Why has Litecoin never topped the list (why does Litecoin stop trading in China)

Why has Litecoin never topped

Why has Litecoin never topped Litecoin never topped why has Litecoin never topped

On November 18, 2020, according to cryptoglobe, Charlie Lee, the founder of Litecoin, tweeted: “Since the beginning of April this year, the price of Litecoin has been hovering around $1. But when the price rises to more than $2, it has no trend of recovery.” Later, he forwarded his microblog and commented: I don’t know whether this is the reason for the sudden collapse of Litecoin. “If the bull market in 2017 is a good opportunity for Bitcoin to get on the train. In addition, according to the previously released Notice, since the 6th operation in 2018, 11 enterprises have been included in the warning list for suspected illegal fund-raising crimes such as illegal trading of Litecoin and token issuance financing in China, including Ant Group and Canaan Creative, which are owned by Bitmain. Starting from August 14, 2018, the use of LTC for related transactions will be prohibited. At the beginning of 2019, all OTC trading businesses of Cryptocurrency were suspended. However, due to its poor compliance, users were restricted from providing services to the outside world at the end of 2019.

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