A last minute segwit deal between the Litecoin creator and miners lead to a surge in LTC prices. Bitcoin did okay too, up by $31 dollars or 2.5 percent since last Tuesday.
Litecoin Surges on Segwit Deal
The Litecoin creator Charlie Lee and holdout miners reached a compromise deal on April 22nd. According to the circulated announcement, the miners will signal segwit in exchange for a ‘bigger blocks’ solution. The bigger blocks fix will happen when they are over 50% full, which is probably many years in the future. Most LTC blocks are currently well below the 1 MB maximum. Read more: https://blog.fxopen.com/litecoin-surges-on-segwit-deal/