4

Rank

Litecoin, LTC

$46.23 ( 2.88% )

Market Cap

$3 030 710 588

24 Hour Volume

$1 083 854 041

Available Supply

65 561 815

Litecoin / US Dollar Chart, LTC/USD ()


Open price: 0.0
High price: 0.0
Average price: 0.0
Close price: 0.0
Low price: 0.0
Change: 0.0%

#
Exchange
Pair
Volume
Volume (%)
1.
LTC/USDT
442 111 699 USD
40.90 %
2.
LTC/BTC
117 060 225 USD
10.83 %
3.
LTC/USDT
43 153 220 USD
3.99 %
4.

EXX EXX

LTC/USDT
30 881 926 USD
2.86 %
5.
LTC/TRY
29 069 614 USD
2.69 %
6.
LTC/BTC
19 649 251 USD
1.82 %
7.
LTC/USDT
15 554 376 USD
1.44 %
8.
LTC/USDT
14 907 662 USD
1.38 %
9.
LTC/USDT
14 048 534 USD
1.30 %
10.
LTC/USDT
12 878 712 USD
1.19 %
11.
LTC/BTC
12 299 405 USD
1.14 %
12.
LTC/USDT
11 109 804 USD
1.03 %
13.
LTC/BTC
10 540 170 USD
0.98 %
14.
LTC/USDT
10 066 340 USD
0.93 %
15.
LTC/TRX
9 849 094 USD
0.91 %
16.
LTC/USDT
9 797 823 USD
0.91 %
17.
LTC/USDT
9 751 402 USD
0.90 %
18.
LTC/BTC
8 925 507 USD
0.83 %
19.
LTC/BTC
8 925 427 USD
0.83 %
20.
LTC/USDT
8 793 909 USD
0.81 %
21.
LTC/USDT
8 649 290 USD
0.80 %
22.
LTC/USDT
8 607 375 USD
0.80 %
23.

ZB ZB

LTC/USDT
8 584 545 USD
0.79 %
24.
LTC/USDT
7 780 748 USD
0.72 %
25.
LTC/QC
7 379 983 USD
0.68 %
26.
LTC/USDT
7 207 122 USD
0.67 %
27.
LTC/USDT
7 203 504 USD
0.67 %
28.
LTC/BTC
7 191 053 USD
0.67 %
29.
LTC/BTC
7 191 003 USD
0.67 %
30.
LTC/USDT
7 135 528 USD
0.66 %
31.
LTC/BTC
7 027 868 USD
0.65 %
32.
LTC/USDT
6 773 919 USD
0.63 %
33.

ZBG ZBG

LTC/USDT
6 577 973 USD
0.61 %
34.
LTC/ETH
6 446 047 USD
0.60 %
35.
LTC/USDT
6 063 255 USD
0.56 %
36.
LTC/USDT
6 062 566 USD
0.56 %
37.
LTC/USDT
5 383 709 USD
0.50 %
38.
LTC/BTC
4 670 324 USD
0.43 %
39.
LTC/BTC
4 280 044 USD
0.40 %
40.
LTC/TWD
3 952 399 USD
0.37 %
41.
LTC/USDT
3 613 309 USD
0.33 %
42.
LTC/OKB
3 122 507 USD
0.29 %
43.
LTC/BTC
3 097 432 USD
0.29 %
44.
LTC/BTC
3 065 031 USD
0.28 %
45.
LTC/USD
2 942 831 USD
0.27 %
46.
LTC/BTC
2 923 089 USD
0.27 %
47.
LTC/BTC
2 870 107 USD
0.27 %
48.
LTC/ETH
2 641 444 USD
0.24 %
49.
LTC/ETH
2 532 071 USD
0.23 %
50.
LTC/USDT
2 442 913 USD
0.23 %
51.
LTC/ETH
2 376 260 USD
0.22 %
52.
LTC/USDT
2 354 768 USD
0.22 %
53.
LTC/USDT
2 341 014 USD
0.22 %
54.
LTC/BTC
2 083 401 USD
0.19 %
55.
LTC/BTC
2 044 205 USD
0.19 %
56.
LTC/BTC
2 001 208 USD
0.19 %
57.
LTC/BTC
1 957 751 USD
0.18 %
58.
LTC/BTC
1 940 400 USD
0.18 %
59.
LTC/USDT
1 923 309 USD
0.18 %
60.
LTC/BTC
1 807 450 USD
0.17 %
61.
LTC/BTC
1 770 234 USD
0.16 %
62.
LTC/BTC
1 727 732 USD
0.16 %
63.
LTC/KRW
1 664 185 USD
0.15 %
64.
LTC/BTC
1 621 478 USD
0.15 %
65.
LTC/BTC
1 615 602 USD
0.15 %
66.

