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Litecoin Prices Hold Steady Near $50 as Bitcoin Locks In SegWit
Litecoin continues to hover near all-time highs – a move that suggests it could be developing staying power in a diversified crypto market.
By Pete Rizzo
Updated Sep 13, 2021, 6:48 a.m. Published Aug 9, 2017, 1:30 p.m.
The price of litecoin continues to hover near all-time highs, even as the technical advances that sparked its revival are being added to other platforms.
Just a day after miners on the bitcoin protocol effectively agreed to upgrade their software to support a code change called Segregated Witness (SegWit), litecoin is trading at roughly $48, according to data from CoinMarketCap. The relative stability is notable given litecoin's price boomed on the news it would adopt the change, one originally designed to redefine and increase capacity on bitcoin.
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Since litecoin's miners reached an agreement to make the upgrade on April 11, the price of the cryptocurrency has increased more than 300%, rising from $11 at the time to $48 now. That price is just shy of its all-time high of $53 observed in July.
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The cryptocurrency's year-over-year gain is more impressive at over 1,000%. Litecoin was trading at just $3.79 on August 8, 2016 – a time when the protocol was struggling to determine its roadmap amidst an increasing array of competitors.
Overall, the figures suggest that litecoin, armed with new additions to its technical team, could now be developing improved staying power in its competitive market.
Litecoin image via Shutterstock
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Exchange Review - March 2025
CoinDesk Data's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.
What to know:
Trading activity softened in March as market uncertainty grew amid escalating tariff tensions between the U.S. and global trading partners. Centralized exchanges recorded their lowest combined trading volume since October, declining 6.24% to $6.79tn. This marked the third consecutive monthly decline across both market segments, with spot trading volume falling 14.1% to $1.98tn and derivatives trading slipping 2.56% to $4.81tn.
- Trading Volumes Decline for Third Consecutive Month: Combined spot and derivatives trading volume on centralized exchanges fell by 6.24% to $6.79tn in March 2025, reaching the lowest level since October. Both spot and derivatives markets recorded their third consecutive monthly decline, falling 14.1% and 2.56% to $1.98tn and $4.81tn respectively.
- Institutional Crypto Trading Volume on CME Falls 23.5%: In March, total derivatives trading volume on the CME exchange fell by 23.5% to $175bn, the lowest monthly volume since October 2024. CME's market share among derivatives exchanges dropped from 4.63% to 3.64%, suggesting declining institutional interest amid current macroeconomic conditions.
- Bybit Spot Market Share Slides in March: Spot trading volume on Bybit fell by 52.1% to $81.1bn in March, coinciding with decreased trading activity following the hack of the exchange's cold wallets in February. Bybit's spot market share dropped from 7.35% to 4.10%, its lowest since July 2023.
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Dek: This article is created to test tags being added to image overlays
What to know:
- Ethena's USDe becomes fifth stablecoin to surpass $10 billion market cap in just 609 days, while Tether's dominance continues to slip.
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