The current Litecoin (LTC) price is $83.95**, with a 24-hour trading volume of **$362.33 million. Over the past day, LTC has shown a 0.00% price change. Litecoin has a circulating supply of 76.03 million LTC and a maximum supply capped at 84 million LTC.
What Is Litecoin (LTC)?
Litecoin (LTC) is one of the oldest cryptocurrencies, created by Charlie Lee. As a fork of Bitcoin's source code, LTC shares many similarities with BTC but offers faster transaction times due to its reduced block generation time and a distinct cryptographic algorithm. Key advantages include:
- Lower transaction fees than Bitcoin
- Faster confirmations (2.5-minute block time)
- Wider adoption for digital payments
👉 Discover how Litecoin compares to other top cryptocurrencies
Brief History of Litecoin
Launched in October 2011, Litecoin introduced:
- Faster block generation (2.5 minutes vs. Bitcoin’s 10 minutes)
- Higher token supply cap (84 million LTC vs. Bitcoin’s 21 million)
- Modified hashing algorithm (Scrypt instead of SHA-256)
Developed by Charlie Lee, a former Google engineer, LTC aimed to be a "lighter version of Bitcoin." It consistently ranked among the top 10 cryptocurrencies by market cap for most of its history.
How Litecoin Works
Litecoin operates on a modified Bitcoin protocol with key differences:
| Feature | Litecoin (LTC) | Bitcoin (BTC) |
|---|---|---|
| Block Time | 2.5 minutes | 10 minutes |
| Algorithm | Scrypt | SHA-256 |
| Max Supply | 84 million LTC | 21 million BTC |
The network went live on October 13, 2011, five days after its GitHub release.
Use Cases for Litecoin
Litecoin is widely adopted for:
- Daily transactions: Over 2,000 global merchants accept LTC.
- Low-cost transfers: Near-zero fees make it ideal for cross-border payments.
- Emerging markets: Fast confirmations support real-time commerce.
👉 Explore Litecoin's real-world applications
FAQ Section
Q: Is Litecoin a good investment?
A: While LTC offers utility, always research market trends and diversify your portfolio.
Q: How do I buy Litecoin?
A: Purchase LTC on major exchanges like Crypto.com or OKX using fiat or other cryptocurrencies.
Q: What makes Litecoin different from Bitcoin?
A: LTC has faster transactions, lower fees, and uses the Scrypt algorithm instead of SHA-256.
Q: Can Litecoin reach $500?
A: Price depends on adoption and market conditions. Historical performance doesn’t guarantee future results.
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