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Litecoin

Litecoin LTC

Coin
Litecoin Price (LTC)
$52.73
2.49% Buy LTC

0.0397 ETH

0.0027 BTC

Low: $52.48
High: $54.04
24h
Market Cap
$3,761,803,715
2.49%
Fully Diluted Market Cap
$4,426,435,161
2.49%
Volume
24h
$349,516,127
5.56%
Volume / Market Cap
0.0929
Circulating Supply
71,334,481 LTC
100.00%
Max Supply
84,000,000
Total Supply
84,000,000
Litecoin LTC
Price: $52.73
2.49% Buy LTC
Litecoin (LTC) Social Signals & Traffic Tracker
Litecoin twitter
Twitter Stats
@LitecoinProject

Followers

42,437

0.03%

Following

0

0.00%

Tweet count

145

0.00%

Joined at Apr 30, 2013
Litecoin reddit
Reddit Stats
r/litecoin

Subscribers

357,210

0.03%

Subreddit type

public

Moderators

13

0.00%

Joined at Oct 14, 2011
Litecoin telegram
Telegram Stats

Currently, official Litecoin Telegram account doesn’t exist or wasn’t submitted. 🔆

Litecoin traffic
Website Traffic
litecoin.org

Website Rating (DR)

80 / 100

0.00%

Ahrefs Rank

12,293

0.17%

Organic Traffic (mo.)

11,845

77.59%

Litecoin github
GitHub Organization
litecoin-project

Public repos

28

Type

Organization

Created at Jun 13, 2012
Litecoin github
GitHub Repository
litecoin-project/litecoin

Stars

4,117

0.05%

Watchers

510

0.00%

Forks

3,040

0.10%

Language

C++

Created at Jun 13, 2012

Litecoin Price statistics

Litecoin Price
$52.73
Price change 24h
-$1.31
2.49%
24h Low / 24h High
$52.48 /
$54.04
All Time High
May 10, 2021 (1 year 4 months ago)
$412.96
87.23%
All Time Low
Jan 14, 2015 (7 years 8 months ago)
$1.11
4,634.92%
Trading Volume 24h
$349,516,127
5.56%
Volume / Market Cap
0.0929
Market Dominance
0.38%
Market Rank
#24
Market Cap
$3,761,803,715
2.49%
Fully Diluted Market Cap
$4,426,435,161
2.49%

Live LTC Price Analysis

The current real time Litecoin price is $52.73, and its trading volume is $349,516,127.29 in the last 24 hours. LTC price has plummeted by 2.49% in the last day, and decreased by 2.39% in the last 7 days. It’s important to note that current Litecoin market capitalization is $3,761,803,715.09, and the maximum supply is 84,000,000 LTC coins. Talking about circulating supply, LTC has 71,334,481 coins. Currently, Litecoin rank on the market is #24.

Litecoin price today is 87.23% below all time high, and it is 4,634.92% above all time low.

All data and prices are updated in real-time. The most active and popular exchanges for buying or selling LTC are Binance, Kucoin & Kraken. Find more crypto exchange options on our Crypto Exchange Tracker. The most secure hardware wallets for keeping your cryptocurrency safe are Ledger and Trezor.

What Is Litecoin (LTC)?

Litecoin (LTC) is a peer-to-peer crypto asset that is basically a “lighter” version of Bitcoin. Since it was developed based on Bitcoin, it has many features exclusive to BTC. However, it has much faster transaction speeds, a different market cap, a different hashing algorithm, lower transaction fees, and so on. Take a look at the Litecoin price chart placed above to see the current LTC price.

Litecoin crypto project is open-source. It was developed using the MIT/X11 license which enables you to use, alter, and duplicate the software, as well as to distribute altered copies of the software at your discretion.

Compared to Bitcoin, the Litecoin blockchain can process a higher volume of transactions. The network can support more transactions without having to change the software in the future because blocks are generated more frequently. Overall, since it provides users with fast and low-cost transactions, it’s great for making micro-transactions.

The Story of Litecoin

Litecoin crypto project was developed by Charlie Lee in October 2011. Computer scientist and pioneering Bitcoin miner Charlie Lee previously worked as a software developer for Google. Besides that, from 2015 to 2017, Lee was a  director of engineering at Coinbase.

Now, together with Xinxi Wang, Alan Austin, and Zing Yang, Charlie Lee manages the Litecoin Foundation. In order to improve Litecoin, the Foundation collaborates with the Litecoin Core Development team.

Litecoin Mining

Essentially, Litecoin was developed in order to prevent mining from being monopolized by businesses with extensive mining capacity. The short intervals between mining blocks allow more miners to mine blocks and collect mining rewards.

The biggest difference between Litecoin and Bitcoin is that Litecoin employs the Scrypt algorithm instead of Bitcoin's SHA-256 for mining. Since Scrypt relies mostly on quick calculation, it enables the use of specialized hardware to achieve large hash rates.

Colin Percival developed the Scrypt algorithm as a password-based key generation function, and it was then adopted for Litecoin mining after some of its settings were adjusted. Litecoin crypto project was the first to use the Scrypt algorithm but some other projects employed it later as well.

However, Scrypt is still a Proof-of-Work (PoW) algorithm but, rather than focusing on pure CPU power (like SHA-256 does), it focuses on memory. This means that, essentially, Litecoin uses the PoW mechanism but is able to access enormous amounts of memory rather than just the processing power of the CPU or GPU.

Litecoin transaction confirmation is fast and error-free thanks to the usage of the PoW consensus mechanism. Numerous attacks, including Double Spending attempts, are prevented using the durability of the Litecoin mining network.

Overall, efficiency and affordability are two of Litecoin's main features. Litecoin usually takes under a minute to confirm transactions, and its transaction fees are incredibly small. It is a great substitute for Bitcoin in countries where transaction costs may be a deciding factor in choosing which crypto asset to endorse.

