The upcoming activation of Segregated Witness may be the reason for the continued surge in Litecoin prices

Golden Finance News - According to investigations, the activation of Segregated Witness in the Litecoin network seems to have become a fact, and the price of this third-largest competitor currency continues to soar.

The price of Litecoin has reached a high of $15 in the past 24 hours. Image source: Golden Finance

The latest research shows that according to data from CoinMarketCap, the price of Litecoin has reached a high of $15 in the past 24 hours - creating a new high in recent years.

In the past few weeks, the price of Litecoin exceeded $10, which was the first time the price reached a new high since 2014.

——As of press time, the price of Litecoin is $14.76. There is even news on Twitter that the trading price of Litecoin was once close to $17, and this tweet was also retweeted by its founder Charlie Lee to celebrate.

The Litecoin community has been sending positive signals since Friday, when several Bitcoin companies agreed to activate Segregated Witness on the Litecoin network, supporting the wishes of the community at large.

As of press time, the price of Litecoin is $14.76 Image source: Golden Finance

Lee was referring to the Litecoin Global Roundtable meeting in Beijing, which included Bitmain, a company that was a supporter of SegWit.

There are even rumors on social media that Segregated Witness has been successfully deployed. Once this technology is publicly released, some netizens believe that both the price of Litecoin and its future development trend will be very good.

In contrast, before SegWit was put on the table, Litecoin was trading at less than $4 for a long time.

In 2013, the price of Bitcoin hit a new high, and at the same time, Litecoin also broke through the $50 mark.