Litecoin Rank 22
$88.391909
Litecoin Rank 22
Website Reddit Twitter
75,221,193 LTC

Litecoin
Litecoin
LTC

Litecoin Price
$ 88.39

Litecoin 24h Vol
$1,286,421,639

Litecoin Market Cap
$6,648,944,878

24h Vol
13,245 BTC
1 H
0.55 %
24 H
4.65 %
7 d
10.3 %
Today Litecoin price in US dollars is currently 88.39 USD, and if converted to Bitcoin is 0.00091008 BTC. A total of 75,221,193 LTC are currently circulating in the Market. Litecoin price is currently experiencing a change of 4.65 %, and check here all cryptocurrency. Over the past 24 hours 12.864 M US dollars Litecoin have been traded on Crypto Exchanges. Get Litecoin's progress by adding it to your favourites and creating a free portfolio.
Full Name
Litecoin
Symbol
LTC
Algorithm
Scrypt
BTC Price
0.00091008 BTC
BTC Market
68,458 BTC
BTC 24h Vol
13,245 BTC
Total Coins Mined
75,221,193 LTC
1h
0.55 %
24h
4.65 %
7d
10.3 %
Twitter
Facebook
Share Litecoin Price


Charts



Description

Description


Litecoin LTC - provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have - which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. Litecoin is in second spot to Bitcoin and has spawned numerous clones - however it has a solid base of support and dedicated development team.

The Litecoin project is currently maintained by a core group of 6 software developers, led by Charles Lee, with a large community that is growing in support.

In May 2017, Litecoin became the first of the Top 5 (By Market Cap) cryptocurrencies to implement the SegWit scaling solution. Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second.

Technology

Technology


- Faster transaction confirmations (2.5 minutes on average)

- Scrypt-based mining proof-of-work algorithm

- 84 million litecoins

- Higher transaction volume than Bitcoin

- MIT/X11 license

 

Features

Features


Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.

Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.

The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.


Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.