15

Rank

Litecoin, LTC

$52.18 ( 2.26% )

Market Cap

$3 686 404 823

24 Hour Volume

$244 651 869

Available Supply

70 648 093

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
63 177 873 USD
25.82 %
2.
LTC/USDT
22 338 761 USD
9.13 %
3.
LTC/USDT
13 688 017 USD
5.59 %
4.
LTC/BTC
11 664 208 USD
4.77 %
5.
LTC/USD
11 342 792 USD
4.64 %
6.
LTC/USDT
8 455 580 USD
3.46 %
7.

AAX AAX

LTC/USDT
7 789 965 USD
3.18 %
8.
LTC/USDT
7 342 756 USD
3.00 %
9.
LTC/USDT
6 600 423 USD
2.70 %
10.
LTC/USDT
5 838 191 USD
2.39 %
11.
LTC/USDT
5 665 560 USD
2.32 %
12.
LTC/BTC
4 909 467 USD
2.01 %
13.
LTC/USDT
4 741 612 USD
1.94 %
14.
LTC/BUSD
4 498 934 USD
1.84 %
15.
LTC/USDT
3 804 041 USD
1.55 %
16.
LTC/BTC
3 659 975 USD
1.50 %
17.

AAX AAX

LTC/BTC
3 404 661 USD
1.39 %
18.
LTC/USD
3 000 991 USD
1.23 %
19.
LTC/USDT
2 784 849 USD
1.14 %
20.

FTX FTX

LTC/USDT
2 536 401 USD
1.04 %
21.
LTC/USDT
2 506 158 USD
1.02 %
22.
LTC/USDT
2 186 015 USD
0.89 %
23.
LTC/BTC
2 014 937 USD
0.82 %
24.
LTC/USDC
1 946 346 USD
0.80 %
25.
LTC/ETH
1 901 662 USD
0.78 %
26.
LTC/BTC
1 892 058 USD
0.77 %
27.
LTC/BTC
1 868 164 USD
0.76 %
28.
LTC/USD
1 720 362 USD
0.70 %
29.
LTC/USDT
1 680 784 USD
0.69 %
30.
ETH/LTC
1 523 853 USD
0.62 %
31.
LTC/BTC
1 331 870 USD
0.54 %
32.
LTC/USDT
1 251 314 USD
0.51 %
33.
LTC/USDT
1 247 492 USD
0.51 %
34.
LTC/USDT
1 180 178 USD
0.48 %
35.
LTC/USDT
1 106 318 USD
0.45 %
36.
LTC/USDT
909 475 USD
0.37 %
37.
LTC/USDT
869 418 USD
0.36 %
38.
LTC/USD
836 024 USD
0.34 %
39.
LTC/VET
768 270 USD
0.31 %
40.
LTC/EUR
745 123 USD
0.30 %
41.
LTC/ETH
672 906 USD
0.28 %
42.
LTC/BTC
669 807 USD
0.27 %
43.
LTC/USDT
663 364 USD
0.27 %
44.
LTC/EUR
656 938 USD
0.27 %
45.
LTC/USD
638 663 USD
0.26 %
46.
LTC/XRP
629 871 USD
0.26 %
47.
LTC/BTC
629 650 USD
0.26 %
48.
LTC/UAH
582 592 USD
0.24 %
49.
LTC/USD
534 643 USD
0.22 %
50.
LTC/USDT
531 347 USD
0.22 %
51.
LTC/USDC
494 241 USD
0.20 %
52.
LTC/BTC
489 489 USD
0.20 %
53.
LTC/TRX
475 981 USD
0.19 %
54.
LTC/USD
475 582 USD
0.19 %
55.
LTC/USDT
460 153 USD
0.19 %
56.
LTC/USDT
434 538 USD
0.18 %
57.
LTC/ETH
417 198 USD
0.17 %
58.
LTC/BTC
386 004 USD
0.16 %
59.
LTC/USDT
381 041 USD
0.16 %
60.
LTC/EUR
371 477 USD
0.15 %
61.
LTC/BTC
370 125 USD
0.15 %
62.
LTC/ETH
341 418 USD
0.14 %
63.
LTC/USDT
332 884 USD
0.14 %
64.
LTC/ETH
304 882 USD
0.12 %
65.
LTC/EUR
295 337 USD
0.12 %
66.
LTC/BTC
294 772 USD
0.12 %
67.
LTC/BTC
291 470 USD
0.12 %
68.
LTC/BTC
235 587 USD
0.10 %
69.
LTC/BTC
213 334 USD
0.09 %
70.
LTC/MYR
208 056 USD
0.09 %
71.
LTC/USDT
197 203 USD
0.08 %
72.
LTC/USDT
195 335 USD
0.08 %
73.
LTC/ETH
193 804 USD
0.08 %
74.
LTC/ZAR
186 330 USD
0.08 %
75.
LTC/BTC
183 982 USD
0.08 %
76.
LTC/BTC
169 577 USD
0.07 %
77.
LTC/BTC
164 273 USD
0.07 %
78.
LTC/ETH
154 180 USD
0.06 %
79.
LTC/BTC
146 633 USD
0.06 %
80.
LTC/BTC
144 741 USD
0.06 %
81.
LTC/BNB
143 306 USD
0.06 %
82.
LTC/BTC
131 594 USD
0.05 %
83.
LTC/GBP
130 898 USD
0.05 %
84.
LTC/TRY
127 528 USD
0.05 %
85.
LTC/USDT
115 246 USD
0.05 %
86.
LTC/BTC
110 690 USD
0.05 %
87.
LTC/BTC
108 910 USD
0.04 %
88.
LTC/USDF
108 141 USD
0.04 %
89.
LTC/USDT
95 763 USD
0.04 %
90.
LTC/BRL
93 944 USD
0.04 %
91.
LTC/GBP
91 770 USD
0.04 %
92.
LTC/BTC
89 445 USD
0.04 %
93.
LTC/RUB
88 980 USD
0.04 %
94.
LTC/ETH
86 765 USD
0.04 %
95.
LTC/BTC
81 079 USD
0.03 %
96.
LTC/USDT
77 900 USD
0.03 %
97.
LTC/USDC
73 246 USD
0.03 %
98.
LTC/BTC
68 354 USD
0.03 %
99.
LTC/ETH
61 922 USD
0.03 %
100.
LTC/USDT
59 708 USD
0.02 %
101.
LTC/USD
57 867 USD
0.02 %
102.

