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LTC
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1 LTC = 83.01 USD
Last updated 2024-04-25 15:23:24(UTC-0)

Litecoin price live data summary

The live price of Litecoin is $83.01 per (LTC / USD) today with a current market cap of $6.18B USD. The 24-hour trading volume is $565.05M USD. LTC to USD price is updated in real time. Litecoin is -2.89% in the last 24 hours. It has a circulating supply of 74,461,384 .

What is the highest price of LTC?

LTC has an all-time high (ATH) of $412.96, recorded on 2021-05-10.

What is the lowest price of LTC?

LTC has an all-time low (ATL) of $1.11, recorded on 2015-01-14.

Litecoin price prediction

Set your prediction

When is a good time to buy LTC? Should I buy or sell now?

When deciding whether to buy or sell LTC, you must first consider your own trading strategy. The trading activity of long-term traders and short-term traders will also be different. The Bitget LTC technical analysis can provide you with a reference for trading.
According to the LTC 4h technical analysis, the trading signal is Sell.
According to the LTC 1d technical analysis, the trading signal is Sell.
According to the LTC 1w technical analysis, the trading signal is Buy.
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Litecoin price performance in USD

24h7d30d90d1yAll-time
-2.89%+1.14%-6.12%+24.17%-10.28%+1830.04%

Litecoin price history in USD

TimeLowHigh
24h$82.16$86.2
7d$76.2$87.64
30d$71.31$112.32
90d$65.8$112.32
1y$58.04$114.5
All-time$1.11(2015-01-14, 9 years ago )$412.96(2021-05-10, 2 years ago )

Litecoin market information

Market cap
$6,181,212,696.55
-2.89%
Fully diluted market cap
$6,973,035,670.13
-2.89%
Volume (24h)
$565,053,995.09
+33.32%
Market rankings
Circulation rate
+88.00%
24h volume / market cap
0.0914
Circulating supply
74,461,384 LTC
Total supply / Max supply
84,000,000 LTC
84,000,000 LTC

Litecoin ratings

Average ratings from the community
4.4
100 ratings
This content is for informational purposes only.

Litecoin Social Data

In the last 24 hours, the social media sentiment score for Litecoin was 3.2, and the social media sentiment towards Litecoin price trend was Bullish. The overall Litecoin social media score was 38,083, which ranks 48 among all cryptocurrencies.

According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,318,607 times, with Litecoin being mentioned with a frequency ratio of 0.14%, ranking 28 among all cryptocurrencies.

In the last 24 hours, there were a total of 2,250 unique users discussing Litecoin, with a total of Litecoin mentions of 1,828. However, compared to the previous 24-hour period, the number of unique users decrease by 2%, and the total number of mentions has increase by 27%.

On Twitter, there were a total of 21 tweets mentioning Litecoin in the last 24 hours. Among them, 24% are bullish on Litecoin, 0% are bearish on Litecoin, and 76% are neutral on Litecoin.

On Reddit, there were 285 posts mentioning Litecoin in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 10% . Additionally, there were 0 comments mentioning Litecoin. Compared to the previous 24-hour period, the number of mentions decrease by 0%.

Visão geral das redes sociais

Average sentiment(24h)
3.2
Social score(24h)
38.08K(#48)
Social contributors(24h)
2.25K
-2%
Social mentions(24h)
1.83K(#28)
+27%
Social dominance(24h)
0.14%
Twitter
Tweets(24h)
21
+11%
Twitter sentiment(24h)
Bullish
24%
Neutral
76%
Bearish
0%
Reddit
Reddit score(24h)
541
Reddit posts(24h)
285
-10%
Reddit comments(24h)
0
0%

About Litecoin(LTC)

What Is Litecoin?

Litecoin (LTC) is a decentralized open-source blockchain and is widely considered the first successful alternative coin in the market. Created in 2011 by Charlie Lee, a former Google engineer, Litecoin was designed as silver to Bitcoin's gold. While sharing similar traits, Litecoin stands out with its faster block generation times (2.5 minutes compared to Bitcoin's 10 minutes) and unique mining algorithm, Scrypt.

Litecoin was conceived as a hard fork from Bitcoin, explicitly designed to address and rectify the perceived limitations of the original cryptocurrency. Its key distinguishing characteristics include:

- A fair launch,

- A reduced block generation time,

- A increased total token supply,

- A unique hashing algorithm, and

- A distinct Graphic User Interface (GUI).

Resources

Official website: https://litecoin.org/

How Does Litecoin Work?

Blockchain and Mining

Litecoin operates using blockchain technology, which is a decentralized ledger kept up by "miners". In the context of Litecoin, mining refers to the process by which transactions are verified and added to the public blockchain ledger.

When a transaction occurs, it is grouped with others into a 'block'. Miners then verify these blocks by solving complex mathematical problems. The first miner to solve the problem gets to add the block of transactions to the existing chain of blocks, hence the term 'blockchain'. This miner is rewarded with newly created Litecoins. This mining process not only rewards miners but also serves to secure the network and verify transactions.

