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Litecoin price

(LTC)

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$9.5B
$1.5B
66.8M LTC

About Litecoin

Litecoin is a cryptocurrency that uses a faster payment confirmation schedule and a different cryptographic algorithm than Bitcoin.

How it works

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).

Keep in mind

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 has negative effects in terms of overall network security.

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