Litecoin price has jumped 8% in the last 24 hours, altogether jumping over 35% in the space of a week.

It is uncertain why it is increasing so much. One reason could be the panic between btc and eth users as both the currencies are falling down.
Other could be due to the creator who announced that he will leave coinbase.com and solely re-design litecoin and spend more time improving it

Litecoin has been riding bitcoin and Ethereum's post-March surge, bouncing from $3.85 on March 13 to $51.64 on July 4, and soon thereafter it all around surpassed its earlier record $33.72 on Dec. 1, 2013.

The cost had fallen as low as $1.33 in January of 2015 preceding moving to $7.76 in July of that prior year tumbling relentlessly until June 26, 2016, when it came to $4.00.

Litecoin got a lift a month ago when BitGo, the main multi-signature innovation based specialist co-op that works with a portion of the biggest bitcoin trades and exchanging stages, started to help Litecoin and give security administrations to the Litecoin stages.

The BitGo help went ahead the heels of Charlie Lee, the maker of Litecoin, declaring plans to leave from his position as Coinbase executive of building to exclusively concentrate on the advancement and development of Litecoin. Lee noticed that the choice of the BitGo improvement group to execute Litecoin and give multi-signature security administrations to Litecoin-based stages and specialist co-ops is a noteworthy stride for the Litecoin people group and industry.

To me it all looks like a bubble right now and i will avoid to buy this currency right now

IS SEGWIT BOOSTING LITECOIN?

In late April, Lee started persuaded Litecoin diggers situated in China to motion for Segregated Witness, the exchange pliability settle. On April 21, the Litecoin Global Roundtable Resolution 001 was declared, in which real mining pools including Bitmain (Antpool), BW.com, F2Pool and OKCoin communicated their help towards the initiation of Segwit.

The actuation of Segwit denoted a noteworthy turning point for both Litecoin and bitcoin, as it showed the likelihood of initiating Segwit to the Litecoin and bitcoin groups.

The SegWit enactment prompted an expansion in the interest for Litecoin and a surge being developed. Inside three months of the SegWit actuation, Litecoin's market top expanded from $200 million to a stunning $2.5 billion, recording a 1,150 three-month increment. In that brief timeframe, Litecoin turned into the fourth most significant digital money on the planet by showcase top, outperforming Ethereum Classic, Dash and NEM.