What is your Litecoin price prediction and why?(self.litecoin)submitted by Tbh I was never really on the Litecoin train after seeing it kinda lag behind other cyrptos like Dash and Monero, but idk in my gut I feel like Bitcoin is gold and Litecoin is silver... No way it's going to be at $4 in the future, how low/high will the price go do you think and why?π Rendered by PID 13072 on app-239 at 2017-06-24 11:06:02.781364+00:00 running 3522178 country code: SG.With the price of litecoin rising, cryptocurrency investors have been forced to take another look at the project – one of the longest-running but frequently overlooked public blockchains.Once widely heralded as the 'silver to bitcoin's gold', litecoin has in recent years struggled to find its value proposition in a sea of more novel blockchain projects.That may have changed, however, now that it could be utilized as a proving ground for a new technical solution.As profiled on CoinDesk, litecoin miners have recently begun to show their support for Segregated Witness (or SegWit), a blockchain scaling solution originally designed for the bitcoin blockchain.

But whereas political divisions have largely stymied efforts to approve the upgrade for bitcoin, litecoin recently passed its 75% threshold for activation.Should this hold for two weeks, the new code will go live.According to analysts, the market's recent response to this development has helped give the project new relevance to investors.All in all, the cryptocurrency has more than doubled its market cap in response, rising from $215m on 30th March to $550m yesterday.Of interest now to traders and investors, however, is whether this capital will stay in the litecoin ecosystem, and whether the project can develop a long-term value proposition.While SegWit may be a minor code upgrade, analysts argued litecoin's technical improvements speak directly to the quality of the project's development team.Further, obtaining the consensus needed to implement the update would show the community's ability to work together, one analyst emphasized.Charles Hayter, co-founder and CEO of CryptoCompare, told CoinDesk: "The activation of SegWit in litecoin is a strong positive for the cryptocurrency.

It shows the ability to make headway where bitcoin has seen its progress stalled by vested interests."bitcoin difficulty predictionHowever, other experts polled for this article suggested that litecoin could at most only succeed in demonstrating the utility of the code upgrade for the bitcoin blockchain.alex taylor bitcoinOTC trader Harry Yeh said that if SegWit is enacted on litecoin, "bitcoin will be sure to follow", potentially removing any competitive edge.litecoin list hardwareStill, SegWit could potentially prove a driver for litecoin's price, analysts told CoinDesk, if only in the near to medium term.unete bitcoinShould the upgrade take place, Hayter told CoinDesk, he "would expect the value of litecoin to appreciate".bitcoin reno

Others suggested that rising value could become more permanent.asic bitcoin calculatorPetar Zivkovski, COO of leveraged trading platform Whaleclub, argued that, since litecoin and bitcoin have similar codebases, litecoin could gain some of the bitcoin's market share should scalability remain an issue for the latter.bitcoin farming usb"SegWit activation is very likely to create a mid-term bullish trend which will increase litecoin's market cap," said Zivkovski.youtube litecoin miningHowever, he concluded that any lasting benefits for litecoin are also good for bitcoin, given that bitcoin is the cryptocurrency that can most readily be exchanged for fiat currencies.intel core i7 bitcoin mining

"There is likely to be some amount of wealth transfer from bitcoin to litecoin simply because right now the most convenient and straightforward way to buy litecoin is to use bitcoin."Tiny workers image via Shutterstock This article should not be taken as, and is not intended to provide, investment advice.Please conduct your own thorough research before investing in any cryptocurrency.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.Interested in offering your expertise or insights to our reporting?Contact us at [email protected]/* */.

There is a lot of excitement among Litecoin community members right now.The value per LTC continues to increase steadily despite some minor pushbacks.With SegWit activation within reach, it will be interesting to see how this situation evolves.Some people predict Litecoin will hit US$50 soon, although there is still a long way to go.The past few weeks have been quite intense for Litecoin users, to say the least.After signaling for , it seemed like Chinese mining pools would oppose the scaling solution.As a result, the hashrate and support of Segregated Witness went down a bit.However, an agreement was reached among mining pool operators to jointly signal for SegWit moving forward.This translates to 79.06% of blocks signaling support as of right now.What Does The Future Hold for Litecoin?Keeping in mind how the network needs 75% support to activate SegWit , things are looking good.In fact, it will take a few dozen more blocks to effectively achieve “locked_in” status.Once that threshold is achieved, it will take another activation period before SegWit becomes active on the network.

At this point in time, that is only a few short days away.By early May, things will be looking very different for Litecoin, to say the least.All of this positive attention reflects on the as well.Earlier today LTC surpassed the US$16 mark briefly before retracing to US$15.2.This is still litecoin’s highest value since March of 2014.It is evident people who thought litecoin was down and out need to start looking at things from a different perspective.Although it is difficult to make an accurate price prediction right now, some experts claim LTC may hit US$50.It is good to see Litecoin succeed where Bitcoin is failing right now.Mining pool operators can together to meet the demands of the community.Such a thing seems highly improbable where Bitcoin is concerned right now.Although it seems unlikely LTC will overtake BTC anytime soon, things will get very interesting moving forward.A successful SegWit activation for Litecoin could have an effect on the bitcoin network too, though.These are exciting times to be involved in cryptocurrency, that much is certain.