Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
    Litecoin

    Litecoin priceLTC

    focusIcon
    subscribe
    Listed
    Buy
    Quote currency:
    USD

    Litecoin price calculator

    More cryptocurrencies calculator >
    LTC
    VectorImg
    USD
    1 LTC = 73.86 USD
    Last updated 2024-11-09 23:31:17(UTC-0)
    Buy LTC

    Litecoin price live data summary

    The live price of Litecoin is $73.86 per (LTC / USD) today with a current market cap of $5.55B USD. The 24-hour trading volume is $333.34M USD. LTC to USD price is updated in real time. Litecoin is 1.60% in the last 24 hours. It has a circulating supply of 75,177,370 .

    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.
    Calculate Litecoin profit

    Litecoin price prediction

    When is a good time to buy LTC? Should I buy or sell LTC 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 Strong buy.
    According to the LTC 1d technical analysis, the trading signal is Strong buy.
    According to the LTC 1w technical analysis, the trading signal is Buy.

    What will the price of LTC be in 2025?

    Based on LTC's historical price performance prediction model, the price of LTC is projected to reach $89.03 in 2025.

    What will the price of LTC be in 2030?

    In 2030, the LTC price is expected to change by -1.00%. By the end of 2030, the LTC price is projected to reach $237.27, with a cumulative ROI of +226.82%.

    Litecoin ratings

    Average ratings from the community
    4.6
    101 ratings
    This content is for informational purposes only.

    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?

    Litecoin price performance in USD

    24h7 days30 days90 days1 yearAll-time
    +1.60%+6.99%+15.01%+24.12%+0.82%+1617.49%

    Litecoin price history in USD

    The price of Litecoin is +0.82% over the last year. The highest price of LTC in USD in the last year was $112.32 and the lowest price of LTC in USD in the last year was $50.43.
    TimeLowHigh
    24h$71.79$74.02
    7d$64.64$74.02
    30d$64.2$75.88
    90d$59.42$75.88
    1y$50.43$112.32
    All-time$1.11(2015-01-14, 9 years ago )$412.96(2021-05-10, 3 years ago )

    Litecoin market information

    Market cap
    $5,552,418,796.97
    +1.60%
    Fully diluted market cap
    $6,204,037,058.27
    +1.60%
    Volume (24h)
    $333,335,140.85
    -12.02%
    Market rankings
    Circulation rate
    +89.00%
    24h volume / market cap
    0.06
    Circulating supply
    75,177,370 LTC
    Total supply / Max supply
    84,000,000 LTC
    84,000,000 LTC
    Buy Litecoin now

    Litecoin Social Data

    In the last 24 hours, the social media sentiment score for Litecoin was 3, and the social media sentiment towards Litecoin price trend was Bullish. The overall Litecoin social media score was 83,375, which ranks 43 among all cryptocurrencies.

    According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Litecoin being mentioned with a frequency ratio of 0.1%, ranking 12 among all cryptocurrencies.

    In the last 24 hours, there were a total of 2,247 unique users discussing Litecoin, with a total of Litecoin mentions of 1,037. However, compared to the previous 24-hour period, the number of unique users increase by 7%, and the total number of mentions has decrease by 1%.

    On Twitter, there were a total of 36 tweets mentioning Litecoin in the last 24 hours. Among them, 14% are bullish on Litecoin, 19% are bearish on Litecoin, and 67% are neutral on Litecoin.

    On Reddit, there were 220 posts mentioning Litecoin in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 6% .

    All social overview

    Average sentiment (24h)
    3
    Social media score (24h)
    83.38K(#43)
    Social contributors (24h)
    2.25K
    +7%
    Social media mentions (24h)
    1.04K(#12)
    -1%
    Social media dominance (24h)
    0.1%
    X
    X posts (24h)
    36
    +260%
    X sentiment (24h)
    Bullish
    14%
    Neutral
    67%
    Bearish
    19%
    Reddit
    Reddit score (24h)
    639
    Reddit posts (24h)
    220
    -6%
    Reddit comments (24h)
    0
    0%

    How to buy Litecoin(LTC)

    Create Your Free Bitget Account

    Create Your Free Bitget Account

    Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
    Verify Your Account

    Verify Your Account

    Verify your identity by entering your personal information and uploading a valid photo ID.
    Buy Litecoin (LTC)

    Buy Litecoin (LTC)

    Use a variety of payment options to buy Litecoin on Bitget. We'll show you how.

    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 $73.86, with a 24h price change of +1.60%. 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

    See more
    Pakistan May Legalize CBDC as Payment Option
    Pakistan May Legalize CBDC as Payment Option
    Coinspaidmedia2024-11-06 01:55
    Significant Bitcoin, Ethereum and Litecoin Move by US Giant Company
    Significant Bitcoin, Ethereum and Litecoin Move by US Giant Company

    A major US company has announced that it will now accept various cryptocurrencies, including Bitcoin, from its customers.

    Bitcoinsistemi2024-11-02 17:11

    FAQ

    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.

    What is the current price of Litecoin?

    The live price of Litecoin is $73.86 per (LTC/USD) with a current market cap of $5,552,418,796.97 USD. Litecoin's value undergoes frequent fluctuations due to the continuous 24/7 activity in the crypto market. Litecoin's current price in real-time and its historical data is available on Bitget.

    What is the 24 hour trading volume of Litecoin?

    Over the last 24 hours, the trading volume of Litecoin is $333.34M.

    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.

    Where can I buy Litecoin (LTC)?

    Buy crypto on the Bitget app
    Sign up within minutes to purchase crypto via credit card or bank transfer.
    google download badgeios download badge
    Trade on Bitget
    Deposit your cryptocurrencies to Bitget and enjoy high liquidity and low trading fees.

    Video section — quick verification, quick trading

    play cover
    How to complete identity verification on Bitget and protect yourself from fraud
    1. Log in to your Bitget account.
    2. If you're new to Bitget, watch our tutorial on how to create an account.
    3. Hover over your profile icon, click on “Unverified”, and hit “Verify”.
    4. Choose your issuing country or region and ID type, and follow the instructions.
    5. Select “Mobile Verification” or “PC” based on your preference.
    6. Enter your details, submit a copy of your ID, and take a selfie.
    7. Submit your application, and voila, you've completed identity verification!
    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. Any price and other information on this page is collected from the public internet and can not be consider as an offer from Bitget.

    Copy trading

    buylow
    buylow
    insight414/500
    277.00%
    ROI
    Total profit $3,892,720.81
    NET💰
    NET💰
    insight486/500
    41.40%
    ROI
    Total profit $0.00
    Contracts
    MoreMore
    https://img.bitgetimg.com/multiLang/develop/web/BNB.png
    BNB Smart Chain (BEP20)
    0x4338...ab0db94
    copy
    wallet
    Links
    WebsiteWhitepaperTwitterGithub

    Related assets

    People also view
    People who viewed LTC also show interest in the following cryptocurrencies.
    Trending assets
    Assets with the biggest change in unique page views on Bitget.com over the past 24 hours
    Popular cryptocurrencies
    A selection of the top 12 cryptocurrencies by market cap.
    Recently added
    The most recently added cryptocurrencies.
    Comparable market cap
    Among all Bitget assets, these 12 are the closest to Litecoin in market cap.