Litecoin (LTC): Price, Charts and Market Cap

Litecoin Litecoin website
Symbol LTC
Nature Coin
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
Discussion https://litecoin.org/
Last updated: Sunday, November 29, 2020 7:00:03PM UTC
Crypto Volatility Index (CVIX): 86
Current price, USD: 78.59
Market capitalization, USD: 5 185 187 793
Available supply: 65 976 802 LTC
Volume 24 hours, USD: 5 220 931 780
Mineable Yes

Litecoin general information

General LTC facts, technical details and general information about Litecoin crypto currency


Cryptocurrency, created by former employee of Google Charles Li, is already accepted by companies in the field of electronics, clothing, games and advertising. The main characteristic of the Litecoin network is its ability to process a higher transaction volume compared to its counterpart, bitcoin. Another advantage is a large pool of coins: it is planned that in the course of history about 84 million litecoins will be created, which is four times the number of coins in bitcoin blockchain. Theoretically, this should allow Litecoin not to turn into an overly accessible currency, which could lead to its devaluation, but also protect it from becoming too complex to generate, and therefore potentially too expensive. How this strategy will work in the long term, we still have to see, but the current price of around $ 50 per coin indicates good prospects for the 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. 

Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.

Find support across a growing number of Litecoin communities:

  • Litecoin Forums
  • Litecoin Telegram
  • Reddit Litecoin
  • Search for Users on Twitter
  • IRC FreeNode network channels #litecoin (for general users) and #litecoin-dev (for developers).
  • Find general information as well as a list of services and exchanges that support Litecoin at the Litecoin Wiki.
  • Up-to-date network statistics can be found at Litecoin Block Explorer Charts.
  • Source code for Litecoin Core and related projects are available on GitHub.

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.

Blockchain

  • 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.
  • Wallet encryption allows you to secure your wallet, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins.
  • This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.
  • 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.

Historical data for Litecoin

We list daily Litecoin historical data for the past 10 days

Date Open, $ Min, $ Max, $ Market cap, $
Nov 20 81.40 80.51 85.10 5 417 909 635
Nov 21 82.58 80.89 86.35 5 622 660 567
Nov 22 86.78 80.24 86.78 5 634 090 801
Nov 23 82.71 82.19 90.12 5 840 972 528
Nov 24 89.04 87.68 93.38 5 828 225 502
Nov 25 89.11 82.51 89.49 5 441 670 518
Nov 26 82.34 66.90 82.59 4 673 281 700
Nov 27 70.73 66.59 72.73 4 531 153 698
Nov 28 69.05 68.97 74.10 4 842 848 496
Nov 29 72.65 72.14 78.59 5 185 187 793

LTC/USD Exchange Rates


LTC to USD price chart — 7 days

LTC to USD price chart — 30 days

LTC to USD price chart — 60 days

LTC to USD price chart — 6 months

Litecoin

Litecoin (LTC) price change (24h)

LTC price change 24 hours 7.49%
LTC price change 7 days -6.07%

Litecoin (LTC) Short Term Forecast

After Price Change
1 day $70.40 -10.42%
1 week
1 month
6 months
1 year
Litecoin Price Prediction

Litecoin Comments & Reviews

Recently, a virtual debit card Visa with native support for Litecoin was launched, its issuer was BlockCard....

LA Finest   August 17, 2020   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   May 7, 2020   LTC


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


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


Litecoin Reviews

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Rating

Litecoin News & Forecasts

We publish the most accurate Litecoin Forecasts and News including crypto industry experts' opinion on a daily basis