LTC

$84,46 USD (3,36%)

0,01137400 BTC

Litecoin
Market Cap $4 857 130 496 USD / 652 750 BTC
Volume (24h) $239 588 992 USD / 32 198 BTC
Circulating Supply 57 508 532 LTC
Max Supply 84 000 000 LTC
Date Open High Low Close Volume Market Cap
2018-07-21 82,68 85,21 80,59 84,46 246.152.992 4.857.360.896
2018-07-20 86,68 86,68 82,33 82,81 287.199.008 4.760.900.608
2018-07-19 86,93 88,95 85,79 86,65 307.632.992 4.980.684.800
2018-07-18 89,83 93,65 86,03 86,96 375.428.992 4.997.438.464
2018-07-17 84,33 90,43 83,03 89,85 341.982.016 5.161.972.736
2018-07-16 78,95 84,60 78,17 84,60 307.904.000 4.858.950.144
2018-07-15 76,75 79,65 76,05 78,84 230.204.000 4.527.232.000
2018-07-14 76,97 77,54 76,17 76,84 198.043.008 4.410.853.888
2018-07-13 76,92 78,43 76,13 76,90 255.711.008 4.413.481.472
2018-07-12 78,59 78,59 75,28 76,85 267.404.992 4.409.298.944
2018-07-11 76,21 80,95 76,03 78,62 284.480.000 4.509.737.984
2018-07-10 80,75 80,85 75,37 76,08 321.614.016 4.363.305.472
2018-07-09 82,54 83,11 80,74 80,78 263.142.000 4.631.732.736
2018-07-08 86,26 86,69 82,25 82,55 239.571.008 4.731.689.984
2018-07-07 83,40 86,38 80,58 86,38 239.139.008 4.949.937.152
2018-07-06 83,78 84,61 81,30 83,38 253.160.000 4.776.762.368
2018-07-05 85,65 86,62 82,59 83,76 306.121.984 4.797.418.496
2018-07-04 85,12 89,12 83,96 85,37 281.683.008 4.888.439.808
2018-07-03 85,39 89,30 84,67 85,10 343.900.992 4.871.976.960
2018-07-02 80,27 86,27 78,64 85,27 302.460.992 4.880.303.616
2018-07-01 81,50 81,74 78,44 80,34 343.824.992 4.597.181.952
2018-06-30 78,95 83,45 78,95 81,47 276.848.992 4.660.787.200
2018-06-29 74,76 80,19 73,17 78,93 309.622.016 4.514.256.896
2018-06-28 80,63 81,04 74,44 74,88 263.456.000 4.281.265.408
2018-06-27 76,93 81,34 75,86 80,66 274.128.000 4.610.878.976
2018-06-26 81,82 82,50 76,85 76,87 258.432.992 4.393.058.304
2018-06-25 80,37 86,07 79,02 81,83 458.366.016 4.675.821.056
2018-06-24 82,74 83,39 74,29 80,78 449.884.992 4.614.286.336
2018-06-23 85,09 86,36 81,64 82,60 439.203.008 4.717.454.336
2018-06-22 96,94 97,12 81,40 85,08 458.636.992 4.857.442.816
2018-06-21 97,88 98,87 96,36 96,93 261.544.000 5.532.658.176
2018-06-20 98,96 99,20 95,97 97,99 261.392.000 5.592.175.616
2018-06-19 98,73 100,82 97,40 98,84 284.982.016 5.638.967.296
2018-06-18 95,77 99,81 93,91 98,82 282.937.984 5.636.516.864
2018-06-17 97,72 98,66 95,53 96,10 242.331.008 5.480.226.304
2018-06-16 96,58 98,35 93,97 97,58 259.324.992 5.562.876.416
2018-06-15 101,11 101,11 95,60 96,68 293.284.992 5.510.142.464
2018-06-14 93,99 102,42 93,61 101,15 367.742.016 5.764.020.224
2018-06-13 100,80 100,95 91,29 94,08 360.492.992 5.359.362.048
2018-06-12 107,43 108,06 99,37 100,75 333.163.008 5.738.281.984
2018-06-11 106,54 108,85 104,12 107,52 331.430.016 6.121.874.944
2018-06-10 117,56 117,56 104,08 107,04 399.889.984 6.093.573.120
2018-06-09 120,11 121,03 117,74 117,74 242.235.008 6.700.860.928
2018-06-08 121,52 121,95 118,71 120,08 285.831.008 6.832.464.384
