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Litecoin($LTC)
$97.55
Low $97.83
High $102.11
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.
Influencers
742,706 followers
Twitter Mentions
117 mentions
57 mentions
15 mentions
14 mentions
11 mentions
4 mentions
3 mentions
3 mentions
2 mentions
2 mentions
1 mentions
1 mentions
1 mentions
1 mentions
CoinScouts Grade
Market Statistics
Volume
$700,911,797.00
Market Cap
$7,027,361,195.00
Fully Diluted
$8,194,200,000.00
Market cap Value
9.97 %
Circulating Supply
72,235,371
Max Supply
84,000,000
Total Supply
84,000,000
% of Max Supply
85.99%Self Reporting
Self-Reporting Dashboard (SRD)
Statistics
Litecoin Statistics
Name
LitecoinTicker
LTCPrice
$97.5524 Hour Trading Volume
$700,911,797.0024 Hour Volume Change
69.41%Market cap
$7,027,361,195.0024 Hour Market Cap Change
0.38%Fully Diluted Market Cap
$8,194,200,000.00Price change 24 hour
5.85%Price change 7 days
0.38%Price change 14 days
15.62%Price change 30 days
24.89%All Time Low/High
$1.15 | $410.26Percentage Change Since All Time High
-75.79%Percentage Change Since All Time Low
8,544.90%Market cap rank
#16Volume / Market Cap
0.09974Issuance Blockchain
LitecoinCirculating Supply
72,235,371 (85.99%)Max Supply
84,000,000Total Supply
84,000,00024h Volatility
$4.61Twitter Followers
212,022Telegram Users
0Reddit Subscribers
356,234Github subs
508Github issues
506Litecoin Markets
Upcoming Litecoin Events
Litecoin - Block Halving
Aug 5, 2023, 12:00:00 AM
"Litecoin reward halving for miners will decrease from 12.5 to 6.25 litecoin.
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Litecoin News
![Article image Examining Litecoin's [LTC] chances of reaching $130 after bullish breakout](https://crypto.snapi.dev/images/v1/m/t/pp-1-ltc-cover-e1675832048444-261271.jpg)
Examining Litecoin's [LTC] chances of reaching $130 after bullish breakout
Bitcoin [BTC] saw a small move upward from $22.8k to $23.2k. The Federal Reserve Chair Jerome Powell said 2023 could see a decline in inflation, although it could be a process that takes “quite a bit of time....Read full story
y AMBCrypto
Last updated 7 hours ago
Bullish
Is a Partnership With Mastercard Enough to Keep Litecoin Price Above $100?
Litecoin's (LTC) future trend can be determined by whether it breaks out above $108....Read full story
y BeInCrypto
Last updated 7 hours ago
Neutral
Examining Litecoin's [LTC] chances of reaching $130 after bullish breakout
Bitcoin [BTC] saw a small move upward from $22.8k to $23.2k. The Federal Reserve Chair Jerome Powell said 2023 could see a decline in inflation, although it could be a process that takes “quite a bit of time.... Read full story
By AMBCrypto | Last updated 7 hours ago |
Bullish
Is a Partnership With Mastercard Enough to Keep Litecoin Price Above $100?
Litecoin's (LTC) future trend can be determined by whether it breaks out above $108.... Read full story
By BeInCrypto | Last updated 7 hours ago |
Neutral
Trader Who Called Exact Bitcoin Bottom Updates Outlook on BTC, Reveals Monster Price Target for Litecoin (LTC)
A crypto analyst who bought Bitcoin at the bottom in November is updating his outlook on the path ahead for the leading cryptocurrency. The pseudonymous analyst, whose alter ego is DonAlt, tells his 459,000 Twi... Read full story
By The Daily Hodl | Last updated 1 day ago |
Bullish
Biggest Movers: GRT Hits Highest Point in 9 Months, LTC Snaps Losing Streak
The graph token surged by over 35% so far on Tuesday, as markets continued to be buoyed by the growth of its ecosystem. Since allowing integrations to new blockchains, prices of the indexing protocol's native t... Read full story
By Bitcoin | Last updated 1 day ago |
Neutral
Litecoin Tests The High Of $102 Again And Reaches The Overbought Region
The Litecoin (LTC) price has been gradually rising since its peak of $102 on February 1. Before the price continued to rise, the cryptocurrency asset experienced a brief correction.... Read full story
By Coin Idol | Last updated 1 day ago |
Bullish