Litecoin Information

Litecoin is often considered the silver to Bitcoin's gold, providing a faster transaction time and a different hashing algorithm to support more efficient mining. It was created by Charlie Lee in 2011 as a lighter version of Bitcoin, aiming to improve upon several perceived shortcomings. With its robust network and high liquidity, Litecoin continues to be a popular choice for traders and investors seeking a reliable alternative in the cryptocurrency space.

Litecoin

$118.67

Title : Litecoin
Symbol : ltc
Current Price $ : 118.67 $
High 24h : 124.5 $
Low 24h : 114.01 $
Price Change 24h : 0.84673 $
Price Change % 24h : 0.71862 %
Market Cap : 8943569204
Website : http://litecoin.org
Community : https://litecointalk.org/
Total Volume : 1002444807
Market Cap Change 24h : 64122470
Market Cap Change % 24h : 0.72214 %
Circulating Supply : 75444895.733471
Total Supply : 75445020.733471
Max Supply : 84000000
Last Updated : 2025-01-21 23:53
All Time High (ATH) : 410.26
ATH Change % : -71.13006 %
ATH Date : 2021-05-10 03:13
All Time Low (ATL) : 1.15
ATL Change % : 10209.66045 %
ATL Date : 2015-01-14 00:00

more information

The History and Evolution of Litecoin

Launched in October 2011 by Charlie Lee, a former Google engineer, Litecoin has established itself as one of the oldest and most stable cryptocurrencies in the market. Often referred to as the silver to Bitcoin's gold, Litecoin was designed to improve upon Bitcoin's limitations. Over the years, its technical advancements and strong community support have contributed to its success and longevity.

Technical Attributes: Speed and Efficiency

Litecoin offers several improvements over Bitcoin, most notably its faster transaction times and a different hashing algorithm. With a block time of just 2.5 minutes, compared to Bitcoin's 10 minutes, Litecoin processes transactions much quicker, making it more suitable for everyday transactions. Additionally, Litecoin uses the Scrypt hashing algorithm, which allows for a more decentralized mining process since it is more accessible for individual miners.

Advantages of Litecoin

One significant advantage of Litecoin is its robust infrastructure, which ensures quick and low-cost transactions. Its long history and the active development team have also contributed to its security and resilience in the ever-changing crypto market. Furthermore, Litecoin has a maximum supply of 84 million coins, which makes it four times the supply of Bitcoin, potentially allowing for more inclusive distribution.

Challenges and Limitations

Despite its strengths, Litecoin faces competition from newer cryptocurrencies that offer more advanced features or targeted niche markets. It has also struggled with branding and recognition compared to some of its more famous counterparts like Bitcoin and Ethereum. Another challenge is its correlation to Bitcoin's price movements, often experiencing similar market trends, which means it doesn't always provide the diversification investors might seek.

Past Performance: A Roller Coaster Ride

Litecoin's price history is quite volatile, with its all-time high reaching $410.26 in May 2021. Since then, it has seen significant price corrections, currently trading at around $69.88. However, its enduring presence since its inception highlights a certain level of confidence and continued interest from the cryptocurrency community.

Future Prospects

The future of Litecoin will depend on market conditions and technological developments. Given its stability and established infrastructure, it is likely to continue being a relevant player in the cryptocurrency space. Initiatives such as the MimbleWimble protocol, which aims to enhance privacy and scalability, could pave the way for further adoption and investment interest.

As with any cryptocurrency investment, potential investors should conduct thorough research and consider their risk tolerance before investing in Litecoin. Despite the challenges it faces, Litecoin's technological robustness and solid track record make it a noteworthy choice in the crypto ecosystem.

General Information
from price $119
Title Litecoin
Symbol ltc
Whitepaper -
Website http://litecoin.org
Community https://litecointalk.org/
Last Updated 2025-01-21 23:53

Price Data
Current Price $ 118.67 $
High 24h 124.5 $
Low 24h 114.01 $
Price Change 24h 0.84673 $
Price Change % 24h 0.71862 %

Market Data
Market Cap 8943569204
Total Volume 1002444807
Market Cap Change 24h 64122470
Market Cap Change % 24h 0.72214 %
Return on Investment (ROI) -

Supply and Availability
Circulating Supply 75444895.733471
Total Supply 75445020.733471
Max Supply 84000000

Historical Data
All Time High (ATH) 410.26
ATH Change % -71.13006 %
ATH Date 2021-05-10 03:13
All Time Low (ATL) 1.15
ATL Change % 10209.66045 %
ATL Date 2015-01-14 00:00