Litecoin (LTC) price, charts, market capitalization, history. Check Litecoin live and history price in charts and tables, do analysis with special LTC tools below. Litecoin is a peer-to-peer cryptocurrency and an open source project. It currently ranks high of the cryptocurrency trading charts. While it was heavily inspired from bitcoin itself, Litecoin was always meant to be the silver to the bitcoin’s gold standard. While gold is in short supply and is quite expensive, Silver is much more widely used and has the liquidity to become a real mainstream currency. This is the reason why the silver bitcoin analogy was used by the creator of the Litecoin for the new currency. The Litecoin is however faster and by design much offers much more liquidity than bitcoin. Its extremely fast Lightning network offers four times faster transactions than bitcoin and has almost negligible costs associated with it. Litecoin was also the first cryptocurrency to adopt the segregated witness protocol (SegWit). Yes, the same aspect which resulted in a hard fork of the bitcoin on August 1st 2017. It can be mined using a proof of work system that is different from bitcoin. Litecoin and cryptocurrency market never sleeps, so Litecoin price changes every second.
Litecoin price chart
Who created the Litecoin? It was created by a former Google Employee Charlie Lee. It is primarily a fork of the bitcoin core client in many ways. But, its decreased block generation time of 2.5 minutes and easier proof of stake mining process made it extremely different from bitcoin overall.
How is it useful? Litecoin is extremely fast. It is probably the fastest cryptocurrency ever created due to its lightning network. Its transactions normally take less than one second to perform. So all these extremely useful features mean that litecoin has a part to play in the future of cryptocurrency, both as a cheaper alternative to bitcoin and a faster one too.
How can it be used to help solve problems? Litecoin is a safe, secure and proof of work based cryptocurrency. Litecoin has always been correlated with the bitcoin value just like silver is always correlated with the gold value so on that front, litecoin may seem a good long-term investment.
Where to use in real life? It is also the coin people use on its own rather than trade it for BTC alone. A majority of litecoin buying is not done via BTC but Chinese Yen. The Chinese traders have taken a liking to the ultra light bitcoin alternative. This shows the inherent value of the coin and its deployed systems. Most other cryptocurrencies including even Ether are used to trade back to the bitcoin which can be considered as the British pound of the cryptocurrency world. But, Litecoin is mostly bought and then liquidated directly to fiat currency.
|20 Oct 2017||59.8098||61.7537||58.5634||60.3306||150,542,000||3,225,577,482|
|19 Oct 2017||60.8218||61.2761||58.7085||59.7397||160,943,000||3,193,124,743|
|18 Oct 2017||59.6529||61.7476||53.7937||60.7308||283,869,000||3,245,232,732|
|17 Oct 2017||64.6732||64.6955||58.8539||59.479||205,363,000||3,177,462,298|
|16 Oct 2017||65.7183||66.3358||62.6915||64.6219||200,428,000||3,451,297,832|
|15 Oct 2017||64.1266||70.0938||62.5494||65.4674||453,940,000||3,495,462,090|
|14 Oct 2017||59.4056||66.193||58.6009||63.9502||313,106,000||3,413,379,168|
|13 Oct 2017||60.5519||60.9617||55.8409||59.4289||357,124,000||3,171,116,142|
|12 Oct 2017||50.8867||59.5102||50.8715||59.5102||334,892,000||3,174,586,935|
|11 Oct 2017||50.7533||51.1364||50.3669||50.9017||57,466,000||2,714,660,571|