Why?

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.

Source: https://cointelegraph.com/news/litecoin-milestone-trading-sends-price-over-60-market-cap-hits-3-bln