Litecoin current price is $72.42.

Litecoin current price is $72.42.

Litecoin current price is $72.42 with a marketcap of $5.23 B. Its price is -6.54% down in last 24 hours.

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  • litecoin
    Litecoin (LTC)
  • Live Price
  • 24h %
  • Market Cap
    $5.23 B
  • Volume
    $727.05 M
  • Available Supply
    71.71 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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Connect with other Litecoiners and find new ideas on Reddit too.

#Litecoin subreddits:
- r/litecoin
- r/litecoinmarkets
- r/litecoinmining

#Crypto #Doge

In 2022, the average number of Active Addresses on the Litecoin network are ~5.5 Million per Month!!

Counted as the number of unique addresses that were active in the network either as a sender or receiver. Only addresses that were active in successful transactions are counted.

For @SatoshiLite, @MASTERBTCLTC, and other @litecoin fans.. earn up to 7% back in LTC by shopping at 100,000s of merchants across the US, in-store or online.

And for Black Friday through Cyber Monday, earn an extra 1% back. Try it out in @EdgeWallet today.

The next Litecoin Halving will be in 250 days!
⚡84,000,000 Max Supply
⚡2.5-minute block intervals
⚡Halving event every 4 years
⚡Become scarcer over time
⚡Decrease in supply, demand rises

Learn more: #LitecoinFACT #Litecoin

It’s Litecoin time at Coin Vigilante! ⚡️

Black Friday Seasons is here and all watches are on sale with up to 40% discount!

You can pay directly with Litecoin and join people in over 30 countries who represent sound money with style ⌚️

Litecoin ⚡️

Was the first coin to…
⚪️ SegWit
⚪️ Lightning Network transactions
⚪️ Atomic Swaps (shared title)

Looking back, Litecoin has been involved in a lot of notable developments over the past decade!

What am I missing?

What is a pre-mine? It's when the creator of a crypto mines it before releasing it to the public.

Pre-mines are not cool because the creator can have an overwhelming influence on the price leaving others at a loss. Litecoin didn't have a pre-mine. It was launched fairly.

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