Litecoin

#6
Price: $120.898
Change(24h):
+ 1.97%
Volume(24h): $276,493,000
Market Cap: $6,855,889,599
Created in 2011 Litecoin is a peer-to-peer cryptocurrency with an open source decentralized network. Designed to be a globally recognized means of payment and a direct competitor of Bitcoin, Litecoin is one of the top 10 cryptocurrencies with a market cap equal to around one-fifth of Bitcoin’s. Litecoin developers claim it offers faster transaction confirmation than Bitcoin. Another advantage is that Litecoin uses script in its Proof-of-Work (PoW) algorithm, which makes mining difficult to monopolize, which is the case with Bitcoin. The Litecoin network is scheduled to produce up to four times as many units as Bitcoin.

Latest Hight: $182.88

Litecoin Markets

# Source: Pair: Price:
1
Binance
LTC/BTC
$146.0178456
2
OKEx
LTC/BTC
$146.51013936
3
Binance
LTC/USDT
$145.5561954
4
Huobi
LTC/USDT
$145.8962566
5
OKEx
LTC/USDT
$146.494664294
6
Bitfinex
LTC/BTC
$146.30794728
7
Bithumb
LTC/KRW
$212.708215896875
8
GDAX
LTC/BTC
$146.369484
9
GDAX
LTC/EUR
$147.73111352916
10
Huobi
LTC/BTC
$146.37827496

Litecoin - the mother of Altcoins

  • Launched: October 2011
  • Based in: China
  • Founders: Chalie Lee
 

Litecoin's place in the digital economy

Some digital currency enthusiast communities consider Litecoin to be the better version of Bitcoin. It is a scalable and fully decentralized digital currency that allows global network payments within short confirmation times and nearly instant transaction widows. Thanks to the technology utilized, the transactions are executed at low fees and additionally provide a storage facility with improved architecture for faster and more secure transactions management. The platform’s software runs an open-source code within the MIT/X11 license.

In 2017, Litecoin enjoyed a solid growth in value as its market price jumped from about USD 4-5 at the start of the year to over USD 350 by mid-December 2017, which measures a more than 8000% increase. This might be a result of the Bitcoin boom that practically dragged other major cryptocurrencies up the price charts. Ever since the rapid growth of the crypto market in December and the succeeding price decrease in January 2018, Litecoin provides a stable increase in its value, which can be used as a verification of the importance of the digital asset in the economy. Due to its flexibility in terms of transaction times that are nearly four times faster than those of Bitcoin, an increasing amount of investors are interested in the use of Litecoin. Analysts predict an approximate 350% return on investment within five years.

 

No longer the "Silver" of Bitcoin? Litecoin as the digital money of choice

The comparison between Litecoin and Bitcoin is an important topic within the cryptocurrency communities. Starting as a fork in the Bitcoin Blockchain network, Litecoin has rapidly developed independent technology and utilized different algorithms for its digital transfer and payment engine. The Litecoin platform uses Scrypt algorithm, which initially powered the coin’s mining through Graphic cards and GPUs. With a maximum supply of 84 million Litecoins (four times more than Bitcoin), the current amount of coins in circulation is around 55 million.

LTC is generally intended to be a lightweight version of Bitcoin, but in its development, the platform applies numerous innovative technology solutions which further improve connectivity matters and transaction times.

 

The path of Litecoin in the digital economy. Where is it heading to?  

Following its solid growth in both value and popularity in 2017, Litecoin is on the path to further strengthen its position as a means of digital payments. Generally adopted by users and businesses alike, LTC is proving itself as a stable transaction tool that ensures fast and secure digital transfers within a working Bitcoin-based Blockchain system. The start of 2018 was marked by south-going price charts of the cryptocurrency economy. But the crypto communities see LTC as a coin that has the ability to overlive market quakes and to enjoy a growth in price during the second half of 2018. During 2017, LTC experienced a growth in its value of around 5000%.