Litecoin Price, LTC Live Chart, All-Time High & Market Cap USD

Litecoin originally began as an open-source project and hard fork of the Bitcoin network. Throughout its course, LTC prices often correlated with Bitcoin’s rises and falls. But despite that, it also shares a lot of similarities, as the two are peer-to-peer open-source cryptocurrencies. In technological terms, the two are very similar, although LTC has a supply limit of 84 million, compared to 21 million for Bitcoin. The current Market Cap ranking of LTC is #13, with a live market cap of $6,616,912,920.76 USD. Exchanging LTC for fiat currency is possible in many exchanges, while it is also possible to get BTC and then change it to LTC.

This text is informative in nature and should not be considered an investment recommendation. It does not express the personal opinion of the author or service. Any investment or trading is risky, and past returns are not a guarantee of future returns.

Litecoin Volume by Exchange

If currencies continue to gain in popularity, more merchants are likely to accept them as a means of payment. In addition, due to their features and overall convenience, cyptos may also be increasingly useful for individuals to send and receive payments. Litecoin could eventually be used to purchase anything from consumer goods and services, to real estate or a simple cup of coffee. Like Bitcoin, the short-term price outlook for Litecoin is dependent on the overall volatility of the crypto market. In the medium, to long term, it is likely that Litecoin, Bitcoin, and other currencies will generally continue on an upward trajectory.

However, don’t forget that with higher performance come higher electricity bills. After you’ve chosen your hardware, it’s time to install the mining software. ASIC machines usually come with pre-installed software, while with GPUs, you will have to do it on your own . There are also some technical differences between both currencies.

What was the lowest price?

The transaction confirmation time taken for Litecoin is about 2.5 minutes on average (as compared to Bitcoin’s 10 minutes). The Litecoin network is scheduled to cap at 84 million currency units. Another characteristic that makes Litecoin different from Bitcoin is the time it takes to confirm blocks.

The miner who solves the mathematical problem first is responsible for validating network transactions and organizing them in a block to obtain the block reward. The continued series of such blocks creates the blockchain with immutable records. BitDegree Crypto Learning Hub aims to uncover, simplify & share cryptocurrency education with the masses. Based on the Learn and Earn principles, crypto newcomers, students & researchers are enabled to gather core crypto knowledge by collecting incentives while they learn.

These features allows the current price of litecoin blockchain to process transactions faster than the Bitcoin blockchain. Litecoin was created as a fork of the Bitcoin Core client and still shares many of its defining characteristics with Bitcoin. In the cryptocurrency it is often said that if Bitcoin represents gold, Litecoin represents silver. Litecoin was created as a fork of Bitcoin, resulting in a cryptocurrency that is remarkably similar to Bitcoin. Litecoin is well-established in digital currencies, with a large and enthusiastic user base. ATMs, online exchange platforms, online and offline merchants, developers, and web casinos are just a few of these industries.

This means that all positive developments in the Bitcoin world will inevitably affect Litecoin as well. It is safe to say that Litecoin complements Bitcoin, instead of competing with it. To get into more practical details regarding the Litecoin mining process, make sure to check thetutorials on the Litecoin Wiki page. After you have made sure that there is a place to store your LTC, the next step is to choose your hardware configuration. Bear in mind that the more powerful your machine is, the bigger the chance to earn a reward.

All Time High

Litecoin’s price for December 2023 according to our analysis should range between $123.01 to $141.53 and the average price of LTC should be around $132.27. Litecoin’s price for November 2023 according to our analysis should range between $121.90 to $140.25 and the average price of LTC should be around $131.08. Litecoin’s price for October 2023 according to our analysis should range between $120.79 to $138.97 and the average price of LTC should be around $129.88. Litecoin’s price for September 2023 according to our analysis should range between $119.68 to $137.69 and the average price of LTC should be around $128.69. Litecoin’s price for August 2023 according to our analysis should range between $118.57 to $136.41 and the average price of LTC should be around $127.49. Litecoin’s price for July 2023 according to our analysis should range between $117.45 to $135.13 and the average price of LTC should be around $126.29.

You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. If more merchants accept Bitcoin as a payment method, Litecoin’s similarities in utility may result in LTC also being adapted as a form of payment. The greater efficiency of Litecoin is important because the amount of energy required to mine Bitcoin only continues to rise, and more efficient alternatives could be very important for the environment. There is a lot of space for optimization here, which can further increase profit. Getting access to renewable energy through solar panels and wind turbines can often be a worthwhile investment for those willing to pay an extra buck. Generally, LTC is one of the more popular cryptocurrencies available.

According to the Litecoin Price Prediction model above, LTC’s price in 2024 would be $94.47. The current price per unit of weight and currency will be displayed on the right. The Holdings Calculator permits you to calculate the current value of your gold and silver. If miners decide that Litecoin is giving them more stable returns then they may switch to Litecoin. Here’s the price history of Litecoin, along with corresponding media releases and events that might’ve contributed to significant price movements. More, we explore how Bitcoin price influences Litecoin and how Litecoin, like many other cryptocurrencies, has begun to form a price pattern of its own.

When https://www.beaxy.com/ was first introduced in 2011, two years after Bitcoin, it quickly gained a following and reached a price-per-coin of $0.30. By the middle of November 2013, Litecoin price had climbed up over $4, and then in the space of less than a fortnight, it shot up more than 1,000% to peak at around $50. This was followed, however, by a similarly sudden crash back down to below $10 and the previous high wouldn’t be revisited for some years. Sign up for an account in minutes to buy crypto using credit card or bank transfer. The community is bullish as more than 74% of users are feeling good about Litecoin today.

The Litecoin project was released under the MIT/X11 open-source license that allows the community to copy, modify, run, and distribute the software. The Litecoin network officially went live on October 13, 2011, as a fork of the Bitcoin Core client. Litecoin is designed as a P2P digital currency that allows instant and very cheap borderless transactions.

It is worth noting that it downloads and runs the whole blockchain, which means you will have to ensure there is enough space on your ETC computer . Bear in mind that to be able to navigate the software successfully, you will need basic tech skills. If you find it too daunting, switch to one of the third-party solutions. Although hardware wallets don’t come for free, they are the most popular and secure option to store your cryptocurrencies.