Why Did Litecoin (LTC) Cryptocurrency Price Skyrocket 40% in Just 3 Days?

Why Did Litecoin (LTC) Cryptocurrency Price Skyrocket 40% in Just 3 Days?

Litecoin, currently the fourth largest virtual currency in the market has experienced an incredible price increase of around 40% in the last seven days. Although Litecoin was traded around $33 for a few weeks, the virtual currency skyrocketed and helped the whole market grow as well. What generated this sudden price increase in Litecoin?