- Litecoin reached another record high on Wednesday morning, trading up about 15% at $US345.47 a coin.
- The cryptocurrency has been on a hot streak this week, up 122%, after creator Charlie Lee appeared on CNBC Monday morning.
- Lee also tweeted a stern warning to those excited by the coin’s gains: “Buying LTC is extremely risky,” he said. “If you can’t handle LTC dropping to $US20, don’t buy!”
- Many smaller cryptocurrencies have seen similar gains this week, including Ripple passing litecoin to take the number four spot by market cap in the crypto universe.
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