2018-06-07 121,34 123,18 119,62 121,43 365.670.016 6.907.065.856
2018-06-06 121,89 122,14 118,56 121,18 324.158.016 6.891.340.800
2018-06-05 119,90 122,01 116,44 121,70 300.892.000 6.918.872.064
2018-06-04 125,21 126,33 118,73 119,90 299.780.992 6.814.722.560
2018-06-03 123,29 127,37 122,37 125,50 322.787.008 7.130.994.688
2018-06-02 119,83 123,89 118,96 123,31 310.800.000 7.004.694.528
2018-06-01 118,03 120,20 117,12 119,92 290.886.016 6.810.365.440
2018-05-31 117,32 120,59 116,64 118,07 297.183.008 6.704.155.648
2018-05-30 119,54 122,38 116,02 117,53 305.275.008 6.671.787.008
2018-05-29 111,84 121,96 110,90 119,57 350.520.000 6.785.779.712
2018-05-28 117,93 119,08 111,48 111,60 295.723.008 6.331.860.992
2018-05-27 118,50 118,85 116,99 117,99 258.727.008 6.692.968.960
2018-05-26 119,35 122,25 117,87 118,28 275.851.008 6.707.449.856
2018-05-25 122,56 124,20 117,82 119,44 297.743.008 6.771.922.432
2018-05-24 119,19 124,37 115,89 122,61 345.857.984 6.950.013.952
2018-05-23 128,81 129,33 117,35 119,31 373.329.984 6.761.220.096
2018-05-22 134,26 135,60 128,33 128,76 296.225.984 7.294.291.456
2018-05-21 139,64 139,64 133,93 134,51 308.376.992 7.618.147.328
2018-05-20 135,27 140,32 133,79 139,70 324.983.008 7.910.023.680
2018-05-19 135,96 137,50 133,87 135,32 310.963.008 7.660.047.360
2018-05-18 132,70 137,05 129,70 136,06 371.688.000 7.699.947.008
2018-05-17 139,56 141,17 131,95 132,77 320.248.992 7.512.141.824
2018-05-16 139,65 140,65 135,28 139,27 351.689.984 7.877.577.728
2018-05-15 147,49 149,38 138,57 139,88 415.984.992 7.910.044.672
2018-05-14 144,62 152,15 136,07 147,71 584.222.016 8.350.939.136
2018-05-13 141,80 147,25 137,65 144,59 383.224.000 8.172.151.808
2018-05-12 137,26 144,42 132,59 141,88 410.184.992 8.016.973.312
2018-05-11 149,45 149,45 134,73 137,12 530.416.000 7.745.751.552
2018-05-10 157,15 160,34 149,34 149,87 426.694.016 8.463.835.136
2018-05-09 159,62 159,62 152,60 157,05 448.136.000 8.867.315.712
2018-05-08 164,83 167,98 158,16 159,62 466.308.992 9.009.611.776
2018-05-07 171,76 171,92 158,93 164,88 573.281.024 9.304.214.528
2018-05-06 178,02 182,88 166,18 171,80 626.270.016 9.692.232.704
2018-05-05 168,35 181,63 168,35 177,76 741.246.016 10.025.760.768
2018-05-04 160,47 170,38 157,94 168,79 633.054.976 9.516.919.808
2018-05-03 151,86 164,00 151,01 161,46 617.984.000 9.101.263.872
2018-05-02 148,45 152,89 146,98 151,58 354.656.992 8.542.044.160
2018-05-01 148,34 148,54 143,94 148,49 342.152.000 8.365.945.856
2018-04-30 153,65 154,08 147,87 148,48 341.396.992 8.363.095.040
2018-04-29 152,16 155,62 148,90 153,64 388.083.008 8.651.225.088
2018-04-28 145,74 153,33 145,74 152,30 337.116.992 8.573.467.136
2018-04-27 153,44 153,62 145,90 145,90 386.742.016 8.211.418.624
2018-04-26 144,70 153,82 142,64 153,68 412.436.992 8.646.685.696
2018-04-25 165,09 165,09 142,59 144,76 613.467.008 8.142.994.944
2018-04-24 152,57 165,94 152,57 165,78 643.558.016 9.323.040.768
