Mar 21, 2018 - 10:54:01 AM UTC
Value and price movement of LTC is different in USD and BTC markets.
Price has moved 8.4% (USD) or 1.48% (BTC) in the last 24h.
Market Cap Rank: 5. of 1000+
Litecoin trading volume was 508,699,000 USD in the last 24h with circulating supply of 55,723,526 LTC.
Litecoin (LTC) Price graph
Litecoin (LTC) price in fiat
About Litecoin (LTC)
Litecoin is a peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world. Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, liquidity and trade volume, Litecoin is a proven medium of commerce complementary to Bitcoin.
Litecoin was actually one of the first forks of Bitcoin. Its creator, Charlie Lee, was a former Google employee and created Litecoin when he got into cryptocurrency.
The Litecoin blockchain is capable of handling higher transaction volume than 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 if they chose to.
Litecoin is an open source software project released under the MIT/X11 license which gives you the ability to run, modify, and copy the software and to distribute it at your option. The software is released in a transparent process that allows for independent verification of binaries and their corresponding source code.
Litecoin Wallet encryption allows you to secure your wallet just like Bitcoin, so that you can view transactions and your account balance, but are required to enter your password before spending litecoins.
This provides protection from wallet-stealing viruses and trojans as well as a sanity check before sending payments.
Litecoin is created at 4 times the rate of Bitcoin and there will be an ultimate total of 84 Million coins.
We believe Litecoin is one of the most used cryptocurrencies and is here to stay and will continue to play an important role in further cryptocurrency and digital asset development.