Cryptocurrencies: 22121
Markets: 83458
Market Cap: $2,082,271,223,765     
24h Vol: $81,786,381,503
1 Litecoin (LTC) Rank 22
$62.596278
Litecoin (LTC) Rank 22
Website Reddit Twitter
74,719,894 LTC

Litecoin (LTC)

Litecoin (LTC)

LTC

Litecoin (LTC) Price
$62.60

Litecoin (LTC) 24h Vol
$364,463,685

Litecoin (LTC) Market Cap
$4,677,187,217

Litecoin (LTC) Circulating
74,719,894

Full Name
Litecoin (LTC)
Symbol
LTC
Algorithm
Scrypt
BTC Price
0.00110390 BTC
BTC Market
82,483 BTC
BTC 24h Vol
6,427 BTC
Total Coins Mined
74,719,894 LTC
1h
0.33 %
24h
5.87 %
7d
-15.73 %
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 74,719,894 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
Litecoin Faces Challenges Despite Market Stability

Litecoin Faces Challenges Despite Market Stability

Litecoin struggles to regain its all-time high of $412. Whales show early bearish trends, weakening large transaction volumes.Continue Reading:Litecoin Faces Challenges Despite Market Stability

access time image 07-23-2024 14:36

Litecoin Shows Signs of a Bullish Surge in 2024

Litecoin Shows Signs of a Bullish Surge in 2024

Litecoin shows signs of a bullish surge in early 2024. Significant events like Bitcoin's halving influence Litecoin's upward momentum.Continue Reading:Litecoin Shows Signs of a Bullish Surge in 2024

access time image 07-19-2024 13:46

Litecoin Price Experiences a Slight Increase

Litecoin Price Experiences a Slight Increase

LTC price rose by 2.18% in the last week. On-chain data shows more demand-side orders than sales.Continue Reading:Litecoin Price Experiences a Slight Increase

access time image 07-03-2024 20:42

Litecoin and Aptos Show Promising Trends While BlockDAG Sets Ambitious Price Targets

Litecoin and Aptos Show Promising Trends While BlockDAG Sets Ambitious Price Targets

Litecoin network activity is increasing, indicating a potential price rise. Aptos is approaching an all-time high with a 94% increase in 30 days.Continue Reading:Litecoin and Aptos Show Promising Trends While BlockDAG Sets Ambitious Price Targets

access time image 06-17-2024 17:11

Litecoin Sees Increased Network Activity and Potential Price Movements

Litecoin Sees Increased Network Activity and Potential Price Movements

Litecoin's network activity has significantly increased in June compared to May. RSI indicates potential overselling, which could drop LTC to $75.Continue Reading:Litecoin Sees Increased Network Activity and Potential Price Movements

access time image 06-12-2024 00:09

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