Bitcoin miner support for SegWit has continued to rise slowly over the past few days, currently sitting at 30%, but remains far from the needed 95% to activate the proposal.There is also a growing push for Litecoin, an alternative digital currency, to activate SegWit as well, currently sitting at 57% support.In either case, a successful soft fork and the subsequent advantages of SegWit activation on scaling and block size should be beneficial for all digital currencies, merely as proof of concept.Sure, the testnet exists and shows validity of the proposal, but until a digital currency protocol with a billion dollar market capitalization is SegWit-functional, it's harder for miners, nodes, users and traders to truly understand the benefit.Follow the BTU and SegWit proposal signaling breakdown per block here .Even after a SegWit soft fork, a hard fork with another derivative of the bitcoin protocol is not out of the question.So long as there is 51-75% miner support, the hard fork may still occur.

Whether the benefits of SegWit are enough to keep the hard fork possibility at bay remains to be seen.On the weekly chart, the price of bitcoin appears to have found support and will now range between the local low and all-time high.britain bitcoin taxThe Relative Strength Index, a measure of momentum, gives the price plenty of room to continue upward past the previous all-time high ( ATH ).reddit bitcoin paypalWith a bullish fundamental event like SegWit activation, which begins to solve scalability problems, a substantial jump in price could be expected.bitcoin usd google financeThe next technical resistance appears to be the 1.272 and 1.618 Fibonacci extensions at ~$1600 and ~$2000 respectively.wie bitcoin handeln

These levels ought to be easily obtainable should scaling become fixed.The logic for this assumption is that, with the current 1MB ceiling, the rate of transactions per block has effectively stagnated.bitcoin dead singaporeWith a marginal increase in block size leading to the ability for future off-chain transactions through the Lightning Network , the network as a whole would become much stronger and more useful to the general public.bitcoin dice listPrice banging on an ATH while banging on the block size ceiling should be seen as no coincidence.pay using litecoinThe most important active pattern at the moment is the building inverse head-and-shoulders pattern.bitcoin user weltweitOn this daily timeframe chart, you can see how this is a repeating fractal pattern from the downward move in January.bitcoin sha

This should signal a bullish reversal once the neckline is cleanly broken.The right shoulder does not need to meet the same horizontal support as the left shoulder and is often diminutive, as is seen in the previous pattern.Despite the growing support for SegWit, I still expect a push for a hard fork, allowing Bitcoin Unlimited to compete with SegWit.How this will affect the price of either asset is really an open question, but should Segwit hold up to its promises as a viable scaling solution, BTU will likely not live on for long.The soft fork vs.hard fork timeline and order will be very important for the price in the coming months.Bitcoin's price found support on a previous resistance zone.The next resistance zone will be between the previous and current ATH.With block size expansion, expect the probability of a price expansion as well.There is an active chart pattern on a high timeframe calling for bullish reversal.A convincing candle close above the current horizontal resistance should yield a price of ~$1350 within the next month.

Trading and investing in digital assets like bitcoin is highly speculative and comes with many risks.This analysis is for informational purposes and should not be considered investment advice.Statements and financial information on Bitcoin Magazine and BTCMedia related sites do not necessarily reflect the opinion of BTCMedia and should not be construed as an endorsement or recommendation to buy, sell or hold.Past performance is not necessarily indicative of future results.Litecoin Symbol LTC Price $45.87 Market Cap $2,371,705,399.39 24h Volume $275,318,000.00 Supply 51,693,707 24h % -0.02% About Litecoin is an open-source, global payment network created by forking the Bitcoin client for a decreased average block time, increased supply, and modified consensus mechanism structure.Compared to Bitcoin, the system has faster transaction confirmation times and a public founder & development team who view Litecoin's technical implementation as an improvement to Bitcoin.

Resources Litecoin Wiki The Litecoin Wiki is the largest LTC resource on the web, with articles about mining, development, and more.Bitcoin This article discusses the similarities and differences between two oftenly compared cryptocurrencies - LTC & BTC.Download Lawnmower and start investing today.Odds Shark Top Sportsbooks1 Review2 Review3 Review BitcoinBitcoin4 Review BitcoinBitcoinSee All Sportsbook ReviewsYou are hereHomeLitecoin Price Rockets To 3-Year High Litecoin Price Rockets To 3-Year High OddsShark Staff | Wed, Apr 26 2017, 1:17pmRedditCommentshas been frontrunning last couple months (Green indicators lead the pink)... spiking now... will ripple to follow suit?If breaks out could make a move back towards its 100dma (pink line)If you want to mine bitcoin, you should have a sophisticated ASIC processor.If you do not have this high-priced, high-speed bitcoin miner, you can still mine other digital currencies called altcoins, for example, litecoins.Litecoin is a P2P cryptocurrency, similar to bitcoin, independent from any central authority.

After bitcoin, litecoin is the most important and valuable cryptocurrency.Most cryptocurrencies use scrypt, a key derivation function, as algorithm.If you have a computer or a laptop with a sleek graphics card, it is still possible to mine altcoin.You can work with a laptop that has an integrated graphical card.For the start, you need a wallet where you can store coins.Visit the homepage of the kind of digital currency you want to mine and download a wallet app.Most wallets are based on Bitcoin Client, formerly known as Bitcoin Qt, a software that helps private key generation and safety.You will have to wait a long while until the entire blockchain downloads.You have two options to mine cryptocurrency: you can use the central processing unit or the graphics processing unit of your graphics card.Using GPU is more convenient, but you will need a dedicated graphics processor.Several laptop feature integrated graphics cards, which are not good for this purpose.Consider that mining digital currencies may damage your electronic components.

You can mine digital currencies alone, or you may find a mining pool, a community whose members contribute with their processing resources and everyone receives a share.When you mine alone, you can keep all the rewards, however, you will have a hard time to configure your software for the purpose, and you will have less chance to succeed.A group of miners has more chance to solve a block, but they will have to split the reward, depending on how many shares each user contributed.If you are a newbie, you will have an easier route joining a pool.A pool provides a steady income, but you only receive a small part of it.Some pools, for example, Multipool, will switch cryptocurrencies, finding the most favorable option for you.You can check out litecoin price at chart websites where you can find analysis and chat options.Some experts say that litecoin is crashing and losing its value, so prices have declined.Before you start mining, you must install your CPU miner.You can use a software for this purpose, “cpuminer”, provided you can use the command prompt of your PC.