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Litecoin

LTC

4.4

Price
$54.93
9/24/2022, 2:57:45 PM
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Market

Market stats

Market cap

$3.9B

Volume (24h)

$523.1M

Circulating supply

71.2M LTC

Typical hold time

100 days

Popularity

#18

All time high

$412.96

Price change (1h)

+0.07%

Price change (24h)

+4.66%

Price change (7d)

-4.57%

Trading activity

92% Buy0% Buy
8% Sell100% Sell

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Litecoin is on the decline this week.

The price of Litecoin has fallen by 4.57% in the past 7 days. The price increased by 4.66% in the last 24 hours. In just the past hour, the price grew by 0.07%. The current price is $54.935 per LTC. Litecoin is 86.70% below the all time high of $412.96.

The current circulating supply is 71,240,556.276 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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Social

Litecoin on social media.

Litecoin was mentioned in 1,997 out of 1,542,865 social media posts on Twitter and Reddit on Sep 23, 2022. 2,395 unique individuals are talking about Litecoin and it is ranked #103 in most mentions and activity from collected posts.

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Key indicators

Contributors

2,395 people

Posts

1,997 posts

Dominance

0.13%

Volume rank

#103

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FAQ

What is the current price of Litecoin?

The price of 1 Litecoin currently costs $54.93.

What is the market cap of Litecoin?

The current market cap of Litecoin is $3.91B. 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 $523.10M.

What other assets are similar to Litecoin?

Assets that have a similar market cap to Litecoin include yOUcash, Cosmos, UNUS SED LEO, 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 71 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 100 days.

What is the relative popularity of Litecoin?

Litecoin ranks 8 among tradable assets on Coinbase. Popularity is currently based on relative market cap.

What is the current trading activity of Litecoin?

Currently, 92% of Coinbase users are buying Litecoin. In other words, 92% of Coinbase customers have increased their net position in Litecoin over the past 24 hours through trading.

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