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Litecoin price

(LTC / USD)

Market stats

$3.9B

$456.5M

-6.94%

70.6M LTC

84% of total supply

98 days

76% buy
24% sell

#16

$412.96

-0.31%

-2.7%

+5.21%

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About Litecoin

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

Litecoin is on the rise this week.

The price of Litecoin has risen by 5.21% in the past 7 days. The price declined by 2.70% in the last 24 hours. In just the past hour, the price shrunk by 0.31%. The current price is $55.75 per LTC. Litecoin is 86.50% below the all time high of $412.96.

The current circulating supply is 70,597,718.778 LTC.

Litecoin on social media.

Litecoin was mentioned in 2,637 out of 1,619,396 social media posts on Twitter and Reddit on Jun 26, 2022. 3,192 unique individuals are talking about Litecoin and it is ranked #64 in most mentions and activity from collected posts.

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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.

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