|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:||Sunday, September 22, 2019 5:57:04PM UTC|
|Current price, USD:||72.100|
|Current price, BTC:||0.0071861|
|Market capitalization, USD:||4 564 872 445|
|Available supply:||63 312 642 LTC|
|Volume 24 hours, USD:||2 477 744 108|
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, $|
|Sep 13||69.152||68.058||69.521||4 363 445 199|
|Sep 14||68.683||68.614||71.001||4 464 910 021|
|Sep 15||71.045||70.035||71.045||4 448 378 327|
|Sep 16||71.434||70.207||72.653||4 591 727 205|
|Sep 17||72.532||72.509||76.637||4 696 563 797|
|Sep 18||74.724||74.724||79.422||4 934 275 012|
|Sep 19||77.064||73.57||77.133||4 877 292 702|
|Sep 20||76.119||74.321||76.119||4 762 242 274|
|Sep 21||74.981||73.146||75.184||4 654 112 106|
|Sep 22||73.120||72.014||73.12||4 564 872 445|
|LTC price change 24 hours||-1.57%|
|LTC price change 7 days||2.53%|
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 has just passed the halving. We already witnessed the first LTC halving. Back then, the price took some time to consolidate and then simply exploded to $300+. It is my firm belief that history will repeat itself. Watch out for $200 per LTC by the end of the year.
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, but it may be due to its use as a BTC hedge. The last time we saw this much interest in LTC, it rose from $20 to over $300. It will be interesting where this current trend lands LTC. For those that bought in at its 2018 lows, they’re enjoying well over 2x valuation, which has significantly outperformed both BTC and ETH.
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 heavily vested in LTC. This coin is basically BTC-lite and it’s transaction speeds are super fast. They’re nearly triple that of BCH and BTC, making it the more viable option as a day-to-day spendable currency. It’s crazy that people thing that BTC will ever used as a day to day transaction currency since its so slow. No one in the financial market would ever look at it as a replacement of their traditional system. There’s just no way. LTC on the other hand is the better alternative.
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 becomes more robust BTC will power right past LTC in terms of transaction speed. I'm not a maximalist or anything, I just don't see the relevance of LTC anymore.
Litecoin has been one of the best performs beside BNB coin. This week it's already grown 25%. This shows that the high value coins are in demand and we are more than likely to see a bull run of top coins like BTC and ETH. Once this happens, the majority of profits from these big caps will flow into the top 3 coins. Once this happens we will see a repeat of 2017 and early 2018.
We publish the most accurate Litecoin Forecasts and News including crypto industry experts' opinion on a daily basis
Crypto lending platforms are growing in number as the asset class becomes more popular around the world. Many leading crypto firms have created lending programs...
Slowly but steadily, the cryptocurrencies are paving the way to global adoption with Litecoin, the so-called "Digital Silver", being probably...
The main cryptocurrencies at the time moved to growth, despite the fact that the market is still strong downward. Positive for digital assets has become a number of...
Despite the fact that blockchain and its integral component - cryptocurrencies, silenced many skeptics and obtained a substantial trust from institutional investors...
The rates of the main cryptocurrencies dropped sharply as part of the correction to a fairly significant increase in the previous days. Against the backdrop of a large-scale...
The main cryptocurrencies are rising in price against the background of reports that one of the largest US banks JPMorgan Chase is going to release its own cryptocurrency. Against the background...
Major cryptocurrencies are going on to fall, despite a range of positive news for some digital assets. So, in particular, several favorable messages have entered the market for Litecoin...
Cryptocurrency trading, or more briefly crypto trading, is simply the exchange of cryptocurrencies. Just like in Forex, you can buy and sell one cryptocurrency for a fiat...