2018-04-23 146,67 152,77 146,67 152,25 376.060.000 8.559.830.016
2018-04-22 148,61 152,23 145,31 146,77 338.735.008 8.249.632.768
2018-04-21 155,68 156,61 142,18 148,93 482.924.000 8.368.622.080
2018-04-20 146,50 155,72 143,84 155,54 491.945.984 8.737.234.944
2018-04-19 140,04 146,87 138,96 146,30 408.736.000 8.216.206.336
2018-04-18 132,38 140,85 132,38 140,00 381.161.984 7.860.032.000
2018-04-17 128,71 139,65 128,71 132,93 532.336.000 7.461.107.200
2018-04-16 131,97 132,63 125,24 128,34 290.855.008 7.201.443.328
2018-04-15 126,67 132,04 126,67 132,04 274.427.008 7.407.732.736
2018-04-14 125,22 129,34 124,77 126,29 258.806.000 7.083.108.864
2018-04-13 129,27 133,04 124,06 125,35 458.040.000 7.028.553.216
2018-04-12 118,29 129,34 113,55 129,34 587.510.976 7.249.888.256
2018-04-11 114,29 119,09 113,33 118,29 230.068.992 6.628.996.608
2018-04-10 115,21 115,40 112,52 114,26 202.879.008 6.401.817.600
2018-04-09 117,78 122,43 113,32 114,99 260.171.008 6.440.841.216
2018-04-08 116,29 118,55 115,95 117,67 194.664.000 6.589.391.872
2018-04-07 113,14 119,38 113,10 116,26 211.470.000 6.508.657.664
2018-04-06 118,82 119,93 112,79 113,15 233.190.000 6.333.258.240
2018-04-05 118,21 121,29 114,47 119,13 294.022.016 6.665.917.952
2018-04-04 133,91 134,61 116,58 118,41 380.351.008 6.623.847.936
2018-04-03 119,51 136,45 118,58 134,47 375.408.992 7.520.099.328
2018-04-02 115,24 121,42 114,72 119,31 271.703.008 6.670.329.344
2018-04-01 116,90 117,83 110,52 115,22 274.182.016 6.440.292.864
2018-03-31 118,64 123,87 116,18 116,61 295.439.008 6.515.945.984
2018-03-30 114,80 124,90 110,26 118,60 468.439.008 6.625.396.736
2018-03-29 131,93 132,61 113,93 114,68 476.804.000 6.404.746.752
2018-03-28 135,49 140,13 131,03 131,75 328.374.016 7.356.010.496
2018-03-27 148,96 149,62 136,07 135,78 385.104.000 7.579.179.520
2018-03-26 160,16 160,99 143,12 149,22 407.135.008 8.327.234.048
2018-03-25 158,86 162,72 157,52 160,21 244.360.000 8.937.782.272
2018-03-23 163,58 167,83 157,26 167,83 348.056.000 9.358.153.728
2018-03-22 168,72 172,31 161,11 163,67 404.996.992 9.124.249.600
2018-03-21 169,56 175,26 166,62 169,05 462.536.000 9.421.554.688
2018-03-20 161,52 173,30 156,82 168,82 492.892.000 9.405.993.984
2018-03-19 155,48 163,05 151,66 161,14 504.832.992 8.976.120.832
2018-03-18 152,54 156,15 138,02 154,07 595.955.008 8.580.189.184
2018-03-17 165,19 165,22 151,06 152,97 403.808.992 8.516.500.480
2018-03-16 164,82 171,26 158,99 165,45 436.628.000 9.208.968.192
2018-03-15 161,20 167,33 151,48 164,48 564.609.024 9.152.160.768
2018-03-14 175,94 177,55 158,63 161,10 480.652.992 8.962.106.368
2018-03-13 177,60 181,87 172,26 175,78 468.094.016 9.776.394.240
2018-03-12 180,14 193,34 175,88 178,23 567.628.992 9.909.960.704
2018-03-11 177,51 193,48 172,47 188,95 669.377.984 10.502.793.216
2018-03-10 188,11 194,65 176,54 177,73 625.808.000 9.876.881.408
2018-03-09 181,89 189,91 160,43 187,17 943.363.968 10.398.444.544
2018-03-08 183,29 188,15 176,17 176,51 612.508.992 9.804.070.912