MXC MXC

LTC/USDT
1 606 702 USD
0.15 %
67.
LTC/USDT
1 483 702 USD
0.14 %
68.
LTC/USD
1 462 710 USD
0.14 %
69.
LTC/PAX
1 446 298 USD
0.13 %
70.
LTC/USDT
1 422 772 USD
0.13 %
71.
LTC/BTC
1 340 221 USD
0.12 %
72.
LTC/USDT
1 296 976 USD
0.12 %
73.
LTC/ETH
1 294 807 USD
0.12 %
74.
LTC/ETH
1 294 807 USD
0.12 %
75.
LTC/ETH
1 276 520 USD
0.12 %
76.
LTC/USDT
1 167 690 USD
0.11 %
77.
LTC/USDT
1 149 350 USD
0.11 %
78.

ZB ZB

LTC/QC
1 087 969 USD
0.10 %
79.
LTC/ETH
1 046 422 USD
0.10 %
80.
LTC/BTC
1 036 223 USD
0.10 %
81.
LTC/USDT
1 022 924 USD
0.09 %
82.
LTC/USDT
1 017 683 USD
0.09 %
83.
LTC/USDT
1 007 437 USD
0.09 %
84.
LTC/XRP
967 327 USD
0.09 %
85.
LTC/BTC
786 895 USD
0.07 %
86.
LTC/KRW
779 393 USD
0.07 %
87.
LTC/USDT
761 092 USD
0.07 %
88.
LTC/USD
752 464 USD
0.07 %
89.
LTC/VET
732 889 USD
0.07 %
90.
LTC/ETH
714 830 USD
0.07 %
91.
LTC/USD
711 602 USD
0.07 %
92.
LTC/USDT
699 993 USD
0.06 %
93.
LTC/EUR
674 334 USD
0.06 %
94.
LTC/BTC
656 088 USD
0.06 %
95.
LTC/USD
602 124 USD
0.06 %
96.
LTC/BTC
599 742 USD
0.06 %
97.
LTC/BTC
580 733 USD
0.05 %
98.
LTC/USDT
570 323 USD
0.05 %
99.
LTC/USDT
553 004 USD
0.05 %
100.
LTC/USD
549 532 USD
0.05 %
101.
LTC/ETH
547 984 USD
0.05 %
102.
LTC/DAI
526 760 USD
0.05 %
103.
LTC/KRW
517 048 USD
0.05 %
104.
LTC/USD
514 485 USD
0.05 %
105.
LTC/EUR
422 561 USD
0.04 %
106.
LTC/EUR
409 595 USD
0.04 %
107.
LTC/BTC
401 419 USD
0.04 %
108.
LTC/EUR
398 725 USD
0.04 %
109.
LTC/BTC
393 262 USD
0.04 %
110.
LTC/USDT
387 803 USD
0.04 %
111.
LTC/USDT
343 055 USD
0.03 %
112.
LTC/BTC
335 900 USD
0.03 %
113.
LTC/BTC
328 280 USD
0.03 %
114.
LTC/BUSD
324 456 USD
0.03 %
115.
LTC/EUR
313 249 USD
0.03 %
116.
LTC/USDT
304 106 USD
0.03 %
117.
LTC/BTC
303 016 USD
0.03 %
118.
LTC/TRY
291 120 USD
0.03 %
119.
LTC/GBP
289 512 USD
0.03 %
120.
LTC/TUSD
280 172 USD
0.03 %
121.
LTC/BTC
274 731 USD
0.03 %
122.
LTC/BTC
270 955 USD
0.03 %
123.
LTC/USDT
269 762 USD
0.02 %
124.
LTC/ETH
266 058 USD
0.02 %
125.
LTC/PAX
258 608 USD
0.02 %
126.
LTC/USDT
258 500 USD
0.02 %
127.
LTC/BTC
235 869 USD
0.02 %
128.
LTC/USDT
228 239 USD
0.02 %
129.
LTC/BNB
223 247 USD
0.02 %
130.
LTC/ETH
222 643 USD
0.02 %
131.
LTC/USDT
219 202 USD
0.02 %
132.
LTC/USD
179 167 USD
0.02 %
133.
LTC/ETH
161 391 USD
0.01 %
134.
LTC/USDT
156 545 USD
0.01 %
135.
LTC/USD
152 653 USD
0.01 %
136.
LTC/ETH
150 900 USD
0.01 %
137.
LTC/USDC
150 823 USD
0.01 %
138.
LTC/USD
149 015 USD
0.01 %
139.
LTC/BCH
147 818 USD
0.01 %
140.
LTC/USDC
142 588 USD
0.01 %
141.
LTC/BTC
141 700 USD
0.01 %
142.
LTC/ETH
141 212 USD
0.01 %
143.
LTC/BTC
137 025 USD
0.01 %
144.
LTC/BTC
117 077 USD
0.01 %
145.
LTC/BTC
116 665 USD
0.01 %
146.
LTC/USD
114 146 USD
0.01 %
147.
LTC/USD
108 259 USD
0.01 %
148.
LTC/BUSD
107 605 USD
0.01 %
149.
LTC/BTC
106 758 USD
0.01 %
150.
LTC/PAX
103 860 USD
0.01 %
151.
LTC/HUSD
101 330 USD
0.01 %
152.
LTC/ETH
98 818 USD
0.01 %
153.

