Litecoin(LTC) Price

$99.21 +4.10%

Price of Litecoin(LTC) Today

The live price of Litecoin (LTC) is $99.21.The current market capitalization stands at $7.55B, with a 24-hour trading volume of $749.16M.Litecoin has experienced +4.10% in the last 24 hours and has a circulating supply of approximately 76.08M.These figures are updated in real-time to provide the most accurate market data.

Litecoin(LTC) Profile

Price Range (24h)

24h Low: $95.30 24h High: $99.67

• ATH: $410.26
• Price Change (1h): +0.69%
• Price Change (24h): +4.10%
• Price Change (7d): +9.95%
• Market Cap: $7.55B
• 24h Vol: $749.16M
• Circulating Supply: 76.08M
• Total Supply: 76.08M

About

What Is Litecoin?

Litecoin (LTC) is a decentralized, open-source cryptocurrency that was created in October 2011 by former Google engineer Charlie Lee. Designed as a “lighter” version of Bitcoin, Litecoin aims to provide fast, low-cost, and secure peer-to-peer transactions on a global scale. It was one of the first altcoins and remains one of the oldest and most established cryptocurrencies still in active use today.

Sometimes referred to as “digital silver” to Bitcoin’s “digital gold,” Litecoin maintains many of Bitcoin’s core features such as a fixed supply and decentralized mining, while offering faster block generation times and a different hashing algorithm. LTC can be bought on specialized exchanges and LTC can also be traded for using other cryptocurrencies.

Who Created Litecoin?

Litecoin was developed by Charlie Lee, a former Google engineer, with the goal of improving on Bitcoin’s perceived inefficiencies. His vision was to create a cryptocurrency that could process transactions more quickly and with lower fees in order to be more suitable for day-to-day payments. Litecoin has since grown into one of the most widely adopted cryptocurrencies in the world.

How Litecoin Works

Litecoin operates on a proof-of-work (PoW) consensus mechanism, similar to Bitcoin, but with a few key differences. It uses the Scrypt hashing algorithm, which is less resource-intensive and more accessible to a broader range of miners. The Litecoin network processes a new block approximately every 2.5 minutes, which is four times faster than Bitcoin’s 10-minute block time. This results in faster transaction confirmation and more frequent block rewards for miners.

Litecoin vs. Bitcoin

While Litecoin and Bitcoin share many similarities in terms of design, Litecoin is built for faster and cheaper transactions. Bitcoin’s block time is 10 minutes, whereas Litecoin’s is only 2.5 minutes, resulting in quicker confirmations. Litecoin also uses Scrypt instead of Bitcoin’s SHA-256 algorithm, which affects how mining is conducted.

Both coins have a capped supply: Bitcoin at 21 million, Litecoin at 84 million. But Litecoin’s larger supply and faster block times make it more suited for smaller, everyday transactions. In contrast, Bitcoin is increasingly positioned as a store of value.

LTC Tokenomics

Litecoin has a maximum supply of 84 million coins, four times the supply of Bitcoin. New LTC is generated through mining, with block rewards halving every four years - a built-in deflationary mechanism that slows the rate of issuance over time. The most recent halving occurred in August 2023 which reduced the reward to 6.25 LTC per block.

This predictable issuance schedule, along with capped supply and high liquidity, supports Litecoin’s long-term viability as both a payment method and an investment asset.

Litecoin(LTC) Price Movements ($)

Period	Amount Change	Change (%)
Today	+$3.90	+4.10%
7 Days	+$8.98	+9.95%
30 Days	+$10.43	+11.75%

Litecoin(LTC) Conversion Rate

1 LTC to USD
$99.21

FAQ

What is LTC used for?

LTC serves as the native cryptocurrency of the Litecoin blockchain and is used primarily for peer-to-peer payments and value transfers. Its speed and low transaction costs make it attractive for everyday purchases, remittances, and merchant services. Additionally, LTC is widely used for crypto trading, portfolio diversification, and payments on e-commerce platforms that accept digital currencies.

How is Litecoin different from Bitcoin?

Litecoin was created as a “lighter” version of Bitcoin, with a faster block time (2.5 minutes vs. Bitcoin’s 10 minutes) and a different hashing algorithm (Scrypt vs. SHA-256). This results in quicker transaction confirmations and generally lower fees. Litecoin also has a total supply of 84 million coins, compared to Bitcoin’s 21 million.

Is Litecoin still being mined?

Yes. Litecoin uses a Proof-of-Work (PoW) consensus mechanism and continues to be mined. Miners earn rewards for validating blocks, and the block reward halves approximately every four years. As of the latest halving in August 2023, the current reward is 6.25 LTC per block.

Is Litecoin fast and cheap to use?

Yes, Litecoin is known for its speed and cost efficiency. Transactions typically settle in a matter of minutes, and fees are often less than a few cents. This makes LTC especially useful for smaller, everyday transactions compared to more congested networks like Bitcoin or Ethereum.

Where can I buy and store LTC?

You can buy LTC directly on Phemex. After acquiring LTC, it will be held in your Phemex spot wallet which boasts meticulous security mechanisms.