Litecoin prices continued a recent rally today, pushing the digital currency to its highest value in more than one year.Far from a standard cryptocurrency pump, however, the market appears to be responding strongly to its technical roadmap.Namely, the increase comes as the network nears the key 75% support level needed to activate Segregated Witness, a scaling solution that will boost block capacity.While signaling had declined slightly to 67% at press time, litecoin traded as high as $11.32 today, up nearly 40% in the space of 24 hours, according to CoinMarketCap data.Late yesterday, the digital currency even reached $11.42, its highest price since May 2014.These recent price increases have built on the gains the cryptocurrency began experiencing roughly one week ago, when the digital asset surged nearly 70% on 30th March.As a result of these continued upward price movements, litecoin's value surged more than 100% in a week., 24-hour volume surpassed $250m today, a drastic increase from the $10m recorded during the 30th March rally.

The major development that has coincided with litecoin's continued rise is progress toward obtaining the support levels needed for activating SegWit.First designed for use on the bitcoin blockchain, SegWit would nonetheless increase litecoin's block capacity by altering how transaction date is stored by the network.Once breached, the level of support will need to remain at or above the 75% threshold level for 8,064 blocks (roughly two weeks) before it can officially be implemented.The recent rally in litecoin prices compares to a long period when the digital currency's price experienced little volatility.The price of litecoin rose to more than $50 in late 2013 but has traded below $20 since early 2014.The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies.Have breaking news or a story tip to send to our journalists?Contact us at [email protected]/* */.

Why'd Litecoin jump all of a sudden?Because Moon (self.litecoin)submitted by π Rendered by PID 13332 on app-404 at 2017-06-24 11:24:17.745257+00:00 running 3522178 country code: SG.Litecoin prices surged nearly 70% today, ending months of stagnant market activity.Prices for the alternative cryptocurrency rose to as much as $7.04 on CoinMarketCap, compared to $4.18 at the start of trading – a rise of about 68%.According to the data, most of the trading has taken place on Poloniex, OKCoin and Huobi.At press time, the price is averaging around $6.30 across exchanges.Prior to today's rally, the digital currency had seen little price volatility since roughly the start of February.In that time, litecoin prices have fluctuated within a range close to $4, market data shows.Its price reached as much as $48 in late 2013.As for what's driving the rally, market observers aren't so sure.One theory floated related to efforts to integrate Segregated Witness – originally proposed as an upgrade to bitcoin's code – with litecoin, though figures show that adoption has been slow amongst the altcoin's miners.

At least one trader has expressed surprise in light of the rally.Charles Hayter, co-founder and CEO of CryptoCompare, told CoinDesk that he wasn't clear on what was causing prices to rise.Tim Enneking, chairman of Crypto Asset Management, offered a similar take, stating: "This move caught us totally by surprise."Another possible culprit: traders are simply chasing possible gains in the altcoin markets."Traders have itchy trigger fingers after the recent market volatility and are looking to jump on moves and therefore exacerbate them," Hayter said.bitcoin linux poolHomeNewsCrypto Chinese Investors Start to Drive up the Litecoin Price Crypto, Newsrealtime bitcoin trackerLTC has consistently shown enough backing by miners and traders to survive as an alternative cryptocurrency.litecoin gratis español

Scrypt ASIC-resistance may have fallen, but it does have the advantage that scrypt miners need a coin to mine or their equipment is useless.LTC is the leader of the pack of hundreds of altcoins, see Crypto-Currency Market Capitalizations.But in a world where network affects dominate, bitcoin is the unstoppable gorilla.Especially once we work out how to peg sidechains to the bitcoin blockchain, bitcoin will be the only store of value of real significance.bitcoin zukunft 2014Today, BTC has 35 times the market capitalization of LTC, and that ratio will probably get higher.mit bitcoin initiativeWhether to support altcoins or not has been pretty controversial in the bitcoin community.acheter bitcoin banqueAs bitcoin becomes broadly adopted, however, it also becomes subject to scrutiny and attention, taxation, and government rules and regulations to potentially run afoul of.bitcoin kurs 500

There will always be a market for altcoins that are more obscure, or just more fun, like Dogecoin or Clams, among many others.CoinbaseCoinbase Adds Litecoin and Prices JumpJeff John RobertsYou've probably heard about the digital currency called bitcoin.But you may not realize there are literally dozens of other so-called alt-currencies out there that work in a very similar way and that, like bitcoin, their value has been soaring in the last year.While bitcoin is far and away the biggest—its market cap is more than twice all the other alt-currencies combined—some of its rivals are gaining traction.bitcoin kurs chfThese include Litecoin, a currency introduced in 2013 by former Google employee Charlie Lee, and that is currently the fourth most valuable alt-currency.Litecoin, as its name suggests, is a "lighter" version than bitcoin.bitcoin cyprus neo

It can process transactions four times faster and has not run into the sort of controversies related to scaling for growth that are currently consuming the bitcoin community.Get Data Sheet, Fortune’s technology newsletter.But despite its history and positive reputation, it hasn't experienced the same recent dramatic increase in value as bitcoin or ethereum, which is the No.2 alt-currency on the list.One reason for this could be that Litecoin is harder to obtain than those other two currencies.That changed, however, on Wednesday as the popular digital currency exchange service Coinbase made it possible for people to buy and sell Litecoin.And, indeed, prices jumped over 25 percent on the Coinbase news according to the site Coin Market Cap.The Coinbase tie-in is significant because is by far the most popular way for ordinary people—as opposed to dedicated crypto-heads—to buy and sell digital currency.Litecoin's appearance on the platform means it is suddenly a lot more liquid as an asset.Lee, the Litecoin creator who is now head engineer at Coinbase, is (unsurprisingly) bullish about the currency's potential.