Litecoin already has the SegWit solution in place, which has caused this coin to skyrocket in valuation and is expected to grow more in the coming days or weeks.

A few days ago it was said that Litecoin, one of the Altcoins, would be preparing the implementation of Segregated Witness (SegWit), well, the implementation is already complete. The update of this protocol was initially developed for Bitcoin and that was proposed by the Bitcoin Core, destined for Litecoin two weeks ago and that has been implemented to improve the power of the hash of the Litecoin network, which should be active in a very short time . Segregated Witness should be implemented without major problems, although the most important Litecoin miner detected a major flaw.

'F2Pool slipped that they had difficulty mining Litecoin correctly. For some reason the LTC Pool was turning BTC back to the miners. We got in touch with them and they fixed it right away, 'says Charlie Lee, Litecoin investor to Bitcoin Magazine.

Litecoin hit the market in 2011 and was one of the first Altcoins to effectively gain trading power. It differs from newer Altcoins, such as Ethereum, Ripple or Monero, in that Litecoin is a derivation of the Bitcoin code, but with different mining algorithms and some modified parameters, such as confirmation times, which are faster. This similarity to Bitcoin, means that Litecoin has the same or similar weaknesses as Bitcoin, such as the variability of the transaction.

While Charlie Lee, creator of Litecoin, was betting on a soft fork from the end of 2016, initial mining support for this coin did not follow. Things changed after the Global LTC Roundtable Meeting, in an online meeting held between stakeholders in the Litecoin industry, who mostly focus on China. The participants agreed, among other issues, on the need to activate the mining pool through SegWit.

EXPERTS NOTICE: THE BITCOIN IS RIGHT NOW IN A BUBBLE

After activating SegWit, it has been seen how this coin has come to the center of attention and the markets have noticed the warning. After having remained in the shadow of Bitcoin for many years, with prices below $ 5, thanks to moving to SegWit the price has increased by almost ten times. So much so that Litecoin has reached almost $ 40 and fluctuates between $ 30 and $ 40, more or less stable, although a more upward trend is expected for this Altcoin.