Scrypt Algorithm

One key difference between Litecoin and Bitcoin is the cryptographic algorithm they use to mine new coins. Litecoin uses a memory-intensive algorithm known as Scrypt, whereas Bitcoin uses a processing-intensive algorithm known as SHA-256.

Scrypt was chosen by Charlie Lee to make Litecoin mining more accessible to individuals by allowing them to use consumer-grade hardware like GPUs rather than the more expensive, specialized hardware required by Bitcoin’s SHA-256. This feature makes Litecoin more democratized and less susceptible to being monopolized by mining pools.

Faster Transaction Speeds

Litecoin's block generation time is approximately 2.5 minutes, which is four times faster than Bitcoin's 10 minutes. This shorter block generation time allows for faster transaction confirmations. It's an aspect that makes Litecoin an attractive option for merchants and customers who seek faster transaction times.

Finite Supply

Just like Bitcoin, Litecoin has a finite supply. The maximum number of Litecoins that can ever exist is 84 million, which is four times greater than the total supply of Bitcoin. As of July 2023, over 73 million Litecoins had already been mined

2023 Litecoin Halving

Litecoin halving event is rooted in the principles of scarcity and gradual reduction of block rewards. When Litecoin was first created, miners were rewarded with 50 LTC for every block they mined. Every 840,000 blocks — approximately every four years — this reward halves. In 2019, the reward decreased from 25 to 12.5 LTC, and in the upcoming 2023 halving, it will reduce further to 6.25 LTC.

This reduction process, known as "halving," is a deflationary mechanism. It effectively controls the rate at which new Litecoins enter the market, making the digital asset scarcer over time. The upcoming halving in 2023 will reduce the annual Litecoin inflation rate from around 4% to approximately 2%.

What Determines Litecoin's Price?

Understanding what determines the Litecoin price involves a multi-faceted approach that considers various market dynamics and indicators. One of the most significant factors affecting the current Litecoin price is the concept of "halving," a pre-programmed event in the Litecoin blockchain that reduces the mining rewards by half. This event, which occurs approximately every four years, impacts the Litecoin market cap and has historically led to volatile price movements in LTC to USD rates.

For example, Litecoin's price history shows that the price had dropped for months after each of its prior two halvings but also saw significant rallies leading up to these events. Halving effectively reduces the amount of new Litecoin supply, affecting its price and its conversion rate to USD.

Technical indicators also play a crucial role in Litecoin price prediction. Traders often use tools like the Relative Strength Index (RSI), Moving Averages, and the MACD to analyze the Litecoin price chart. These indicators help in identifying Litecoin's support and resistance levels and provide insights into market supply and demand. An RSI reading above 50, for instance, usually indicates bullish momentum in the Litecoin value, while readings below 50 suggest a bearish trend.

Market sentiment and external factors can also influence the Litecoin price today. Events like Litecoin's listing on new cryptocurrency exchanges or the filing of Bitcoin ETFs by major financial institutions can give Litecoin and other crypto assets a boost. Furthermore, Litecoin price live updates are closely monitored by traders who use various time frames to determine long-term, intermediate, and short-term trends.

The Litecoin price forecast is a complex interplay between internal blockchain events like halving, technical indicators, and external market factors. Keeping an eye on these elements can help you make an informed Litecoin price analysis and offer a more accurate Litecoin price prediction. By monitoring the Litecoin price history and its current price, you'll be better equipped to make sound investment decisions.

Conclusion

Litecoin, as a pioneering altcoin, offers innovations like rapid transaction times and the unique Scrypt algorithm. Its distinctive features have enhanced decentralization, accessibility, and security within the crypto space. With its upcoming halving in 2023 set to induce scarcity, Litecoin's market dynamics will be intriguing to watch. As we further embrace the digital era, Litecoin's role in facilitating efficient transactions globally remains vital. In essence, Litecoin continues to uphold its creator's vision - serving as 'the silver to Bitcoin's gold'.

Related Articles about Litecoin

What is Litecoin (LTC)?

Understanding the 2023 Litecoin Halving: An In-depth Analysis

Blockchain 101: LTC vs. BTC vs. ETH: What Sets Them Apart?

How to buy Litecoin (LTC)

Buying Litecoin on Bitget is fast and simple.
You just have to create an account, complete identity verification, deposit funds, and your trading journey is all set!
For more information, refer to How to buy Litecoin (LTC) .

Trade LTC perpetual futures

After having successfully signed up on Bitget and purchased USDT or LTC tokens, you can start trading derivatives, including LTC futures and margin trading to increase your income.

The current price of LTC is $83.01, with a 24h price change of -2.89%. Traders can profit by either going long or short onLTC futures.

Join LTC copy trading by following elite traders.

After signing up on Bitget and successfully buying USDT or LTC tokens, you can also start copy trading by following elite traders.

Litecoin news

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BlackRock Revises Spot Bitcoin ETF Proposal Ahead of Rumored SEC Approvals

Black Rock's ETF proposal now includes cash redemptions, a concession to the SEC that may improve the fund's approval odds.

