Litecoin current price is €72.60 with a marketcap of €5.19 B. Its price is -0.84% down in the last 24 hours.
- Litecoin (LTC)
- Live Price €72.60
- Market Cap €5.19 B
- Volume €494.30 M
- Available Supply 71.78 M LTC
- Rank 13
Technical analysis, backgrounds and info on this crypto coin
Besides Bitcoin Litecoin (LTC) is the major cryptocurrency (measured by market capitalisation). This cryptocurrency has become more and more popular over years. Given the plans for the future, many insiders have high expectations of the Litecoin (LTC) price. Of course you can trade and/or invest in Litecoin (LTC) as well. On this page you'll find basic statistics and characteristics of Litecoin. Furthermore you'll find info regarding the Litecoin price, basic technical analysis and a brief explanation of the story of Litecoin (LTC)
Current Litecoin (LTC) price
Please see below the Litecoin price chart as provided by our home broker.
Onchain Metrics Litecoin (LTC)
If you want to perform a technical analysis of Litecoin and decide whether it is the right time to trade or invest, please check the on-chain metrics as provided by our partners of Into the Block.
These On-chain metrics are updated once a day (rondabout 11 pm est, which is 5 am Dutch time). If you want to check the latest update, please dive deeper into the On-chain metrics of our metrics partner IntotheBlock.io.
Furthermore, we provide you with the price chart and historical data for Litecoin (LTC) at the bottom of this page. Before we get there, we provide you with the upcoming agenda as well as some backgrounds and info on Litecoin.
The Litecoin agenda
In order to provide you with an accurate overview of coming Litecoin agenda items and events, you'll find our Litecoin agenda below.
If you are interested in the agenda items for other cryptocurrencies and/or the most important economic items on the macro-economic agenda, please visit our calendar page.
What is Litecoin?
Litecoin is a cryptocurrency that has evolved from Bitcoin after its own popularity in the industry, this alternative, or ‘altcoin’ has emerged to allow investors to diversify their digital currency package, according to Investopedia. Litecoin is one of the most prominent altcoins and was created by a former Google employee and Director of Engineering at Coinbase, Charlie Lee. Litecoin was the first to alter Bitcoin and the most significant difference is that it takes 2.5 minutes for Litecoin to generate a block, or transaction, in comparison to Bitcoin's 10 minutes.
‘While this matters little to traders, miners who use hardware to run Bitcoin's network cannot switch over to Litecoin. This keeps bigger mining conglomerates away from Litecoin because they cannot easily optimize their profits by swapping to another coin, contributing to a more decentralized experience. Litecoin also has bigger blocks, and more coins in circulation, making it more affordable and swifter when transacting,’ Investopedia explained.
As explained above, Litecoin can transact a lot faster than Bitcoin, but there are also a number of other characteristics that investors need to know before trading. Litecoin can handle higher volumes of transactions because of the capability of transacting faster and if Bitcoin attempted to transact on the scale of its altcoin, a code update would be needed. However, Litecoin’s blocks would be larger, but with more ‘orphaned blocks. The faster block time of Litecoin reduces the risk of double spending attacks - this is theoretical in the case of both networks having the same hashing power.
Litecoin has inspired many other popular alternative currencies (e.g. Dogecoin) because of its Script hashing algorithm in order to prevent ASIC miners from mining those coins. However, it is said that by the end of this year, Script ASIC will enter the mass market.
Who created Litecoin?
Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Script proof of work mining algorithm. Script allows consumer-grade hardware such as GPU to mine those coins.
What is the purpose of Litecoin (LTC)?
The transaction confirmation time taken for Litecoin is about 2.5 minutes on average (as compared to Bitcoin's 10 minutes). The Litecoin network is scheduled to cap at 84 million currency units.
Litecoin (LTC) nowadays
Nowadays the Litecoin (EHT) Blockchain is the most used Blockchain. This is because of the fact that Litecoin allows third party developers to create their own unique smart contracts and dapps. Besides that, multiple tokens are using the Litecoin Blockchain. You can read more about these so-called ERC-20 tokens here (to come).
The future of Litecoin (LTC)
Litecoin (LTC) is developing into a further professionalization in order to maintain sizable. This project is called Litecoin 2.0. During the process authorization of transaction on the Blockchain will be changed from 'Proof of Work' into 'Proof of Stake'. If you want to learn more about Litecoin 2.0 you can find information here (to come).
Further technical analysis of this coin
For further technical analysis you’ll find the current price chart and overview of historical data at the bottom of this page. Do you need more on-chain metrics? You can find these on the site of our on-chain metrix partner IntotheBlock.
Do you want to trade in this crypto?
If you want to trade in this cryptocurrency you might consider to sign up with one of our home exchanges: Changelly, CEX.io or Binance. When your mother tongue is Dutch or French you might also consider Bitvavo. If you want to know more about choosing the right crypto exchange, please visit our crypto exchages page.
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