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Market Cap:  $351,098,812,26524h Vol:  $100,119,605,943BTC Dominance:  57.4%Cryptocurrencies:  7,106Markets:  29,464

Litecoin (LTC)

$48.25 USD (-1.26%)
0.00443208 BTC (-1.00%)
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  • Market Cap
    $3,159,885,799 USD
    290,229 BTC
  • Volume (24h)
    $1,989,157,015 USD
    182,700 BTC
  • Circulating Supply
    65,483,695 LTC
  • Max Supply
    84,000,000 LTC

About Litecoin

What Is Litecoin?

Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee, a former Google employee, in 2011. The cryptocurrency was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011.

Lee's intention behind Litecoin was to create a "lite version of Bitcoin," and its developers have always stated that Litecoin can be seen as the "silver" to Bitcoin's "gold." Litecoin differs from Bitcoin in its prioritization of transaction confirmation speed, which is about 2.5 minutes per block. However, Litecoin users may have to wait up to around 30 minutes for their transaction to be processed due to network congestion.

Litecoin is accepted at a variety of merchants, you can see an updated list on the Litecoin Foundation's website.

How Do You Mine Litecoin?

Unlike Bitcoin, Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins, meaning that you can still mine Litecoin on a Mac or on Windows either solo or via a pool, something no longer possible for Bitcoin mining. Scrypt, by design, is more accessible for users that want to mine via CPUs or GPU, as ASIC-based mining rigs are not suitable for Litecoin mining.

In the beginning, Litecoin block rewards were 50 Litecoin, but the block reward was halved in 2015 to 25, and will continue to halve until its hard cap of 84 million Litecoin is reached.

Where Can You Store Litecoin?

Litecoin can be stored like most cryptocurrencies either on an exchange or in a cold or hot storage wallet.

How Can You Buy Litecoin?

You can buy Litecoin at any exchange that supports the cryptocurrency. For the latest list of exchanges and trading pairs for this cryptocurrency, click on our market pairs tab. Remember to do your own research before choosing an exchange.

Litecoin Price

Litecoin Price$48.25 USD
Litecoin ROI
1,022.24%
Market Rank#10
Market Cap$3,159,885,799 USD
24 Hour Volume$1,989,157,015 USD
Circulating Supply65,483,695 LTC
Total Supply65,483,695 LTC
Max Supply84,000,000 LTC
All Time High
$375.29 USD
(Dec 19, 2017)
All Time Low
$1.11 USD
(Jan 14, 2015)
52 Week High / Low
$83.69 USD /
$25.57 USD
90 Day High / Low
$68.52 USD /
$40.66 USD
30 Day High / Low
$68.52 USD /
$47.63 USD
7 Day High / Low
$64.18 USD /
$47.63 USD
24 Hour High / Low
$64.18 USD /
$47.63 USD
Yesterday's High / Low
$49.48 USD /
$47.88 USD
Yesterday's Open / Close
$47.98 USD /
$48.88 USD
Yesterday's Change$0.896399 USD (1.87%)
Yesterday's Volume$1,701,721,113 USD
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