|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, August 19, 2019 3:58:04PM UTC|
|Current price, USD:||77.012|
|Current price, BTC:||0.0072110|
|Market capitalization, USD:||4 857 024 756|
|Available supply:||63 068 743 LTC|
|Volume 24 hours, USD:||2 483 494 056|
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, $|
|Aug 10||85.757||83.23||86.824||5 382 272 086|
|Aug 11||86.306||86.109||90.911||5 655 924 170|
|Aug 12||88.836||85.749||88.836||5 404 272 824|
|Aug 13||85.161||83.375||86.18||5 326 235 904|
|Aug 14||84.316||76.133||85.442||4 799 297 100|
|Aug 15||77.326||73.524||77.326||4 815 969 361|
|Aug 16||75.846||73.514||76.243||4 720 260 446|
|Aug 17||74.460||72.434||74.945||4 590 467 351|
|Aug 18||72.758||72.197||77.373||4 814 799 193|
|Aug 19||76.215||76.215||78.339||4 857 024 756|
|LTC price change 24 hours||0.52%|
|LTC price change 7 days||-10.95%|
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.
Litecoin led the bull a few weeks ago and that signaled the current trend. LTC is going to benefit once the market takes off considering its overall recognition in the whole crypto market. Everyone knows LTC, and we all saw what happened in 2017 when it found its legs!
We publish the most accurate Litecoin Forecasts and News including crypto industry experts' opinion on a daily basis
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