Bitcoin Forum

Let's talk about litecoin's future. After SegWit, what's next? Lightning Network?
http://www.coindesk.com/litecoin-successfully-activates-long-debated-segwit-upgrade/
 (http://www.coindesk.com/litecoin-successfully-activates-long-debated-segwit-upgrade/)
Last time when BTC was $1100, LTC was $48 - Now BTC (with scaling issues, solved by LTC) is $1780 and LTC only $33.

What do you think? Tech and price.

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edit. update


https://bitcoinmagazine.com/articles/litecoin-has-now-deployed-segregated-witness/ (https://bitcoinmagazine.com/articles/litecoin-has-now-deployed-segregated-witness/)

ltc never had scaling issues. and i don't see how they can interact properly and seamlessly unless they both have segwit.

i dunno how willing people would be to make their own ad hoc lightning network by converting a certain amount of btc to ltc.

it's now up to merchants and payment processors to get going with litecoin. it must be easy enough for coinbase. i'd like to see if bitpay do anything with it.

I think it's going to rise, but how far - don't know.

Yesterdays BTC spike, dipped ltc 1/3. Today it was pumped more and BTC rise/Segwit "news" crashed the price by 1/6. I'm expecting this to rise by tomorrow (gmt)
And when I take look other popular coins then they have way higher prices, however different technologies. Eg. dash, eth - so why not ltc?

Litecoin was only around $3 2 months ago. I really cannot understand this sharp increase. I've read something that I've found on the internet while surfing on. It was saying the target is located at much higer point for LTC. Personally do not find it serious.

Considering the investment in developing the Lightning Network I expect it to be in operation before the end of May. It will be interesting to see the Marketing deployed as that rolls out. What will make it really interesting is if some large retailers accept payments via the LN.

Every alt had some sharp move up LTC needed trigger and segwit gave it.
In rality that was not even needed in LTC.
BTC is mostly use ase store of value than paypal2.0 so even with high fees people can live.
If there won't be scaling solution then centralized solutions will come some BTC backed banks :)

https://bitcoinmagazine.com/articles/litecoin-has-now-deployed-segregated-witness/

"Perhaps even more important, some prominent Bitcoin projects — like .NET Bitcoin library NBitcoin and wallet mSIGNA — announced to port their work to Litecoin now that it has enabled SegWit. Even more notable, Lightning Labs will roll out a version of their lightning network implementation on Litecoin, while ACINQ has tested their lightning software on the altcoin, too. Similarly, Bitcoin Core developer Johnson Lau, one of the authors of SegWit, has indicated that he will realize smart-contracting solution MAST on Litecoin."

I have a little LiteCoin too and am a little mesmerized because I was then expecting that after SegWit is activated in LC it would be jumping like a kangaroo in terms of value...as of now it is retreating a little bit...can it because many are feeling some apprehension what would happen next?

One thing for sure is nobody can predict 100% what can happen next in this very volatile cryptomarket we are in. Just holding my LiteCoin though...and hope to sell when it reached $50 (hope so!).

Ln will bring another hype for litecoin, But LTC can become an alternative for the bitcoin scaling issue. But looks more people are selling his coin for the news. After the implemented of segwit and hype will be finished.
That's just a usual thing on the crypto, you must understand too many people are hyping this update.

Ofcourse segwit always results into the profitable thing ( who bought before the came of segwit ) , For example the news about the segwit of doge coin results into increase in the price from 70satoahi to 144 satoshi  then think what will happen after the launch of the segwit , but Currently it goes down to again 70 satoshi ( approx ) .
So it is only the news about the particular coin for segwit or any other things just make any altcoin as a viral news ;) .
Here the down in the price is only due to the reason because the price of the bitcoin goes up that results into the price of litecoin down to balance the value of the litecoin ( there is also another factor that demand plays an important role for the increase in the price ) .

segwit is active. Time to sell.

I expect it to be quite underwhelming.  Litecoin doesn't really need it and it woudn't feel as much of a breakthrough compared to if it was activated in Bitcoin.  The latter needs it badly as its approaching a tipping point where it really has to scale right away.

As for the price, it could go on a correction but do we go back to 4 or 5 USD?  I don't think so.  'The train has left' as they say.

Didn't know that, thanks.

it would've been very interesting to see what the price would've done if this hadn't happened in the middle of the biggest alt run so far. the train can't accelerate forever.

Where can you even look at the roadmap of the Litecoin project?
I know there are development updates in the development section of their forum, but I can't seem to find anything about planned features.

LTC is now the most advanced coin in terms of technology in the POW space.

To me, we are just at the beginning of the story:

1/ Big money has come in the crypto world recently and all coins will benefit from it.

