Topic: [2017-05-07]Litecoin Value Increases by 700% As Politics Still Prevent Bitcoin F (Read 6988 times)

We don't need Segwit activation for Bitcoin to test $2000. We went up to $1830 today, with no real positive news on Bitcoin.
Think what will happen if there are positive triggers. 

LTC could increase as much as it wants and still not present the same utility as Bitcoin.

BTC price is $1,755 and rising... let me know when one of those alts survives as long as BTC has and gets up there.

the thing is Litecoins price will continue its rise,we can see 1000% easily over the next month
so it is time to buy,but the problem is expectations are high for Segwit and litecoin
if the things go south the drop can be spectacular and it will affect bitcoin as well
so much rides on the success "test" litecoin Segwit activation that it better go smooth
if it does we can see 2000+ bitcoin and 50$ litecoin this year for sure

For coinbase, i confirm that they recently implemented Litecoin since I never saw it as an option before
In the other hand, why didn't I bought some shitcoins before? Should I buy now? Shit, the history will repeat itself?

SegWit helps with transaction malleability.  Also, Litecoin has less to lose so it's nice to see a fairly similar coin to Bitcoin adopting SegWit.  If it works well, it'll help people to trust that SegWit works.
Yeah, pretty much.
False.  They've just started supporting Litecoin.  Before that, they only supported Bitcoin and Ether.

But then again, why are we testing Segwit on Litecoin again? I understand that Litecoin block size limit hasn't been maximized not like bitcoin so I don't know why are they activating Segwit on it. Maybe the article is correct on pointing that it is being used as testbed for bitcoin technology. I think Coinbase has been supporting Litecoin before so I don't think it contributed to the rise of price of Litecoin in the market.

Litecoin Value Increases by 700% As Politics Still Prevent Bitcoin From Scaling

itecoin has come a very long way these past few weeks. Earlier this year, one LTC was valued at US$4. That is quite a ways from its previous ATH of around US$48 in 2013. Ever since that time, a lot of people have forgotten about LTC. Things have an odd way to work itself out, though, as Litecoin is on everybody’s mind right now.

The popular cryptocurrency locked in the activation of SegWit not too long ago. That in itself is quite a major boon for this popular currency. Bitcoin is trying to get SegWit activated too, yet keeps meeting opposition from miners. However, the impending activation of Segregated Witness has done wonders for the LTC price. In fact, the Litecoin value has increased by 700% so far.

That gain cannot only be attributed to the SegWit activation locking in, though. Coinbase, a very popular US-based cryptocurrency exchange, enabled Litecoin support as well. This, in turn, has given the Litecoin value another boost upward. It looks like LTC is well underway to surpass US$30 again. It is hard to tell where this will end, although a value of US$50 is not out of the question.

What Is Next For LTC?
At the same time, one has to keep in mind Litecoin does not have the same issues bitcoin has. Litecoin never had full blocks to begin with, whereas it is very common on the Bitcoin network. There is also a lack of demand when it comes to Litecoin, especially from a merchant and consumer point of view. These are all issues that can be addressed quickly, though. However, the question becomes whether or not the Litecoin value can maintain this trend in the long run.

In the end, a lot of people still look at Litecoin as a Bitcoin testbed. Any development changes failing to gain traction can be ported to Litecoin to see how well they do. A lot of people will keep an eye on the SegWit malleability fix and how it affects Litecoin. These are still exciting times to be involved in altcoins, though. Anyone holding LTC may see the Litecoin value increase a bit further these coming weeks.


http://www.newsbtc.com/2017/05/07/litecoin-value-increases-700-politics-still-prevent-bitcoin-scaling/