Verified OGs
8
CryptoFam
91
Projects
19866
BTC
$98323
-0.35%
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$3431.46
2.51%
ETH Gas
Low
Avarage
High
Data by Etherscan
Market Cap
3.573T
Fear&Greed
93

Litecoin

LTC
OG Rank: 58
Market Cap Rank: 26 ($7.69B)
ACTIVE
About

Litecoin offers faster transactions, minimal fees, and widespread acceptance, making it a top-tier cryptocurrency... Learn More

Founder
Charlie Lee
LTC Price

$102.21

24h 0.93%
7d -19.60%
All time low ($1.15)
($410.26) All time High

OG Score

Based on 1 OG evaluation

TBA

...

LINKS

OGAudit Evaluation Points

38.49
55.10
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
39.10
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
N/A
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
56.50
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
62.00
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
8.20
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
59.40
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
N/A
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
26.10
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
1.50
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?
38.49
55.10
Use Case & Tech

Use Case & Tech

Is this web3 project innovative and offers a unique solution to a problem that outperforms its competitors? Is the product or service as useful, fast and inexpensive as advertised? How robust is this network/contract and are there up-to-date technical audit reports from various reputable auditors? Was the network/contract halted before? Have there been any serious hack or exploits? If so, were the victims adequately compensated?
39.10
Promising and Growing

Promising and Growing

How realistic are the team's vision, mission, and goals? Does the team have a clear roadmap and consistently fulfill their promises? Can the team adapt to market changes and meet user demands?
N/A
Revenue Model

Revenue Model

Does the project have sustainable and diversified revenue income models? Additionally, does it possess sufficient resources to sustain its operations in the medium to long term?
56.50
TVL & Liquidity

TVL & Liquidity

Is the TVL (Total Value Locked) or staked assets on the platform at a sufficient rate compared to the market cap? Note: High TVL or staked assets generally indicate trust in the ecosystem or the smart contract. If there is a token, is there sufficient liquidity and volume in DeFi and CEX?
62.00
Tokenomics, Utility

Tokenomics, Utility

What is the token circulation ratio to maximum supply? What is the impact of mining, staking, and LP incentives on token inflation? Is the vesting schedule evenly spread over multiple years? What is the ratio of tokens held by the team and whales? Note: High inflation, low circulating supply, and significant whale/team token holdings are main reasons for low ratings.
8.20
Community & DAO

Community & DAO

Does the team value and prioritize community input and use on-chain voting for decisions? Is decision-making equitable, or do the whales have undue influence? Are diverse and local communities well-supported, with emphasis on quality interactions over quantity? Has there been a large-scale airdrop for the community?
59.40
Team & Partners

Team & Partners

Are the core team members experienced and transparent, or are they anonymous? Is the team large enough and experienced compared to similar projects, and are they actively recruiting new talent? Are partnerships strong and conducive to industry advancement? Does the ecosystem have growth potential?
N/A
Education and Support

Education and Support

Are there sufficient, clear, and up-to-date materials about the product/service in the webpage/whitepaper and community channels? Do they regularly share news/updates and host AMA sessions? Is the user retention rate high, are they professional and solution-oriented in terms of user support?
26.10
Marketing / Socials

Marketing / Socials

Are social media and marketing strategies effective and sustainable? Do they organize entertaining, educational, and rewarding events and campaigns? Can they create and spread quality viral content? Is their social media presence organic, or the follower count, and post engagements are manipulated by bots?
1.50
Gem Scope

Gem Scope

Considering all the points you have evaluated, especially the market cap, what is the potential of this project to be considered a 'gem'?

OG REVIEWS

Latest OG Reviews
High Ratings
Low Ratings
CryptoApe Wallet No:xxxx-5f294
25/09/2024 18:13
LTC @ $67.24
I wonder how long Litecoin will be able to survive with the argument 'THE CRYPTOCURRENCY FOR PAYMENTS' while other Layer1 solutions continue to innovate, becoming faster and cheaper every day.

Still, Litecoin is a battle-tested old network with strong backers and whales. But one thing for sure, the path ahead for $LTC will not be as easy as it was before! I'm out.
38.48

Litecoin Price

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Price Statistics

Litecoin Price $102.21

24h Low / 24h High $97.26 / $ 104.99

Market Cap Rank #26

Market Cap $ 7.69 B

Circulation Supply $ 75.23 M

Total Supply $ 84.00 M

Max Supply $ 84.00 M

All Time High $ 410.26

All Time Low $ 1.15

ICO/IDO Price 0

Litecoin Markets

Exchange Pair Og Score TBA 24h Volume

About Project

What is Litecoin (LTC)?

Cryptocurrency enthusiasts and investors are increasingly turning their attention to Litecoin (LTC), a decentralized peer-to-peer payment network founded in October 2011 by Charlie Lee, a former Google engineer. Positioned as a lite version of Bitcoin, Litecoin shares similarities with its predecessor but distinguishes itself through a faster transaction speed and increased storage efficiency. Boasting a fixed supply of 84 million coins, Litecoin's blockchain, utilizing the script algorithm, generates a new block every 2.5 minutes, significantly quicker than Bitcoin. The reduced block generation time not only accelerates transactions but also contributes to Litecoin's popularity as a viable alternative in the world of digital currencies.

