Litecoin Live Price

What is Litecoin?

Litecoin, abbreviated as LTC, is a peer-to-peer cryptocurrency launched by former Google employee Charlie Lee back in 2011. It is based on BTC's original source code, making it have plenty of similar qualities with Bitcoin. The difference is that LTC was designed for efficient everyday use and much cheaper transactions. While Litecoin requires a more refined technology, the participant is rewarded with faster processing speeds and higher number of transactions. LTC allows people to process financial dealings at up to four times quicker. It is a less expensive alternative to BTC that middle income earners can take advantage of in crypto. It is available for purchase and sale in seven currency exchanges globally. Fondly called the silver to BTC's gold, Litecoin is accepted by many merchants and developers alike, making it another accessible alt currency. It offers strong network effects despite its memory-intensive functionality and enjoys many advantages as an early mover in the market. Litecoin has a finite number in circulation like BTC. However, it is much higher than the latter, boasting about 84 million coins available—four times that of bitcoin. At the start of 2021, LTC is capped at about $10.1 billion, securing its spot as the sixth-largest crypto worldwide.

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How much is Litecoin worth?

Litecoin (LTC) is worth 105.54 USD as of March 15, 2022, 2:17 am UTC time. View the interactive graph to see how much Litecoin has changed in the last hour or historically. Litecoin is a cryptocurrency that uses a faster payment confirmation schedule and a different cryptographic algorithm than Bitcoin.