Coins: 2728
Exchanges: 206
Dominance:
BTC 54.4%
ETH 10.5%
BCH 3.68%
  • Market Cap
    $3,183,269,344
  • 24 Hour Trading Vol
    $453,969,471
  • 24h Low / 24h High
    $52.18 / $54.62
  • Available Supply
    58.4 Million / 84 Million
LTC
USD

Litecoin (LTC)

24h
7d
14d
30d
60d
1y
1.7%
5.4%
-19%
-5.6%
-33%
5.0%

Litecoin Volume by Exchange

# Exchange Pair Price 24h Volume Volume %
1
Updated 6 minutes ago
$54.56
0.00848997 BTC
$98,595,136.66
1807006.718 LTC
21.37%
2
Zb ZB Trading Incentives
Updated 43 minutes ago
$55.07
214.78 ZB
$49,939,443.61
906757.514 LTC
10.84%
3
Okex OKEx Trading Incentives
Updated 5 minutes ago
$54.53
0.00849046 BTC
$33,543,844.86
615197.000 LTC
7.28%
4
Okex OKEx Trading Incentives
Updated 5 minutes ago
$54.49
54.3907 USDT
$29,469,246.19
540857.000 LTC
6.39%
5
Bitbox exchange BITBOX Trading Incentives
Updated 1 minute ago
$54.35
0.25938 ETH
$22,048,032.83
405655.962 LTC
4.78%
Quick Stats
Litecoin Price $54.57
Litecoin Price (BTC) Ƀ0.00849496
Market Cap $3,184,258,823
Trading Volume $450,232,403
24h Low / 24h High $52.18 / $54.62
Gecko Rank #4
Market Cap Rank #7
All-Time High $360.66
Since All-Time High
-85%
All-Time High Date 2017-12-18 (9 months)
24 Hours
1.5%
7 Days
5.5%
14 Days
-19%
30 Days
-5.6%
60 Days
-33%
1 Year
5.0%
Litecoin/Bitcoin Ratio 1 BTC = 117.72 LTC
Twitter Sentiment
Powered by iunera
Chain Info Beta (Blockchair, CryptoID)
Mining Difficulty 8,696,471.1742466
Total Blocks 1,494,594
Transactions per Second 0.31
Number of Nodes 2,023
Links
Homepage http://litecoin.org
Blockchain/Supply http://explorer.litecoin.net/chain/Litecoinhttps://litecoinblockexplorer.net/
Discussion Forum https://litecointalk.org/BitcoinTalk Thread
Misc. Info
Genesis Date October 08, 2011 (almost 7 years)
Hashing Algorithm Scrypt
Hashrate 249 TH/s
Block Time 2.5 minutes
Available/Total Supply 58.4 Million / 84 Million
Complete Metrics Score
73%
Total
Major Exchanges Trading Activity
83%
Liquidity
Source Code Repository Activity
80%
Developer
Social Media & Discussion Board
60%
Community
About

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.

Why Litecoin?
Litecoin is a cryptocurrency that has evolved from Bitcoin after its own popularity in the industry, this alternative, or ‘altcoin’ has emerged to allow investors to diversify their digital currency package, according to Investopedia. Litecoin is one of the most prominent altcoins and was created by former Google employee and Director of Engineering at Coinbase, Charlie Lee. Litecoin was the first to alter Bitcoin and the most significant difference is that it takes 2.5 minutes for Litecoin to generate a block, or transaction, in comparison to Bitcoin's 10 minutes.

‘While this matters little to traders, miners who use hardware to run Bitcoin's network cannot switch over to Litecoin. This keeps bigger mining conglomerates away from Litecoin because they cannot easily optimize their profits by swapping to another coin, contributing to a more decentralized experience. Litecoin also has bigger blocks, and more coins in circulation, making it more affordable and swift when transacting,’ Investopedia explained.

As explained above, Litecoin can transact a lot faster than Bitcoin, but there are also a number of other characteristics that investors need to know before trading. Litecoin can handle higher volumes of transactions because of the capability of transacting faster and if Bitcoin attempted to transact on the scale of its altcoin, a code update would be needed. However, Litecoin’s blocks would be larger, but with more ‘orphaned blocks'. The faster block time of litecoin reduces the risk of double spending attacks - this is theoretical in the case of both networks having the same hashing power.

Litecoin Technical Details:
The transaction confirmation time taken for Litecoin is about 2.5 minutes on average (as compared to Bitcoin's 10 minutes). The Litecoin network is scheduled to cap at 84 million currency units.

Litecoin has inspired many other popular alternative currencies (eg. Dogecoin) because of its Scrypt hashing algorithm in order to prevent ASIC miners from mining those coins. However it is said that by the end of this year, Scrypt ASIC will enter the mass market.

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