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SegWit Confirms On Litecoin In 2 Weeks, LTC Could Hit $25
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After much hassle, it has now been confirmed that the SegWit protocol will be activated on the Litecoin network by mid-May.
Its founder, Charlie Lee, confirmed in a tweet that SegWit will lock in and activate at the end of period 7 which he later clarified will fall in May. Though the process has been considered to have reached activation point at this period 6, the activation is said to occur one period after lock-in to give all miners time to upgrade or otherwise protect their nodes.
This clarity of the process comes after the roundtable meeting held with some mining stakeholders including Chinese mining pool operators where issues on how to remove misunderstandings and promote industrial consensus were discussed.
Lee has also confirmed that he is working on efforts to make Litecoin available on Coinbase.
Though a recent poll on his Twitter page to ask followers which they think will happen first between SegWit activation and availability for trade on Coinbase platform gets more about two-third going for the trading, both developments have the tendency to reflect on the price of the currency.
Litecoin price outlook
The founder had earlier suggested that its price could reach $14 when SegWit is activated. However, considering the drama that had preceded its signalling by major mining pools up till this point, the price has already reached the projected $14 and even $16 on some exchanges while SegWit is yet to lock in. so with the look of things, the activation proper will likely push the price to between $18 to $25. Litecoin’s availability on Coinbase – opening it up to markets in more than 30 countries – may take it to around $30.
At a recent presentation for Coinbase, Lee maintains that Litecoin is not meant to compete with Bitcoin but to be used for cheaper transactions while something like Lightning Network could be used to interconnect both major coins.
There are also suggestions that a successful SegWit activation on Litecoin would likely be a gain for Bitcoin whose activation process has been stalled for quite some time.
Olusegun Ogundeji writes on tech-related issues including from the crypto/Blockchain space.
COMMENTS(40)
After much hassle, it has now been confirmed that the SegWit protocol will be activated on the Litecoin network by mid-May.http://news.8btc.com/segwit-confirms-on-litecoin-in-2-weeks-ltc-could-hit-25
10 USD away. Chinese remembered LTC at its 380 yuan peak.
Why do you think adopting segwit = to the moon?
Quote from: spiz0r on April 25, 2017, 08:09:07 AM
Why do you think adopting segwit = to the moon?
Mainly for the hype surrounding it I would imagine will increase the price as it usually always does in Crypto land, then after the hype if it does actually benefit litecoin then perhaps the price will increase.I wouldn’t say the moon though, not anytime soon perhaps up towards it’s ATH but who knows.
Quote from: tiggytomb on April 25, 2017, 08:32:49 AM
Quote from: spiz0r on April 25, 2017, 08:09:07 AM
Why do you think adopting segwit = to the moon?
Mainly for the hype surrounding it I would imagine will increase the price as it usually always does in Crypto land, then after the hype if it does actually benefit litecoin then perhaps the price will increase.I wouldn’t say the moon though, not anytime soon perhaps up towards it’s ATH but who knows.
Sounds like an easy trading opportunity. Wonder why everyone isn’t buying LTC now.
I should admit that segwit is much ado about nothing. It doesn’t solve scaling problem but it can drive the price upwards.
Quote from: tiggytomb on April 25, 2017, 08:32:49 AM
Quote from: spiz0r on April 25, 2017, 08:09:07 AM
Why do you think adopting segwit = to the moon?
Mainly for the hype surrounding it I would imagine will increase the price as it usually always does in Crypto land, then after the hype if it does actually benefit litecoin then perhaps the price will increase.I wouldn’t say the moon though, not anytime soon perhaps up towards it’s ATH but who knows.
I share this opinion, hype is the fuel of the rise. But it also sounds so evident that it will then drop. An unstainable rise in some way.
lol. 25$ is gonna get decimated eventually
Quote from: Arvydas77 on April 25, 2017, 09:10:27 AM
I should admit that segwit is much ado about nothing. It doesn’t solve scaling problem but it can drive the price upwards.
segwit does solve other issue like malleability, which litecoin don’t need i think, but confidential transaction is a good addition for litcoin, it’s not only about capacity read the document of lee about this, regarding the value i think it’s normal that there is an increase, good news attract investors and miners on litecoin are pushing the segwit block because they want the value to be higher and make more profit
all those fuss, cat fights and whales accumulation for $25? maybe or maybe not
Well, that’s over simplifying it a bit. Too many people have too much invested in BTC to just roll over and let LTC take its place. There will be just as many people upset that LTC is rising as there are those that are excited.
