10

Rank

Litecoin, LTC

$190.72 ( -2.89% )

Market Cap

$13 172 594 646

24 Hour Volume

$907 181 795

Available Supply

69 067 994

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
115 954 738 USD
12.17 %
2.
LTC/USD
57 942 366 USD
6.08 %
3.
LTC/USDT
52 843 719 USD
5.55 %
4.
LTC/USDT
49 877 269 USD
5.24 %
5.
LTC/USDT
42 439 458 USD
4.45 %
6.
LTC/USDT
41 756 495 USD
4.38 %
7.
LTC/BTC
40 049 419 USD
4.20 %
8.

FTX FTX

LTC/USD
34 894 397 USD
3.66 %
9.
LTC/USDT
29 639 484 USD
3.11 %
10.
LTC/USDT
29 405 937 USD
3.09 %
11.
LTC/USDT
28 106 498 USD
2.95 %
12.
LTC/USDT
20 874 712 USD
2.19 %
13.
LTC/BTC
20 843 572 USD
2.19 %
14.
LTC/USDT
19 979 741 USD
2.10 %
15.
LTC/BTC
18 453 904 USD
1.94 %
16.
LTC/ETH
16 579 417 USD
1.74 %
17.
LTC/USDT
15 968 947 USD
1.68 %
18.
LTC/USDT
14 201 122 USD
1.49 %
19.
LTC/USD
13 802 724 USD
1.45 %
20.
LTC/KRW
13 596 942 USD
1.43 %
21.

FTX FTX

LTC/USDT
13 047 930 USD
1.37 %
22.
LTC/USDT
11 986 692 USD
1.26 %
23.
LTC/USDT
11 412 242 USD
1.20 %
24.
LTC/BTC
10 161 889 USD
1.07 %
25.
LTC/BTC
10 149 432 USD
1.07 %
26.
LTC/BUSD
8 636 909 USD
0.91 %
27.
LTC/OKB
8 614 304 USD
0.90 %
28.
LTC/USDT
8 573 528 USD
0.90 %
29.
LTC/BTC
7 075 202 USD
0.74 %
30.
LTC/USDT
6 950 796 USD
0.73 %
31.
LTC/USD
6 945 494 USD
0.73 %
32.
LTC/USD
6 745 185 USD
0.71 %
33.