FTX FTX

LTC/BTC
55 632 USD
0.02 %
103.
LTC/BTC
54 897 USD
0.02 %
104.
LTC/BTC
51 189 USD
0.02 %
105.
LTC/BTC
48 972 USD
0.02 %
106.
LTC/ETH
38 592 USD
0.02 %
107.
LTC/ETH
36 051 USD
0.01 %
108.
LTC/BTC
33 277 USD
0.01 %
109.
LTC/ETH
31 028 USD
0.01 %
110.
LTC/RUB
27 442 USD
0.01 %
111.
LTC/USD
26 762 USD
0.01 %
112.
LTC/HT
25 988 USD
0.01 %
113.
LTC/USDT
25 821 USD
0.01 %
114.
LTC/ETH
22 604 USD
0.01 %
115.
LTC/KCS
21 826 USD
0.01 %
116.
LTC/USDC
20 812 USD
0.01 %
117.
LTC/UAH
18 991 USD
0.01 %
118.
LTC/BTC
16 083 USD
0.01 %
119.
LTC/HUSD
14 812 USD
0.01 %
120.
LTC/USDT
14 729 USD
0.01 %
121.
LTC/OKB
14 681 USD
0.01 %
122.
LTC/GBP
10 013 USD
0.00 %
123.
LTC/BTC
9 822 USD
0.00 %
124.
LTC/USDC
8 981 USD
0.00 %
125.
LTC/USDT
7 680 USD
0.00 %
126.
LTC/UAH
6 120 USD
0.00 %
127.
LTC/BCH
5 835 USD
0.00 %
128.
LTC/UQC
5 325 USD
0.00 %
129.
LTC/EUR
5 233 USD
0.00 %
130.
LTC/INR
5 056 USD
0.00 %
131.
LTC/USDT
4 909 USD
0.00 %
132.
LTC/EUR
4 699 USD
0.00 %
133.
LTC/ETH
3 211 USD
0.00 %
134.
LTC/BTC
2 473 USD
0.00 %
135.
LTC/BTC
2 386 USD
0.00 %
136.
LTC/ETH
2 184 USD
0.00 %
137.
LTC/BTC
2 149 USD
0.00 %
138.
LTC/BTC
1 953 USD
0.00 %
139.
LTC/ETH
1 800 USD
0.00 %
140.
LTC/BTC
1 501 USD
0.00 %
141.
LTC/BNB
1 124 USD
0.00 %
142.
LTC/ETH
1 005 USD
0.00 %
143.
LTC/BTC
645 USD
0.00 %
144.
LTC/BTC
513 USD
0.00 %
145.
LTC/EUR
284 USD
0.00 %
146.
LTC/GBP
239 USD
0.00 %
147.
LTC/WRX
203 USD
0.00 %
148.
SPIZ/LTC
76 USD
0.00 %
149.
LTC/BTC
16 USD
0.00 %
150.
LTC/ETH
0.0 USD
0.0 %
151.
LTC/USDT
0.0 USD
0.0 %
152.
LTC/ETH
0.0 USD
0.0 %
153.

ZBG ZBG

LTC/USDT
0.0 USD
0.0 %
154.
LTC/BTC
0.0 USD
0.0 %
155.
LTC/TUSD
0.0 USD
0.0 %
156.
ZEC/LTC
0.0 USD
0.0 %
157.
LTC/THB
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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