FTX FTX

LTC/USD
97 430 USD
0.01 %
154.
LTC/ETH
95 359 USD
0.01 %
155.
LTC/BTC
93 180 USD
0.01 %
156.
LTC/VD
92 179 USD
0.01 %
157.
LTC/KRW
90 815 USD
0.01 %
158.
LTC/RUB
90 588 USD
0.01 %
159.

ZB ZB

LTC/BTC
85 922 USD
0.01 %
160.
LTC/HT
76 153 USD
0.01 %
161.
LTC/EUR
73 492 USD
0.01 %
162.
LTC/BTC
57 811 USD
0.01 %
163.
LTC/BTC
54 774 USD
0.01 %
164.
LTC/BNB
52 798 USD
0.00 %
165.
LTC/USDK
50 568 USD
0.00 %
166.
LTC/KRW
43 452 USD
0.00 %
167.
LTC/ETH
40 287 USD
0.00 %
168.
LTC/BTC
39 695 USD
0.00 %
169.
LTC/USD
38 948 USD
0.00 %
170.
LTC/RUB
35 214 USD
0.00 %
171.
LTC/UAH
29 766 USD
0.00 %
172.
LTC/USDT
29 051 USD
0.00 %
173.
LTC/PAX
27 105 USD
0.00 %
174.
LTC/TUSD
26 257 USD
0.00 %
175.
LTC/UAH
23 230 USD
0.00 %
176.
LTC/ETH
20 873 USD
0.00 %
177.
LTC/USD
19 471 USD
0.00 %
178.
LTC/BTC
19 364 USD
0.00 %
179.
LTC/ETH
18 850 USD
0.00 %
180.
LTC/EUR
18 575 USD
0.00 %
181.
LTC/KZT
17 053 USD
0.00 %
182.
LTC/RUB
16 946 USD
0.00 %
183.

