Litecoin follows the general sentiment in the crypto market and trades in the green during today’s session. As of press time, LTC is exchanging hands at $110,21 with a 1.7% profit in 24-hours.

Related Reading | Charlie Lee Sums Up Litecoin’s 10 Years History. Part Five: Conflict Of Interest

Litecoin LTC LTCUSDT
LTC moving sideways in the 4-hour chart. Source: LTCUSDT Tradingview

The increase in the price of Litecoin has been driven by relief in larger cryptocurrencies, such as Bitcoin and Ethereum. The latter has been showing bullish momentum in lower timeframes and could see more profits in the coming weeks.

Selling pressure triggered by macro factors has been and will remain mitigated during February. As NewsBTC reported earlier, this month has been historically bullish for Litecoin and the crypto market.

No doubt, the recent announcement of LTC’s MimbleWimble upgrade as a Release Candidate or beta could have a long-term bullish impact on Litecoin. The upgrade has undergone a multi-year development and stands as one of the most hyped rollouts for this cryptocurrency amongst its community.

The Litecoin Foundation and MimbleWimble’s lead developer David Burkett made the announcement via social media platform Twitter. Burkett published the first LTC addresses using the MWEB extension, seen below.

The developer started working on this upgrade in 2019, and as the Foundation revealed, MimbleWimble will be part…


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