Litecoin (LTC) is a digital currency that uses blockchain technology’s special features to make payments fast, safe, and cheap.
Learn more about this project by reading our in-depth look at Litecoin.
The cryptocurrency was built on the Bitcoin (BTC) system, but it is different from Bitcoin (BTC) in a few ways, such as the hard cap, the amount of time it takes to process block transactions, and the hashing algorithm it uses. Litecoin is great for microtransactions and point-of-sale transactions because the block time is only 2.5 minutes and transaction fees are very low.
On October 7, 2011, an open-source client for Litecoin was made available on GitHub. Five days later, on October 13, 2011, the Litecoin Network began to work. Since then, its popularity and merchant acceptance have grown like wildfire, and for most of its life, it has been one of the ten most valuable cryptocurrencies by market capitalization.
Related:Â Predictions for the price of Litecoin: Today’s LTC price, February 2, 2023
Charlie Lee, who used to work at Google, made Litecoin to be a “lite version of Bitcoin” because it has many of the same features as Bitcoin but is lighter.
LTC Price Today Date $99,60 LTC Price Forecast
The current live price of Litecoin is $99.74 USD, and its 24-hour trading volume is $608,165,139 USD. We keep the LTC to USD exchange rate up to date. Litecoin has gone down by 0.29% in the last 24 hours. CoinMarketCap is now ranked 13th, with a current market cap of $7,201,048,617 USD. It can hold up to 84,000,000 LTC coins, but only 72,199,603 LTC coins are in circulation right now.
