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Litecoin(LTC)
Live LTC Price
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About Litecoin
This page brings together available market information for Litecoin (LTC) and the buy-and-sell options currently available through Coinbox.
For educational purposes only; not investment advice. Digital assets are volatile and may lose value. Before acting, consider the asset and price, issuer (where applicable), network, and counterparty risks. Displayed market data may be delayed; the applicable price and terms are shown before you confirm an action.
Market Stats
- Market Cap
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- 24h Volume
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- Circulating Supply
- 74.00M LTC
- Max Supply
- 84.00M LTC
- Range High (1D)
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- Range Low (1D)
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- Market Rank
- #20
Latest News
You pay
₪
You receive
LTC
Resources
Frequently Asked Questions about Litecoin
What is Litecoin?
Litecoin (LTC), launched in 2011, runs on an independent blockchain (Proof of Work) and is an early fork of the Bitcoin code. From its inception the coin has been regarded as silver to Bitcoin's gold, and it stands out for transaction confirmation times that are four times faster and for significantly lower network fees. Thanks to these features, Litecoin is used in practice mainly as an efficient means of payment for everyday transactions, small purchases, and fast, low-cost money transfers between users around the world. The coin has a capped maximum supply of 84 million coins, which preserves a model of economic scarcity.
How does Litecoin work?
Litecoin operates on a peer-to-peer network based on Bitcoin's source code, but uses the Scrypt algorithm, enabling 4x faster block confirmation times (every 2.5 minutes) and significantly lower fees.
Who founded Litecoin?
Litecoin was created in October 2011 by Charlie Lee, a former Google and Coinbase software engineer.