LTC made its way to 0.016300000 a couple minutes ago due to the announcement. It retraced to 0.0128 and now seems to go back up . Any thoughts on the implications of segwit activation besides the price jump ? Thoughts on the new ATH ?
Litecoin is a legit coin so with the developer working on that coin and moving from coinbase to that the price of LTC will go up in the longrun. The only thing that people need to really watch out for is the price of Bitcoin to the USD because that could cause the investment to have a much lower BTC price compared to what they got it for.
Since most Bitcoin exchanges have Litecoin tied to USD then the price of Litecoin for another government currency shouldn’t be that much of an issue if those long term investors decide to cash their money out.