In an unexpected twist, today’s Litecoin news revolves around Jamie Dimon, CEO of JPMorgan Chase & Co. (NYSE:JPM), and an obscure Chinese think tank called China’s National Internet Finance Association (NIFA).

Let’s start with Wall Street’s poster boy.

While speaking at a conference in New York, Dimon claimed that Bitcoin “is a fraud” and will blow up before long. “It’s worse than tulip bulbs,” he said, in reference to the famous asset bubble from the 1600s.

Dimon claimed that there would be significant losses for anyone “stupid” enough to trade cryptocurrencies. (Source: ".

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Litecoin Price Forecast and Analysis – September 14, 2017