The article provides an overview of Litecoin (LTC), a cryptocurrency that utilizes blockchain technology to offer quick, secure, and cost-effective payments. Unlike Bitcoin (BTC), Litecoin has a hard cap, block transaction timeframes, and a distinct hashing algorithm. With a block time of 2.5 minutes and low transaction fees, Litecoin is suitable for microtransactions and point-of-sale transactions.
Litecoin was launched as an open-source client on GitHub on October 7, 2011, and the Litecoin Network was operationalized on October 13, 2011. Since then, Litecoin has gained widespread acceptance and popularity, and it has consistently been among the top ten cryptocurrencies by market capitalization.
Charlie Lee, a former Google employee, designed Litecoin to be a “lite version of Bitcoin” due to its similarities to Bitcoin but lower weight.
As of today, Litecoin’s price is $76.76 USD, with a 24-hour trading volume of $829,201,954 USD. The article provides a real-time update on LTC to USD price. Litecoin’s price has dropped by 9.83% in the last 24 hours, and it is currently ranked #16 by CoinMarketCap, with a live market cap of $5,578,074,959 USD. Litecoin has a maximum supply of 84,000,000 LTC coins and a circulating supply of 72,488,740 LTC coins.
