|Brief||Litecoin is often referred to as 'Bitcoin-Lite', or 'silver' to Bitcoin's gold. It's indeed a Bitcoin fork, but though they share the same blockchain|
|Last updated:||Monday, January 27, 2020 10:58:05AM UTC|
|Current price, USD:||56.318|
|Current price, BTC:||0.0065165|
|Market capitalization, USD:||3 601 420 766|
|Available supply:||63 948 086 LTC|
|Volume 24 hours, USD:||3 393 908 312|
General LTC facts, technical details and general information about Litecoin crypto currency
Litecoin is often referred to as “Bitcoin-Lite”, or “silver” to Bitcoin’s gold. It’s indeed a Bitcoin fork, but though they share the same blockchain, the differences between the two cryptocurrencies are many. Firstly, they rely on different algorithms, and because of a less complex one Litecoin mining is perceived as more accessible for everyday user. Secondly, though the transactions in both chains occur simultaneously, their confirmation time is different: it takes around 9 minutes for Bitcoin’s long-term average transaction to be confirmed vs. 2,5 minutes for a Litecoin one, and such speed gives Litecoin a competitive advantage. After the SegWit protocol implementation in April 2017, the price of Litecoin has grown steadily from $10 to more than $300 in December, making it one the fastest growing cryptocurrencies this year. Litecoin was also a beneficiary of the bitcoin rally – on certain days it enjoyed 20% or event 30% price increases. Thanks to its transaction speed Litecoin is positioned by its founder, Charlee Lee, as a cryptocurrency for everyday payments vs. bitcoin which is better as a long-term store of value.
We list daily Litecoin historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Jan 18||61.834||59.286||61.834||3 797 861 153|
|Jan 19||59.878||56.402||61.1||3 688 812 467|
|Jan 20||57.259||56.512||57.969||3 657 016 319|
|Jan 21||57.254||56.387||57.826||3 687 237 798|
|Jan 22||57.600||57.334||58.421||3 723 824 008|
|Jan 23||58.024||53.571||58.024||3 492 096 602|
|Jan 24||54.283||51.486||55.308||3 486 182 447|
|Jan 25||53.086||52.98||54.262||3 437 254 145|
|Jan 26||53.524||53.487||56.357||3 598 509 684|
|Jan 27||56.662||56.283||56.833||3 601 420 766|
|LTC price change 24 hours||2.95%|
|LTC price change 7 days||-1.46%|
I got caught up in the greed trap when trading Litecoin this summer. I had bought a batch of LTC back in May when the price was at around $60 - $70. As we all remember, the crypto market went on a nice bull run, which lasted for about three months,...
Stanley_C October 15, 2019 LTC
Litecoin has been my second favorite cryptocurrency, after Bitcoin of course, for quite a long time. It has great fundamentals; Litecoin Foundation landed some sweet sponsorship and partner deals this year with various sports organizations, and it...
CryptoDude September 10, 2019 LTC
LTC is always perched in an uncertain position. It may be because crypto enthusiasts are unsure if LTC has lasting power in the crypto market, but it either gets weak support or strong buying action. Lately it’s been enjoying strong buying action,...
Phil0$of August 26, 2019 LTC
Litcoin has been the best performer in the whole crypto market. It’s insane how much money you could have made by buying the bottom. You could literally already be over 3x from its bottom about 4 months ago. How can anyone that knows crypto not be...
Kyle April 14, 2019 LTC
I still don't understand how Litecoin is so high on the CMC rankings. LTC is just a smaller version of BTC, and BTC is already the best crypto out there. Why is it that LTC still holds so much value? It's a bit faster but as lightning network...
Lee March 25, 2019 LTC
|Price, USD||24h||7 days|
We publish the most accurate Litecoin Forecasts and News including crypto industry experts' opinion on a daily basis