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.* FM HomeCryptoCurrencyTradingLitecoin Doubles in Price Again, Market Cap Over $600 Million Litecoin Doubles in Price Again, Market Cap Over $600 Million The capital spillover effects from Bitcoin to competing altcoins are continuing to create amazing trading opportunities in the cryptocurrency market.Over the past twenty-four hours the main top competitor to perform is Litecoin, which completed a rise of over 32% during the day.The London Summit 2017 is coming, get involved!After only last week we reported about LTC/USD jumping from around $4 to almost $8 before returning to a level of $6, the price of the first altcoin is now about $12.

Litcoin trading volume was remarkably high as well, with about $255 million exchanged over just twenty-four hours period, many times more than the average daily volume.bitcoin price drop february 2014, explained how SegWit implementation is behind the move: “Litecoin has come alive with the prospect of pipping Bitcoin to the post in adding scalability solutions.bitcoin price drop february 2014Its volumes are off the chart and are showing a strong fiat flow increase for 2017.”If you are not yet aware, the background for all the recent jumps in altcoin prices is the fear of a possible hard fork that will split bitcoin into two warring camps.dogecoin forumAs the transactions backlog is growing fast and it is taking more and more time to send funds, the community is torn between two solutions to the block size issue : Bitcoin Core (SegWit) and Bitcoin Unlimited.ethereum offline

xDon't stay behind!Sign up for our newsletter and get all the hottest news in your inbox daily.* First Name Last Name Email address* I would also like to receive business enhancing offers and promotionsName Report News First NameLast NameEmail message*Phone Found a mistake?ethereum front endFirst Name*Last Name*Email* message*Phonebest litecoin mining rig setupLitecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.bitcoin geht an die börseLitecoin is an open source, global payment network that is fully decentralized without any central authorities.litecoin mining better than bitcoinMathematics secures the network and empowers individuals to control their own finances.bitcoin hits 900

Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency.With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.Community Find support across a growing number of Litecoin communities: Litecoin ForumsLitecoin Telegram Reddit Litecoin Search for Users on Twitter IRC FreeNode network channels #litecoin (for general users) and #litecoin-dev (for developers).Resources Find general information as well as a list of services and exchanges that support Litecoin at the Litecoin Wiki.Up-to-date network statistics can be found at Litecoin Block Explorer Charts.Source code for Litecoin Core and related projects are available on GitHub.Open Source Software Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software.

The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.Blockchain The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin.Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future.As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.Wallet Encryption Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins.This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.Mining Reward Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks).