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LTC Price Live Data

The live Litecoin price today is $165.59 USD with a 24-hour trading volume of $2,525,283,693 USD. Litecoin is up 0.91% in the last 24 hours. The current CoinMarketCap ranking is #11, with a live market cap of $11,053,709,917 USD. It has a circulating supply of 66,752,415 LTC coins and a max. supply of 84,000,000 LTC coins.

If you would like to know where to buy Litecoin , the top exchanges for trading in Litecoin are currently Binance, Huobi Global, ZG.com, OKEx, and Bybit. You can find others listed on our crypto exchanges page.

What Is Litecoin (LTC)?

Litecoin (LTC) is a cryptocurrency that was designed to provide fast, secure and low-cost payments by leveraging the unique properties of blockchain technology.

The cryptocurrency was created based on the Bitcoin (BTC) protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments.

Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011. Since then, it has exploded in both usage and acceptance among merchants and has counted among the top ten cryptocurrencies by market capitalization for most of its existence.

The cryptocurrency was created by Charlie Lee, a former Google employee, who intended Litecoin to be a «lite version of Bitcoin,» in that it features many of the same properties as Bitcoin—albeit lighter in weight.

Who Are the Founders of Litecoin?

As we previously touched on, Litecoin was founded by Charlie Lee, an early cryptocurrency adopter and a name held in high regard in the cryptocurrency industry.

Charlie Lee, also known as “Chocobo,” is an early Bitcoin miner and computer scientist, who was a former software engineer for Google. In addition, Charlie Lee held the role of director of engineering at Coinbase between 2015 and 2017 before moving on to other ventures.

\ Today, Charlie Lee is an outspoken advocate of cryptocurrencies and is the managing director of the Litecoin Foundation—a non-profit organization that works alongside the Litecoin Core Development team to help advance Litecoin.

Besides Lee, the Litecoin Foundation also includes three other individuals on the board of directors: Xinxi Wang, Alan Austin and Zing Yang — all of which are accomplished in their own right.

What Makes Litecoin Unique?

Behind Bitcoin, Litecoin is the second most popular pure cryptocurrency. This success can be largely attributed to its simplicity and clear utility benefits.

As of January 2021, Litecoin is one of the most widely accepted cryptocurrencies, and more than 2,000 merchants and stores now accept LTC across the globe.

Its main benefit comes from its speed and cost-effectiveness. Litecoin transactions are typically confirmed in just minutes, and transaction fees are nearly negligible. This makes it an attractive alternative to Bitcoin in developing countries, where transaction fees may be the deciding factor on which cryptocurrency to support.

In late 2020, Litecoin also saw the release of the MimbleWimble (MW) testnet, which is used to test Mimblewimble-based confidential transactions on Litecoin. Once this feature is available on the mainnet, Litecoin users will also benefit from greatly enhanced privacy and fungibility.

Related Pages:

Check out Bitcoin (BTC) — the original cryptocurrency.

Check out Nano (NANO) — another lightweight, fast cryptocurrency.

Get up to date with the latest Litecoin updates and discussion.

Subscribe to the CoinMarketCap blog for the latest cryptocurrency news and updates.

How Many Litecoin (LTC) Coins Are There in Circulation?

Like most proof-of-work (POW) cryptocurrencies, the amount of Litecoin in circulation gradually increases with each newly mined block.

As of January 2021, 66.245 million LTC have already been mined out of a total maximum supply of 84 million. The Litecoin Foundation recently estimated it will be well over 100 years until Litecoin reaches full dilution (around the year 2140) — since the number of LTC mined per block decreases every four years as part of the block reward halving schedule.

Around 500,000 LTC was instamined on day one after the LTC genesis block was mined and Charlie Lee and presumably other early Litecoin developers were among the first miners.

Despite this, as a fairly distributed asset, the Litecoin developers or Charlie Lee do not receive any direct profits from the operation of Litecoin—other than anything they may earn as part of the regular mining process.

How Is the Litecoin Network Secured?

As a blockchain-based cryptocurrency, Litecoin is secured by incredibly strong cryptographic defenses — making it practically impossible to crack.

Like Bitcoin and several other cryptocurrencies, Litecoin uses the PoW consensus algorithm to ensure transactions are confirmed quickly and without errors. The combined strength of the Litecoin mining network prevents double-spends and a range of other attacks, while ensuring the network has 100% uptime.

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Litecoin (LTC)

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Litecoin Price and Market Stats

Litecoin Price

LTC Price	$166.42
Market Cap	$11,160,272,691
Market Cap Dominance	0.69%
Trading Volume	$3,502,038,807
Volume / Market Cap	0.3158
24h Low / 24h High	$161.41 / $173.52
7d Low / 7d High	$160.84 / $179.21
Market Cap Rank	#11
All-Time High	$410.26 -59.4% May 10, 2021 (about 1 month)
All-Time Low	$1.15 14390.2% Jan 14, 2015 (over 6 years)

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164.98001 USD

#	Exchange	Pair	Price	Spread	+2% Depth	-2% Depth	24h Volume	Volume %	Last Traded	Trust Score
*	0.18%	$1,249,416	$713,968	2450.517 LTC	0.01%	**about 1 hour ago
*	0.004496 BTC	0.09%	$537,537	$554,478	6173.070 LTC	0.03%	Recently
1	7967.228 LTC	0.04%	Recently
2	165.725 USDT	0.06%	$4,597,068	$4,643,410	39323.995 LTC	0.19%	Recently
3	165.45 USD	0.08%	$4,530,732	$4,192,580	38851.950 LTC	0.18%	Recently
4	0.00449325 BTC	0.12%	$4,037,199	$4,542,949	3340.815 LTC	0.02%	Recently
5	0.0045223 BTC	0.07%	$4,141,808	$2,232,648	55201.096 LTC	0.26%	**about 2 hours ago

Litecoin Price & Market Data

Litecoin price today is $166.36 with a 24-hour trading volume of $3,550,926,167 . LTC price is up 1.1% in the last 24 hours. It has a circulating supply of 67 Million LTC coins and a max supply of 84 Million. If you are looking to buy or sell Litecoin, BTSE is currently the most active exchange.

What is Litecoin?

Litecoin (LTC) is a cryptocurrency that is largely similar to Bitcoin. Fundamentally, Litecoin is also a decentralized cryptocurrency which utilizes similar protocols as Bitcoin except for a few parameter tweaks. Much like Bitcoin, Litecoin also relies on proof-of-work for consensus and operates on a permissionless peer-to-peer network where users are able to transfer funds to one another without the need to rely on any central authority.

Who created Litecoin?

Litecoin was created by Charlie Lee in October 2011 as a spinoff of Bitcoin, and is considered as one of the early alternative cryptocurrencies (altcoins). Litecoin aims to be the “Silver to Bitcoin’s Gold” by taking on the best innovations of Bitcoin with a more lightweight approach to achieving Bitcoin’s noble goals.

The first block of the Litecoin network, or the Genesis Block, was mined on the 7th of October 2011.

What is Litecoins’ value?

Litecoin (LTC) is one of the top-10 cryptocurrencies, and is traded in over 300+ exchanges integrated with CoinGecko. The most common trading pairs are against Bitcoin (LTC/BTC) and Tether (LTC/USDT).

Much like Bitcoin, Litecoin also does not have a set exchange rate in the beginning, so its price is fully determined by the markets’ perceived value by supply & demand.

It is also worth noting that the block rewards of Litecoin follow the same halving schedule as Bitcoin, going from 50 LTC to 25 LTC, to 12.5 LTC and so on every 4 years. The next Litecoin halving is expected to happen sometime in 2023, where the block reward decreases from 12.5 LTC to 6.25 LTC per block.

How is Litecoin different from Bitcoin?

While Litecoin was created by cloning Bitcoin’s codebase, there are several key differences:

Block time. The Litecoin Network targets a block time of 2.5 minutes, while the Bitcoin network targets a block time of 10 minutes. This means that transactions can confirm faster compared to Bitcoin, and the network has a higher throughput.

Maximum supply. The Litecoin protocol states that there can be a maximum of 84 million Litecoin, while Bitcoin has a maximum supply of 21 million Bitcoin.

Proof-of-Work Algorithm. Litecoin uses a different proof-of-work algorithm called Scrypt, while Bitcoin uses the SHA-256 algorithm. Scrypt is a memory-hard algorithm which was initially created to be ASIC-resistant.

Address. Litecoin addresses start with either “L” for legacy, non-Segwit addresses or “M” for Segwit-enabled addresses. Bitcoin addresses start with either “1”, “3” or “bc1”.

Litecoin Development

Since its inception, Litecoin has closely followed Bitcoin closely. Litecoin’s core protocol updates are mostly based on Bitcoin’s core protocol updates.

At the height of the scaling debate in 2017, Litecoin was the first among the top 5 proof-of-work cryptocurrencies to adopt Segwit in May 2017, with Bitcoin following a few months later in August 2017.

In 2019, Litecoin creator Charlie Lee announced that Litecoin will be planning for private transactions using the Mimblewimble protocol (popularized by Grin and Beam). Development is currently underway and it was announced that testnet is expected to be available some time in September 2020.

How can I mine Litecoin?

Litecoin uses the Scrypt algorithm, a memory-hard algorithm that was initially designed to be resistant to Application Specific Integrated Circuit miners (ASICs). However in 2014 the Litecoin network eventually became dominated by ASICs as manufacturers began making Scrypt ASICs that overpowered CPU and GPU miners.

Mining Litecoin currently requires ASICs from manufacturers such as Innosilicon. Profitability from mining can be estimated using sites such as WhatToMine or ASICMinerValue. Do not forget factors such as Litecoin’s price, miner efficiency, electrical prices and more!

How do I keep my Litecoin safe?

Much like owning Bitcoin — if you lose the private keys to the wallets holding your Litecoin, it is lost permanently and it is unlikely that you will be able to retrieve them. As a decentralized, permissionless cryptocurrency, it is unlikely that you will be able to retrieve your Litecoin if you ever send it to an unintended address so do take note of that as well.

With that in mind, it is important to mitigate the risk of losing private keys or having your coins sent over to unintended recipients. Both can happen in the case of a computer compromised by malware or spywares, so it is important that you have sufficient measures to guard against that, such as using anti-virus softwares and practicing safe browsing habits (don’t click on suspicious links!).

Another additional measure that can help safeguard your cryptocurrencies is also to make use of hardware wallets such as Trezor and Ledger. These devices essentially isolate your private keys (a.k.a your Litecoin balance) onto an external device so that hackers do not have access to it without passphrases that only you as a user have.

It is important to note that properly securing cryptocurrencies is very much like being your own bank, and quite literally — if you lose access to your private keys without a backup, there is most likely no way to recover your funds. Make sure to always have backup copy (or copies) in secure & secret locations.

Are there any Litecoin Derivatives?

Yes, there are — the crypto derivatives market is heating up with many cryptocurrencies joining the scene. Litecoin is no exception and you can choose to trade Perpetual Swaps or Futures across many derivative exchanges such as BitMEX, Binance Futures, FTX and many more. Check out the full list of derivative products or derivative exchanges!

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