What’s the Price of Litecoin Today?
A coin for fast payments.
The price of litecoin has climbed from under $4 at the start of 2017 to over $60 today, with a market cap of nearly $3 billion. That puts litecoin within striking distance of all-time highs around $90 per coin, and it’s by far the best-performing cryptocurrency among the majors.
Litecoin was launched on October 7, 2011, as a fork of Bitcoin Core and has risen through the ranks to become one of the top cryptocurrencies today. Initially created by Charlie Lee to be a “silver” to Bitcoin’s “gold,” Litecoin is used primarily as a medium for exchange. Its primary purpose is to quickly transfer value between parties in a low cost and fast way.
With just one major update (SegWit) and no major plans for future development or changes, Litecoin is probably best considered as a way to quickly send and receive money without incurring high fees or slow transaction times.
And since it’s valued at less than one-tenth of Bitcoin, it could be an attractive investment for those looking for the potential returns that some crypto investors are enjoying
What’s the Price of Litecoin Today?
Litecoin is a cryptocurrency, founded by Charlie Lee in 2011. It was created to improve upon Bitcoin, offering faster transaction confirmations (2.5 minutes on average) and improved storage efficiency. A peer-to-peer Internet currency that enables instant, near-zero cost payments to anyone in the world.
Litecoin is an open source, global payment network that is fully decentralized without any central authorities. Mathematics secures the network and empowers individuals to control their own finances. Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currency. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.
Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.
Launched in 2011, it has faster transaction confirmation times and improved storage efficiency than Bitcoin. The main aim of Litecoin is to be the “silver” to Bitcoin’s “gold,” but how much is a Litecoin worth today? Find out below with our real time cryptocurrency price chart and read on for more Litecoin information!
Litecoin Price Action – What’s the Price of Litecoin Today?
The price of Litecoin is quoted in USD based on the current market price. Other exchanges might quote Litecoin in BTC or ETH. To calculate the exchange rate for US Dollars (USD), we typically pull the market depth from exchanges with adequate liquidity and reliable withdrawal capabilities in the USA and Eurozone.
We then apply a volume weighted average to any coins that meet….
The prices of cryptocurrencies change constantly, with the market deciding the value of each. One coin might be worth $20 today and $15 tomorrow. The best way to invest in cryptocurrencies is to understand the market and industry behind each of them.
Litecoin, for example, is a popular cryptocurrency that has come to be known as the “silver” to Bitcoin’s “gold.” It was created in 2011 by a former Google employee named Charlie Lee, who used blockchain technology to build a decentralized payment system that is faster and more secure than traditional payment networks.
Litecoin uses a blockchain-based payment network, which means transactions are verified by multiple users on a network rather than by one central authority like a bank or credit card company. This allows for fast transactions across the globe without any fees (although there are fees if you want to buy Litecoin with fiat currencies such as U.S. dollars).
Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee. It was created based on the Bitcoin protocol but differs in terms of the hashing algorithm used. Litecoin uses the memory intensive Scrypt proof of work mining algorithm. Scrypt allows consumer-grade hardware such as GPU to mine those coins.
Litecoin is one of the more popular altcoins, and it has an added benefit of being a payment coin. It’s a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license.
In terms of market capitalization, Litecoin is the third largest cryptocurrency, behind Bitcoin and Ripple.
Litecoin was created by Charlie Lee as an alternative to Bitcoin. It is based on the Bitcoin protocol but differs from Bitcoin in that it can be efficiently mined with consumer-grade hardware.
Litecoin is also similar to Bitcoin in that there are a fixed amount of coins ever created (84 million). Therefore, there will never be more than 84 million Litecoin out in circulation at any given time.