Litecoin is Rallying. Hits Over $2.4 Bln Market Cap

Litecoin jumped three places to be the world's number four crypto on Saturday. In the process, it pushed aside IOTA, NEM and Ethereum Classic, when just last Wednesday it was ranked seventh. At the moment, LTC is being sold for $46.83 and its market cap has surpassed the $2.4 bln mark. The rally is most likely centered around the activation of SegWit, the removal from withdrawal bans in China and the recent news from Litecoin founder Charlie Lee in which he announced his resignation from Coinbase to concentrate fully on his brainchild.