Litecoin Price Trend Follows Bitcoin Aug 04, 2016 at 09:14 // Price Because of the hack of the Bitfinex exchange on August 2, all cryptocurrencies this week fell.Litecoin’s price fell to the lowest level of the month, but a day later it began recovering as did the other cryptocurrencies.Bitfinex problems brought down the price of Bitcoin first.This gave an impetus to the growth of Litecoin that can be seen on the seven-day chart below, but then LTC began to return to its original position.LTC/BTC  exchange rates for last 7 days: Currently, the Litecoin price is $3.75, which is the minimum price over the last 30 days.But the collapse on Bitfinex alone can’t cause the global long period of decline of cryptocurrency prices.This is a temporary technical factor.Panic, which lasted exactly one day, was over by August 3.But we can’t talk about the resumption of growth either.LTC/USD  exchange rates for last 7 days: As practice shows, any unexpected factors can cause sharp rises in prices and sharp declines in cryptocurrencies, including Litecoin, and these factors are almost impossible to predict.

In January, the performance of Mike Hearn brought down Bitcoin and altcoins.wiki bitcoin faucetNow we face a problem with safety on Bitfinex.bitcoin fiableGradually investor confidence returned and growth begins again.litecoin riskNote that the maximum price of Litecoin in the past two months was $5.67 and Litecoin is capable of reaching it again.bitcoin member to member donation scriptLTC/USD  exchange rates for last 50 days: Today we expect LTC to attempt to reach $3.75 - $3.8, which is currently the area of ​​interest to traders.bitcoin cours 5 ansThe resistance level is $3.8 and the level of support is $3.65.buy cvv bitcoin

A break through the resistance level will open Litecoin’s price all the way to $3.9 and $4.0.This will be possible primarily due to the general rise of prices for all cryptocurrency.This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency.0 0 0 0 Send to Mail 0 0 0 0 Send to Mail Apr 20, 2017 at 21:21News Aug 12, 2016 at 15:54Price Mar 19, 2017 at 21:55News Jun 19, 2017 at 17:35News Jul 22, 2016 at 10:00BlockchainIn a year of monster hackers, the rise of new cryptocurrencies, and its own unresolved “civil war” over how to enlarge its transaction capacity, bitcoin has not only survived, but thrived.The price of bitcoin has risen by 19% this month to a high of $718, putting it within touching distance of its 2016 peak.As with most bitcoin price movements, the reason for the current rally is a bit of a mystery.(The 2016 peak was easier to explain the most, as it coincided with the UK’s vote for Brexit.)

As for the latest price climb, here are some of the leading theories circulating among crypto traders: The Chinese yuan has fallen 4% against the dollar so far this year, bringing it to a six-year low.Some Chinese traders are using bitcoin, along with gold, as a hedge against further yuan weakness, Bloomberg reports.Currency hedging in China is complicated by the country’s capital controls, making freely traded bitcoin more attractive.Also, a government ministry recently released its first ever study of blockchain technology, the technology which underpins bitcoin, and it was overwhelmingly positive.This is another China theory.With China’s central bank saying it will start scrutinizing high-yield investment products to rein in credit growth, as the Wall Street Journal reports (paywall), the crackdown gives Chinese traders another reason to flock to bitcoin.This is the theory currently being discussed on the notorious financial blog Zerohedge.A long awaited update to the bitcoin core, the software that governs the cryptocurrency, includes a “soft fork” solution to the problem of limited transaction capacity on the bitcoin network.

The solution is called “segregated witness” and it allows bitcoin miners and others running the core software to up transaction capacity without running the existential risk of a “hard fork” that would split the currency’s blockchain.(A “hard fork” would force users to choose between two bitcoin blockchains, and would seriously undermine faith in the digital coin.)In a new report from Needham and Co., highlighted by Zerohedge, the investment bank lifted its price target for bitcoin from $655 to $848, citing improved stability and deepening liquidity.The report notes that Bitcoin’s famous volatility is now about the same as that of oil (although arguably that’s not saying much), while its liquidity is comparable to that of a US mid-cap stock.The above theories have their counterpoints.For instance, while the “segregated witness” soft-fork solution has gained the support of large parts of the bitcoin ecosystem, major opposition still exists.A major mining pool called ViaBTC has vowed not to support the soft-fork, and it has enough processing power to prevent its implementation.

