Litecoin logo

Litecoin

LTC

Price
$62.77
8/8/2022, 4:50:07 PM
diamondHands

Trade Litecoin today

Create a Coinbase account to buy and sell Litecoin on the most secure crypto exchange.

Market

Market stats

Market cap

$4.5B

Volume (24h)

$366.7M

Circulating supply

70.9M LTC

Typical hold time

99 days

Popularity

#17

All time high

$412.96

Price change (1h)

-0.12%

Price change (24h)

+2.26%

Price change (7d)

+5.75%

Trading activity

89% Buy0% Buy
11% Sell100% Sell

Sign up now to get up to $400 in rewards

Coinbase users can earn up to $400 on average just by taking advantage of our rewards. Get started now.

congratulationsOnEarningCrypto

Litecoin is on the rise this week.

The price of Litecoin has risen by 5.75% in the past 7 days. The price increased by 2.26% in the last 24 hours. In just the past hour, the price shrunk by 0.12%. The current price is $62.77 per LTC. Litecoin is 84.80% below the all time high of $412.96.

The current circulating supply is 70,897,593.777 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

Related Assets

Trending assets

Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.

Popular cryptocurrencies

A selection of cryptocurrencies in the top 50 by market cap.

Recently added

A selection of the most recently added cryptocurrencies.

Comparable market cap

Of all the assets on Coinbase, these 8 are the closest to Litecoin in market cap.

Social

Litecoin on social media.

Litecoin was mentioned in 1,708 out of 1,723,449 social media posts on Twitter and Reddit on Aug 07, 2022. 2,555 unique individuals are talking about Litecoin and it is ranked #86 in most mentions and activity from collected posts.

Powered by LunarCrush

Key indicators

Contributors

2,555 people

Posts

1,708 posts

Dominance

0.1%

Volume rank

#86

Powered by LunarCrush

Coinbase Bytes

The week’s biggest crypto news, sent right to your inbox

Coinbase Bytes article