SegWit will just bring difference, that’s it.The expected price increase will depend on the hype that it will build and not directly on SegWit stuffs.
Quote from: Arvydas77 on April 25, 2017, 09:10:27 AM
I should admit that segwit is much ado about nothing. It doesn’t solve scaling problem but it can drive the price upwards.
Litecoin doesn’t have scaling problem, daily usage of this coin is far lower than bitcoin. Blocks are not filled to the full and tx limit is not reached.But how can you say that SegWit is not solbing scaling problem? I don’t know whether Litecoin’s SegWit is different but in case of Bitcoin it willincrease the range of the actual block size to about 2 to 2.1 MB from 1 MB (depend on the network conditions).
Litecoin will likely dump as SegWit is activated. It will be another case of buy the rumour, sell the news. Good going though, good for those that bought at $4.
Quote from: obj2btc on April 25, 2017, 07:47:00 AM
After much hassle, it has now been confirmed that the SegWit protocol will be activated on the Litecoin network by mid-May.
i say it was mostly plans to work up the market and make so many short term profits in the multiple dips they caused and a lot of profit from the big swings. the volume is clearly showing how much litecoin was moved around.Quote from: spiz0r on April 25, 2017, 08:09:07 AM
Why do you think adopting segwit = to the moon?
first of all is a good news hype, that always leads to a rise. and for a big altcoin such as litecoin that can mean a much bigger rise.on top of that it is a real thing that is happening, it is not like a fake good news. it is a big step forward for a big coin like litecoin to implement Segregated Witness and eventually add lightning network. and that can increase the adoption even by a little bit.
经过许多挫折后，现在已经确定莱特币网络将会在5月中旬激活SegWit （隔离见证）协议。莱特币创始人Charlie Lee在推特上确认将会阶段7末锁定和激活SegWit，之后进一步澄清日期为5月份。尽管该过程中很多人认为在第6个阶段就能到达激活点，但据说激活会在矿工们锁定期内升级并保护好他们的网络节点后才会发生。就在这次对莱特币SegWit进展的澄清之前不久，一些莱特币挖矿利益相关者举行了一次圆桌会议，该会议探讨了如何消除行业误解，促进行业共识。参会人员中包括中国挖矿集团的运营商。Lee也证实他正在努力使莱特币能够上线Coinbase的交易所。在Lee的推特页面上有一项针对追随者们的民意调查，询问了关注者认为隔离见证激活和莱特币上线Coinbase平台之间哪个先到来，其中3分之2的关注者认为Coinbase会先上线莱特币。这两大事件都能够反映货币价格。 莱特币价格展望 其创始人曾暗示在隔离见证激活后，莱特币单价可能达到14美元。然而，考虑到大型矿池对SegWit上演的戏剧性立场变化，莱特币单价已经达到14美元，甚至一些交易所已经达到16美元，而SegWit激活目前还未锁定。由此可以推断如果隔离见证激活适当的话，将会把莱特币价格推动到18美元至25美元之间。如果再加上莱特币在Coinbase上线，那么莱特币将打开30多个国家的市场，其价格将达到30美元。在Coinbase最近的演讲中，Lee 强调莱特币并非要与比特币形成竞争局面，而是用于更便宜的交易，像闪电网络这类技术将会把这两大货币互连起来。也有一些建议认为莱特币成功部署隔离见证激活对比特币来说也有推动作用，因为比特币SegWit激活过程已经停滞了相当长的一段时间。原文：http://news.8btc.com/segwit-confirms-on-litecoin-in-2-weeks-ltc-could-hit-25作者：OLUSEGUN OGUNDEJI译者：王二
Is it just me, or is anyone else expecting a massive pump & dump to accompany this? Call me a pessimist, but this looks awfully familiar and I can’t help but suspect that there are quite a few newcomers to the game that are about to lose a lot of money…
Expect a massive pump followed by a dumb. But for sure the long term LTC prospects are great! 25 is nothing. LTC has identical characteristics of BTC but an added layer of software with Segwit + LN. The only downside is a lack of dev support and diversified mineer supoort but these things will change with time. Many of the current BTC apps and wallets can be transferred over quite easily. I don’t see any fundamental weaknesses with LTC. I would love to hear other thoughts.
