Advertise Jobs at BTCManager BITCOIN PRICE: 2,716.73 HIGH: 2,744.00 LOW: 2,663.00 BTC = USD #TRENDING STORIES Next Event Money 20/20 Europe • June 26-28, 2017 European-focused event on Fin-tech, providing an overlook of the disruptive ways in which consumers and businesses manage, spend and borrow… → BTCMANAGER TWITTER: TOTAL TWEETS: 3850 total FOLLOWERS: 16163 official hashtag:#BTCManager BTCMANAGER Upward Momentum in Bitcoin Price Intensifies on Litecoin's Role as SegWit Testbed Over the past month, the price of bitcoin has consistently maintained its upward trend and momentum, increasing from around $1,185 to $1,624 as litecoin moves to implement SegWit.In the past seven days, bitcoin price recorded a 15 percent weekly gain, breaking the $1700 barrier on May 9 for the very first time.The short and mid-term surge of the bitcoin price coincides with the successful activation of the Bitcoin Core’s development team’s transaction malleability fix and scaling solution Segregated Witness (SegWit) on litecoin.

Specifically, Charlie Lee revealed on April 12 that litecoin reached its 75 percent threshold for activation.After the initial approval, litecoin implemented SegWit upon the completion of its two-week lock in period.In the monthly bitcoin price chart provided by various bitcoin market data providers including Cryptowatch, BTC-USD really began to surge when the 75 percent threshold for SegWit activation on litecoin was met.As seen in the chart provided above, the bitcoin price began to surge dramatically on April 16, exactly four days after the SegWit activation threshold was met.It can be said that bitcoin price was not directly affected by litecoin’s SegWit threshold activation on April 12 because it still had to undergo a two-week lock-in period led by its miners.In other words, the miners had to maintain the 75 percent threshold for two weeks.In the early stages, Bitmain and its litecoin mining pool declined to support the upgrade.Ultimately, Charlie Lee, Director of Engineering at Coinbase and Litecoin founder led the Litecoin Roundtable Agreement and convinced the rest of the miners to activate SegWit.

As the probability of SegWit activation and adoption increased, the price of bitcoin continued its upward trend.While many analysts have also attributed bitcoin price’s recent growth trend to the explosive growth in the Japanese bitcoin exchange market and the rise in the demand for bitcoin from institutional investors, based on the price chart and the timeline of SegWit activation, it cannot be denied that the upgrade activation on litecoin had a significant impact on bitcoin price in the mid-term.There exists a few reason why the bitcoin community highly anticipated the activation of SegWit on litecoin.Structurally and philosophically, litecoin is very similar to bitcoin.In consideration of the similarity between the two, miners including F2Pool previously stated that they would most likely push SegWit on bitcoin if its impact on litecoin is positive.Simply put, miners wanted to observe SegWit’s effect on the on-chain capacity increase of litecoin and the introduction of two-layer solutions such as Lightning.

The Lightning Network has been an important component of the Bitcoin Core team’s scaling roadmap.It also is the Core team’s leverage over the industry and community as Core developers including Luke Jr claimed that Lightning could optimize the current bitcoin block size by up to 90 percent.circle bitcoin mexicoOn May 3, Charlie announced that the Lightning network will be integrated into litecoin and that the altcoin's development team will actively work with Lightning Labs; this should lead to greater interchangeability between bitcoin and litecoin, negating the need for exchanges as people would be able to instantly exchange between the two using Lightning.bitcoin price drop september 2014Charlie wrote: The Lightning Network will be on Litecoin!bitcoin apple widget

The Litecoin devs are really excited to work with Lightning Labs on such an exciting technology.https://t.co/XGDp6XHRXV — Charlie Lee (@SatoshiLite) May 3, 2017 While the growth of the Japanese exchange market and the rise in interest of institutional investors in bitcoin remain as major driving factors of bitcoin price, litecoin’s effect on the bitcoin price cannot be dismissed.bitcoin mining difficultyOnce scaling issues of Bitcoin are resolved, the community anticipates the bitcoin price to reach $2,000, a key psychological resistance level.bitcoin bid askJoin our Telegram Channel!litecoin buying ukGet Bitcoin News stories in Telegram × DismissHomeNewsCrypto Chinese Investors Start to Drive up the Litecoin Price Crypto, NewsRead previous post:Who’s banking whom in cryptoland?On Monday, we brought you the story of TokenCard, the Ethereum-based venture set to revolutionise the world of payments by...Close

