Litecoin surges 25% in February! Did you catch this Moon Rocket up by Litecoin?
The Crypto Traders Pro team has been all over Litecoin these past 2 months, making over 50% profits on 2 signals!
Litecoin (LTC) has increased by more than 30% in value in the past day from $32 to $47, becoming the 4th largest currency in the global cryptocurrency market.
This incredible surge in the value of Litecoin comes during a period of significant progress being made within the open-source development community. They’ve talked about implementing scaling and privacy solutions such as Confidential Transactions and Mimblewimble.
Litecoin’s developers have been focusing on implementing Mimblewimble and confidential transactions, first developed for the Bitcoin Blockchain.
This was possible due to the similarities in structure between Litecoin and Bitcoin. Charlie Lee, the creator of Litecoin, said that the Litecoin community is dedicated to working towards making Litecoin more fungible with Confidential Transactions.
“Fungibility is the only property of sound money that is missing from Bitcoin & Litecoin. Now that the scaling debate is behind us, the next battleground will be on fungibility and privacy. I am now focused on making Litecoin more fungible by adding Confidential Transactions.” Charlie Lee @SatoshiLite
He continued by saying that the “Litecoin dev team spent hours discussing how to add Confidential Transactions. The way to do a softfork CT is very similar to doing extension blocks and extension blk may be simpler and can do a lot more.”
The community is hard at work towards implementing Confidential Transactions, and already, the community is working on Mimblewimble for Litecoin. From a post last week on Litecoin.com,
“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. It is our joint intention to publish any and all the work done as part of the project under a permissive open source license to let the community benefit from it.”
Major cryptocurrency assets such as Bitcoin, Ethereum, and Litecoin have continued to demonstrate growth and progress in development in many areas, including scaling, privacy, and fungibility. It’s not clear as to whether or not Litecoin can sustain this momentum, but we here at Crypto Traders Pro have continually said that this move could happen.
Check out some of the profits from our members…
Have you joined our community yet? You can do so by clicking here. Did you catch Litecoin moving up? Let us know what you think on our Facebook Page!
