Rank #23

image Litecoin LTC

$57.23 -5.34%
All Time High All Time Low
$410.26September 16, 2022 $1.15September 16, 2022
Market Cap $4,079,060,238.00
Total Volume $523,331,722.00
Fully Diluted Valuation $4,814,043,922.00
Circulating Supply 71,175,308
Total Supply 84,000,000
Max Supply 84,000,000

Litecoin Price Chart (LTC)

LTC Price Today

Litecoin price today is $57.23 with a 24-hour trading volume of $523,331,722.00. LTC price is down $-5.34076% in the last 24 hours. It has a circulating supply of 71,175,308 LTC coins and a total supply of 84,000,000.

What Is Litecoin (LTC)?

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.

Litecoin Questions & Answers

What is Litecoin Price Today?
Litecoin price today is $57.23
What was the highest price for Litecoin?
Litecoin hit an all time high of $410.26 on September 16, 2022
What was the lowest price for Litecoin?
Litecoin had an all time low of $1.15 on September 16, 2022
What was the 24 hour trading volume of Litecoin?
The 24 hour trading volume of Litecoin is $523,331,722.00
Where can Litecoin be traded?
You can trade Litecoin on following exchanges.

Popular trading pairs for Bitcoin in the market includes LTC,BUSD, LTC,ETH, LTC,EUR, LTC,USDC, LTC,BNB, LTC,GBP, LTC,BRL, LTC,UAH, LTC,RUB, LTC,USD, LTC,USDT, LTC,BTC, LTC,JPY, LTC,OKB


LTC Price Statistics

Last Updated September 16, 2022 05:30 AM EDT
Litecoin Price Today $57.23
Market Cap $4,079,060,238.00
Market Cap Rank 23
Fully Diluted Valuation $4,814,043,922.00
Total Volume $523,331,722.00
24h High $60.69
24h Low $56.69
24h Change $-3.2287907164961
24h Change% -5.34076%
Market Cap Change $-221187695.15638
Market Cap Change% -5.1436%
Circulating Supply 71,175,308
Total Supply 84,000,000
Max Supply 84,000,000
All Time High $410.26Sep 16, 2022
All Time Low $1.15Sep 16, 2022

Litecoin Trading Exchanges

Exchange Trust Score
Binance Binance
Coinbase Exchange Coinbase Exchange