2/ Tech coins will always have an edge over the others.

3/ The liquidity of LTC is adequate for large buyers.

4/ The inflation is already advanced and will be capped at 84 mln coins. Buyers will like the low inflation risk.

5/ With the recent surge of ETH and XRP, Litecoin will seem to offer better value for investors.

6/ Litecoin is big in China and it could potentially become a coin with concrete applications in mobile payments.

7/ Large exchanges like Coinbase and others in Korea & Japan now enable LTC trading.

If you like LTC, you should also consider MONA coin which is the Japanese Litecoin:
- Japan is getting big on crypto
- Advanced stage of inflation
- Segwit is in place
- Low market cap

I'd say XEM is more the coin they are excited about in Japan, aside from a silent group of people here who vote for it in polls to be the next big coin but never say much about it.   Although only bitcoin is really seeing transaction delays and no altcoin really needs the type of raw speed XEM's upcoming Catapult code can provide, it's tech really is heads and tails about Litecoin with segwit.  Litecoin with segwit is sufficient to handle transaction volume on an exchange like poloniex, but XEM can handle the type of transactions a financial institution would deal with, with it's hand written, proof of stake code, low fees, fast block times, much lower electricity costs, good transparency, security, etc.

Always fun to look at the unconfirmed transactions bitcoin has.. up around 125K right now.. don't expect your low fee transaction to make it through in a day or three...

https://blockchain.info/unconfirmed-transactions

On the other hand XEM's transactions are a low, fixed number that is idiot proof. I was trying to wrap my head around ETH's algo that uses gas and whatnot and it's a bit complicated. haha. No guesswork with XEM, it calculates the fee for you.  1 XEM for up to 19,999 XEM, and 1 more XEM per 10,000 XEM, capping at 25XEM, with messaging adding to the cost, and that cost might be reduced down the road. We want average joes to be able to use it without thinking (as much)

Mona looks like a proof of work clone that brings nothing new to the table, to me. Proof of work is not the future of crypto for large scale adoption. A bunch of big mining operators here or clonecoin pumpers might tell you otherwise, though.   ETH is transitioning to proof of stake for a reason.

We say a big dump because people sold the news, after the activation a lot of people expected this to happen, now it's a long term game to see what's going to happen. Good news will keep going up and we are going to see a price of 0.02+ in the next months as a new floor.

For now... maybe big dips can happen, good buy points coming.

I appreciate your comments on NEM. Great run so far but I'll always have a problem with coins mostly owned by developers and friends. This is an unfair distribution model and I find the POI concept completely crazy.

I prefer to stick to classic POW coins like BTC, LTC, MONA but I may be wrong.
Let's talk again in 2 years!

I dont only think, but now can surely know that LTC at $48 in 2013 was a huge hyped pump. Value of LTC at that time was way lover then $48. Market corrected that latter on.

TBH i only bought LTC because i knew there would be a pump. I exited at 33$. It might go to 40$ with more LN hype and such, but might aswell go to 25$ range. Plus the miners are selling everything because now with the price increase from 4$ to 30+ in a few months is making them alot of profit, so with the news being over and the pressure going, it will most likely drop.

Yeah I think it will drop because the hype is over and people sold on the news. now it will drop and it's over.

We will likely see the price retreat from now on, but I think a lot of investors will be willing to hold until Litecoin gets some progress regarding Lightning Network.

I hope it does not drop too far but I would hope that it will stay at least over 20 USD per LTC. I would be shocked to see it go down to pre 20 USD levels and it would be unwise to dump LTC so far down. I only have 10 LTC but I prefer to hold them for long term growth.

SegWit on litecoin goes well. next step: SegWit on BTC

When Bitcoin goes down, Litecoin will rise

I hope it dumps so I can buy some cheap  :)

"... the first Lightning payment on Litecoin, sending a microscopic payment not normally possible or economic on a blockchain, fully settled in a fraction of a second."

https://www.blockstream.com/2017/05/11/lightning-on-litecoin.html

Looking forward to this being fully integrated into LTC wallets.

LTC should apply for ETF. What exactly is a microscopic payment? Is that like a payment to buy a cup of coffee?

YES ME TOO BRO

It seems to have found a nice bottom. Better hurry before the bounce lololo

Have to agree that using the word microscopic for a payment seems a little odd. Yes, since you can send a small payment (or larger) in a fraction of a second  you could buy a cup of coffee.

ETF? Lets leave that to the folks pumping ETH right now, I've been occasionally looking at the SEC website for the rejection notice.

a great way to waste a few million dollars in legal fees when it's obvious it's gonna be a no.