Litecoin
LTC Price
Litecoin offers faster transactions, minimal fees, and widespread acceptance, making it a top-tier cryptocurrency. More
| Fully Diluted Valuation | $7.03B |
|---|---|
| 24H Trading Volume | $645.74M |
| 24H Low / High | $90.98 / $ 97.59 |
| Circulating Supply | 76.07 M |
| Total Supply | 76.07 M |
| Max Supply | 84.00 M |
| Categories | Proof of Work (PoW) 6 more |
|---|---|
| Founder | Charlie Lee |
| Website | litecoin.org |
| Socials | 1 more |
| Chains | Litecoin Ecosystem |
| Explorer | Oklink 7 more |
| Name | Pair | OG Score |
|---|
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.
Litecoin stands out for its faster transaction speed, minimal transaction fees, and widespread global acceptance, offering a compelling alternative to Bitcoin.
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.
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.
Litecoin employs a Proof-of-Work (PoW) consensus mechanism, like Bitcoin, with miners solving complex mathematical problems to validate transactions and secure the network.
You can buy Litecoin (LTC) on Binance, BitgetOKXBybitCoinbase cryptocurrency exchanges.
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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.
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 ($76,065,895), max supply of Litecoin LTC is ($84,000,000) and the market cap of Litecoin LTC is ($7,030,394,493).
What is the Litecoin (LTC) price prediction?
Predicting prices in the crypto market is highly speculative and can't be definitively stated. Various factors drive price movements such as macroeconomics, Bitcoin ($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!
The current market price of Litecoin (LTC) is $92. 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.
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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