Cryptocurrencies: 20507
Markets: 77950
Market Cap: $2,527,218,128,466     
24h Vol: $73,188,869,261
1 Litecoin (LTC) Rank 19
$101.612261
Litecoin (LTC) Rank 19
Website Reddit Twitter
74,392,144 LTC

Litecoin (LTC)

Litecoin (LTC)

LTC

Litecoin (LTC) Price
$101.61

Litecoin (LTC) 24h Vol
$523,486,301

Litecoin (LTC) Market Cap
$7,559,153,890

Litecoin (LTC) Circulating
74,392,144

Full Name
Litecoin (LTC)
Symbol
LTC
Algorithm
Scrypt
BTC Price
0.00150058 BTC
BTC Market
111,632 BTC
BTC 24h Vol
7,731 BTC
Total Coins Mined
74,392,144 LTC
1h
0.15 %
24h
4.08 %
7d
-0.7 %
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 74,392,144 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
Exploring Litecoin’s Potential Surge in Value

Exploring Litecoin’s Potential Surge in Value

Excitement builds as Litecoin approaches a critical point. Historical data suggests possible price jumps around halving events.Continue Reading:Exploring Litecoin’s Potential Surge in Value

access time image 04-16-2024 21:24

Exploring the Latest Trends in Litecoin (LTC) Prices

Exploring the Latest Trends in Litecoin (LTC) Prices

Bitcoin price fell sharply, now slightly recovering above $66,000. Litecoin dropped 37.3% from its peak, now showing signs of recovery.Continue Reading:Exploring the Latest Trends in Litecoin (LTC) Prices

access time image 04-15-2024 13:54

Litecoin Price Dynamics and Market Outlook

Litecoin Price Dynamics and Market Outlook

Litecoin, often called 'Silver Bitcoin', trends in the crypto market. Recent days saw a significant price movement and a 10% volume drop.Continue Reading:Litecoin Price Dynamics and Market Outlook

access time image 04-13-2024 19:03

Litecoin’s Recent Market Performance and Technical Outlook

Litecoin’s Recent Market Performance and Technical Outlook

Litecoin (LTC) maintains upward trend, staying above $100. LTC's market value shines at $7.59 billion despite a slight pullback.Continue Reading:Litecoin’s Recent Market Performance and Technical Outlook

access time image 03-30-2024 20:16

Litecoin Price at a Crossroads: Key Levels to Watch

Litecoin Price at a Crossroads: Key Levels to Watch

Litecoin struggles under a declining trend line, creating lower peaks. Recent tests of resistance suggest a potential drop to $90 support level.Continue Reading:Litecoin Price at a Crossroads: Key Levels to Watch

access time image 03-30-2024 17:05

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