It sounds strange but Litecoin in 2016 feels quite strong.You would probably ask: how so, if the price fell to $2.90 and continues to decrease?But take a look at the chart of LTC:BTC – Litecoin exchange rate is fixed higher than 0.008, and even reaching 0.0084.This means that the price of $2.90 speaks not about weakness of Litecoin, but about the weakness of Bitcoin during a whole bunch of bad news (the report of RAND on need of fight against digital currencies, bankruptcy of Cryptsy, the next split in Bitcoin Foundation and a statement of Mike Hearn).Moreover, new discussions on the size of the Bitcoin block have begun again In the beginning of 2016 Litecoin price was noticeably higher than $3.40.It has created a small triangle with an exit up to $3.64 by January 7.But then Litecoin started falling continuously having reached today's $2.90.Now it is impossible to give the forecast for the next week.The negative factors didn't affect the Bitcoin price fully yet.Panic sales are still possible, which will give us an opportunity to buy really inexpensive Litecoins.

But price correction are possible and it can turn the trend up at any time.DASH price grows by 10-20% a day.DASH price even grew from $3 to $4, despite the falling of Bitcoin.DASH don't care about the problems with block size, emergence of new forks or the problems of regulators and exchange collapses.The exchange rates have already reached 0.01, or 100 DASH for one Bitcoin.Traders willing to buy DASH may now only dream about the exchange rates of 0.0055, which were available only a month ago.Throughout the whole week, a steady uptrend was developing and next week we may expect corrections to begin.For example, it may drop the price to the level of 0.0075.However, one note: it is impossible to be sure that this correction surely has to happen.Dogecoin grew more than by 30%, having surely fixed on 40 Satoshi in the beginning of 2016.The top was reached on January 9 with the price of 49 Satoshi.It especially pleased those who bought Dogecoin on January 8 for 30 Satoshi.It seems now that we won't see the price of 30 Satoshi again for a long time.

But buy orders on 33-36 are still possible and even desirable.Next week it is worth expecting price fluctuations around 40 Satoshi or falling to 35 Satoshi and below.ETH breaks records with the continuous growth that proceeds this week.It jumped from 0.0022 to 0.0034, thus trading volumes are record-breaking high as well.This success is connected with the active advertising and PR campaign of Ethereum and an anti-advertising of Bitcoin that began synchronously.At the moment no possible changes of the trend are visible, but also I would not recommend traders to make purchases next week, as its already too late.If the price growth proceeds, it may stop being so rough at any moment.Moreover, ETH can stop moving up and even fall sharply.Peercoin feels very strong in 2016.Though, exchange rates of PPC:USD fell, the PPC:BTC pair grew by more than 10%, having fixed at the level of 0.001 and above.This is a psychologically important level, 1000 Peercoin for one Bitcoin.Now it is desirable to hold this level for as long as possible.

While Bitcoin price is falling Peercoin made a jump to $0.496 and then rolled down to $0.354.Peercoin hasn't seen such volatility for a long time, as this jump and falling of the price were made within just three days.Now purchases lower than $0.40 are of interest, especially, if Bitcoin price fluctuation gets a definite direction.Neucoin moves on the road of disappointments.The chart of this cryptocurrency in the beginning of 2016 looks bad.By the end of 2015 the price of Neucoin was about $8 for 1000 Neucoin and purchases were favorable as the price jumped to $9-10.But in 2016 we see an absolutely different picture on the chart.Symbolically, what exactly on December 31, 2015 the price of Neucoin was higher than $8.Each following day of 2016 the Neu price moved lower and reach today's $2.7 for 1000 Neucoins.And it is difficult to tell where this falling may stop.Next week the emergence of a new local bottom is possible at any moment.But the rebound or a turn of a trend is also probable.