Stay up-to-date with the latest Litecoin (LTC) crypto coin price, market cap, and chart data to make informed decisions about your cryptocurrency investments.
Current Litecoin (LTC) Crypto Coin Value: $72.60
The present value of Litecoin (LTC) crypto coin stands at $72.60. This live price update will help you keep track of your Litecoin (LTC) investments and make timely decisions based on market movements.
With a market capitalization of $5,361,752,186.00, Litecoin (LTC) is an essential player in the cryptocurrency market. This section will provide insights into the overall market position of Litecoin (LTC) and its significance in the crypto ecosystem.
Litecoin (LTC) Price Fluctuation: -1.90% down in the Last 24 Hours
Over the past 24 hours, Litecoin (LTC) has undergone a -1.90% down price fluctuation. In this section, we'll analyze the factors contributing to these changes and discuss potential future trends for Litecoin (LTC).
Litecoin (LTC) Crypto Coin Performance Charts
Visualize the performance of Litecoin (LTC) coin with interactive and easy-to-read charts. Track price movements, trading volume, and other essential data to stay informed about the latest trends in the Litecoin (LTC) market.
Litecoin (LTC) Crypto Coin 24-hour Chart: Get a snapshot of Litecoin's performance over the last 24 hours.
Litecoin (LTC) Crypto Coin 7-day Chart: Analyze Litecoin's trends over the past week to understand its market behavior.
Litecoin (LTC) Crypto Coin 30-day Chart: Gain a broader perspective on Litecoin's performance with a monthly chart.
Litecoin (LTC) Crypto Coin Year-to-Date Chart: Review Litecoin's progress since the beginning of the year for a comprehensive analysis.
What is Litecoin (LTC) Crypto Coin
Staying informed about the latest Litecoin (LTC) crypto coin price, market cap, and charts is crucial for making well-informed decisions in the ever-changing world of cryptocurrencies. Keep an eye on these essential metrics to stay ahead of the game and maximize your returns on Litecoin investments.
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 minutes for Litecoin to generate a block or transaction in comparison to Bitcoin's minutes While this matters little to traders miners who use hardware to run Bitcoin's... Read More
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. Read Less
Litecoin (LTC)
