Litecoin
LitecoinLTC76.00$ +-1.99%

A peer-to-peer electronic cash

23 Rank
3.69B$ Market cap
40.94M$ 24H Volume

LTC price live chart

76.00$-1.99%
Litecoin Price statistic
Litecoin price today
Litecoin price
76.00 $
Price change (24h)
1.99% -1.55 $
Trading volume (24h)
40.94M $
Market Dominance
0.35%
Market rank
#23
Litecoin price history
All Time High
May 10 2021 (1 year ago)
81.41% 410.00 $
Litecoin Market Cap
Market Cap
3.69B $
Fully Diluted Market Cap
4.34B $
Litecoin Supply
Circulating Supply
71.40M LTC
Liquid Supply
71.41M LTC

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Store & Transfer LTC safely

Cropty is a convenient mobile app to store, transfer and receive Litecoin safely. Cropty supports multiple networks and cryptocurrencies. Investing in LTC becomes easy with Cropty wallet.

Monitor your LTC balance in USD

You can track your Litecoin value in 10 fiat currencies: USD ($), RUB (₽), EUR (€), INR (₨), THB (฿), KRW (₩), UAH (₴), GEL (₾), TRY (₺), GBP (£), BRL (R$).

Receive LTC in BNB network

Cropty cryptocurrency wallet supports Bitcoin, Ethereum, BNB Chain, Polygon and Tron networks. To receive Litecoin in Binance smart chain (BEP-20) network, just download the app, sign up and share your public address or QR-code with th sender.

Send Litecoin by mobile phone number with 0% fee

No more confusion with crypto public addresses: in the Cropty cryptocurrency wallet you can send Litecoin just by mobile phone number, QR-code and even a nickname! Make instant zero-fee Litecoin transfers in your usual ways.

LTC wallet mobile app for iOS and Android

Get access to Litecoin right in your mobile phone or any browser. Cryptocurrency investments wallet is already available for Android and iOS. Download Cropty to invest in Litecoin online.

Litecoin basics

Name

Litecoin

Category

Payments

What is Litecoin?

Litecoin is a fork of Bitcoin's codebase with four times faster block times and a four times larger supply. The project considers itself complementary to Bitcoin as a silver to Bitcoin's gold. It is often used as a pseduo-testnet for Bitcoin, adopting new protocol changes before they are deployed on Bitcoin.

Litecoin token type

Token name

LTC

Token type

Native

Token uses

Payments

What is Litecoin used for in 2022?

LTC is used as a native currency within the Litecoin network. LTC can be used for peer-to-peer payments and value storage within the Litecoin network. With its faster block times, Litecoin aims to offer higher on-chain throughout and quicker confirmation times than Bitcoin. However, similar to Bitcoin, Litecoin plans to ultimately scale using layer 2 solutions such as the lightning network.

Litecoin ecosystem
User photo
Lightning Labs
Lightning Labs is developing Lightning, an overlay network built on top of an existing blockchain protocol.
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Litecoin history and first price

Launch style

Fair Launch

When did Litecoin launch?

Litecoin initiated a 150 coin pre-mine, coins rewarded for mining the genesis block and 2 subsequent blocks, which were initially reserved for project development bounties. Its genesis block was on 10/7/2011.

How did Litecoin come about?

Created in October 2011 by ex Google and Coinbase engineer, Charlie Lee, Litecoin is a fork of Bitcoin's source code that posits itself as "a silver to Bitcoin's gold." Technically, Litecoin is nearly identical to Bitcoin with key differences relating to block time, supply, hashing algorithm, and initial distribution. Litecoin aimed to keep the best aspects of Bitcoin while making some optimizations for its use as a medium of exchange.

Notably, Litecoin implements 2.5 minute block times and an 84 million max supply. Charlie Lee's original thinking was that quicker block confirmations would increase transaction throughput and reduce the amount of time merchants would need for block confirmations. Additionally, he thought the 84 million max supply would prevent the coin from becoming too scarce and expensive. Litecoin uses Scrypt, a memory intensive hashing algorithm, in order to better allow individuals to mine Litecoin with commodity hardware (although ASICs have been developed for Litecoin mining over the past few years). Finally, Charlie Lee, recognizing the mistakes of the few altcoins launched prior to Litecoin, wanted Litecoin to be launched in a fair manner, electing to only do a 150 coin (3 block) premine to allow people to get in early.

Charlie Lee left Coinbase in June 2017 to head the Litecoin foundation, which stewards the Litecoin project, and finances Litecoin Core development.

Litecoin technology explained

Litecoin, the protocol, is a distributed, time-stamped ledger of unspent transaction output (UTXO) transfers stored in an append-only chain of 1MB data blocks. A network of mining and economic nodes maintains this blockchain by validating, propagating, and competing to include pending transactions (mempool) in new blocks. Economic nodes (aka "full nodes") receive transactions from other network participants, validate them against network consensus rules and double-spend vectors, and propagate the transactions to other full nodes that also validate and propagate. Valid transactions are sent to the network's mempool waiting for mining nodes to confirm them via inclusion in the next block.

