Litecoin price retraces over SegWit uncertainty
The price of Litecoin has dipped by 12% to $10.70 as miners tinkered with their support of the network update Segregated Witness (SegWit). The value of Litecoin had tripled in a few weeks on the back of its merger with SegWit. Some observers believe Litecoin has a ceiling of about $12.
Litecoin fell some 12% overnight, down to $10.70 from $12.80, as segwit’s hashrate suddenly fell to around 63% over the past 24 hours, suggesting that its activation in this block period is very unlikely.

Overall, uncertainty regarding segwit’s activation has increased, with litecoin’s hashrate seeing a considerable jump yesterday, suggesting new hardware has been turned on, bringing segwit’s hashrate-share down.