The post Litecoin May Soon Wake Up With Magnificient Upswing, These Catalyst May Fuel The LTC Price Rally! appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
Litecoin which once trended within the top 10 cryptocurrency list has slid beyond the top 20, mainly due to the reduced network activity and trader’s interest. Recently Litecoin completed 10 glorious years in the crypto space and the founder shared his decade of experience in a series of tweets. However, the development activity on Litecoin appeared to be pretty slow and hence may just jumped-off to other assets, despite LTC being one of the most primitive assets.
However, in a recent upgrade, the possibility of the LTC price gaining a significant bullish momentum emerges as the network is all set to roll out multiple upgrades. Litecoin is set to receive two major upgrades in the coming weeks, Taproot and MWEB. As a result, litecoin may have an optional privacy feature that allows traders to hide the details of the transaction.
This may turn the tables for Litecoin as it may offer this feature as optional. And hence the chances of facing delisting issues like other privacy coins may also be fewer. Other than this, Litecoin is all set to work on Smart contracts, NFTs store of value(Omnilite Upgrade), and brand recognition.