Litecoin, the bitcoin rival founded by the widely respected managing director of the Litecoin Foundation Charlie Lee, has popped higher today, rising 10% over the last 24 period and boosting the wider cryptocurrency market, including ethereum, Ripple's XRP, and bitcoin. The litecoin price rose to $37 after falling under the psychological $30 price last month amid a bitcoin and cryptocurrency bear market that's dragged on the sector for the last 13 months. "Upon such conversion, it will be possible to transact with Mimblewimble LTC in complete confidentiality." Elsewhere, the litecoin price rise has pulled the wider cryptocurrency market out of the doldrums, with investors waking up to a sea of green on trading boards this morning. Bitcoin and cryptocurrency fever gripped the world in 2017, with some major coins, including Ripple's XRP, ethereum, and litecoin, seeing price percentage increases that far outstripped bitcoin itself.

Source: Forbes February 08, 2019 10:15 UTC