Litecoin Litecoin LTC
Litecoin Price (LTC) Rank #18 $ 73.36 (USD) +10.07139%

Litecoin (LTC) price graph

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.

What is the current price of Litecoin (LTC) ?

The recent Litecoin (LTC) price today is $73.36 USD. We update our LTC to USD on frequent basis. The current Litecoin situation is up 10.07139% in last 24 hours. The current grepget rank is #18. Litecoin has a circulating supply of 70,304,758.2334713 LTC coins and a max supply of 84,000,000.0 LTC coins.

Litecoin 24hr exchanges
# Exchanges Symbol Price High Price Low Price Volume Trade Count
1 Binance USD Buy LTCBTC 0.00243000 0.00243600 0.00224100 642.82 41,607
2 Binance USD Buy LTCETH 0.03552000 0.03564000 0.03312000 646.23 5,825
3 Binance USD Buy LTCUSDT 73.4 73.6 66.4 39,025,556.46 74,148
4 Binance USD Buy LTCBNB 0.24200000 0.24290000 0.22490000 1,045.75 2,446
5 Binance USD Buy LTCTUSD 0.00000000 0.00000000 0.00000000 0.0 0
6 Binance USD Buy LTCPAX 0.00000000 0.00000000 0.00000000 0.0 0
7 Binance USD Buy LTCUSDC 73.3 73.4 66.4 694,137.19 1,274
8 Binance USD Buy LTCBUSD 73.3 73.5 66.3 7,005,322.0 21,008
9 Binance USD Buy LTCUPUSDT 0.00000000 0.00000000 0.00000000 0.0 0
10 Binance USD Buy LTCDOWNUSDT 0.00000000 0.00000000 0.00000000 0.0 0
11 Binance USD Buy LTCEUR 69.5 69.8 63.8 1,710,699.24 6,406
12 Binance USD Buy LTCNGN 0.00000000 0.00000000 0.00000000 0.0 0
13 Binance USD Buy LTCRUB 4,807.1 4,817.4 4,286.3 3,496,101.37 1,298
14 Binance USD Buy LTCBRL 365.1 365.6 338.8 802,774.24 1,142
15 Binance USD Buy LTCGBP 58.8 58.8 54.26 92,553.65 349
16 Binance USD Buy LTCUAH 2,503.0 2,506.0 2,231.0 1,799,746.1 1,220