We will see a dump for sure because at a certain price some will take profit. That’s natural. If someone have a gain someone else is going to have a loss. The question is how low the dump goes. But it will rise again after the dump. So if you keep relaxed and DON’T panic you may get a new chance to profit. You only lose money when you sell at a loss, not when you hold at a loss for some period of Time.
Here is the link to the original comment thread. Or you can comment here to start a discussion. Author: OBJBTC1
what makes you say that? We’ve got segwit/coinbase/lightning network to work on.. does that not translate to value eventually?
Quote from: Scott J on April 25, 2017, 10:52:05 AM
Litecoin will likely dump as SegWit is activated. It will be another case of buy the rumour, sell the news. Good going though, good for those that bought at $4.
Do you think if the hype for litecoin segwit already ended? My thought if we are still on the early time to see a lot of segwit hype in the future. $20 is possible for the litecoin as segwit already implemented.
Quote from: Thenoticer on April 25, 2017, 02:34:39 AM
Quote from: BitNet (official) on April 25, 2017, 02:25:22 AM
One final speculation post (and please do quote it before the cookie modsters eat it) depicting the repeating patterns I see at the large and small scale and a longer-term graphical prediction of the LTC price.I’ll be getting back to technological work now and end my public stint as a trader with this final post.(click to enlarge)
Quote from: spiz0r on April 25, 2017, 08:09:07 AM
Why do you think adopting segwit = to the moon?
It’s not so much segwit; but, at the least segwit alone gives LTC 8 times the transactional capacity of BTC and fixes the malleability issue. It’s what’s coming with the introduction of the Lightning Network and confidential transactions that makes litecoin interesting. Both of these additions are already being worked on and likely announcements regarding potential releases will come in the following weeks after segwit locks in.Additionally, some people are excited about the upcoming addition to coinbase.Will it hit $25, $35 or $55 only time will tell. Like with all things crypto the entire market could crash tomorrow and we’ll see greatly lower prices across the entire spectrum. No one knows; but, at least developments with LTC helps to encourage an increased price.
there days there is only good news about litecoin, when i look at the short term charts there seems to be some whales keeping the price down by constantly dumping the price and not letting it go up as soon as it rises a bit. possibly because they want to buy more and keep accumulating.although as !shyliar said above we may never know. but i think the chances of rising up and this being a big accumulation phase is a lot higher than anything else.i am expecting a big rise in near future.
Quote from: shyliar on April 25, 2017, 02:57:04 PM
Quote from: spiz0r on April 25, 2017, 08:09:07 AM
Why do you think adopting segwit = to the moon?
It’s not so much segwit; but, at the least segwit alone gives LTC 8 times the transactional capacity of BTC and fixes the malleability issue. It’s what’s coming with the introduction of the Lightning Network and confidential transactions that makes litecoin interesting. Both of these additions are already being worked on and likely announcements regarding potential releases will come in the following weeks after segwit locks in.Additionally, some people are excited about the upcoming addition to coinbase.Will it hit $25, $35 or $55 only time will tell. Like with all things crypto the entire market could crash tomorrow and we’ll see greatly lower prices across the entire spectrum. No one knows; but, at least developments with LTC helps to encourage an increased price.
Someone actually gets it. Segwit is not the point… LN is. If both BTC and LTC implement LN…Litecoin will be able to do atomic Bitcoin tx… and act as a cheap, superhighway for BTC.Here’s Charlie Lee in January:https://segwit.org/my-vision-for-segwit-and-lightning-networks-on-litecoin-and-bitcoin-cf95a7ab656b
Quote from: jmigdlc99 on April 25, 2017, 09:03:56 AM
Quote from: tiggytomb on April 25, 2017, 08:32:49 AM
Quote from: spiz0r on April 25, 2017, 08:09:07 AM
Why do you think adopting segwit = to the moon?
Mainly for the hype surrounding it I would imagine will increase the price as it usually always does in Crypto land, then after the hype if it does actually benefit litecoin then perhaps the price will increase.I wouldn’t say the moon though, not anytime soon perhaps up towards it’s ATH but who knows.
Sounds like an easy trading opportunity. Wonder why everyone isn’t buying LTC now.