Mining nodes work to empty the mempool usually in a highest-to-lowest fee order by picking transactions to include in the next block and racing against each other to generate a hash less than the target number set by Litecoin's difficulty adjustment algorithm. Litecoin uses a Proof-of-Work (PoW) consensus mechanism to establish the chain of blocks with the most accumulated “work” (a.k.a., energy spent on solved hashes) as the valid chain. Other network peers can cheaply verify the chain’s work.

Litecoin core contributors
Individuals
Companies
User photo
Charlie Lee
Creator of Litecoin
Charlie Lee is the creator of Litecoin and the former Director of Engineering at Coinbase.
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User photo
Litecoin Foundation
The Litecoin Foundation is a non-profit organization registered in Singapore with the mission is to advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies.
User photo
Litecoin Haus
Litecoin Haus is a private development haus for the Litecoin ecosystem.
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Litecoin supply limit

General Emission Type

Inflationary

Precise Emission Type

Decreasing Issuance

Is capped

Yes

Max supply

84000000

Litecoin supply curve details

Litecoin was created as a clone of Bitcoin meant to have four times the supply, as well as generate blocks four times as fast. Bitcoin's parameters were changed in order to achieve this, with the result that eventual supply will top out at no more than 84 million coins.

On average, Litecoin generates new blocks every 2.5 minutes, rewarding miners with 12.5 new LTC and the total transaction fees from the preceding block. Each block has a 1MB limit and block rewards are halved every 840,000 blocks (approximately 4 years). Litecoin's first halvings occurred on August 2015 and August 2019. The next halving will occur in August 2023.

Eventually, once the 84 million LTC hard cap has been reached, block rewards will transition entirely to transaction fees shifting the security model of the protocol to one based on demand for block space versus one based on demand for LTC. Similar to bitcoin, litecoin's supply dynamics are known with great precision, and the vast majority of all eventual coins will be minted in the first two decades.

Who funds Litecoin core development?
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Asymmetry Asset Management
The Asymmetry DAA (AAAX) targets practical business offerings geared toward the basic needs of users operating in the blockchain environment, or in other words, where sufficient scalability has been achieved.
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Block Ventures
Block Ventures is a venture capital firm investing in disruptive blockchain technology companies.
User photo
Bluefin Berkeley
At Bluefin Berkeley we are an investment fund that invests exclusively on ICOs tokens, Ventures and Projects based on Blockchain technologies, Cryptocurrencies and Digital currencies.
User photo
Coinbase Index Fund
Coinbase Index tracks the overall performance of the digital assets listed by Coinbase, weighted by market capitalization. The index level takes into account the ongoing increases in supply of each asset, not just changes in price.
User photo
CypherMines
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Digichain Capital
Digichain Capital, with a team experienced in both traditional and digital finance, is exclusively focused on investing in blockchain technologies. Digichain Capital manages two funds: investmet fund and venture capital fund.
User photo
Galaxy Digital
Galaxy Digital is a diversified, multi-service merchant bank dedicated to the digital assets and blockchain technology industry. Galaxy Digital’s multi-disciplinary team has extensive experience spanning investing, portfolio management, capital markets, operations, and blockchain technology. Galaxy Digital currently operates four distinct business lines, which include: Trading (arbitrage, macro, market making/OTC), Asset Management (management of external capital across passive and ecosystem funds), Principal Investing (private equity, venture, public equity, ICO investments, Pre-ICO investments, and liquid and illiquid cryptocurrencies), and Advisory (capital markets, M&A/restructuring, and technical consulting services to both start-ups and established institutions). Galaxy Digital’s CEO and Founder is Michael Novogratz.
User photo
Kenetic Capital
Kenetic is a proprietary trading and investment firm focused on digital assets and blockchain related companies. We have developed technology to facilitate our quantitative trading strategies and offer various digital asset related structured products to counterparts.
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Mutual Coin Capital
Mutual Coin Capital is a cryptocurrency fund management company offering investors the opportunity to participate in supporting emerging blockchain-based technologies. ​Our team of analysts and traders intelligently identify future drivers of value in the cryptocurrency space by assessing each project’s teams, technology, whitepapers, sustainability, problems solved, appropriate use of blockchain technology, and it’s token economics. To date, we have invested in companies helping people access cryptocurrencies, cross-border payments, enterprise blockchains and new protocols.
User photo
Parallax Digital
Parallax Digital is a professional services firm specializing in cryptoasset investments, blockchain consulting and token generation events. Parallax Digital has been involved in the crypto space since 2015 and operates SEC registered hedge funds focused exclusively on cryptoassets.
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Litecoin consensus

General consensus mechanism

Proof-of-Work

Precise consensus mechanism

Nakamoto Consensus

Targeted block time

2.5 min

How Litecoin works?

Consensus

Litecoin uses Nakamoto Consensus whereby the valid chain is the longest chain with the most accumulated proof-of-work. Consensus in Litecoin, and other systems using Nakamoto Conensus, is probabilistic because there is always a chance that a new, longer competing chain could emerge with more accumulated proof-of-work, that would invalidate the current chain.

