By the end of the week, the prices of most popular cryptocurrencies, like Bitcoin and Ethereum, had been driven down by corrections. However, Litecoin (LTC) managed to jump to new all-time heights and may be easily considered as an even more profitable investment cryptocurrency than Bitcoin and Ethereum.
The price first skyrocketed back in spring 2017 with the activation of SegWit. Later Coinbase announced that it was adding support for Litecoin and the LTC price reacted with a sharp rise in price from $16 to $21 to surpass a market cap of $1 billion.
Charlie Lee, the founder of Litecoin, is now concentrated on the further development of Litecoin. He recently decided to leave Coinbase, where he was working as the Director of Engineering since May, and to shift his focus to Litecoin.
Source: https://hacked.com/long-term-cryptocurrency-analysis-bitcoin-ethereum-ripple-litecoin-dash-2/
https://coinidol.com/litecoin-price-skyrockets-again-and-surpasses-50/
Very good article. Nice to see I'm not the only one who thinks like this. The biggest group of uneducated investors in mankind get's a shot to determine the price of a crypto. It's an interesting world we live in. This is quite an interesting website I found: https://www.coincheckup.com They give great insights in the team, the product, advisors, community, the business and the business model and other techincal insights. Check: https://www.coincheckup.com/coins/Litecoin#analysis To watch Litecoin Research report.