According to AMBcrypto, Litecoin founder Li Liwei (Charlie Lee) said in a YouTube video interview, "I created Litecoin mainly for fun. I want to imitate the relationship between Bitcoin and Litecoin in gold and silver, where Bitcoin has good storage. Value, Litecoin has a good payment function. "Li Qiwei further admitted that he never expected Litecoin to maintain its trading value since its inception. He attributed the growth of the altcoin to the bitcoin bull market and slower trading speeds, as well as the activation of SegWit. In addition, he emphasized the fact that no digital currency can be used for all purposes.