Litecoin (LTC) is a cryptocurrency that utilizes blockchain technology to provide fast, secure, and low-cost payments. It was developed using the Bitcoin (BTC) system but differs in its hard cap, block transaction timeframes, and hashing algorithm. With a block time of just 2.5 minutes and minimal transaction fees, Litecoin is ideal for point-of-sale and microtransactions.
Litecoin was released as an open-source client on GitHub on October 7, 2011, and the Litecoin Network became operational on October 13, 2011. Since then, it has gained significant popularity and acceptance among merchants, consistently ranking among the top ten cryptocurrencies by market capitalization.
Charlie Lee, a former Google employee, designed Litecoin to be a “lite version of Bitcoin” as it shares many of Bitcoin’s features but with a lower weight.
Current LTC Price DATE LTC USD Today 01 $81.68 LTC Price Prediction
As of now, Litecoin’s price is $81.69 USD, with a trading volume of $1,123,778,982 USD over the last 24 hours. The coin has increased by 12.74% in the last 24 hours and has a live market cap of $5,920,640,071 USD, ranking 16th on CoinMarketCap. The maximum quantity of LTC coins is 84,000,000, with a circulating supply of 72,474,527 LTC coins.