Again, if you’re interested in the current LTC price, check out the Litecoin price chart above.

The Usage of Litecoin tokens

Essentially, LTC coins are used for making various payments. There’s even a Litecoin VISA card. It allows users to utilize Litecoin tokens to make purchases anywhere that VISA cards are accepted, which is pretty much everywhere.

Besides that, Litecoin tokens can be used on a huge variety of dApps. You can use LTC tokens for in-store and online purchases. Talking about dApps, there’s one called SPEDN which allows users to spend Litecoin tokens without the need to exchange them for USD or use the aforementioned Litecoin card. It allows you to spend LTC tokens simply using your phone wherever Flexa is accepted.

Lastly, another way you can use LTC coins is to purchase gift cards on BitPay, eGifter, and other similar platforms. These platforms offer a huge variety of shopping gift cards from various retailers including Apple, Uber, Target, and so on.

Tokenomics of Litecoin

The maximum supply of Litecoin is 84 million tokens. Even though over 70 million tokens are already mined (as of July 2022), it’s estimated that Litecoin will reach its max supply only around 2140 (just like it’s estimated for Bitcoin).

It might seem that there’s no way that it will take that long to mine additional 14 million tokens, however, Litecoin employs Bitcoin’s halving method. Thus, roughly every four years, the amount of LTC tokens mined per block drops by half.

Initially, around 500,000 LTC tokens were pre-mined on the first day of the LTC Genesis Block release. The first miners included Charlie Lee and other early Litecoin developers. However, they did not directly profit from Litecoin, they could only generate income through regular mining.

The initial Litecoin price was $0.30 when it was listed on a few crypto markets in 2011. Though after a few years it grew tremendously during a massive bull run. From $0.30 it went to $44.73. Unfortunately, a year later, the Litecoin price crashed due to the bear market and Mt. Gox hack leaving it at $2 to $4. After staying like that for a couple of years, the LTC price increased again in 2017 reaching $358.34. Later on, though, it collapsed once more.

Mimblewimble Upgrade

The MimbleWimble (MW) testnet, which was utilized to test Mimblewimble-based private transactions, was released in late 2020. It was used to find a way to enhance the privacy and fungibility of Litecoin transactions. After a few years, on January 31, 2022, the long-awaited Mimblewimble Extension Block (MWEB) upgrade was made public, as a part of the Litecoin Core 0.21.2 release.

MimbleWimble is a privacy-focused decentralized protocol. The name of the protocol was inspired by a tongue-tying curse from the Harry Potter books. Its confidentiality feature allows users to hide transaction data. Though at the same time it lays the groundwork for other blockchains to increase the usability of Litecoin tokens.

What's Litecoin trading volume in the last 24 hours?

LTC has a trading volume of $349,516,127.29 in the last 24 hours.

What's Litecoin highest price ever?

LTC has a highest price of $412.96, which was reached on May 10, 2021 (1 year 4 months ago).

What's Litecoin lowest price ever?

LTC has a lowest price of $1.11, which was reached on Jan 14, 2015 (7 years 8 months ago).

What are the best exchanges for buying and selling LTC?

Currently, the most active and dominating exchanges for buying and selling Litecoin are Binance, Kraken & Kucoin. The most popular Litecoin trading pairs are LTC/USD (on FTX ), LTC/USDT (on Binance ), LTC/USD (on Coinbase ). Head to the Crypto Deal Directory to access custom & exclusive discounts, vouchers and welcome bonuses from the most popular exchanges.

What are the safest hardware wallets for keeping LTC?

According to an in-depth review process and testing, Ledger and Trezor are one of the safest and most popular hardware wallet options for keeping Litecoin. For exclusive discounts and promotions on best crypto wallets, visit Crypto Deal Directory.

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Current market Price of a specific cryptocurrency.

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The cryptocurrency's market Price changes in percent within the last 24 hours (1 day).

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The highest historical cryptocurrency value.

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The lowest historical cryptocurrency value.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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Market Capitalization is the overall value of all coins/tokens that have been mined or issued until now and are in circulation (not locked). It's similar to the stock markets' Free-Float Capitalization.

Market Capitalization = Circulating Supply x Current Price.

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FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

Learn this metric

FDMC is the Market Cap if the Maximum Supply of a coin/token was entirely in circulation.

FDMC = Max Supply x Current Price.

Note: if Maximum Supply is not available or limitless, Total Supply is used to calculate the value. FDMC will be undefined and marked as "--" if no form of Supply is available.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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It is a quantitative metric calculating how many individual units of specific cryptocurrency coins/tokens were traded (bought & sold) within the last 24 hours. It's a direct cryptocurrency's supply & demand indicator, and is purely related to its market price.

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The current cryptocurrency Market Capitalization Dominance among all other cryptocurrencies in the market.

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The ratio of Volume and Market Capitalization values.

The ratio of Volume and Market Capitalization values.

Publicly circulating amount of specific cryptocurrency coins/tokens that were mined or issued to date, and are not locked/staked (are available to be traded publicly).

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Verified Data

Litecoin project's Circulating Supply has been verified and is equal to:

Circulating Supply

71,334,481 LTC

The absolute theoretical maximum number of coins/tokens that is coded and will ever exist in the cryptocurrency's lifetime. Similar to stock market's Fully Diluted Shares.

Note: Max Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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The quantity of all coins/tokens that have ever been issued (even if the coins are locked), minus all coins/tokens that have been removed from circulation (burned). The Total Supply is similar to stock market's Outstanding Shares.

Total Supply = All Issued Coins - Burned Coins.

Note: Total Supply will be undefined and marked as "--" if project owners did not verify / provide any data.

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