FTX FTX

LTC/USDT
16 111 USD
0.00 %
184.
LTC/EUR
15 887 USD
0.00 %
185.
LTC/USDT
13 935 USD
0.00 %
186.
LTC/UQC
13 278 USD
0.00 %
187.
LTC/ETH
13 094 USD
0.00 %
188.
LTC/USDT
10 392 USD
0.00 %
189.
LTC/BTC
9 694 USD
0.00 %
190.
LTC/ETH
9 418 USD
0.00 %
191.
LTC/USDT
9 216 USD
0.00 %
192.
LTC/BTC
8 741 USD
0.00 %
193.
LTC/USDT
8 655 USD
0.00 %
194.
LTC/GBP
8 642 USD
0.00 %
195.
LTC/BTC
6 915 USD
0.00 %
196.
LTC/ETH
6 747 USD
0.00 %
197.
LTC/KCS
6 201 USD
0.00 %
198.
LTC/UAH
5 435 USD
0.00 %
199.
LTC/ETH
5 409 USD
0.00 %
200.
ETH/LTC
4 348 USD
0.00 %
201.
LTC/BTC
3 619 USD
0.00 %
202.
LTC/UAH
3 355 USD
0.00 %
203.
LTC/USDC
2 433 USD
0.00 %
204.
LTC/USD
2 186 USD
0.00 %
205.
LTC/AUD
1 998 USD
0.00 %
206.
LTC/BTC
1 958 USD
0.00 %
207.
LTC/ETH
1 419 USD
0.00 %
208.
LTC/ETH
1 419 USD
0.00 %
209.
LTC/BTC
1 358 USD
0.00 %
210.
LTC/BTC
1 208 USD
0.00 %
211.
LTC/GBP
905 USD
0.00 %
212.
LTC/ETH
462 USD
0.00 %
213.
LTC/BTC
369 USD
0.00 %
214.
LTC/BCH
263 USD
0.00 %
215.
LTC/BCH
263 USD
0.00 %
216.
LTC/USDC
203 USD
0.00 %
217.
LTC/EUR
201 USD
0.00 %
218.
LTC/BTC
143 USD
0.00 %
219.
LTC/USDT
46 USD
0.00 %
220.
LTC/BTC
41 USD
0.00 %
221.
LTC/EOS
40 USD
0.00 %
222.
LTC/ETH
19 USD
0.00 %
223.
LTC/USDT
17 USD
0.00 %
224.
LTC/DAI
15 USD
0.00 %
225.
LTC/BCH
7 USD
0.00 %
226.
LTC/RUB
0.0 USD
0.0 %
227.
LTC/USDT
0.0 USD
0.0 %
228.
LTC/TUSD
0.0 USD
0.0 %
229.
LTC/EURS
0.0 USD
0.0 %
230.
LTC/ETH
0.0 USD
0.0 %
231.
LTC/BTC
0.0 USD
0.0 %
232.
LTC/BTC
0.0 USD
0.0 %
233.
ZEC/LTC
0.0 USD
0.0 %

About Litecoin


Litecoin is a cryptographic payment system created in October 2011 on the basis of the Bitcoin code. Litecoin became the second altcoin (after Namecoin) and the third cryptocurrency in history. In the crypto community, it is conventionally called ‘digital silver’ by analogy with Bitcoin, which is deemed ‘digital gold.’

Litecoin project history

The founder of the project is Charles Lee. He published the source code of the core on 7 October 2011 and launched the distributed network on 13 October. Firstly, his network was less decentralized and secure but even then it stood out due to its increased scalability and fast transactions with minimum fees.

Charlie Lee advocates the ideas of Satoshi Nakamoto and promotes cryptocurrencies since day one. He did not strive to outrank or replace Bitcoin. His goal was to provide an alternative to the first cryptocurrency. Before his crypto project, Mr Lee worked as a software engineer in Guidewire Software (2003–2007) and in Google (2007–2013). While developing Litecoin at full blast, he was employed as an engineering manager by the Coinbase crypto exchange (2013–2017).

The project is officially owned by the Litecoin Foundation, which was a nonprofit organisation at first. Then in April 2017, the Foundation was registered in Singapore as a public company limited by guarantee. Charlie Lee is the managing director. Besides him, the board of directors includes Xinxi Wang, Alan Austin, and Zing Yang.

In December 2017, Charlie Lee sold his coin supply to avoid a conflict of interest and any influence on the litecoin price with the existing digital cash.

Litecoin cryptocurrency features

The payment system operates on the similarly-named coins — litecoins (on exchanges they received the LTC ticker). A litecoin is divided into 100 million fractions named litoshi.

Litecoin is very similar to Bitcoin: these systems have the same architecture and similar software code. Blockchains of both cryptocurrencies operate on the Proof-of-Work consensus algorithm. The difficulty of mining both coins is recalculated every 2016 blocks. The initial reward to miners was also the same — 50 coins per block.

