Litecoin current price is $51.66.

Litecoin current price is $51.66.

Litecoin current price is $51.66 with a marketcap of $3.64 B. Its price is -1.24% down in last 24 hours.

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  • litecoin
    Litecoin (LTC)
  • Live Price
  • 24h %
  • Market Cap
    $3.64 B
  • Volume
    $488.46 M
  • Available Supply
    70.61 M LTC
  • Rank

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More Info About Coin

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.Why Litecoin?Litecoin is a cryptocurrency that has evolved from Bitcoin after its own popularity in the industry, this alternative, or ‘altcoin’ has emerged to allow investors to diversify their digital currency package, according to Investopedia. Litecoin is one of the most prominent altcoins and was created by former Google employee and Director of Engineering at Coinbase, Charlie Lee. Litecoin was the first to alter Bitcoin and the most significant difference is that it takes 2.5 minutes for Litecoin to generate a block, or transaction, in comparison to Bitcoin's 10 minutes.‘While this matters little to traders, miners who use hardware to run Bitcoin's network cannot switch over to Litecoin. This keeps bigger mining conglomerates away from Litecoin because they cannot easily optimize their profits by swapping to another coin, contributing to a more decentralized experience. Litecoin also has bigger blocks, and more coins in circulation, making it more affordable and swift when transacting,’ Investopedia explained.As explained above, Litecoin can transact a lot faster than Bitcoin, but there are also a number of other characteristics that investors need to know before trading. Litecoin can handle higher volumes of transactions because of the capability of transacting faster and if Bitcoin attempted to transact on the scale of its altcoin, a code update would be needed. However, Litecoin’s blocks would be larger, but with more ‘orphaned blocks'. The faster block time of litecoin reduces the risk of double spending attacks - this is theoretical in the case of both networks having the same hashing power.Litecoin Technical Details:The transaction confirmation time taken for Litecoin is about 2.5 minutes on average (as compared to Bitcoin's 10 minutes). The Litecoin network is scheduled to cap at 84 million currency units.Litecoin has inspired many other popular alternative currencies (eg. Dogecoin) because of its Scrypt hashing algorithm in order to prevent ASIC miners from mining those coins. However it is said that by the end of this year, Scrypt ASIC will enter the mass market.

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Twitter News Feed

All aboard the @LTCUnderground 🚇 weekly Twitter Spaces tonight at 10pm EST / 7pm PST / 11am SGT

#Litecoin ⚡

Set a Reminder:

Litecoin is designed as a deflationary currency. After every 840,000 blocks are mined (approximately every 4 years), the block reward halves.

We have 400 days till the next halving..

LTC Labs, a collaboration with @AntPoolofficial and the
@LTCFoundation explores new paths to support and expand the LTC Ecosystem! #Litecoin ⚡

The Litecoin network just processed it's 120 millionth transaction!

Completing 20 million this year to date. A clear sign the use of #Litecoin is growing! #wednesdaymotivation

I always worked in the 💳 payments industry, I chose to work with #Litecoin for a reason. We are so early in the adoption cycle as none of the problems in the traditional monetary & payment system have been fixed. $LTC is a better form of $$$, and a better form of payment.

We are honored to announce @Ecurrencyhodler from @CasaHODL will be a speaker at the upcoming #LitecoinSummit2022 in Las Vegas!!!

To attend and learn more go to: #Litecoin

We are thrilled to announce @DaddyCool1991 CEO of @gethedgecrypto will be a speaker at the upcoming #LitecoinSummit2022 in Las Vegas!!!

To attend and learn more go to: #Litecoin

We are excited to announce Winston Justice from @BernsteinPWM will be a speaker at the upcoming #LitecoinSummit2022 in Las Vegas!!!

To attend and learn more go to: #Litecoin #NFL

#Litecoin Esports x @PlayApex

⚔️ @dannyysmh
⚔️ @MaskedSZN
⚔️ @voiidxi

Where Esports and Crypto Come Together!!

#GameWithLitecoin | #ApexLegends

We are excited to announce @AlangAustin Managing Director, Litecoin Foundation will be a speaker at the upcoming #LitecoinSummit2022 in Las Vegas!!!

To attend and learn more go to: #Litecoin

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