The Block • Dec 06, 22
Litecoin, dogecoin lead declines in crypto prices, Silvergate plummets pre-market
Silvergate shares plummeted ahead of the East Coast open today, despite CEO Alan Lane's attempts to reassure shareholders on Monday.
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Litecoin
LTC
4.4
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Market
Market stats
Market cap
$5.0B
Volume (24h)
$276.7M
Circulating supply
73.7M LTC
Typical hold time
49 days
Popularity
#12
All time high
$412.96
Price change (1h)
-0.46%
Price change (24h)
+0.87%
Price change (7d)
+4.7%
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Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Litecoin is on the rise this week.
The price of Litecoin has risen by 4.70% in the past 7 days. The price increased by 0.87% in the last 24 hours. In just the past hour, the price shrunk by 0.46%. The current price is $67.23 per LTC. Litecoin is 83.72% below the all time high of $412.96.
The current circulating supply is 73,717,570.477 LTC.
About
Litecoin is a cryptocurrency that uses a faster payment confirmation schedule and a different cryptographic algorithm than Bitcoin.
Resources
What is Litecoin?
According to the Litecoin (LTC) website, “Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.” If you’re familiar with Bitcoin, this definition might sound similar. That’s because Litecoin is based on Bitcoin’s open source codebase, but with a few technological differences.
Litecoin was created as a fork of Bitcoin in 2011. A fork happens whenever a community makes a change to the blockchain's protocol, or basic set of rules. Forks create a second blockchain that shares all of its history with the original, but is headed off in a new direction. So what’s the difference? Litecoin branched off from Bitcoin to test new innovations, including a different proof of work mining algorithm. The digital asset also aims to offer faster transaction times and lower costs than Bitcoin.
What is Litecoin used for?
Like Bitcoin, Litecoin is a digital currency, which can be used to buy things at places where it’s accepted, and to transfer funds between accounts.
What’s the difference between Litecoin and Bitcoin?
As a fork of Bitcoin, Litecoin did not aim to change the fundamental logic or architecture – being nearly identical to Bitcoin in terms of use and design — but with a reduced transaction confirmation time and much lower cost (as much as 50 times lower, depending on market conditions).
Litecoin’s speed and relatively low fees make it appealing as a payment option and means of transferring value, but the network has significantly fewer miners than Bitcoin, which could have an impact on the overall security of the network.
How many Litecoins are there?
Like Bitcoin, Litecoin has a fixed supply: there will only ever be 84 million LTC.
How do you mine Litecoin?
Specialized computers known as ‘mining rigs’ perform the equations required to verify and record a new Litecoin transaction. In the early days, a typical desktop PC was powerful enough to participate, which allowed pretty much anyone who was curious to try their hand at mining.
These days the computers required are massive, specialized, and often owned by businesses or large numbers of individuals pooling their resources.
Where can I buy Litecoin?
You can buy Litecoin through several crypto exchanges, including Coinbase.
Released: October 2011
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Litecoin Calculator
How much is 1 LTC?
Conversion Table
LTC/CAD (Canadian Dollar)
CA$91.91
LTC/GBP (British Pound)
£55.43
LTC/JPY (Japanese Yen)
¥10,074.21
LTC/INR (Indian Rupee)
₹5,594.53
LTC/BRL (Real)
R$340.69
LTC/EUR (Euro)
€64.02
LTC/NGN (Nigerian Naira)
NGN 51,569.71
LTC/KRW (South Korean Won)
₩91,339.86
LTC/SGD (Singapore Dollar)
S$92.35
Reading List
News
The Block • Jun 08, 22
Major Korean exchanges delist Litecoin due to its new privacy features
South Korean crypto exchanges Upbit and Bithumb will delist Litecoin because of its newly activated privacy features.
Read more
The Block • May 23, 22
Korean crypto exchanges issue warnings on litecoin over confidential transactions
Two exchanges have issued investment warnings about litecoin after a privacy update that allows transfers to be made confidentially.
Read more
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FAQ
What is the current price of Litecoin?
We update our Litecoin to USD currency in real-time. Get the live price of Litecoin on Coinbase.
What is the market cap of Litecoin?
The current market cap of Litecoin is $4.96B. A high market cap implies that the asset is highly valued by the market.
What is the all time high of Litecoin?
The all-time high of Litecoin is $412.96. This all-time high is highest price paid for Litecoin since it was launched.
What is the 24 hour trading volume of Litecoin?
Over the last 24 hours, the trading volume of Litecoin is $276.68M.
What other assets are similar to Litecoin?
Assets that have a similar market cap to Litecoin include Solana, Dogecoin, TRON, and many others. To see a full list, see our comparable market cap assets.
How many Litecoin are there?
The current circulating supply of Litecoin is 74 million.
What is the typical holding time of Litecoin?
The median time that Coinbase customers hold Litecoin before selling it or sending it to another account or address is 49 days.
What is the relative popularity of Litecoin?
Litecoin ranks 7 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
What is the current trading activity of Litecoin?
Currently, 98% of Coinbase users are buying Litecoin. In other words, 98% of Coinbase customers have increased their net position in Litecoin over the past 24 hours through trading.
Can I buy Litecoin on Coinbase?
Yes, Litecoin is currently available on Coinbase’s centralized exchange. For more detailed instructions, check out our helpful how to buy Litecoin guide.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.