However, Litecoin is not the Bitcoin’s branch because its blockchain did not separate from the parental one. Charlie Lee created it from scratch and borrowed only open source code and ideas. There were differences between cryptocurrencies from the start, and they multiplied over time:

Financial and technical parameters Litecoin Bitcoin
Issuance limitation 84 million LTC 21 million BTC
The time required to create a block and get the first transaction validated ~2.5 minutes ~10 minutes
Average commission for a transaction (in May 2020) 0.000290 LTC
(~$0.0129)
0.000569 BTC
(~$5.23)
Cryptographic hash function Scrypt SHA-256
The regular halving of reward Every 840 thousand blocks Every 210 thousand blocks
Current reward for a block 12.5 LTC
(from 5 August 2019)
6.25 BTC
(from 11 May 2020)
Average block size (in May 2020) 0.03 МБ 1.29 МБ
Blockchain size (in May 2020) 25.30 ГБ 277.90 ГБ

 

At first, litecoin addresses began with letter L or number 3. Since April 2017, after SegWit was activated, instead of the addresses with prefix 3, addresses with letter M came into use (they are now preferred). Some blockchain explorers or third-party wallets still support the old format with number 3. If the old address is not accepted somewhere, it can be converted to the new format via a P2SH converter.

The development team created the official wallet — Litecoin Core. This is full-fledged client software available for Windows, Linux, and macOS. There is simplified software — Electrum Litecoin, also for these three operating systems.

Litecoin price dynamics

Until the summer of 2012, early miners exchanged LTC coins only for BTC and less often for NMC, because there were no other cryptocurrencies. They had over-the-counter deals, and not through marketplaces but by personal agreement on forums. The first exchange rate was mentioned in April 2012: 1 LTC for 0.001 BTC. If you consider that BTC was already at 5.50 US dollars, then in terms of fiat, LTC was worth 0.000182 US dollars. In July 2012, LTC was listed on exchanges, where the first price was formed at 0.0325 US dollars.

LTC’s ups and downs in 2013–2018

Chronology of strong trends with a significant increase or decrease in the LTC price, which led to year’s highs and lows:

  • The year 2013. During a flat period on 23 October, a low was set at 1.70 USD. From 18 November to 5 December: 4.13 USD ⤴ 44.53 USD (a high). From 11 to 19 December: 36.29 USD ⤵ 13.43 USD.
  • The year 2014. From 1 to 7 January: 24.35 USD ⤴ 29.24 USD (a high). From 12 January to 3 March: 27.05 USD ⤵ 12.78 USD. During a flat period on 29 December, a low was set at 2.69 USD.
  • The year 2015. From 1 to 14 January: 2.70 USD ⤵ an all-time low of 1.16 USD. From 15 June to 9 July: 2.02 USD ⤴ 7.54 USD (a high).
  • The year 2016. From 7 to 15 January: 3.60 USD ⤵ 3.00 USD (a low). From 23 April to 16 June: 3.33 USD ⤴ 5.66 USD (a high).
  • The year 2017. During a flat period on 25 January, a low was set at 3.71 USD. From 24 November to 18 December: 77.97 ⤴ an all-time high of 358.34 USD. From 19 to 30 December: 350.25 USD ⤵ 218.96 USD.
  • The year 2018. From 1 to 6 January: 229.03 USD ⤴ 296.45 USD (a high). From 7 January to 5 February: 288.45 USD ⤵ 125.33 USD. From 6 November to 14 December: 55.95 USD ⤵ 23.46 USD (a low).

LTC price changes in 2019

On 13 January, while being in flat, LTC set a low of 30.33 USD, which it no longer approached in a year. Then for 2019, the Litecoin chart showed four notable trends:

  1. 📈 An uptrend from 7 February to 6 April: the price rose from 33.22 to 92.57 USD.
  2. 📈 An uptrend from 29 April to 22 June: the price rose from 67.96 to 141.90 USD, a high of the year.
  3. 📉 A downtrend from 23 June to 24 September: the price fell from 136.88 to 55.82 USD.
  4. 📉 A downtrend from 10 November to 17 December: the price fell from 63.84 to 37.08 USD.

The first uptrend happened because Charlie Lee made a promise to integrate MimbleWimble in 2019 and due to negotiations with the protocol developers. It had started before BTC went out of flat in April and gave a boost to altcoin prices, although LTC made a U-turn in the same month. In May and June, bulls started a rally on the market, and LTC participated there as well, which became the second uptrend.

