|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:||Wednesday, September 30, 2020 9:00:02AM UTC|
|Crypto Volatility Index (CVIX):||42|
|Current price, USD:||46.15|
|Market capitalization, USD:||3 025 962 142|
|Available supply:||65 567 191 LTC|
|Volume 24 hours, USD:||1 932 104 113|
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 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.
We list daily Litecoin historical data for the past 10 days
|Date||Open, $||Min, $||Max, $||Market cap, $|
|Sep 21||47.31||43.01||47.57||2 855 378 343|
|Sep 22||43.28||43.16||44.64||2 907 701 410|
|Sep 23||44.51||42.76||45.03||2 829 606 811|
|Sep 24||43.06||43.06||45.10||2 947 419 414|
|Sep 25||45.04||44.22||46.30||3 019 036 464|
|Sep 26||46.09||45.51||46.39||3 023 703 336|
|Sep 27||46.19||45.28||46.34||3 016 457 111|
|Sep 28||46.09||46.09||46.90||3 035 860 677|
|Sep 29||45.36||45.36||45.86||2 989 924 598|
|Sep 30||45.80||45.59||46.27||3 025 962 142|
|LTC price change 24 hours||0.97%|
|LTC price change 7 days||4.25%|
LA Finest August 17, 2020 LTC
LTC is always perched in an uncertain position. It may be because crypto enthusiasts are unsure if LTC has lasting power in the crypto market, but it either gets weak support or strong buying action. Lately it’s been enjoying strong buying action,...
Phil0$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
We publish the most accurate Litecoin Forecasts and News including crypto industry experts' opinion on a daily basis