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 past few weeks have been quite remarkable for Litecoin.Although a lot of people assumed this currency to be dead in the water, that is not the case.In fact, things are heading in a very bullish direction.The Litecoin value increased by over 700%.This is due to SegWit locking in and the Coinbase listing.

The future’s looking bright for Bitcoin’s silver, that much is evident.Litecoin has come a very long way these past few weeks.Earlier this year, one LTC was valued at US$4.That is quite a ways from its previous ATH of around US$48 in 2013.Ever since that time, a lot of people have forgotten about LTC.current bitcoin price audThings have an odd way to work itself out, though, as Litecoin is on everybody’s mind right now.bitcoin is making a big comebackThe popular cryptocurrency locked in the activation of not too long ago.bitcoin future scopeThat in itself is quite a major boon for this popular currency.titan coin bitcoinBitcoin is trying to get SegWit activated too, yet keeps meeting opposition from miners.bitcoin gpu miner download

However, the impending activation of Segregated Witness has done wonders for the LTC price.In fact, the Litecoin value has increased by 700% so far.That gain cannot only be attributed to the SegWit activation locking in, though.Coinbase, a very popular US-based cryptocurrency exchange, Litecoin support as well.doge to bitcoin exchangeThis, in turn, has given the Litecoin value another boost upward.bitcoin paypal verkaufenIt looks like LTC is well underway to surpass US$30 again.dogecoin value dollarIt is hard to tell where this will end, although a value of US$50 is not out of the question.bitcoin seen by 1 peerAt the same time, one has to keep in mind Litecoin does not have the same issues bitcoin has.

Litecoin never had full blocks to begin with, whereas it is very common on the Bitcoin network.There is also a lack of demand when it comes to Litecoin, especially from a merchant and consumer point of view.These are all issues that can be addressed quickly, though.However, the question becomes whether or not the Litecoin value can maintain this trend in the long run.In the end, a lot of people still look at Litecoin as a Bitcoin testbed.Any development changes failing to gain traction can be ported to Litecoin to see how well they do.A lot of people will keep an eye on the SegWit malleability fix and how it affects Litecoin.These are still exciting times to be involved in altcoins, though.Anyone holding LTC may see the Litecoin value increase a bit further these coming weeks.The price of litecoin surged to a more than three-year high earlier today.Over the course of a particularly active session, the cryptocurrency, once marketed to as the "silver to bitcoin's gold", reached as much as $15.09 at approximately 00:30 UTC, its highest since March 2014, according to data from CoinMarketCap.

At the time of report, the digital asset had fallen slightly to $14.48 – yet this figure was still three times higher than price observed last month.After years of dormancy, litecoin has seen its price rally lately as it comes ever closer to obtaining the miner support it needs to activate a technical upgrade called Segregated Witness.(Should current support levels hold, it's expected upgrade will "lock in" in about two weeks).At the time of report, 77.81% of litecoin miners were signaling their support for the upgrade.SegWit, a solution originally created for bitcoin, would increase litecoin's block capacity by reducing the amount of data associated with each individual transaction.As such, the support that miners have been showing for this solution is cited as the primary influence on the recent price increase."Over the past week, LTC basically moved in tandem with the percentage of miners supporting it.Miner support is now 99.65% [in the past 24 hours], so litecoin is doing well," said Tim Enneking, chairman of cryptocurrency hedge fund Crypto Asset Management.