Coindesk2023/12/18 21:31#Markets#Bitcoin ETF#BlackRock
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Bitcoin Is Coming to Sushi as DeFi Platform Expands to ZetaChain

The move allows users to access the liquidity of bitcoin on decentralized finance (DeFi) without going through intermediaries like wrappers.

Coindesk2023/11/16 08:00#Business#Sushi#SushiSwap
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Elon Musk’s Twitter Overhaul Could Be Huge for DOGE and Crypto Generally

“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”

Coindesk2023/07/25 12:47#Business#Twitter#DOGE
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Bitcoin Inscriptions Not a Fading Trend | Crypto Daily Digest Sep. 8

While Bitcoin NFT sales have declined, Ordinals inscriptions continue rising.

TokenInsight2023/09/08 13:49#Bitcoin#NFT
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Friend.tech Gaining Momentum | Crypto Daily Digest Aug. 22

The latest update you need to know about Friend.tech

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People are also inquiring about the price of Litecoin.

What is the current price of Litecoin?

We update our Litecoin to USD price in real time. Get the live Price of Litecoin on Bitget.

What is the 24 hour trading volume of Litecoin?

Over the last 24 hours, the trading volume of Litecoin is $565.05M.

What is the all-time high of Litecoin?

The all-time high of Litecoin is $412.96. This all-time high is highest price for Litecoin since it was launched.

Can I buy Litecoin on Bitget?

Yes, Litecoin is currently available on Bitget’s centralized exchange. For more detailed instructions, check out our helpful How to buy Litecoin guide.

Can I get a steady income from investing in Litecoin?

Of course, Bitget provides a strategic trading platform, with intelligent trading bots to automate your trades and earn profits.

Where can I buy Litecoin with the lowest fee?

We're pleased to announce that strategic trading platform is now available on the Bitget exchange. Bitget offers industry-leading trading fees and depth to ensure profitable investments for traders.

What is the primary purpose of the Litecoin token (LTC)?

Litecoin was developed with the vision of being a decentralized digital currency, facilitating peer-to-peer transactions without intermediaries. Its design ensures faster transaction confirmations and greater storage efficiency than Bitcoin. Further emphasizing its use for daily transactions and microtransactions, Litecoin aims to offer a secure and economical means for global money transfer.

How is Litecoin (LTC) different from Bitcoin?

While Litecoin is based on the Bitcoin protocol, there are several key differences: - Hashing Algorithm: Litecoin uses Scrypt, while Bitcoin uses SHA-256. This difference impacts the kind of hardware that's most effective for mining the coin. - Block Generation Time: Litecoin has a faster block generation time, approximately 2.5 minutes, compared to Bitcoin's 10 minutes. This leads to faster transaction confirmations. - Total Supply: The total number of Litecoins that will ever be created is 84 million, which is four times the total supply of Bitcoin (21 million).

What is Litecoin (LTC) halving?

Approximately every four years or after 840,000 blocks, the Litecoin network undergoes a halving event. This means that the rewards miners receive for securing the network and verifying transactions drop by 50%. By emulating the scarcity of resources like gold, halving aims to maintain Litecoin's purchasing power and potentially appreciate its long-term value. The latest Litecoin halving took place in August 2023.

Can I mine Litecoin (LTC)?

Yes, you can mine Litecoin. Litecoin mining is the process by which new Litecoins are introduced into circulation and involves solving complex mathematical problems to verify and add transactions to the blockchain. There are two primary methods for mining: solo, where you mine on your own, and pool mining, where you collaborate with other miners to solve blocks. The choice of hardware also matters; ASIC (Application-Specific Integrated Circuit) miners are the most efficient for Litecoin mining, but GPUs (graphics cards) can also be utilized, albeit with lower profitability. However, several factors influence mining profitability, such as electricity costs, the price of Litecoin, and your hardware's efficiency. High electricity costs can particularly impact earnings. Before delving into mining, it's essential to calculate potential profits, considering all expenses. Additionally, ensuring the security of both your mining setup and your earned coins is crucial to protect your investment and rewards.

How do I store Litecoin (LTC)?

Litecoin can be stored in various types of wallets: - Hardware Wallets: Physical devices that store cryptocurrency offline. Examples include the Ledger Nano S and Trezor. - Software Wallets: Programs or applications you install on your computer or smartphone. Litecoin's official wallet, Litecoin Core, is an example. - Paper Wallets: Physical documents that contain your Litecoin public and private keys. -Web Wallets: Online services where you can create and manage your Litecoin wallets, but they might be riskier due to potential vulnerabilities on the web.

Is Litecoin's value tied to Bitcoin's value?

While Litecoin operates independently of Bitcoin, their prices often move in tandem due to the interconnected nature of the cryptocurrency market. Many investors and traders view Bitcoin as a benchmark for the entire sector. When Bitcoin experiences significant price movements, it can influence the sentiment and flow of capital within the entire crypto ecosystem, impacting altcoins like Litecoin.
Cryptocurrency investments, including buying Litecoin online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Litecoin, and we try our best to fully inform our users about each cryptocurrency we offer on the exchange. However, we are not responsible for the results that may arise from your Litecoin purchase. This page and any information included are not an endorsement of any particular cryptocurrency.

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