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Litecoin ($LTC) |
|
Low $50.41 High $55.45
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
$536,892,999.00 |
|
Market Cap
$3,628,332,273.00 |
|
Fully Diluted
$4,319,280,000.00 |
|
Volume to Market Cap Value
14.80 % |
|
Circulating Supply
70,625,483 |
|
Max Supply
84,000,000 |
|
Total Supply
84,000,000 |
|
% of Max Supply
(84.08%) |
Price history
Litecoin markets
| Exchange | Trading pair | Action | Volume | Trust |
|---|---|---|---|---|
Binance
|
LTC/USDT | Buy | $30,321,187.00 | |
|
Binance
|
LTC/BTC | Buy | $7,986,533.00 | |
|
Binance
|
LTC/BUSD | Buy | $8,257,791.00 | |
|
Binance
|
LTC/ETH | Buy | $819,399.00 | |
|
Binance
|
LTC/USDC | Buy | $605,339.00 |
Similar projects
News
Litecoin price analysis: LTC/USD spikes high as bullish momentum inflates to $51.11
Litecoin price analysis reveals that the LTC/USD prices have spiked high as the bullish momentum continues to inflate. The current market trend is very strong and there is a possibility that the prices might te... Read full story
By Cryptopolitan | Last updated 13 hours ago |
The Most Trustworthy Cryptos to Buy Xchange Monster (MXCH), Solana (SOL) and Litecoin (LTC)
Crypto is developing and has been gaining more and more popularity since the launch of Bitcoin back in 2008. New crypto and projects are being introduced to the market frequently, and the mass adoption of crypt... Read full story
By Cryptopolitan | Last updated 20 hours ago |
Litecoin price analysis: LTC/USD spikes high as bullish momentum inflates to $51.11
Litecoin price analysis reveals that the LTC/USD prices have spiked high as the bullish momentum continues to inflate. The current market trend is very strong and there is a possibility that the prices might te... Read full story
By Cryptopolitan | Last updated 13 hours ago |
The Most Trustworthy Cryptos to Buy Xchange Monster (MXCH), Solana (SOL) and Litecoin (LTC)
Crypto is developing and has been gaining more and more popularity since the launch of Bitcoin back in 2008. New crypto and projects are being introduced to the market frequently, and the mass adoption of crypt... Read full story
By Cryptopolitan | Last updated 20 hours ago |
MoonXBT adds new USD spot markets in DAI, ADA, AVAX, LTC, FTT, LINK, and FTM
MoonXBT, a crypto derivatives & social trading platform, has now announced it has successfully launched new spot trading pairs in the following markets: DAI/USDT, ADA/USDT, AVAX/USDT, LTC/USDT, FTT/USDT, LINK/U... Read full story
By CryptoNinjas | Last updated 1 day ago |
Litecoin (LTC) Returns to $50 After Rejection From Resistance
Litecoin (LTC) is at risk of breaking down from a short-term consolidation pattern, something which could take it towards its June lows at $43. The post Litecoin (LTC) Returns to $50 After Rejection From Resist... Read full story
By BeInCrypto | Last updated 1 day ago |
Litecoin (LTC) Price Analysis: Bulls Eye Upside Break Above $60
Litecoin formed a base above $45 before starting an upside correction against the US Dollar. LTC price is now trading below $55 and the 55 simple moving average (4-hours).... Read full story
By LiveBitcoinNews | Last updated 2 days ago |
Litecoin Statistics
|
Name
Litecoin |
|
Ticker
LTC |
|
Price
$51.42 |
|
24 Hour Trading Volume
$536,892,999.00 |
|
24 Hour Volume Change
-4.39% |
|
Market cap
$3,628,332,273.00 |
|
24 Hour Market Cap Change
-1.15% |
|
Fully Diluted Market Cap
$4,319,280,000.00 |
|
Price change 24 hour
-3.73% |
|
Price change 7 days
-4.15% |
|
Price change 14 days
6.78% |
|
Price change 30 days
-18.70% |
|
All Time Low/High
$1.15 | $410.26 |
|
Percentage Change Since All Time High
-87.42% |
|
Percentage Change Since All Time Low
4,393.39% |
|
Market cap rank
#20 |
|
Volume / Market Cap
0.14797 |
|
Issuance Blockchain
Litecoin |
|
Circulating Supply
70,625,483 (84.08%) |
|
Max Supply
84,000,000 |
|
Total Supply
84,000,000 |
|
24h Volatility
$25.51 |
|
24h Volatility %
122.62% |
|
Twitter Followers
210,841 |
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Telegram Users
0 |
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Reddit Subscribers
358,289 |
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Github subs
518 |
|
Github issues
489 |
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.