Litecoin prices increased to 30% in a very short span. The Litecoin which is more similar to bitcoin has reached $45.12 which is approximately up by 32.12% as per the coinmarketcap value.
With this robust increase, Litecoin is on the fourth position surpassing rivals Bitcoin cash and EOS. According to the coinmarketcap value, Litecoin was on seventh position as of February 3. Also on February 6, it was on sixth position.
This heap is after the announcement of Litecoin Foundation and Beam working together to explore whether LTC should implement the protocol Mimblewimble. This aims to improve privacy and scalability. Beam writes in a Medium post saying
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. Upon such conversion, it will be possible to transact with MimbleWimble LTC in complete confidentiality.
MimbleWimble allows its users to encrypt the data…