Litecoin
160.94 USD 
Crypto.co Exclusive: $10 Bonus when depositing $100 on BlockCard! Earn an unlimited 6.38% crypto back on every merchant purchase. What is Litecoin?
Litecoin (LTC) is a type of cryptocurrency created initially to serve as a lite version of Bitcoin. It was made based on Bitcoin's protocols, but it differs in its use of block transaction times, card cap, and several other factors. It's also considered different due to the hashing algorithm it utilizes and its prioritization of transactions' speed. While their confirmation speed is approximately 2.5 minutes per block, it can take up to half an hour for transactions to be fully processed due to congestion in the network.
Litecoin utilizes Scrypt and its intensive memory to allow consumer-grade hardware- like CPUs or GPU- to mine the coins. While it's no longer possible to mine for Bitcoin on Windows or Mac solo or through a pool, Litecoin can still be mined through these processes. It should be noted, however, that ASIC-based mining is not suitable for mining Litecoin. Initially, Litecoin gave block rewards of 50 Litecoin, but in 2015 this was halved to 25. Over time it will continue to halve until it reaches its hard cap of 84 million.
Litecoin is accepted by a large selection of merchants and is available for purchase at any exchange that supports it as a cryptocurrency, such as BiKi, EtherFlyer, IDCM, and many others. Litecoin can be stored in either a hot or cold wallet or on an exchange that will ensure its safekeeping. Litecoin is currently ranked #5 in the market by CoinMarketCap and has a historic ROI of 1,672.97%.
Former Google employee Charlie Lee created and released Litecoin back in 2011. It was first launched through an open-source client on GitHub and was quickly followed by the Litecoin Network going live five days later. Since its creation, Litecoin has successfully established itself as a cryptocurrency that works complementary to Bitcoin.
What are Litecoin Frequenty Asked Questions?
Where does Litecoin (LTC) rank among in terms of popularity? How relevant is it compared to competitors?
In terms of popularity, Litecoin currently ranks in position 16 out of the thousands of cryptocurrencies. It is also important to consider Litecoin‘s market cap – in general, the higher the market cap of a cryptocurrency, the more dominant it is considered to be in the market. Litecoin has a market cap of $ 10,747,045,225, which compares to Bitcoin (the most popular cryptocurrency by several metrics) with a market cap of $ 807,701,825,206, Litecoin at $ 10,747,045,225, Ethereum at $ 354,961,855,253, Tether at $ 69,735,942,428, and XRP at $ 44,107,541,809.
What is the price of Litecoin (LTC) today (updated in realtime)?
The current price of Litecoin is $ 160.91 in USD. (The price in Euros is 137,23 €; and the price in Bitcoin is Ƀ 0.00374500 BTC.)
What is Litecoin‘s (LTC) market supply?
The total available supply of Litecoin is 66,752,615 LTC. The total supply of Litecoin is 84,000,000 LTC.
What is the 24 hour volume for Litecoin (LTC)?
The 24 hour volume for Litecoin is $ 3,288,800,020.
How has Litecoin (LTC) performed recently?
Litecoin‘s price has decreased in the last 24 hours by -2.72%. This compares with a seven day change of -10.70%. The trading volume over the last 24 hours was $ 3,288,800,020. Trading volume indicates how many units of a currency are being bought and sold on specific exchanges. High trading volumes are likely to drive more on-chain activity, for example when people deposit and withdraw funds. It can be a good indicator of the general interest in the cryptocurrency.
What is Litecoin (LTC) official website?
Links to Litecoin‘s official website, social accounts, blockchain explorer, and Github repository if applicable.
Has Litecoin (LTC) performed well historically?
Here is a chart showing how Litecoin has performed historically.
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Where Can I Buy Litecoin (LTC)?
Here is a breakdown of the current market prices from top cryptocurrency exchanges.
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Charts & Market Data
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Litecoin News
- Here's why Bitcoin might be safe from a global stock market crisisCointelegraph.com News - 1 day agoBTC’s lack of integration with traditional finance and its inability to be forcefully sold to cover financial losses mean the price might not ‘collapse’ if…
- Ethereum killers or just pretenders? But Ether remains king for nowCointelegraph.com News - 1 day agoThe issue of high gas fees rears its head up for the Ethereum community yet again as “Ethereum killer” networks continue to gain more attention.…
- Cardano price dips after smart contract launch, Walmart working with Litecoin is fake news, Coinbase raises $2B from junk-bond sale: Hodler’s Digest, Sept. 12-18Cointelegraph.com News - 2 days agoComing every Saturday, Hodlers Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and…
- Bitcoin is great, but real crypto innovation has moved elsewhereCointelegraph.com News - 2 days agoBitcoin will always be the boss, but the real innovative and groundbreaking developments are happening in layer-2 solutions, DAOs, NFTs with utility and the emerging…
- 100 years ago, Henry Ford proposed ‘energy currency’ to replace goldCointelegraph.com News - 2 days agoBitcoin appears to meet the definition of an energy-backed currency proposed by the famed American inventor during the interbellum period. In 1921, American industrialist Henry…