exchange at the Asia Crypto Week. It will be aimed at teaching the attendees more about Litecoin, and it’s future plan in Asia. Lee has sensed a growing market for Cryptocurrency in Asia, and so wants a presence of Litecoin in the center of the Asian Crypto scene.

About the Asian Litecoin Meetup

It will be held on March 14th, in the city of Hong Kong at Token 2049. and will include notable names in the Cryptocurrency field such as William Peets the Chief Investment Officer of Passport Digital Holdings, Cristian Gil the Co-founder of GSR; and Chris Lee, Chief Financial Officer of Huobi Group.

Charlie Lee spoke about the meetup saying, “Given the tremendous support that we have received from Asia, we are looking forward to hosting an engaging community gathering to thank our supporters and give attendees a firsthand view into Litecoin’s future plans.”

Alexander Tkachenko, the Founder of VNX Exchange, highlighted the collaboration with Litecoin stating, “Hosting alongside one of the leading projects in the ecosystem is something we are very much looking forward to.”

The meetup will take place on the 14th of March 2019 at Token2049 in the Kerry Hotel, Hong Kong.

Litecoin’s Current State

Litecoin known as the younger brother of Bitcoin or the silver of digital currencies is seen to be rising in interest.

LTC began 2019 with a sharp rally thanks to the speculation of mining reward halving. Mining reward being halved is when the amount of Litecoins produced as a network subsidy for each transaction block falls is cut in half. The mining reward is noted to reduce from 25 LTC to 12.5 LTC on August 8th.

At the time of writing of writing Litecoin is in the green with a price of  $49.01 and a market capitalization of $2,976,895,404. It’s doing pretty well amongst other Cryptocurrencies, ranked in at 5th position not that far from 4th position EOS which has a market capitalization at the time of writing of $3,236,525,892.