Litecoin current price is $199.45.


Litecoin current price is $199.45 with a marketcap of $13.34 B. Its price is 9.85% up in last 24 hours.


Buy / Sell Litecoin
  • litecoin
    Litecoin (LTC)
  • Live Price
    $199.45
  • 24h %
    9.85%
  • Market Cap
    $13.34 B
  • Volume
    $6.43 B
  • Available Supply
    66.63 M LTC
  • Rank
    9

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More Info About Coin

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.

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Twitter News Feed

Announcing the Official Litecoin Club on @joinClubhouse
for those of you using the app just search 'Litecoin' under clubs and there we will be!
Follow, listen and join in our upcoming events and discussions. #Litecoin $LTC #LitecoinFAM #PaywithLitecoin

Fun #LitecoinFACT for the day is the word "fungibility" coming to a 2nd layer near you. Learn what fungible means so you're ready for #MWEB https://en.wikipedia.org/wiki/Fungibility (Learn more about MWEB here: https://litecoin-foundation.org/the-battle-for-sound-money/)

🔥$100 LTC #GIVEAWAY🔥
Poloniex is launching Litecoin $LTC FUTURES at 12:30pm UTC on MARCH 4TH!

1⃣️Follow @Poloniex
2⃣️Like and retweet this post ❤️
3⃣️Comment on this post 📖

TOP 5 comments with most likes to split the $100 worth of LTC! 💰

ENDS 12:30pm UTC on March 5th

Hey @LTCFoundation

Thank you for being so awesome and working tirelessly for every #Litecoin community member.

We have just donated 2 #LTC.

Love from team http://changeangel.io, The Swap Exchange For Social Good.

Swap to $LTC today at http://changeangel.io

#crypto

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