Litecoin prices spiked today following a key announcement.Getty<\/p>\n
Litecoin pricesrose more than 30% in a short period of time,climbing sharply after the Litecoin Foundation announcedpotential collaboration that could provide the digital currency with greater privacy.<\/p>\n
\"We have started exploration towards adding privacy and fungibility to Litecoin by allowing on-chain conversion of regular LTC into a Mimblewimble variant of LTC and vice versa,\" a Medium post revealed.<\/p>\n
\"Upon such conversion, it will be possible to transact with Mimblewimble LTC in complete confidentiality,\" it added.<\/p>\n
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]<\/p>\n
Sharp Gains<\/p>\n
Litecoin, whose technology is similar to that of bitcoin, reached$43.90 todayon CoinMarketCap, up roughly 32% over thelast 24 hours.<\/p>\n
During this robust increase, litecoin became thefourth-largest cryptocurrency by market value on CoinMarketCap, surpassing rivals like bitcoin cash.<\/p>\n
In comparison, litecoin was in seventh place on February 3and sixth place on January 6, CoinMarketCap historical screenshots reveal.<\/p>\n
The digital currency experienced its recent gainsafter losing more than90% of its value during the so-called crypto winter.<\/p>\n
The digital currency fell to roughly $23 in December 2018, afterreaching an all-time high ofmore than $375 in the same month the year before.<\/p>\n
Disclosure: I own some bitcoin, bitcoin cash and ether.<\/p>\n
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Litecoin Climbs More Than 30% In A Matter Of Hours<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Litecoin prices spiked today following a key announcement.Getty Litecoin pricesrose more than 30% in a short period of time,climbing sharply after the Litecoin Foundation announcedpotential collaboration that could provide the digital currency with greater privacy. Continue reading