AAX AAX

LTC/USDT
6 741 482 USD
0.71 %
34.
LTC/BTC
6 555 712 USD
0.69 %
35.
LTC/USDT
6 409 639 USD
0.67 %
36.
LTC/BTC
6 299 387 USD
0.66 %
37.
LTC/EUR
5 826 768 USD
0.61 %
38.
LTC/USD
5 721 222 USD
0.60 %
39.
ETH/LTC
5 566 398 USD
0.58 %
40.
LTC/USDT
5 523 762 USD
0.58 %
41.
LTC/USD
4 667 749 USD
0.49 %
42.
LTC/EUR
4 086 341 USD
0.43 %
43.
LTC/BTC
3 995 680 USD
0.42 %
44.
LTC/USDT
3 663 298 USD
0.38 %
45.
LTC/KRW
3 361 891 USD
0.35 %
46.
LTC/USDK
3 204 204 USD
0.34 %
47.
LTC/BTC
3 131 432 USD
0.33 %
48.
LTC/USDT
3 117 492 USD
0.33 %
49.
LTC/BTC
3 045 790 USD
0.32 %
50.
LTC/BTC
3 037 503 USD
0.32 %
51.
LTC/ETH
2 975 857 USD
0.31 %
52.
LTC/USDT
2 972 920 USD
0.31 %
53.
LTC/ETH
2 955 301 USD
0.31 %
54.
LTC/BTC
2 806 025 USD
0.29 %
55.
LTC/EUR
2 595 219 USD
0.27 %
56.
LTC/BTC
2 538 384 USD
0.27 %
57.
LTC/USD
2 530 831 USD
0.27 %
58.
LTC/VET
2 519 533 USD
0.26 %
59.
LTC/BTC
2 510 796 USD
0.26 %
60.
LTC/BTC
2 324 973 USD
0.24 %
61.
LTC/USDT
2 155 144 USD
0.23 %
62.
LTC/BTC
2 125 113 USD
0.22 %
63.
LTC/ETH
2 108 756 USD
0.22 %
64.
LTC/EUR
1 974 341 USD
0.21 %
65.
LTC/USDT
1 853 457 USD
0.19 %
66.
LTC/BTC
1 816 094 USD
0.19 %
67.
LTC/BNB
1 749 744 USD
0.18 %
68.
LTC/BTC
1 711 210 USD
0.18 %
69.
LTC/USDT
1 585 346 USD
0.17 %
70.
LTC/GBP
1 312 170 USD
0.14 %
71.
LTC/TRY
1 202 803 USD
0.13 %
72.
LTC/USDT
1 186 904 USD
0.12 %
73.
LTC/BTC
1 180 521 USD
0.12 %
74.
LTC/USD
1 160 069 USD
0.12 %
75.
LTC/USDT
1 149 404 USD
0.12 %
76.
LTC/BTC
1 127 785 USD
0.12 %
77.
LTC/USDC
1 097 303 USD
0.12 %
78.
LTC/USD
1 032 592 USD
0.11 %
79.
LTC/EUR
1 010 831 USD
0.11 %
80.
LTC/BTC
943 746 USD
0.10 %
81.
LTC/RUB
841 351 USD
0.09 %
82.
LTC/THB
806 174 USD
0.08 %
83.
LTC/USDT
775 167 USD
0.08 %
84.
LTC/USDT
737 893 USD
0.08 %
85.
LTC/USDT
666 790 USD
0.07 %
86.
LTC/BTC
660 889 USD
0.07 %
87.
LTC/USDT
657 126 USD
0.07 %
88.
LTC/USDT
657 126 USD
0.07 %
89.
LTC/BTC
656 878 USD
0.07 %
90.
LTC/USDT
652 530 USD
0.07 %
91.
LTC/BTC
622 827 USD
0.07 %
92.
LTC/BTC
615 761 USD
0.06 %
93.
LTC/USDT
604 621 USD
0.06 %
94.
LTC/MYR
599 994 USD
0.06 %
95.
LTC/ETH
592 216 USD
0.06 %
96.
LTC/USDT
584 141 USD
0.06 %
97.
LTC/USDT
583 994 USD
0.06 %
98.
LTC/BTC
576 348 USD
0.06 %
99.
LTC/BTC
563 589 USD
0.06 %
100.
LTC/BTC
545 574 USD
0.06 %
101.

FTX FTX

LTC/BTC
542 569 USD
0.06 %
102.
LTC/ETH
539 331 USD
0.06 %
103.
LTC/USDT
523 540 USD
0.05 %
104.
LTC/USDT
520 554 USD
0.05 %
105.
LTC/ETH
505 324 USD
0.05 %
106.
LTC/ETH
501 231 USD
0.05 %
107.
LTC/ZAR
411 320 USD
0.04 %
108.
LTC/USD
390 216 USD
0.04 %
109.
LTC/USDF
383 558 USD
0.04 %
110.
LTC/USDC
378 159 USD
0.04 %
111.
LTC/BRL
369 601 USD
0.04 %
112.
LTC/GBP
355 423 USD
0.04 %
113.
LTC/KRW
345 765 USD
0.04 %
114.
LTC/BTC
311 957 USD
0.03 %
115.
LTC/BTC
311 957 USD
0.03 %
116.
LTC/USDT
299 120 USD
0.03 %
117.
LTC/ETH
296 436 USD
0.03 %
118.
LTC/HUSD
287 280 USD
0.03 %
119.
LTC/USDT
282 111 USD
0.03 %
120.
LTC/USD
265 153 USD
0.03 %
121.
LTC/ETH
230 008 USD
0.02 %
122.
LTC/USDT
207 884 USD
0.02 %
123.
LTC/GBP
203 820 USD
0.02 %
124.
LTC/PLN
203 195 USD
0.02 %
125.
LTC/USDC
176 784 USD
0.02 %
126.
LTC/RUB
176 519 USD
0.02 %
127.
LTC/INR
169 179 USD
0.02 %
128.
LTC/HT
164 348 USD
0.02 %
129.
LTC/ETH
158 913 USD
0.02 %
130.
LTC/TRX
155 475 USD
0.02 %
131.
LTC/EUR
148 905 USD
0.02 %
132.
LTC/USDT
147 916 USD
0.02 %
133.
LTC/TUSD
134 769 USD
0.01 %
134.
LTC/UAH
128 828 USD
0.01 %
135.
LTC/ETH
126 212 USD
0.01 %
136.
LTC/BTC
124 017 USD
0.01 %
137.
LTC/BTC
111 568 USD
0.01 %
138.
LTC/BTC
84 985 USD
0.01 %
139.
LTC/BUSD
82 767 USD
0.01 %
140.
LTC/RUB
81 702 USD
0.01 %
141.
LTC/BTC
75 526 USD
0.01 %
142.
LTC/BTC
71 123 USD
0.01 %
143.
LTC/USDT
67 406 USD
0.01 %
144.
LTC/CRO
64 198 USD
0.01 %
145.
LTC/UQC
62 169 USD
0.01 %
146.
LTC/EUR
62 033 USD
0.01 %
147.
LTC/ETH
60 714 USD
0.01 %
148.
LTC/TUSD
58 507 USD
0.01 %
149.
LTC/KCS
57 060 USD
0.01 %
150.
LTC/BTC
50 259 USD
0.01 %
151.

