HomeNewsLitecoin (LTC) Hints at a Major Protocol Update: Potential Price Impact Analysis

Litecoin (LTC) Hints at a Major Protocol Update: Potential Price Impact Analysis

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  • The Litecoin Core 0.21.3 update will incorporate PSBTs, improving security and efficiency in transactions and hardware wallets.
  • Despite its potential, community response to the Litecoin upgrade has been lukewarm, with no noticeable impact on its price.

Litecoin, is on the threshold of a substantial upgrade to its Core protocol, marking a significant step forward in its development. This next version, labeled 0.21.3, plans to integrate Partially Signed Bitcoin Transactions (PSBTs), an innovation that stands out for its usefulness in the domain of hardware wallets.

The adoption of PSBTs will facilitate a smoother process for signing and building transactions, allowing these devices to more efficiently handle pending transactions.

This change not only promises to improve the security and efficiency of Litecoin transactions, but also paves the way for the implementation of MimbleWimble Extension Block (MWEB) transaction components, extending the functionality of the network to support advanced privacy and security features.

However, despitethe magnitude and potential of this upgrade to bolster Litecoin’s infrastructure, the community response has been measured. The announcement has so far failed to generate excitement that will translate into an impact on Litecoin’s price.

In the last 24 hours, Litecoin has experienced an approximate 1.71% decrease in value, trading at $90 This market behavior comes in a context where other cryptocurrencies, including Bitcoin, have seen price movements, you can read about it here on ETHNews.

Beyond Litecoin, the cryptocurrency landscape is in a state of constant evolution, with several projects looking to capitalize on Bitcoin’s recent bullish momentum by implementing necessary upgrades .

As Litecoin prepares for an upgrade that could mark a milestone in its development, the community’s reaction and impact on the LTC price remain uncertain.


The current Litecoin (LTC) price is approximately 90.47 USD, up 1.60 USD or about 1.80%. Today, it has experienced a change of 1.80%. Over the last week, Litecoin has seen an increase of 25.67%, and in the last month, the price has risen by 31.50%

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Isai Alexei
Isai Alexei
As a content creator, Isai Alexei holds a degree in Marketing, providing a solid foundation for the exploration of technology and finance. Isai's journey into the crypto space began during academic years, where the transformative potential of blockchain technology was initially grasped. Intrigued, Isai delved deeper, ultimately making the inaugural cryptocurrency investment in Bitcoin. Witnessing the evolution of the crypto landscape has been both exciting and educational. Ethereum, with its smart contract capabilities, stands out as Isai's favorite, reflecting a genuine enthusiasm for cutting-edge web3 technologies. Business Email: [email protected] Phone: +49 160 92211628