As per an official post made on May 7, the decision was taken because BitGo wallet is offering “greater convenience and nearly the same level of security.”
The earlier Electrum-LTC addresses will remain online for another month, while the latest BitGo wallets address will be published soon.
Following the announcement, Litecoin (LTC) rallied 5%, but lost its gains when Bitcoin (BTC) got dumped by investors ahead of halving event.
Of late, Litecon (LTC) provided an update on the Mimblewible integration, indicating that a trial infrastructure has been created and that the codebase integration has begun.
As per coders, Mimblewimble will run on the Litecoin testnet by the end of August.