The growth cannot last forever, so in late June it was replaced with correction, followed by a downtrend. An attempt to make a U-turn before halving in early August was unsuccessful. In late October, again thanks to the news about MimbleWimble, the price tried to recover for two weeks but could not consolidate and went down.

2020 litecoin prediction and prospects

In early January, analyst Tone Vays whipped up the tension with his prediction that Bitcoin will ‘kill’ Litecoin and even Ethereum in the course of 2020. However, the market showed the opposite situation: an altseason was obvious, and altcoins grew more than the main coin. The uptrend was the same for each coin — from 2 January to 14 February. During that period, litecoin went up from 39.82 to 82.99 US dollars, its increase was 108.4%. In stark contrast, bitcoin showed only 47.6% of increase.

Then a common downtrend happened, followed by the market crash due to a crisis. That period was also synchronously similar — from 15 February to 12 March, because altcoins followed bitcoin. Thus, litecoin went down from 76.51 to 30.93 US dollars (59.6% of decrease), which is currently the year’s bottom.

The crisis also does not last forever, so the market began to recover as early as 19 March. However, this process was difficult for litecoin: in a month, by 19 April, its price changed from 39.07 to 42.63 US dollars (only by 9.1%). Then litecoin went flat, and bitcoin continued its recovery. As a result, in two post-crisis months (19 March — 19 May), the ‘silver’ coin went up by 15.6%, and the ‘gold’ one by 56.9%. It looks like the prediction of Tone Vays is coming true, even though it is vague.

For comparison, here are the accurate LTC price predictions for 2020 from agencies regularly doing technical analysis:

Analysts August 2020 October 2020 December 2020
Digital Coin Price $61.75 $54.16 $55.76
Long Forecast (EFA) $38.57 $32.80 $34.30
Trading Beasts $38.59 $37.61 $36.30
Wallet Investor $26.89 $15.81 $36.60

 

Litecoin roadmap

The official roadmap is temporarily unavailable. In 2016–2017, the team published it on a separate website but then abandoned it, and now there is some kind of empty blog. So, we will create a simple map of past and announced upcoming significant events.

  • 25 August 2015: the first halving — reduction of reward for a block from 50 to 25 LTC.
  • 2 January 2016: the creation of LoafWallet, a mobile wallet for iOS (based on the Bread Wallet code).
  • 26 April 2017: a protocol update — Segregated Witness soft fork aimed to improve scalability and raise the block size limit up to 4 MB.
  • 10 May 2017: final activation of Segregated Witness and the first SegWit transaction for 0.05 LTC.
  • 5 November 2018: sale launch for LTC coin from the litecoin.com commercial website with the support of the Simplex provider.
  • 25 January 2019: slight rebranding of the project by changing a logo and vision.
  • 5 August 2019: the second halving — reduction of reward for a block from 25 to 12.5 LTC.
  • 23 October 2019: two proposals for improving the Litecoin protocol (LIP-0002 and LIP-0003) by integrating MimbleWimble to ensure the privacy of LTC transactions.
  • 30 October 2019: rebranding of the LoafWallet mobile wallet and update under the Litewallet brand.
  • 4 May 2020: launch of a testnet with integrated protocol MimbleWimble.
  • Summer 2020: MimbleWimble extension will be available in the mainnet. Litecoin will be considered an optional anonymous cryptocurrency.

Litecoin Foundation achievements

Like the stages on the roadmap, these events also affected the litecoin exchange rate to the US dollar:

  • 10 July 2018: the acquisition of 9.9% of stocks in WEG Bank AG from its owner, TokenPay Swiss AG.
  • 14–15 September 2018: Litecoin Summit 2018 in San Francisco, CA.
  • 29–30 December 2018: sponsoring the UFC 232 title fight — Jon Jones vs Alexander Gustafsson, which took place in Inglewood, CA.
  • 7–11 February 2019: sponsoring the annual Mammoth Film Festival in Mammoth Lakes, CA.
  • 19 October 2019: sponsoring the San Diego International Film Festival in San Diego, CA.
  • 28–29 October 2019: Litecoin Summit 2019 in Las Vegas as a part of the Vegas Blockchain Week.

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