Mining

Miners solve computational puzzles to generate new blocks using a Scypt algorithm. In this process, miners compete to generate a __hash __less than the target number set by Litecoin's difficulty adjustment algorithm. Similar to Bitcoin, the target difficulty level is adjusted every 2016 blocks; however, due to Litecoin's 2.5 minute block times, Litecoin's difficulty level adjusts more quickly than Bitcoin's.

Litecoin originally implemented the Scrypt algorithm for its memory intensive properties, which made it more resistant to ASICs; however, over time Litecoin's ASIC resistant properties have eroded with Scrypt-capable ASICs having been developed. Furthermore, in order to smooth individual miner revenue as mining has become more competitive, mining is now done in pools where participants contribute hash power to the pool and receive a proportional share of the profits if the pool finds a valid block.

Litecoin governance

Onchain governance type

No On-Chain Governance

What is Litecoin governance?

Litecoin developement is open to the open source community. Protocol development is governed by a proposal process whereby anyone in the open source Litecoin community can submit Litecoin Improvement Proposals ("LIPs"). After debate by the community, the Litecoin Core editors, whom are supported by the Litecoin foundation, accept or reject the proposals. Decisions from the process are written into the Litecoin specification, as well as the software that runs the network. Finally, protocol changes are “ratified” on-chain when the majority of the network adopts the upgrade and doesn’t break consensus.

Although Litecoin Core and the Litecoin Foundation are separate, they work closely together on the Litecoin project with the Litecoin Foundation providing funding to Litecoin core developers.

Who regulate Litecoin in 2022?

The Securities Framework Asset Ratings of the Crypto Rating Council (CRC) attributed the score of 1 out of 5 to Litecoin and provided the below summary:

  • Absence of a marketed token sale and corresponding marketing efforts
  • Decentralized development and usage

The CRC* is a member-owned and operated organization whose purpose is to assess if a crypto asset, or its development, issuance, and use have characteristics that make it more or less likely to implicate federal securities laws. According to the CRC framework, a score of 5 results when an asset appears to have many characteristics that are consistent with the Howey-test factors. A score of 1 results when an asset appears to have few characteristics that are consistent with the Howey-test factors.*

FAQ
1.What is the best app to store Litecoin?

Store Litecoin with Cropty cryptocurrency wallet by 3 simple steps:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account with Face ID or Touch ID security options.
  3. Transfer LTC from external wallet.
2. How can I receive Litecoin?

Receive Litecoin to your Cropty wallet by QR-code, phone number, e-mail and nickname:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account, set up a nickname.
  3. Click ‘Receive’ and follow the instructions.
3. How can I store Litecoin safely?

You can transfer your Litecoin holdings and store it safely with Cropty wallet. Cropty secures safety of your holdings through various verification options like using password, authenticator app, Face ID, Touch ID and backup codes. You can be sure no one can get access to you Litecoin holding except you.

4. How to start investing in Litecoin easily and securely?

Start investing in Litecoin with Cropty cryptocurrency wallet by 3 simple steps:

  1. Download the app from the Apple AppStore or Google Play, or open your browser wallet.
  2. Create your Cropty wallet account, set your authentication settings.
  3. Transfer LTC from external wallet.
5. Why should I choose Cropty to store and transfer Bitcoin?

The Cropty wallet provides the most convenient application for storing and transfering Litecoin. Cropty targets to become one the best crypto wallets for Android and iOS in 2022. Cropty provides convenient application and secure custodial services, built for crypto beginners, as well as for crypto-savvies.

6. How can I receive Litecoin as payment?

You can receive Litecoin as payment in Cropty wallet. It is a convenient mobile app to receive, store and transfer Litecoin LTC safely and instantly. Open Cropty app, click ‘Receive’, follow simple instructions and get your Litecoin holdings immediately.

7. How can I receive Litecoin donations?

You can receive Litecoin donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.

8. Can I send Litecoin without verification?

You can receive Litecoin donations instantly with Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Receive’ and follow simple instructions. Share your address with someone who wants to donate you in crypto.

9. How can I send Litecoin without fee?

You can send Litecoin instantly without fee in the Cropty wallet. Download Android or iOS app or open the web version, sign up, click ‘Send’, choose ‘Send via e-mail, phone number or nickname’ and follow simple instructions.

10. How to make money with Litecoin?
  1. Sign up to Litecoin wallet.
  2. Top up your balance with Litecoin.
  3. Store, trade or deposit your Litecoin.
  4. Get Litecoin deposit interest directly to your Cropty wallet.
USD to LTC converter
USD
$
LTC
coin
Litecoin Price statistic
Litecoin price today
Litecoin price
76.00 $
Price change (24h)
1.99% -1.55 $
Trading volume (24h)
40.94M $
Market Dominance
0.35%
Market rank
#23
Litecoin price history
All Time High
May 10 2021 (1 year ago)
81.41% 410.00 $
Litecoin Market Cap
Market Cap
3.69B $
Fully Diluted Market Cap
4.34B $
Litecoin Supply
Circulating Supply
71.40M LTC
Liquid Supply
71.41M LTC
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