LITECOIN PRICE NOW

$ 47.24
litecoin
Litecoin (LTC)
1h0.76%
24h6.34%
USD
EUR
GBP

About Litecoin

Litecoin was created in October 2011 by former Google engineer Charles Lee. It is a decentralized digital asset like Bitcoin. Litecoin uses the same encryption techniques to transfer, create funds and confirm transactions. However, compared with Bitcoin, Litecoin has a larger supply that can be created and it has faster transaction rates.

Litecoin uses the scrypt hashing algorithm. which makes Litecoin transactions’ confirming more CPU-intensive on machines designed to mine Bitcoin.

Like Bitcoin’s supply, the supply of Litecoin isn’t controlled by any government or company, meaning it is decentralized and scarce. The total amount of Litecoins that will ever be created is 84 million.

To keep it brief, in many ways Litecoin is improved version of Bitcoin.

Litecoin Price Chart

Current Litecoin Price

Litecoin Market Cap

Litecoin Price Worldwide

Litecoin News

Reasons to Buy Litecoin

  • Better blockchain technology

Litecoin has a much faster transaction speed with a transaction being confirmed every 2.5 minutes, compared to the 10 minutes it takes to confirm a Bitcoin transaction.

  • Simpler Algorithm

The scrypt-hashing algorithm of Litecoin makes it easier for miners to access the system and the Litecoin mining simplicity could actually steal Bitcoin miners.

  • Litecoin can be legitimately transacted

Major banks and Asian cryptocurrency exchanges are increasing supporting Litecoin, specifically because each token can easily and affordably be exchanged.

Litecoin Price Forecast

Ethereum Price Forecast

Litecoin Price History

LTC to USD Converter

Comments

0 comments