Litecoin Hits $11 Amid SegWit Expectations in Near 3-Year High
Litecoin prices are up nearly 30% in a 24-hour period with price pushing beyond $10 per coin amid anticipation of the protocol upgrade, Segregated Witness or SegWit. Over the last 12 months, Litecoin has predominantly settled under $4 per coin before it caught bullish wave in the final days of March. Prices soared, nearly doubling on March 30 to just under $8, setting a 20-month high during the day. Those strong gains continued this week, with prices now doubling over a five-day period after Litecoin’s biggest pool – F2Pool, signaled for SegWit on April 1st. Speaking to CCN in early....
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Litecoin creator Charlie Lee believes that the price of the digital currency could reach $14 when SegWit is activated on the network. On Saturday, F2Pool mined Segregated Witness (SegWit) blocks for both Bitcoin and Litecoin. Charlie Lee tweeted that he sees a 72.34 percent chance of another pool signaling for SegWit in the next seven days. He equates the estimated prices to the level of signaling the network has received thus far: 20 percent => $4, 60 percent => $9, 100 percent => $14. There are indications the network will activate SegWit soon. It creates excitement - even in....
The Segregated Witness (SegWit) update has received lukewarm support thus far since it was announced on Litecoin on January 28th. Beyond Bitcoin: ‘Testbed’ for SegWit. After Bitcoin, the SegWit scaling update has now been introduced to Litecoin along with some other cryptocurrencies including Vertcoin, Groestlcoin, and Viacoin. Right now, Litecoin miners are in the process of voting on the update. Currently at 3%, support is lower than it is in Bitcoin, which rapidly climbed up to 22% in its first two weeks. The vote has attracted the attention of the Bitcoin community. Litecoin (and other....
Litecoin seems to be on the path towards adopting Segwit, the proposed soft fork (and malleability solution) by the Bitcoin core development team. But there seems to be confusion among users about what exactly the soft fork is. Since Litecoin is based on the Bitcoin codebase, it also has the choice to adopt Segwit, and founder Charlie Lee believes this....
In the past, some have called Litecoin the “silver to Bitcoin’s gold.” Now many Bitcoin proponents are eagerly watching Litecoin as miners have just begun signaling for Segregated Witness (Segwit). Bitcoin community members hope Litecoin’s Segwit implementation may show a silver lining beneath the ongoing scaling debate. Litecoin Miners Begin to Signal....
On May 9, Cointelegraph reported that Bitcoin price established a new all-time high at $1,733. In just two days, on May 11, Bitcoin price achieved its new global average all-time high at $1,866. Previously, Cointelegraph revealed that high-profile and institutional investors envision Bitcoin increasing to around $4,000 by the end of 2017. Specifically, Daniel Masters, director at Global Advisors Bitcoin Investment Fund (GABI), stated: "That example of a successful soft fork in Litecoin has made people start to think that we could get a successful SegWit implementation in Bitcoin and....