Litecoin has hit what creator Charlie Lee has called two “milestones,” passing $60 and a $3 bln market cap for the first time.

Data from Coinmarketcap showed Sunday delivering Litecoin’s best performance in its four-year history based on Chinese and South Korean trade volumes.

At press time, its market cap had increased further to $3.2 bln, while cross-exchange prices averaged around $61.50, slightly below the all-time highs reached Sunday.

Both Lee and even mainstream media sources were keen on celebrating the success, which comes as Bitcoin follows Litecoin in activating SegWit.

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Like many altcoins this year, Litecoin has benefitted from bullish sentiment on the back of its technological improvements.

12-month price performance shows a rarely-rivaled 1,300 percent increase, with one coin in September 2016 worth only around $3.75.

As SegWit activated for Bitcoin, commentators hinted the asset could be in line for a bigger jump than Bitcoin itself, the latter currently hovering around $200 below the highs reached following the event Aug. 9.

Short-term prognoses are also troubling for Bitcoin, with the community split on the implications of the SegWit2x hard fork due to occur in November.



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