LTC

LTC Litecoin

Price of 1 Litecoin today (2 August)

$ 108.23

4.06%

Price of Litecoin (LTC)

Market Cap

$ 8.2B

+21%

#26

FDV

$ 9.1B

Trading Volume, 24h

$ 954.6M

+13%

Dominance

0.21%

In circulation LTC

76,224,970 91%

Max supply

84,000,000

Price Min/Max

24 hrs

$ 120.24

30 days

$ 85.53

$ 121.81

1 year

$ 50.55

$ 146.08

LTC Sectors:

Litecoin does not belong to any sector.

Exchanges where LTC is traded

	Exchange	Pair	Price	Volume, 24h
1	FameEX	LTC/USDT	$ 108.32 ₮ 108.36	$ 125,142,801	Go
2	Binance	LTC/USDT	$ 108.17 ₮ 108.21	$ 85,675,866	Go
3	HTX	LTC/USDT	$ 108.31 ₮ 108.37	$ 71,920,425	Go
4	Coinsbit	LTC/USDT	$ 92.07 ₮ 92.00	$ 58,572,074	Go
5	Icrypex	LTC/USDT	$ 107.79 ₮ 107.84	$ 55,480,947	Go
6	MEXC	LTC/USDT	$ 108.36 ₮ 108.40	$ 46,894,147	Go
7	Slex	LTC/USDT	$ 107.25 ₮ 107.29	$ 35,086,602	Go
8	Coinbase Exchange	LTC/USD	$ 106.83 $ 106.83	$ 34,038,147	Go
9	LBank	LTC/USDT	$ 107.71 ₮ 107.75	$ 33,413,819	Go
10	OKX	LTC/USDT	$ 107.62 ₮ 107.63	$ 32,345,468	Go

Show All ➙

The first currency trading commenced in 8 October 2011 , and up to the present day, Litecoin (LTC) is traded on 169 exchanges, including Fameex, Binance, Huobi Global, MXC and others. The maximum trading volume is observed for the trading pair LTC/USDT and reaches 1 bln. dollars (83% of the total volume across all exchanges). During the week, the minimum price for Litecoin (LTC) is fixed on Friday at 105.84 dollars. Currently, the token Litecoin is trading in the range of 108.23 dollars or 0.0026 kopecks for 1 LTC.

Calculator LTC

LTC

USDT

1 LTC = 108.23 USD

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What is Litecoin?

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.

Why Litecoin?
Litecoin is a cryptocurrency that has evolved from Bitcoin after its own popularity in the industry, this alternative, or ‘altcoin’ has emerged to allow investors to diversify their digital currency package, according to Investopedia. Litecoin is one of the most prominent altcoins and was created by former Google employee and Director of Engineering at Coinbase, Charlie Lee. Litecoin was the first to alter Bitcoin and the most significant difference is that it takes 2.5 minutes for Litecoin to generate a block, or transaction, in comparison to Bitcoin's 10 minutes.

‘While this matters little to traders, miners who use hardware to run Bitcoin's network cannot switch over to Litecoin. This keeps bigger mining conglomerates away from Litecoin because they cannot easily optimize their profits by swapping to another coin, contributing to a more decentralized experience. Litecoin also has bigger blocks, and more coins in circulation, making it more affordable and swift when transacting,’ Investopedia explained.

As explained above, Litecoin can transact a lot faster than Bitcoin, but there are also a number of other characteristics that investors need to know before trading. Litecoin can handle higher volumes of transactions because of the capability of transacting faster and if Bitcoin attempted to transact on the scale of its altcoin, a code update would be needed. However, Litecoin’s blocks would be larger, but with more ‘orphaned blocks'. The faster block time of litecoin reduces the risk of double spending attacks - this is theoretical in the case of both networks having the same hashing power.

Litecoin Technical Details:
The transaction confirmation time taken for Litecoin is about 2.5 minutes on average (as compared to Bitcoin's 10 minutes). The Litecoin network is scheduled to cap at 84 million currency units.

Litecoin has inspired many other popular alternative currencies (eg. Dogecoin) because of its Scrypt hashing algorithm in order to prevent ASIC miners from mining those coins. However it is said that by the end of this year, Scrypt ASIC will enter the mass market.