{"id":2248,"date":"2017-04-07T11:26:12","date_gmt":"2017-04-07T11:26:12","guid":{"rendered":"https:\/\/blog.holytransaction.com\/?p=2248"},"modified":"2022-01-25T20:51:12","modified_gmt":"2022-01-25T18:51:12","slug":"litecoin-segwit-new-time-highs","status":"publish","type":"post","link":"https:\/\/holytransaction.com\/blog\/2017\/04\/litecoin-segwit-new-time-highs.html","title":{"rendered":"Litecoin Segwit: how it is driving the prices"},"content":{"rendered":"<p>Maybe because of the recent <a href=\"https:\/\/holytransaction.com\/blog\/2017\/05\/litecoin-segwit-approved.html\"><strong>Litecoin Segwit<\/strong> support<\/a>, this digital currency <strong>price set a new high<\/strong> yesterday, reaching a value of $11.42, its highest price since May 2014.<\/p>\n<p>We cannot define it a cryptocurrency pump, but the market seems to answer to the technical changes in the network.<\/p>\n<p>This price growth, in fact, could be explained thanks to the <strong>almost reached the 75% support<\/strong> level needed in order to activatate the Litecoin Segwit (<a href=\"https:\/\/holytransaction.com\/page\/what-is-segregated-witness\">Segregated Witness<\/a>), or a scaling solution that will improve blocks capacity.<\/p>\n<p>Right now, in fact,\u00a0just over 70% of miners were giving their support for the Litecoin Segwit.<\/p>\n<p>Even if at press time, <a href=\"https:\/\/holytransaction.com\/page\/monedero-Litecoin-crear-cartera-online-cambio-registrar-mejor-gratuita-abrir\">Litecoin<\/a> price declined of about 67%, litecoin traded as high as $11.32 today\u00a0up nearly 40% in one day, according to CoinMarketCap.<\/p>\n<p>On March 30th, litecoin price increased of about 70% and, always according to <span class=\"skimlinks-unlinked\">Coinmarketcap data<\/span>, its 24-hour volume passed $250m today.<\/p>\n<h2>Litecoin SegWit support<\/h2>\n<p>These important new Litecoin highs have coincided with the almost reached support level needed for activating the Litecoin SegWit.<\/p>\n<p>First designed to be used on the Bitcoin blockchain, <strong>SegWit would increase the block capacity<\/strong> by modifying how transaction data is stored by the blockchain itself.<\/p>\n<p>Once reached, the support level will have to remain at or above the 75% threshold level for 8,064 blocks (almost two weeks) before SegWit can officially be activated.<\/p>\n<p>The litecoin price reached $50 in late 2013, but it has traded below $20 since early 2014.<\/p>\n<p><a href=\"https:\/\/holytransaction.com\/blog\/?s=segwit&amp;submit=Search\">Click here to read more about SegWit<\/a> and a new Bitcoin potential fork.<\/p>\n<p>Open your free digital wallet <a href=\"https:\/\/holytransaction.com\/app#!\/signup\">here<\/a> to store your cryptocurrencies in a safe place.<\/p>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>Maybe because of the recent Litecoin Segwit support, this digital currency price set a new high yesterday, reaching a value of $11.42, its highest price since May 2014. We cannot define it a cryptocurrency pump, but the market seems to answer to the technical changes in the network. This price growth, in fact, could be [&hellip;]<!-- AddThis Advanced Settings generic via filter on get_the_excerpt --><!-- AddThis Share Buttons generic via filter on get_the_excerpt --><\/p>\n","protected":false},"author":2,"featured_media":835,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37,191,468],"tags":[1065,1234,1235],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.6 (Yoast SEO v22.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Litecoin Segwit: how it is driving the prices -<\/title>\n<meta name=\"description\" content=\"Litecoin Segwit is coinciding with new highs for the digital currency price. 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