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Coins: 2918
Exchanges: 235
Dominance:
BTC 53.0%
ETH 9.77%
BCH 3.58%
  • Market Cap
    $3,099,444,335
  • 24 Hour Trading Vol
    $598,516,449
  • 24h Low / 24h High
    $52.43 / $54.66
  • Available Supply
    58.8 Million / 84 Million How is this calculated?
LTC
USD

Litecoin (LTC)

1h
24h
7d
14d
30d
1y
-0.17%
-3.4%
2.8%
-9.6%
-2.8%
-12%

Litecoin Volume by Exchange

# Exchange Pair Price 24h Volume Volume %
1
Updated less than a minute ago
$52.15
59000 KRW
$83,789,714.28
1606731.679 LTC
13.46%
2
ZBG
Updated 11 minutes ago
$52.82
53.29 USDT
$65,763,456.53
1245089.430 LTC
10.56%
3
Updated 11 minutes ago
$52.84
0.00809195 BTC
$62,632,258.71
1185365.460 LTC
10.05%
4
ZB Trading Incentives
Updated 17 minutes ago
$52.93
53.38 USDT
$53,924,677.53
1018752.256 LTC
8.66%
5
OKEx Trading Incentives
Updated 4 minutes ago
$52.82
0.00809302 BTC
$25,600,113.95
484668.000 LTC
4.11%
Quick Stats
Litecoin Price £40.49
Litecoin Price (BTC) Ƀ0.00808002
Market Cap £2,379,824,648
Market Cap Dominance 1.46%
Trading Volume £459,987,270
24h Low / 24h High £40.27 / £41.78
Gecko Rank #7
Market Cap Rank #7
All-Time High £269.56
Since All-Time High
-85%
All-Time High Date 2017-12-18 (10 months)
1 Hour
-0.15%
24 Hours
-3.4%
7 Days
2.8%
14 Days
-9.6%
30 Days
-2.7%
60 Days
-8.8%
1 Year
-12%
Litecoin/Bitcoin Ratio 1 BTC = 123.76 LTC
Chain Info Beta (CryptoID, Blockchair)
Mining Difficulty 9,054,556.9510006
Total Blocks 1,511,390
Transactions per Second 0.29619
Number of Nodes 2,024
Median Transaction Fee 48.1024532399987 LTC
Median Block Size 16.4 KB
Links
Homepage litecoin.org
Blockchain/Supply explorer.litecoin.netlitecoinblockexplorer.net
Discussion Forum litecointalk.orgbitcointalk.org
Misc. Info
Genesis Date October 08, 2011 (about 7 years)
Hashing Algorithm Scrypt
Hashrate 234 TH/s
Block Time 2.5 minutes
Available/Total Supply 58.8 Million / 84 Million How is this calculated?
Complete Metrics Score
72%
Total
Major Exchanges Trading Activity
87%
Liquidity
Source Code Repository Activity
77%
Developer
Social Media & Discussion Board
59%
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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