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.
Create a Coinbase account to buy and sell Litecoin on the most secure crypto exchange.
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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.
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.
Litecoin is a cryptocurrency that uses a faster payment confirmation schedule and a different cryptographic algorithm than Bitcoin.
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.
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.
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.
Like Bitcoin, Litecoin has a fixed supply: there will only ever be 84 million LTC.
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.
You can buy Litecoin through several crypto exchanges, including Coinbase.
Released: October 2011
Assets with the biggest change in unique page views on coinbase.com over the past 24 hours.
The price of 1 Litecoin currently costs $83.33.
The current market cap of Litecoin is $5.98B. A high market cap implies that the asset is highly valued by the market.
The all-time high of Litecoin is $412.96. This all-time high is highest price paid for Litecoin since it was launched.
Over the last 24 hours, the trading volume of Litecoin is $636.30M.
The current circulating supply of Litecoin is 72 million.
The median time that Coinbase customers hold Litecoin before selling it or sending it to another account or address is 101 days.
Litecoin ranks 8 among tradable assets on Coinbase. Popularity is currently based on relative market cap.
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.
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.