Litecoin Value Increases by 700% As Politics Still Prevent Bitcoin From Scaling

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 Value Continues To Soar

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. Things have an odd way to work itself out, though, as Litecoin is on everybody’s mind right now.

The popular cryptocurrency locked in the activation of SegWit not too long ago. That in itself is quite a major boon for this popular currency. Bitcoin is trying to get SegWit activated too, yet keeps meeting opposition from miners. However, the impending activation of Segregated Witness has done wonders for the LTC price. In fact, the Litecoin value has increased by

Read more ... source: TheBitcoinNews

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