2018-03-07 196,83 199,27 175,65 185,84 755.924.992 10.319.459.328
2018-03-06 210,51 210,51 193,16 196,60 661.078.016 10.914.025.472
2018-03-05 213,74 215,98 209,25 211,18 594.828.992 11.719.782.400
2018-03-04 210,24 214,12 205,36 213,80 574.675.008 11.862.048.768
2018-03-03 213,84 217,76 209,54 210,64 681.865.984 11.683.955.712
2018-03-02 209,55 213,13 204,88 212,56 627.142.016 11.786.864.640
2018-03-01 203,12 214,70 201,54 209,75 678.542.016 11.628.116.992
2018-02-28 217,28 223,51 202,71 202,90 761.321.984 11.245.167.616
2018-02-27 221,71 224,21 215,84 216,60 856.454.016 12.001.557.504
2018-02-26 222,14 234,42 218,74 220,96 1.297.080.064 12.240.119.808
2018-02-25 208,13 225,55 202,37 220,48 1.028.590.016 12.209.956.864
2018-02-24 210,64 220,31 197,88 209,42 937.312.000 11.594.912.768
2018-02-23 194,19 216,13 184,07 209,31 1.065.680.000 11.585.694.720
2018-02-22 212,84 222,77 191,81 195,31 974.379.008 10.807.770.112
2018-02-21 230,95 235,41 208,93 213,35 1.195.820.032 11.803.114.496
2018-02-20 223,09 253,90 222,51 232,85 1.739.670.016 12.878.414.848
2018-02-19 215,41 226,97 215,38 223,06 767.596.992 12.333.459.456
2018-02-18 230,51 232,64 214,46 215,74 1.011.120.000 11.925.650.432
2018-02-17 229,50 233,45 225,60 229,46 863.401.024 12.681.138.176
2018-02-16 225,50 236,09 212,33 230,12 1.300.089.984 12.714.036.224
2018-02-15 212,35 237,88 211,17 225,43 2.087.289.984 12.451.226.624
2018-02-14 159,58 218,23 159,58 213,36 2.383.340.032 11.781.583.872
2018-02-13 161,77 162,37 153,51 159,55 483.468.000 8.808.187.904
2018-02-12 150,10 163,35 150,10 161,57 535.710.016 8.916.808.704
2018-02-11 155,39 155,73 142,61 148,99 495.720.000 8.220.569.088
2018-02-10 163,49 169,33 149,14 155,59 576.328.000 8.582.616.064
2018-02-09 149,73 163,98 142,59 163,95 722.204.992 9.041.363.968
2018-02-08 138,34 151,08 138,34 149,47 869.206.976 8.240.405.504
2018-02-07 142,48 157,90 131,52 138,20 817.808.000 7.617.284.096
2018-02-06 127,52 146,11 106,94 142,99 1.148.409.984 7.879.137.792
2018-02-05 148,73 153,52 118,15 125,33 844.678.016 6.903.938.560
2018-02-04 160,38 173,80 139,69 148,02 1.006.080.000 8.151.908.352
2018-02-03 131,40 165,55 121,17 160,25 687.676.032 8.822.761.472
2018-02-02 142,56 142,56 105,35 131,38 815.539.968 7.231.180.288
2018-02-01 163,68 165,81 131,55 142,30 539.880.000 7.830.131.712
2018-01-31 165,30 167,07 157,65 163,35 363.292.992 8.986.098.688
2018-01-30 167,71 181,52 163,03 165,28 433.227.008 9.089.747.968
2018-01-29 193,75 194,39 179,23 181,66 303.560.992 9.988.197.376
2018-01-28 181,42 194,68 181,42 193,87 363.515.008 10.656.038.912
2018-01-27 176,66 183,15 174,88 180,89 291.632.992 9.940.022.272
2018-01-26 179,82 182,89 167,08 176,73 375.476.992 9.709.025.280
2018-01-25 181,56 185,42 176,35 180,27 363.137.984 9.900.459.008
2018-01-24 178,43 186,28 173,72 179,99 375.948.992 9.882.206.208
Market Last Price Last Volume Last Volume Total Volume 24H Volume 24H Total