As for the theories about Chinese traders treating bitcoin as a store of value, or using it to evade the country’s capital controls, these hypotheses have been trotted out after each bitcoin price rise, because the majority of bitcoin trading by volume takes place in China.But exchange owners have reported that their customers are speculators, not people trying to stash money outside the country.There are also far more popular ways to do this, like “smurfing,” when a sum of money is broken down into smaller chunks of cash.But in bitcoin, as with other markets, perception is as important as reality.For now, bitcoin’s investors will be happy to repeat their familiar refrain about the cryptocurrency’s price: “To the moon!“The fragmented mandate on Bitcoin’s scaling issue has been going on for more than a year.The issue revolves around the size of the blocks which are added to its blockchain​.Bitcoin blocks have a limited ‘storage’ capacity of 1MB under the current popular system of Bitcoin Core.

With increasing usage, congestion issues have been reported on the Bitcoin network, resulting in more time and transaction fees necessary for verifying transactions.To resolve this, different sections within the Bitcoin community pitched different solutions to enable smoother running by decongesting the blocks.However, there was a failure to reach a consensus.Blocks are files where data pertaining to the Bitcoin network is permanently recorded.A block records the most recent Bitcoin transactions that have not yet entered any prior blocks.Thus, a block is like a page of a ledger or record book.Each time a block is ‘completed’, it gives way to the next block in the blockchain​.A block is thus a permanent store of records which, once written, cannot be altered or removed.Mahin Gupta, co-founder and CTO of Zebpay told Investopedia, “Bitcoin is a decentralized technology.Which means discussions on changes to the network happen in the open, in public and not behind closed conference room doors.

These debates are visible and can be messy.This is a feature of bitcoin, not a problem.Such debates are not a one-time issue.They will keep happening as bitcoin grows in popularity.I am confident that the community will come to a consensus soon and then we shall debate how to scale it again.” (Related reading, see: What Is Bitcoin Unlimited?)Among the various solutions, Bitcoin Unlimited, SegWit2x, BIP148, gained more than attention than the others.SegWit2x came into the limelight in May when the Digital Currency Group (DCG) published a post titled, “Bitcoin Scaling Agreement At Consensus 2017.” According to that post, the community supports the parallel upgrades to the Bitcoin protocol based on the original Segwit2Mb proposal.It includes: a) Activate Segregated Witness at an 80% threshold, signaling at bit 4, b) Activate a 2 MB hard fork within six months.According to the post, the group of signed companies is a good representation of the Bitcoin ecosystem.As of May 23, this group represented: 56 companies located in 21 countries, 83.28% of hashing power, $5.1 billion monthly on chain transaction volume and 20.5 million bitcoin wallets.

Under the original proposal, 95% threshold was needed which has been lowered to 80%.The schedule for SegWit2x mentions July 21 as the day when signaling begins.Meanwhile, BIP148, another scaling solution, will be triggered on August 1, 2017.BIP148 is all set for User Activated Soft Fork (UASF) – “a mechanism where the activation time of a soft fork occurs on a specified date enforced by full nodes, a concept sometimes referred to as the economic majority.” Normally, a USAF does not to seek miners support, as it's a ‘user-activated’ soft fork.However, in this case, it does.The UASF post reads, “BIP148 is a UASF that is designed to cause the existing SegWit MASF (miner activated soft fork) deployment to cause activation in all existing SegWit capable node software (which currently is 80% of the network nodes).From August 1st, 2017, miners are required to signal readiness for SegWit by creating blocks with the version bit 1.This will cause all SegWit ready nodes, which make up over 80% of the network, to activate and begin enforcement.” With Segwit2x and BIP148 going active one after the other, fear on incompatibility has emerged.

To this, John Light has recently said in his blog post, “As far as I can tell, BIP148 is not incompatible with the Segwit2x agreement.At the very least, BIP148 does not violate the spirit of the agreement, since it both activates SegWit and in no way, prevents signatories from running code for a 2MB hard fork once it’s ready.” The third solution, Bitcoin Unlimited, advocates complete freedom and flexibility to increase the size of blockchain and this will be done by miners.Jihan Wu has been advocating and pushing for accelerated adoption of Bitcoin Unlimited.BITMAIN, a company co-founded by Wu has recently published a blog which calls, “BIP148 is very dangerous for exchanges and other business.” (Related reading, see: Who Is Jihan Wu, , and Does He Basically Control Bitcoin Today?)A split in the network is the last thing the Bitcoin community would want at this point.So, are these developments a warning sign?“We recently partnered with China in a big way, if any of our business models were threatened by the scaling debate with bitcoin blockchain, I would be the first to give my opinion.