Litecoin

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Litecoin About

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. Why Litecoin? Litecoin is a cryptocurrency that has evolved from Bitcoin after its own popularity in the industry, this alternative, or ‘altcoin’ has emerged to allow investors to diversify their digital currency package, according to Investopedia. Litecoin is one of the most prominent altcoins and was created by former Google employee and Director of Engineering at Coinbase, Charlie Lee. Litecoin was the first to alter Bitcoin and the most significant difference is that it takes 2.5 minutes for Litecoin to generate a block, or transaction, in comparison to Bitcoin's 10 minutes. ‘While this matters little to traders, miners who use hardware to run Bitcoin's network cannot switch over to Litecoin. This keeps bigger mining conglomerates away from Litecoin because they cannot easily optimize their profits by swapping to another coin, contributing to a more decentralized experience. Litecoin also has bigger blocks, and more coins in circulation, making it more affordable and swift when transacting,’ Investopedia explained. As explained above, Litecoin can transact a lot faster than Bitcoin, but there are also a number of other characteristics that investors need to know before trading. Litecoin can handle higher volumes of transactions because of the capability of transacting faster and if Bitcoin attempted to transact on the scale of its altcoin, a code update would be needed. However, Litecoin’s blocks would be larger, but with more ‘orphaned blocks'. The faster block time of litecoin reduces the risk of double spending attacks - this is theoretical in the case of both networks having the same hashing power. Litecoin Technical Details: The transaction confirmation time taken for Litecoin is about 2.5 minutes on average (as compared to Bitcoin's 10 minutes). The Litecoin network is scheduled to cap at 84 million currency units. Litecoin has inspired many other popular alternative currencies (eg. Dogecoin) because of its Scrypt hashing algorithm in order to prevent ASIC miners from mining those coins. However it is said that by the end of this year, Scrypt ASIC will enter the mass market.

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Cryptocurrencies

Litecoin

LTC/USDT

SPOT

$83.45+1.84% (24h)

Market Cap (#29)

$6.38 B

FDV: $6.38 B

P.Değ/FDV: 1.00

24h Volume & Range

$28.72M

Volume/P.Değ: 0.45%

Low/High:

$79.88$83.88

Range (24h):$4.00(5.01%)

Funding Rate

-0.0020%

Binance: 0.0036%

Bybit: -0.0109%

HyperLiq: 0.0013%

Open Interest

$152.94M

Binance: $69.79M

Bybit: $66.73M

HyperLiq: $16.42M

LTC/USDT Spot Chart

LTC Technical Analysis

$83.45+1.84%(24s)

* Data presented here is generated by COINOTAG AI for reference purposes only. Not investment advice.

Market Prices

Binance Spot$83.45

Binance Futures (USD-S)$83.3666

ByBit (Spot)$83.5334

Hyperliquid (Perp)$83.2831

Spot/Futures Farkı (Binance)-0.10%

Dominant Exchange (24h Volume)Binance (%75)

Detailed Information & Token Supply

Market Data

Market Cap Rank:

#29

Market Cap:

$6.38 B

Fully Diluted Valuation (FDV):

$6.38 B

24h Volume:

$28.72M

Funding Rate:

-0.0020%

Open Interest:

$152.94M

Token Supply

Circulating Supply:

76.60M LTC

Total Supply:

76.61M LTC

Maximum Supply:

84.00M LTC

Circulating Supply Percentage91.2%

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Litecoin About

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İlgili Kategoriler:

Home Flash Market Profile

LTC/USDT Spot Chart

LTC Technical Analysis

$83.45+1.84%(24s)

* Data presented here is generated by COINOTAG AI for reference purposes only. Not investment advice.

Market Prices

Binance Spot$83.45

Binance Futures (USD-S)$83.3666

ByBit (Spot)$83.5334

Hyperliquid (Perp)$83.2831

Spot/Futures Farkı (Binance)-0.10%

Dominant Exchange (24h Volume)Binance (%75)

Detailed Information & Token Supply

Market Data

Market Cap Rank:

#29

Market Cap:

$6.38 B

Fully Diluted Valuation (FDV):

$6.38 B

24h Volume:

$28.72M

Funding Rate:

-0.0020%

Open Interest:

$152.94M

Token Supply

Circulating Supply:

76.60M LTC

Total Supply:

76.61M LTC

Maximum Supply:

84.00M LTC

Circulating Supply Percentage91.2%

Important Links

Price Alerts

You need to sign in to set up alerts

Breaking News

Litecoin About

Bağlantılar ve Kaynaklar

İlgili Kategoriler:

LTC/USDT Spot Chart

LTC Technical Analysis

$83.45+1.84%(24s)

* Data presented here is generated by COINOTAG AI for reference purposes only. Not investment advice.

Market Prices

Binance Spot$83.45

Binance Futures (USD-S)$83.3666

ByBit (Spot)$83.5334

Hyperliquid (Perp)$83.2831

Spot/Futures Farkı (Binance)-0.10%

Dominant Exchange (24h Volume)Binance (%75)

Detailed Information & Token Supply

Market Data

Market Cap Rank:

#29

Market Cap:

$6.38 B

Fully Diluted Valuation (FDV):

$6.38 B

24h Volume:

$28.72M

Funding Rate:

-0.0020%

Open Interest:

$152.94M

Token Supply

Circulating Supply:

76.60M LTC

Total Supply:

76.61M LTC

Maximum Supply:

84.00M LTC

Circulating Supply Percentage91.2%

Important Links

Price Alerts

You need to sign in to set up alerts

Breaking News

Litecoin About

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