Some of us bought when it was at 0.0088btc and have already sold. The pump happened when the agreement from the miners came out that they’d back segwit.
Quote from: Zer0Sum on April 25, 2017, 03:39:33 PM
Quote from: shyliar on April 25, 2017, 02:57:04 PM
Quote from: spiz0r on April 25, 2017, 08:09:07 AM
Why do you think adopting segwit = to the moon?
It’s not so much segwit; but, at the least segwit alone gives LTC 8 times the transactional capacity of BTC and fixes the malleability issue. It’s what’s coming with the introduction of the Lightning Network and confidential transactions that makes litecoin interesting. Both of these additions are already being worked on and likely announcements regarding potential releases will come in the following weeks after segwit locks in.Additionally, some people are excited about the upcoming addition to coinbase.Will it hit $25, $35 or $55 only time will tell. Like with all things crypto the entire market could crash tomorrow and we’ll see greatly lower prices across the entire spectrum. No one knows; but, at least developments with LTC helps to encourage an increased price.
Someone actually gets it. Segwit is not the point… LN is. If both BTC and LTC implement LN…Litecoin will be able to do atomic Bitcoin tx… and act as a cheap, superhighway for BTC.Here’s Charlie Lee in January:https://segwit.org/my-vision-for-segwit-and-lightning-networks-on-litecoin-and-bitcoin-cf95a7ab656b
Thank you!How do people not understand this? It’s not specifically SegWit, but Lightning that will be the huge value add to LTC. BTC scaling is at an impasse and God only knows if or when Bitcoin will scale. Litecoin is proving not to have this issue and so while BTC sits in a deadlock with regards to scaling, LTC (with SegWit plus LN) may now have the ability to offload some of the transaction volume from BTC and allow for the cheap micro transactions. If the market demand for fast, low cost transactions is there, then why wouldn’t LTC see increased usage, hence higher prices? It’s supply and demand.Why would people use LTC over DASH or ETH? Because LTC has very solid history, high liquidity, and it doesn’t have scammy origins like DASH or a history of centralized interventions like ETH.Additionally, Blockstream has had a lot of investment behind it. It can continue development and LTC is the perfect alternative while BTC scaling mess gets resolved.
If no one wanted to sell a single LTC theoretically you could reach 10 billion market cap(or really whatever you want) selling and buying single LTC between two market participants. Correct me if I’m wrong. This means that the $300 per LTC could actually require less money pumped into market than everyone thinks:)
Fair, thats still a relatively loose claim on it’s own though. Would be great to get an adoption rate over time comparison graph for BTC and LTC. Sure there’ll be one somewhere
Pretty sure they meant $100+ is going to make $25 seem like nothing.
Quote from: maku on April 25, 2017, 10:50:01 AM
Quote from: Arvydas77 on April 25, 2017, 09:10:27 AM
I should admit that segwit is much ado about nothing. It doesn’t solve scaling problem but it can drive the price upwards.
Litecoin doesn’t have scaling problem, daily usage of this coin is far lower than bitcoin. Blocks are not filled to the full and tx limit is not reached.But how can you say that SegWit is not solbing scaling problem? I don’t know whether Litecoin’s SegWit is different but in case of Bitcoin it willincrease the range of the actual block size to about 2 to 2.1 MB from 1 MB (depend on the network conditions).
Exactly. Litecoin didn’t reached its max limits in terms of transaction I don’t know why are they implementing SegWit on it. But I have to say that SegWit successfully adopting in Litecoin doesn’t mean that it will be successful in bitcoin as well.
ahahaha, oh trust me it does!
Quote from: joshy23 on April 25, 2017, 06:58:16 PM
Exactly. Litecoin didn’t reached its max limits in terms of transaction I don’t know why are they implementing SegWit on it.
So much information about why segwit is being implemented on LTC is available.Here’s a link that might help explain:https://segwit.org/my-vision-for-segwit-and-lightning-networks-on-litecoin-and-bitcoin-cf95a7ab656b
MOON…!
LN they say is not that good, is a private third part network you have to trust. I am trying to understand more about it
莱特币认证后还有继续很多大动作，多头气势如虹，长线持仓不动
看你们发财，消息出来之后基本上都建仓的人都建完了，看你们发财
加仓最佳时间已过。不参与了。
不知道庄家会怎么操盘。还是得稳妥点。
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