What is Litecoin?

Litecoin or LTC is a peer-to-peer cryptocurrency and open-source software. There is no central authority governing this altcoin – creation and transfer of coins is based on an open source cryptographic protocol. It is almost identical to Bitcoin, though it is far quicker and cheaper than its older brother.

Formed in 2011, Litecoin used a blockchain to maintain a public ledger of transactions that allows a transfer of funds directly between individuals, without the need for a third-party financial institution. Litecoin is different to others because of how fast it can be transferred, how may coins exist and the market cap.

Charlie Lee, a Google engineer, developed Litecoin to be the silver to Bitcoin’s gold. This means it is takes only a quarter of the time to legitimize transactions. This means that it is possible to process a larger number of transactions in the same time frame. It didn’t start as a means of creating a new cryptocurrency but as a means of Charlie Lee working to understand Bitcoin’s code. Whilst investigating the Bitcoin code, Lee decided it was possible to create something better than was already out there.

Litecoin is different to Bitcoin in the algorithm used to solve a block. There is also a difference in the number of coins that are distributed. Litecoin uses a memory intensive algorithm known as scrypt. This is a different proof-of-work algorithm that requires different hardware. This means that Bitcoin miners are not going to be able to transfer directly to Litecoin.

Litecoin ais also scheduled to produce 84 million Litecoins – this is 4 times more than Bitcoin. This suggests that supply is greater and potentially the demand higher than Bitcoin.

How is Litecoin’s value determined?

Litecoin, like other digital currencies, are a crossover between a commodity and a currency. You can store its value and there is only a finite supply. However, it can also be used to pay for transactions. Therefore, Litecoin’s value and Litecoin’s Price is highly volatile. Fundamentally, the value is determined by supply and demand. However, trust in Litecoin has a disproportionate impact on its value.

Litecoin’s value has been struggling of late – mostly because of the media about potential altcoin bubbles. Decisions to remove average price data from some sites also caused a drop, as there was a panic amongst investors who did not understand what was happening.

In relation to Bitcoin, Litecoin has done much better. Its value has increased more than twice that of Bitcoin and Bitcoin’s rise has been considered meteoric. Litecoin has risen over 7000% in comparison to Bitcoins 1700%. However, Litecoin is considerably cheaper than Bitcoin – so any changes in value are still proportionally smaller. Litecoin’s value on the market is $18 billion to Bitcoin’s $291 billion.

The move to Litecoin may be due to concern that Bitcoin is experiencing a bubble and is therefore a higher risk than Litecoin.

How can you get hold of Litecoin?

You have the same two options with Litecoin that you have with Bitcoin. You can choose to mine the blocks and therefore take your share in coins. This means investing in the hardware, software and time needed to solve the problems that create the coin. The mining prize is 50 coins for every square. This reward will split every 84000 pieces, which is four times bigger than Bitcoin.

If you do not want to mine it you can but it with other cryptocurrency, such as Bitcoin, on exchanges such as Coinbase. You can also purchase LTC using traditional currency such as USD.

As Litecoin is a less-developed cryptocurrency than Bitcoin it is more difficult to purchase and the easiest way to buy Litecoin is using an existing stash of Bitcoin.

Like other cryptocurrencies you will need a digital wallet to store your Litecoin. You can have software-based wallets, physical hardware wallets or, if you are a traditionalist, you can create a paper copy of your private key to your coins. These private keys are your means of sending and receiving Litecoin.

All Litecoin transactions are stored with its blockchain and can be searched by everyone. You can explore Litecoin transactions using a Litecoin Block Explorer.

What can impact on Litecoin’s price?

Individuals determine the buy and sell price of cryptocurrencies. You go to the exchange and set your own price and if someone purchases it then this is what people are willing to pay. However, as with everything, it is not quite as simple as all this. The nature of supply and demand is impacted by a whole host of factors – which influence the actions of those interested in buying and selling. Therefore, it is not a simple to understand what impacts Litecoin’s price.

The limited supply of Litecoin is one factor which drives the price. However, there are many others including the level of difficulty of solving the algorithm, the amount of energy taken to secure the blockchain, how easy it is to store Litecoin and the perception of its value by the public. The perception of public is equally influenced by a huge number of factors, including the possibility of scams, potential for legal and government issues and confidence in other currencies and markets.

Arguably, public perception has the largest bearing on value, as well as price. Therefore, any negative media such as acks can force Litecoin’s price down. The hack to the cryptocurrency exchange Mt. Gox had a major impact on the reputation of cryptocurrencies. However, these tended to impact bigger names, such as Bitcoin, and had only a minor effect on the more cult-like group of supporters of Litecoin.

In short, there is a complex array of factors that influence Litecoin’s price – as with most other altcoins on the market – though the media and investors have a disproportionate power to influence fluctuations in price.