Cryptocurrencies: 24151
Markets: 92278
Market Cap: $3,597,361,398,400     
24h Vol: $316,655,814,603
1 Litecoin (LTC) Rank 20
$136.537231
Litecoin (LTC) Rank 20
Website Reddit Twitter
75,273,737 LTC

Litecoin (LTC)

Litecoin (LTC)

LTC

Litecoin (LTC) Price
$136.54

Litecoin (LTC) 24h Vol
$2,623,559,582

Litecoin (LTC) Market Cap
$10,277,667,657

Litecoin (LTC) Circulating
75,273,737

Full Name
Litecoin (LTC)
Symbol
LTC
Algorithm
Scrypt
BTC Price
0.00139401 BTC
BTC Market
104,933 BTC
BTC 24h Vol
26,786 BTC
Total Coins Mined
75,273,737 LTC
1h
-1.2 %
24h
7.74 %
7d
41.78 %
Charts

Litecoin (LTC)
Litecoin (LTC)

Description

Litecoin LTC - provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have - which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. Litecoin is in second spot to Bitcoin and has spawned numerous clones - however it has a solid base of support and dedicated development team.

The Litecoin project is currently maintained by a core group of 6 software developers, led by Charles Lee, with a large community that is growing in support.

In May 2017, Litecoin became the first of the Top 5 (By Market Cap) cryptocurrencies to implement the SegWit scaling solution. Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second.

Full Name Litecoin (LTC)
Start Date N/A
Algorithm Scrypt
Proof Type PoW
Website litecoin.com
Twitter @litecoin
Facebook www.facebook.com/litecoincommunity/
Reddit www.reddit.com/r/litecoin/
Block Number 1682872
Block Time 150
Block Reward 12
Total Coins Mined 75,273,737 LTC
Previous Total Coins Mined 63,009,952
Net Hashes Per Second 387,243,283,036,302.81 H/s
Technology

- Faster transaction confirmations (2.5 minutes on average)

- Scrypt-based mining proof-of-work algorithm

- 84 million litecoins

- Higher transaction volume than Bitcoin

- MIT/X11 license

 

Features

Litecoin is an open source software project released under the MIT/X11 license which gives you the power to run, modify, and copy the software and to distribute, at your option, modified copies of the software. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.

Miners are currently awarded with 25 new litecoins per block, an amount which gets halved roughly every 4 years (every 840,000 blocks). The Litecoin network is therefore scheduled to produce 84 million litecoins, which is 4 times as many currency units as Bitcoin.

The Litecoin blockchain is capable of handling higher transaction volume than its counterpart - Bitcoin. Due to more frequent block generation, the network supports more transactions without a need to modify the software in the future. As a result, merchants get faster confirmation times, while still having ability to wait for more confirmations when selling bigger ticket items.

Litecoin (LTC) News
Litecoin Experiences Growth in Active Addresses and Market Interest

Litecoin Experiences Growth in Active Addresses and Market Interest

Litecoin recorded 401,000 daily active addresses in 2024, a 10% increase. Grayscale Investments continues to accumulate Litecoin, enhancing its market position. Continue Reading:Litecoin Experiences Growth in Active Addresses and Market Interest The post Litecoin Experiences Growth in Active Addresses and Market Interest appeared first on COINTURK NEWS.

access time image 12-23-2024 18:44

Bloomberg Analysts Predict Litecoin and Hedera ETF Approval Before Solana and XRP

Bloomberg Analysts Predict Litecoin and Hedera ETF Approval Before Solana and XRP

Analysts predict Litecoin and Hedera ETFs may be approved first. Legal issues hinder the approval of Solana and XRP ETFs. Continue Reading:Bloomberg Analysts Predict Litecoin and Hedera ETF Approval Before Solana and XRP The post Bloomberg Analysts Predict Litecoin and Hedera ETF Approval Before Solana and XRP appeared first on COINTURK NEWS.

access time image 12-18-2024 01:14

Crypto Analyst Issues Warning on Aave and Litecoin

Crypto Analyst Issues Warning on Aave and Litecoin

A popular analyst warns about Aave and Litecoin's market positions. Social media interest in Aave suggests a potential short-term decline. Continue Reading:Crypto Analyst Issues Warning on Aave and Litecoin The post Crypto Analyst Issues Warning on Aave and Litecoin appeared first on COINTURK NEWS.

access time image 12-15-2024 11:14

Market Analysts Anticipate Potential Surge in Litecoin (LTC)

Market Analysts Anticipate Potential Surge in Litecoin (LTC)

Market analysts predict a potential rise in Litecoin (LTC) prices. Bitcoin's performance may affect Litecoin’s future movement. Continue Reading:Market Analysts Anticipate Potential Surge in Litecoin (LTC) The post Market Analysts Anticipate Potential Surge in Litecoin (LTC) appeared first on COINTURK NEWS.

access time image 12-05-2024 17:44

Traders Capitalize on Litecoin’s Price Surge for Significant Gains

Traders Capitalize on Litecoin’s Price Surge for Significant Gains

Litecoin's price surge led to significant profits for traders. Increased market activity and trading volume highlighted cryptocurrency interest. Continue Reading:Traders Capitalize on Litecoin’s Price Surge for Significant Gains The post Traders Capitalize on Litecoin’s Price Surge for Significant Gains appeared first on COINTURK NEWS.

access time image 12-04-2024 11:14

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