AAX AAX

LTC/BTC
44 070 USD
0.00 %
152.
LTC/BTC
42 626 USD
0.00 %
153.
LTC/BNB
41 751 USD
0.00 %
154.
LTC/USDT
37 441 USD
0.00 %
155.
LTC/BTC
35 730 USD
0.00 %
156.
LTC/AUD
32 220 USD
0.00 %
157.
LTC/GBP
31 815 USD
0.00 %
158.
LTC/UAH
28 123 USD
0.00 %
159.
LTC/ETH
27 288 USD
0.00 %
160.
LTC/BTC
22 833 USD
0.00 %
161.
LTC/USDC
21 785 USD
0.00 %
162.
LTC/ETH
21 132 USD
0.00 %
163.
LTC/USDT
17 788 USD
0.00 %
164.
LTC/USDT
16 035 USD
0.00 %
165.
LTC/USDC
15 841 USD
0.00 %
166.
LTC/BTC
15 598 USD
0.00 %
167.
LTC/ETH
13 954 USD
0.00 %
168.
LTC/EUR
13 473 USD
0.00 %
169.
LTC/BCH
9 826 USD
0.00 %
170.
LTC/BTC
8 702 USD
0.00 %
171.
LTC/BTC
7 774 USD
0.00 %
172.
LTC/UAH
7 301 USD
0.00 %
173.
LTC/WRX
7 060 USD
0.00 %
174.
LTC/USD
6 965 USD
0.00 %
175.
LTC/BTC
6 490 USD
0.00 %
176.
LTC/USDT
5 682 USD
0.00 %
177.
LTC/EUR
5 403 USD
0.00 %
178.
LTC/JPY
5 343 USD
0.00 %
179.
ZEC/LTC
5 267 USD
0.00 %
180.
LTC/GBP
5 125 USD
0.00 %
181.
LTC/ETH
4 273 USD
0.00 %
182.
LTC/ETH
3 742 USD
0.00 %
183.
LTC/ETH
3 478 USD
0.00 %
184.
LTC/BTC
2 993 USD
0.00 %
185.
LTC/BTC
2 851 USD
0.00 %
186.
LTC/ETH
2 338 USD
0.00 %
187.
LTC/ETH
2 338 USD
0.00 %
188.
LTC/BTC
1 836 USD
0.00 %
189.
LTC/BTC
1 156 USD
0.00 %
190.
808TA/LTC
923 USD
0.00 %
191.
LTC/USD
776 USD
0.00 %
192.
SPIZ/LTC
244 USD
0.00 %
193.
LTC/BTC
51 USD
0.00 %
194.
LTC/BCH
50 USD
0.00 %
195.
LTC/ETH
49 USD
0.00 %
196.
LTC/TUSD
0 USD
0.00 %
197.
ETNXP/LTC
0 USD
0.00 %
198.
LTC/BTC
0.0 USD
0.0 %
199.
LTC/GBP
0.0 USD
0.0 %
200.

ZBG ZBG

LTC/USDT
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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