I have been considering a position in LTC now that it is correcting.
My question is: How can segwit activate there? like what is the state of the mining pools in LTC? we must look at what the big mining whales in LTC are going to do with segwit signaling because as of now, it's only 22%:
http://litecoinblockhalf.com/segwit.phpThe good news is, it only takes 75% compared to 95% in BTC, but why is it stuck at 22%? and what are the realistic prospects of this changing anytime soon?
Pools are being lazy, but the other reason could be that whales need time to accumulate positions. Once they have them, flip the switch f2pool...
Because miners have much more to gain by activating it than on Bitcoin, because they will see a huge spike in the value of the tokens they are mining and the supply of Scrypt ASICs can't keep up (with the fast rising price in order to raise the difficulty), so those existing miners will make so much money! Thus they don't have the sunk costs dilemma that is creating the stalemate in Bitcoin.