Maybe he just tell it to people so the issue of self interest. I guess he buy back again and use multiple wallet so it will be hard to detect. A good developer will never sell his coin if he believes in it. Charlie Lee is one of the clever guy in the industry and i believe he didn't sell his coin, he just transfer it in a multiple wallet to kill the issue.

Hey Guys! LitePal and LitePay payments services will be launched across the globe and will make Litecoin as a mainstream payments solution this year. Charlie Lee announced on his Twitter account saying that he is planning to launch two new Litecoin-based payments processing services ahead this year.
One of the services will be called as LitePal that will be announced later this year. The official website states that this service will be having a fee which is “bone chilling low” and users will be able to use the service with Western Union, PayPal, Bitcoin and Litecoin. However, not more details are available regarding this service at the moment but a tandem announcement said: “LitePal is a Litecoin-first payment processor. We envision a cryptocurrency world where Litecoin is utilised by merchants from all over the world.
On the other hand, the Litecoin community is quite excited about the launch of LitePay that will make Litecoin usable anywhere and everywhere Visa is being used. The service will instantly convert all payments to/from U.S Dollar immediately and the deposits will incur a flat 1% transaction charge against 3% incurred by credit cards at the moment.
So, can you see the future of Litecoin now? 

Mr. Lee didn't leave the project, even if he sold all his founds it doesn't mean that Litecoin will disappear. Oppositely, due to cheap fees and fast transaction it is going to become even more popular in sooner time. I have heard a prediction that it is going to become payment instrument number one on the dark net and this fact will just move it's popularity and price higher.

Well this is good news! LTC is a good coin though. Hope Mr. Lee is sincere on what he said otherwise all he had utter is just a band aid to avoid further damage. 

I hope the issues that say mr lee leave litecoin is not proven. and mr lee can focus on building litecoin to become one of the highest priced coins. we can see litecoin development and optimistic litecoin can have a good future.

Dont worry. There are a few people who know the dev very good, and they said that he would never sell all his litecoins And looks like he sold it to the right time, before the big dump cames. So selling a part of his coins doesnt mean that he give up the coin. Soon they will launch litepay. You see already the price of litecoin rises the last day to 15%. So dont be worry. Litecoin has a great future, and it belongs to the big coins in the market!

This is pure misinformation. Tsk! Where did you get that news? It's totally fake news! C'mon!

He isnt stupid enough to do that,probably he is just bluffing because if he does that,surely litcoin's price would comeback to less than $10!Litecoin has future and the developers are doing their best to upgrade their system,litepay is comming that will allow most of the vendors to use litecoin as a payment.This coin has more potentials than ethereum right now because of the tx confirmation speeds,surely it bwill be massive in the future.

He sold it not because he changed his mind about Litecoin's future but because of some rumors that Charlie Lee effects market with his amount of coins. I think this is a great move that deserves much respect.

I think the future of Litecoin will be good and make Litecoin investors will become rich, because the price of Litecoin will increase very high like Ethereum price, so I think Litecoin is very good for long-term investment.