Litecoin's unique features extend beyond its technical aspects to its widespread acceptance, with over 2,000 merchants globally embracing LTC. The cost-effectiveness and rapid transaction confirmation make Litecoin an attractive option for users, especially in regions where transaction fees play a pivotal role in cryptocurrency adoption. Charlie Lee, the visionary founder, and the Litecoin Foundation, a non-profit organization working on Litecoin's development, play crucial roles in cryptocurrency’s ongoing success. As Litecoin continues to evolve, the recent introduction of the MimbleWimble (MW) testnet promises enhanced privacy and fungibility, further solidifying Litecoin's position as a leading digital currency in the ever-expanding cryptocurrency landscape.

Mining Litecoin is a crucial aspect of its ecosystem, with various methods available, including solo mining, pool mining, and cloud mining. The latter stands out as an accessible option for beginners, requiring no hardware investment. However, caution is advised to avoid potential scams, emphasizing the importance of thorough research when choosing a cloud mining provider. Whether mined individually or collaboratively, the incentives for miners rewarded for verifying a block, continue to drive the network's robust security and decentralized nature. As Litecoin maintains its commitment to efficient, low-cost transactions, it remains a compelling force in reshaping the future of decentralized finance and digital payments.

What is unique about Litecoin (LTC)?

Litecoin stands out for its faster transaction speed, minimal transaction fees, and widespread global acceptance, offering a compelling alternative to Bitcoin.

Who are the founders of Litecoin (LTC)?

Litecoin was founded by Charlie Lee, a former Google engineer and early Bitcoin adopter, who currently serves as the managing director of the Litecoin Foundation.

Who are the backers/investors of Litecoin (LTC)?

Litecoin's ongoing development is supported by the Litecoin Foundation, a non-profit organization, and its board of directors, including Xinxi Wang, Alan Austin, and Zing Yang.

What is the consensus mechanism of Litecoin (LTC)?

Litecoin employs a Proof-of-Work (PoW) consensus mechanism, like Bitcoin, with miners solving complex mathematical problems to validate transactions and secure the network.

Where can I buy Litecoin (LTC)?

 

What are Litecoin (LTC) user reviews/opinions?

OGAudit is the first independent social audit platform for web3 projects and cryptocurrencies. Here you can find comprehensive crypto evaluations, ratings, unbiased and objective expert user reviews. There may be positive, negative, and neutral evaluations based on experts' experience and perspective with the product or the service about each cryptocurrency like Litecoin LTC. To access these ratings, evaluations, and comments, click here.

How to mine Litecoin (LTC)? How can I stake Litecoin (LTC)?

There may be different staking options available such as to participating in DAOs, decentralized governance and revenue sharing. Please watch out for scams. Only consider staking options promoted on the official website of the project and advised partners. Please click here to see the official links and make sure to follow the latest instructions.

What is the circulating, max supply and market cap of Litecoin (LTC)?

This data is dynamic and varies depending on the number of tokens that are being vested/vesting, removed from circulation because of network transactions or burned permanently and staking reward distribution mechanism. According to self-declared data the circulating supply of  Litecoin (LTC) is ($75,230,201), max supply of Litecoin  LTC is ($84,000,000) and the market cap of Litecoin  LTC is ($7,692,155,054)

What is the Litecoin (LTC) price prediction?

Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($btc) and crypto market overall behavior, on-chain activity, whale positionings, growth potential of the project etc. We cannot give any price predictions nor financial advice, but you can look at our comprehensive data, expert user reviews and decide if the product suits your needs! Please do your own research DYOR!

What is the price of Litecoin (LTC)?

The current market price of Litecoin (LTC) is $102. As the OGAudit community we mainly focus on features such as use cases, product development, and sustainable growth. However, we also provide real-time market data and coin/token statistics, analytics, price history for popular altcoins. see here.

Is Litecoin (LTC) a good investment?

It is important to do comprehensive research before deciding whether Litecoin (LTC) or any other cryptocurrency is a good investment. We believe you should ask each of these questions before deciding to invest or make partnerships with any crypto project:

Is this type of digital asset considered legal in your country?

Does Coin (Litecoin LTC) solve a good problem or offer the best solution?

Do products and services work effectively, and solutions are scalable?

Does the team have a realistic roadmap and can catch up with it?

Does Litecoin (LTC) have reasonable and sustainable revenue income models?

Can the team market their products and services well?

How decentralized is the governance and how strong is the community?

Has it reached its fair market value yet?

Does the coin/token have enough trading pairs and liquidity?

As the OGAudit community crypto experts, we evaluate crypto projects by asking each of these questions and more, to provide objective and reliable comments and ratings for the end-user, investors, and institutions. By carefully considering these reviews, ratings, and price action, you can decide whether Litecoin (LTC) is a good crypto to invest in or not. To access these evaluations and ratings please click here . The OGAudit experts are the largest, most experienced, and elite users in the crypto space. However, keep in mind that the scores, expert reviews and comments on our platform are OGAudit users’ personal views and meant for educational purposes only. None of the information we publish on our website contains any investment advice and should not be perceived as such. Always -DYOR- do your own research well.

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