|Litecoin (LTC)||Buy Litecoin Now|
|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|
|Change 7d||2.35%||Market Cap||$7 016 910 963|
|Available supply||72 212 828 LTC|
|Volume 24h||$398 407 813|
|Updated||Sunday, February 5, 2023 2:00:08PM UTC|
General LTC facts, technical details and Litecoin Cryptocurrency information
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 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.
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Jan 27||87.56||86.45||88.82||6 408 655 075|
|Jan 28||88.81||87.58||89.35||6 401 804 095|
|Jan 29||89.61||89.61||97.02||6 935 760 195|
|Jan 30||95.12||89.89||95.80||6 526 737 028|
|Jan 31||91.25||91.25||95.52||6 782 765 977|
|Feb 01||95.29||100.98||98.75||7 289 668 053|
|Feb 02||100.45||100.02||99.97||7 176 902 348|
|Feb 03||98.76||100.26||99.85||7 199 602 361|
|Feb 04||99.95||100.23||99.95||7 155 638 858|
|Feb 05||98.59||97.17||98.74||7 016 910 963|
* Crypto Rating accepts no liability for any errors in the Litecoin information, LTC Prices and LTC's Market Cap. For the most up-to-date prices please visit the Litecoin's official website.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||62.4%||76||$23 195.66||-1.29%||-1.50%||$447 262 989 624|
|2||ETH||Ethereum predictions||69.2%||57||$1 649.37||-2.09%||2.18%||$201 839 732 133|
|3||USDT||Tether predictions||91.2%||1||$1.000217||0.01%||0%||$68 079 422 781|
|4||BNB||Binance Coin predictions||79.6%||38||$328.36||-0.90%||4.32%||$51 848 565 385|
|5||USDC||USD Coin predictions||93.2%||1||$0.999942||-0.01%||-0.03%||$41 988 565 849|
|6||XRP||XRP predictions||74.8%||42||$0.404201||-2.02%||-1.97%||$20 533 036 252|
|7||BUSD||Binance USD predictions||91.6%||1||$0.999723||-0.07%||-0.02%||$16 253 765 776|
|8||ADA||Cardano predictions||69.2%||64||$0.393348||-2.60%||1.16%||$13 613 460 494|
|9||DOGE||Dogecoin predictions||74.8%||51||$0.092617||-1.65%||3.10%||$12 287 566 308|
|10||MATIC||Polygon predictions||68%||67||$1.21||-2.86%||1.52%||$10 591 629 612|
|11||STETH||Lido stETH predictions||92.4%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|12||SOL||Solana predictions||56.8%||86||$23.67||-4.58%||-3.57%||$8 819 921 992|
|13||SHIB||SHIBA INU predictions||67.6%||73||$0.000014||1.35%||19.81%||$7 914 712 336|
|14||DOT||Polkadot predictions||67.2%||66||$6.70||-4.41%||1.44%||$7 726 491 964|
|15||HEX||HEX predictions||70%||60||$0.041030||-11.76%||52.80%||$7 114 999 412|
Nonetheless, LTC/USD is at risk of a price correction as it paints a classic bearish reversal pattern. Litecoin (LTC) has posted daily gains of almost 20% on Nov. 9, the highest...
Litecoin price achieves $400 amid an overall crypto market boom. Litecoin (LTC) has broken the $400 mark, reaching a new all-time high price of $414 on Bitstamp on Monday...
The group already has Bitcoin and Ether ETPs listed on the Deutsche Börse Xetra. London-based ETC Group, the firm responsible for listing the first crypto...
Amid a steady rally, bitcoin has conquered an all-time peak, aiming for new highs. Other cryptocurrencies are also appreciating at a furious pace. In February 2021...
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.