Cryptocurrencies: 23154
Markets: 85250
Market Cap: $2,156,322,579,272     
24h Vol: $35,189,381,275
1 Litecoin (LTC) Rank 20
$67.417875
Litecoin (LTC) Rank 20
Website Reddit Twitter
75,052,662 LTC

Litecoin (LTC)

Litecoin (LTC)

LTC

Litecoin (LTC) Price
$67.42

Litecoin (LTC) 24h Vol
$210,459,536

Litecoin (LTC) Market Cap
$5,059,891,025

Litecoin (LTC) Circulating
75,052,662

Full Name
Litecoin (LTC)
Symbol
LTC
Algorithm
Scrypt
BTC Price
0.00108695 BTC
BTC Market
81,578 BTC
BTC 24h Vol
3,393 BTC
Total Coins Mined
75,052,662 LTC
1h
0.17 %
24h
2.81 %
7d
-2.06 %
Charts

Litecoin (LTC)
Litecoin (LTC)

Description

Litecoin LTC - provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have - which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. Litecoin is in second spot to Bitcoin and has spawned numerous clones - however it has a solid base of support and dedicated development team.

The Litecoin project is currently maintained by a core group of 6 software developers, led by Charles Lee, with a large community that is growing in support.

In May 2017, Litecoin became the first of the Top 5 (By Market Cap) cryptocurrencies to implement the SegWit scaling solution. Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second.

Full Name Litecoin (LTC)
Start Date N/A
Algorithm Scrypt
Proof Type PoW
Website litecoin.com
Twitter @litecoin
Facebook www.facebook.com/litecoincommunity/
Reddit www.reddit.com/r/litecoin/
Block Number 1682872
Block Time 150
Block Reward 12
Total Coins Mined 75,052,662 LTC
Previous Total Coins Mined 63,009,952
Net Hashes Per Second 387,243,283,036,302.81 H/s
Technology

- Faster transaction confirmations (2.5 minutes on average)

- Scrypt-based mining proof-of-work algorithm

- 84 million litecoins

- Higher transaction volume than Bitcoin

- MIT/X11 license

 

Features

Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.

Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.

The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.

Litecoin (LTC) News
Charlie Lee Highlights Corporate Interest in Litecoin ETF Application

Charlie Lee Highlights Corporate Interest in Litecoin ETF Application

Charlie Lee emphasizes rising institutional interest in Litecoin ETF. Market experts predict significant price increases if the ETF is approved. Continue Reading:Charlie Lee Highlights Corporate Interest in Litecoin ETF Application The post Charlie Lee Highlights Corporate Interest in Litecoin ETF Application appeared first on COINTURK NEWS.

access time image 10-21-2024 18:38

Canary Capital Group LLC Submits New ETF Application for Litecoin

Canary Capital Group LLC Submits New ETF Application for Litecoin

The ETF landscape in cryptocurrency is expanding with recent applications. Canary Capital's focus on Litecoin highlights its unique status among altcoins. Continue Reading:Canary Capital Group LLC Submits New ETF Application for Litecoin The post Canary Capital Group LLC Submits New ETF Application for Litecoin appeared first on COINTURK NEWS.

access time image 10-15-2024 16:33

Litecoin Shows Promising Upward Momentum as Analysts Identify Key Price Levels

Litecoin Shows Promising Upward Momentum as Analysts Identify Key Price Levels

Litecoin is showing strong upward momentum after breaking a key trend line. On-chain activities indicate growing interest, supporting potential price increases. Continue Reading:Litecoin Shows Promising Upward Momentum as Analysts Identify Key Price Levels The post Litecoin Shows Promising Upward Momentum as Analysts Identify Key Price Levels appeared first on COINTURK NEWS.

access time image 09-15-2024 15:06

Whales Drive Litecoin Activity Despite Market Stagnation

Whales Drive Litecoin Activity Despite Market Stagnation

Litecoin remains in a consolidation phase with increased whale activity. Active addresses have sharply declined, indicating reduced transaction activity. Continue Reading:Whales Drive Litecoin Activity Despite Market Stagnation The post Whales Drive Litecoin Activity Despite Market Stagnation appeared first on COINTURK NEWS.

access time image 09-07-2024 17:41

Analysts Predict Potential Litecoin Price Increase

Analysts Predict Potential Litecoin Price Increase

Litecoin was created in 2011 to address Bitcoin's high transaction costs. Analysts predict a potential price increase for Litecoin, possibly exceeding $110. Continue Reading:Analysts Predict Potential Litecoin Price Increase The post Analysts Predict Potential Litecoin Price Increase appeared first on COINTURK NEWS.

access time image 09-05-2024 22:08

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