Litecoin ltc

-1.33 % $ 52.35
$51.77 24H Range $53.37
Market Data
Price $ 52.35
Volume $ 204,595,394.00
Volume / Market Cap 0.0548
Supply
Circulating Supply 71,301,658.23
Total Supply 84,000,000.00
Max Supply 84,000,000.00
Valuation
Market Cap $ 3,736,122,606.00
Fully diluted market cap $ 4,401,500,704.00
Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins. Why Litecoin? Litecoin is a cryptocurrency that has evolved from Bitcoin after its own popularity in the industry, this alternative, or ‘altcoin’ has emerged to allow investors to diversify their digital currency package, according to Investopedia. Litecoin is one of the most prominent altcoins and was created by former Google employee and Director of Engineering at Coinbase, Charlie Lee. Litecoin was the first to alter Bitcoin and the most significant difference is that it takes 2.5 minutes for Litecoin to generate a block, or transaction, in comparison to Bitcoin's 10 minutes. ‘While this matters little to traders, miners who use hardware to run Bitcoin's network cannot switch over to Litecoin. This keeps bigger mining conglomerates away from Litecoin because they cannot easily optimize their profits by swapping to another coin, contributing to a more decentralized experience. Litecoin also has bigger blocks, and more coins in circulation, making it more affordable and swift when transacting,’ Investopedia explained. As explained above, Litecoin can transact a lot faster than Bitcoin, but there are also a number of other characteristics that investors need to know before trading. Litecoin can handle higher volumes of transactions because of the capability of transacting faster and if Bitcoin attempted to transact on the scale of its altcoin, a code update would be needed. However, Litecoin’s blocks would be larger, but with more ‘orphaned blocks'. The faster block time of litecoin reduces the risk of double spending attacks - this is theoretical in the case of both networks having the same hashing power. Litecoin Technical Details: The transaction confirmation time taken for Litecoin is about 2.5 minutes on average (as compared to Bitcoin's 10 minutes). The Litecoin network is scheduled to cap at 84 million currency units. Litecoin has inspired many other popular alternative currencies (eg. Dogecoin) because of its Scrypt hashing algorithm in order to prevent ASIC miners from mining those coins. However it is said that by the end of this year, Scrypt ASIC will enter the mass market.
Litecoin (ltc) Price Chart
LTC/USD  -  LTC/ETH
0.44 %
886.76 LTC

Buy
LTC/USD
coin
Litecoin
LTC
$ 105.8700
BTC 0.0025449519
exchange
Bitfinex

Sell
LTC/ETH
coin
Litecoin
LTC
$ 44.472716
BTC 0.0025562346
exchange
Kraken

TA for LTC

1 min 5 min 15 min 1 hour 4 hour 1 day 1 week

54%
sell

14

Sell

9

Neutral

3

Buy
Saige prediction for ltc
Predicted Price: $0
Realised Price: $0
Predicted Price: $0
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News about Litecoin
Analyst Says One Crypto Asset Could Surge in October, With Entire Altcoin Market Loaded Like a Spring
dailyhodl.com • 2 days ago
Ethereum Co-Founder Reveals He Is Amassing Cardano, Polkadot and One Additional Smart Contract Altcoin – Here’s Why
dailyhodl.com • 3 days ago
Ethereum-Based Altcoin Soars 30% in One Week, Massively Outpacing Bitcoin and Overall Crypto Market
dailyhodl.com • 3 days ago
Crypto Analyst Warns Altcoins Could Crash by Up to 60% More – Here’s the Timeline
dailyhodl.com • 4 days ago
Crypto Trader Says One Altcoin That’s Exploded 120% This Month Is About To Nuke – Here’s His Target
dailyhodl.com • 4 days ago
Analytics Firm Santiment Says Crypto Whales Getting ‘Very Active’ on One Ethereum-Based Altcoin
dailyhodl.com • 4 days ago
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