By the end of the week, the prices of most popular cryptocurrencies, like Bitcoin and Ethereum, had been driven down by corrections. However, Litecoin (LTC) managed to jump to new all-time heights and may be easily considered as an even more profitable investment cryptocurrency than Bitcoin and Ethereum.
The price first skyrocketed back in spring 2017 with the activation of SegWit. Later Coinbase announced that it was adding support for Litecoin and the LTC price reacted with a sharp rise in price from $16 to $21 to surpass a market cap of $1 billion.
Charlie Lee, the founder of Litecoin, is now concentrated on the further development of Litecoin. He recently decided to leave Coinbase, where he was working as the Director of Engineering since May, and to shift his focus to Litecoin.
Source: https://hacked.com/long-term-cryptocurrency-analysis-bitcoin-ethereum-ripple-litecoin-dash-2/
https://coinidol.com/litecoin-price-skyrockets-again-and-surpasses-50/