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Litecoin

LTC

Price
$83.33
12/5/2022, 7:20:03 AM
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Market

Market stats

Market cap

$6.0B

Volume (24h)

$636.3M

Circulating supply

71.8M LTC

Typical hold time

101 days

Trading activity

Not enough data

Popularity

#10

All time high

$412.96

Price change (1h)

-0.3%

Price change (24h)

+8.71%

Price change (7d)

+15.66%

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Litecoin is on the rise this week.

The price of Litecoin has risen by 15.66% in the past 7 days. The price increased by 8.71% in the last 24 hours. In just the past hour, the price shrunk by 0.30%. The current price is $83.33 per LTC. Litecoin is 79.82% below the all time high of $412.96.

The current circulating supply is 71,760,743.727 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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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

South Korean crypto exchanges Upbit and Bithumb will delist Litecoin because of its newly activated privacy features.

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

Two exchanges have issued investment warnings about litecoin after a privacy update that allows transfers to be made confidentially.

Blockworks • Dec 14, 21

21Shares Crypto ETP in Europe Excludes BTC and ETH

Firm’s new index offering holds the next eight largest crypto assets The post 21Shares Crypto ETP in Europe Excludes BTC and ETH appeared first on Blockworks.

Read more


Firm’s new index offering holds the next eight largest crypto assets 
The post 21Shares Crypto ETP in Europe Excludes BTC and ETH appeared first on Blockworks.

Blockworks • Nov 11, 21

Grayscale’s Total Assets Under Management Hits $60B

Along with the milestone for Grayscale funds AUM, the firm passes SPDR Gold Shares (GLD), the world’s largest gold ETF. The post Grayscale’s Total Assets Under Management Hits $60B appeared first on Blockworks.

Read more

The Block • Oct 07, 21

Neobrokerage firm Public.com rolls out crypto trading tools

New York-based neobroker Public.com is launching crypto trading tools, becoming the latest in a growing number of fintech firms to have made the move. The post Neobrokerage firm Public.com rolls out crypto trading tools appeared first on The Block.

Read more

New York-based neobroker Public.com is launching crypto trading tools, becoming the latest in a growing number of fintech firms to have made the move.
The post Neobrokerage firm Public.com rolls out crypto trading tools appeared first on The Block.

Decrypt • Oct 05, 21

Fifth-Largest Bank in U.S. Now Offering Bitcoin Custody Services

The fifth-largest American bank has rolled out custody for Bitcoin, Litecoin, and Bitcoin cash in partnership with NYDIG.

Read more

The fifth-largest American bank has rolled out custody for Bitcoin, Litecoin, and Bitcoin cash in partnership with NYDIG.

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FAQ

What is the current price of Litecoin?

The price of 1 Litecoin currently costs $83.33.

What is the market cap of Litecoin?

The current market cap of Litecoin is $5.98B. 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 $636.30M.

What other assets are similar to Litecoin?

Assets that have a similar market cap to Litecoin include Cardano, Polygon, Polkadot, 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 72 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 101 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, 97% of Coinbase users are buying Litecoin. In other words, 97% of Coinbase customers have increased their net position in Litecoin over the past 24 hours through trading.