Litecoin Prices Hold Steady Near $50 as Bitcoin Locks In SegWit

surajit1996 (20)in #litecoin • 7 years ago

The price of litecoin continues to hover near all-time highs, even as the technical advances that sparked its revival are being added to other platforms.

Just a day after miners on the bitcoin protocol effectively agreed to upgrade their software to support a code change called Segregated Witness (SegWit), litecoin is trading at roughly $48, according to data from CoinMarketCap. The relative stability is notable given litecoin's price boomed on the news it would adopt the change, one originally designed to redefine and increase capacity on bitcoin.

Since litecoin's miners reached an agreement to make the upgrade on April 11, the price of the cryptocurrency has increased more than 300%, rising from $11 at the time to $48 now. That price is just shy of its all-time high of $53 observed in July.

The cryptocurrency's year-over-year gain is more impressive at over 1,000%. Litecoin was trading at just $3.79 on August 8, 2016 – a time when the protocol was struggling to determine its roadmap amidst an increasing array of competitors.

Overall, the figures suggest that litecoin, armed with new additions to its technical team, could now be developing improved staying power in its competitive market.

#bitcoin #prices #hold

7 years ago in #litecoin by surajit1996 (20)

$0.00

3 votes

Sort:

Trending

[-]

steemcleaners (83) 7 years ago

Not indicating that the content you copy/paste is not your original work could be seen as plagiarism.

Some tips to share content and add value:

Using a few sentences from your source in “quotes.” Use HTML tags or Markdown.
Linking to your source
Include your own original thoughts and ideas on what you have shared.

Repeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.

Creative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post.

If you are actually the original author, please do reply to let us know!

Thank You!

$0.93

2 votes

[-]

cheetah (77) 7 years ago

Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
https://www.coindesk.com/litecoin-prices-hold-steady-near-50-bitcoin-locks-segwit/

$0.38

1 vote