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Litecoin ($LTC) |
|
Low $51.77 High $53.08
What is Litecoin
Charlie Lee invented Litecoin, a decentralized peer-to-peer cryptocurrency. Coins/Bitcoins were used in the creation of this based on the a href="http://www.coingecko.com/en"> However, the hashing algorithm used by the Bitcoin protocol diff...
Charlie Lee invented Litecoin, a decentralized peer-to-peer cryptocurrency. Coins/Bitcoins were used in the creation of this based on the a href="http://www.coingecko.com/en"> However, the hashing algorithm used by the Bitcoin protocol differs. Scrypt is Litecoin's proof-of-work algorithm, and it's memory intensive. Scrypt enables the mining of cryptocurrency using low-cost graphics processing units (GPUs). What's so special about Litecoin? To allow investors to broaden their portfolios and diversify their digital currency holdings, Litecoin has emerged as an alternative to Bitcoin after the latter's widespread popularity in the industry. According to a recent report, Charlie Lee, former Google engineer and current Director of Engineering at cryptocurrency exchange Coinbase, created one of the most well-known altcoin, Litecoin. For the first time, Litecoin has altered Bitcoin. The most notable difference is that Litecoin generates a block, or transaction, in 2.5 minutes as opposed to Bitcoin's 10. While traders may not care, Bitcoin miners who use specialized hardware to power the network are unable to switch to Litecoin. Due to the difficulty in switching to another coin, larger mining conglomerates avoid Litecoin. This promotes a more decentralized experience. Investopedia explains that because Litecoin's blocks are bigger and there are more coins in circulation, it is more affordable and faster to transact with. Litecoin, as previously stated, has a much faster transaction time than Bitcoin, but there are a number of other characteristics to consider before making a trade. Because of its ability to transact more quickly, Litecoin can handle higher transaction volumes than Bitcoin, but doing so would necessitate a code update. There would be more "orphaned blocks" in Litecoin, but the blocks would be larger. Because litecoin's block time is faster, there's less chance of a double-spending attack, at least theoretically. Transaction confirmation time for Litecoin is about 2.5 minutes on average, compared to 10 minutes for Bitcoin. The total number of Litecoin currency units will be capped at 84 million at the end of the network's lifespan.
Team location
SingaporeTeam size
Year of genesis
2010Audit
Funds
Influencers
Market Statistics
|
Volume
$234,465,518.00 |
|
Market Cap
$3,753,408,464.00 |
|
Fully Diluted
$4,422,600,000.00 |
|
Volume to Market Cap Value
6.25 % |
|
Circulating Supply
71,302,983 |
|
Max Supply
84,000,000 |
|
Total Supply
84,000,000 |
|
% of Max Supply
(84.88%) |
Price history
Litecoin markets
| Exchange | Trading pair | Action | Volume | Trust |
|---|---|---|---|---|
Binance
|
LTC/USDT | Buy | $13,404,468.00 | |
|
Binance
|
LTC/BTC | Buy | $2,215,823.00 | |
|
Binance
|
LTC/BUSD | Buy | $3,177,590.00 | |
|
Binance
|
LTC/ETH | Buy | $211,503.00 | |
|
Binance
|
LTC/USDC | Buy | $182,275.00 |
Similar projects
News
Litecoin price analysis: LTC prices slip below $52.49 as market conditions turn bearish
Litecoin price analysis for today is bearish as the cryptocurrency has not been able to break out of the $53.71 resistance level. The bears are currently in control of the market and are looking to push prices ... Read full story
By Cryptopolitan | Last updated 1 day ago |
Cryptocurrency Experts Predict Flasko (FLSK) Will Surpass Ethereum Classic (ETC) and Litecoin (LTC) In 2023
The cryptocurrency industry's ecology is ever-changing. Innovation in the crypto industry keeps investors motivated to support cryptocurrencies. Over the past six months, two cryptocurrency initiatives, Ethereu... Read full story
By CoinPedia | Last updated 2 days ago |
Litecoin price analysis: LTC prices slip below $52.49 as market conditions turn bearish
Litecoin price analysis for today is bearish as the cryptocurrency has not been able to break out of the $53.71 resistance level. The bears are currently in control of the market and are looking to push prices ... Read full story
By Cryptopolitan | Last updated 1 day ago |
Cryptocurrency Experts Predict Flasko (FLSK) Will Surpass Ethereum Classic (ETC) and Litecoin (LTC) In 2023
The cryptocurrency industry's ecology is ever-changing. Innovation in the crypto industry keeps investors motivated to support cryptocurrencies. Over the past six months, two cryptocurrency initiatives, Ethereu... Read full story
By CoinPedia | Last updated 2 days ago |
Litecoin price analysis: LTC/USD stabilizes at $53.58 after a bearish period
Litecoin price analysis shows a bearish trend for today. The bears have taken over the price charts again and have reduced the price level to $53.58, as market sentiment is bearish towards LTC/USD.... Read full story
By Cryptopolitan | Last updated 2 days ago |
These Are the Top 5 Cryptos to Watch in October 2022
Be[In]Crypto looks at five altcoins that show promise for Oct. and the developments surrounding their respective projects. The post These Are the Top 5 Cryptos to Watch in October 2022 appeared first on BeInCry... Read full story
By BeInCrypto | Last updated 3 days ago |
Litecoin's key PoW metric has some tips for LTC's long-term holders
Litecoin [LTC] witnessed considerable growth on the price front over the last three months. The altcoin also showcased a positive move in the crypto mining space.... Read full story
By AMBCrypto | Last updated 3 days ago |
Litecoin Statistics
|
Name
Litecoin |
|
Ticker
LTC |
|
Price
$52.65 |
|
24 Hour Trading Volume
$234,465,518.00 |
|
24 Hour Volume Change
15.60% |
|
Market cap
$3,753,408,464.00 |
|
24 Hour Market Cap Change
-0.69% |
|
Fully Diluted Market Cap
$4,422,600,000.00 |
|
Price change 24 hour
-0.77% |
|
Price change 7 days
-1.16% |
|
Price change 14 days
-2.78% |
|
Price change 30 days
-14.30% |
|
All Time Low/High
$1.15 | $410.26 |
|
Percentage Change Since All Time High
-87.15% |
|
Percentage Change Since All Time Low
4,488.95% |
|
Market cap rank
#22 |
|
Volume / Market Cap
0.06247 |
|
Issuance Blockchain
Litecoin |
|
Circulating Supply
71,302,983 (84.88%) |
|
Max Supply
84,000,000 |
|
Total Supply
84,000,000 |
|
24h Volatility
$0.89 |
|
24h Volatility %
1.67% |
|
Twitter Followers
210,894 |
|
Telegram Users
0 |
|
Reddit Subscribers
358,281 |
|
Github subs
518 |
|
Github issues
490 |
Upcoming Events
Litecoin - Litecoin Summit 2022
Oct 21, 2022, 12:00:00 AM
Litecoin Summit 2022 in Las Vegas from October 21st to 22nd.
Litecoin - Litecoin Summit 2022
Oct 21, 2022, 12:00:00 AM
Litecoin Summit 2022 in Las Vegas from October 21st to 22nd.
Litecoin - Block Halving
Aug 5, 2023, 12:00:00 AM
"Litecoin reward halving for miners will decrease from 12.5 to 6.25 litecoin.