Litecoin $LTC

$42.11 -4.05%
InfrastructureSmart Contract PlatformLayer 1 (L1)Proof of Work (PoW)GMCI 30 IndexGMCI IndexMade in USACoinbase 50 Index
Market Cap
$3.25B
24h Volume
$243.49M
24h Change
-4.05%

Price (7D)

LTC Markets

View DEX Screener
PairDEXChainPrice24h VolumeLiquidity
LTC/USDT PancakeSwap V2 BNB Chain $0.8435 $2.7k $29.89k
LTC/USDT PancakeSwap V2 BNB Chain $0.7476 $2.58k $27.16k
LTC/Cake 0.034% PancakeSwap Infinity CLMM BNB Chain $42.92 $1.65k $9.22k
LTC/WAVAX Trader Joe V2.2 AAvalanche $0.0₈611 $305 $0
LTC/WTRX SunSwap V2 Tron $0.0₅756 $8 $14.07k
LTC/USDT PancakeSwap V2 BNB Chain $0.0₅320 $5 $0
LTC/WETH 0.3% Uniswap V3 Ethereum $46.19 $0 $1.77B
LTC/WETH 0.01% Uniswap V3 Ethereum $45.15 $0 $7.81B
LTC/WETH 0.3% Uniswap V3 Ethereum $46.03 $0 $1.76B
LTC/WETH 0.3% Uniswap V3 Ethereum $108.61 $0 $541.32M
LTC/WETH 0.01% Uniswap V3 Ethereum $44.38 $0 $1.7B
LTC/WETH 0.3% Uniswap V3 Ethereum $106.64 $0 $531.59M

About Litecoin

Litecoin is a decentralized, peer-to-peer digital currency designed to enable instant, near-zero cost payments to individuals and merchants worldwide. As an open-source global payment network that functions independently of central banks or intermediaries, its main value proposition lies in providing a scarce digital asset with a fixed maximum supply of 84 million tokens.

The network operates using a Proof of Work mechanism where computers solve complex puzzles to confirm transactions and secure the blockchain. It is distinguished by a block generation time of 2.5 minutes, which allows for faster transaction confirmations and a higher total throughput than earlier protocols. Key technical features include the Scrypt hashing algorithm, which promotes wider network participation, and MimbleWimble Extension Blocks, which improve user privacy by allowing transaction details to be hidden.

The LTC token is used for settling global payments, executing microtransactions through smaller units called litoshis, and diversifying digital portfolios with a highly liquid asset. New tokens are issued to miners as rewards for verifying blocks, though these rewards undergo a halving event approximately every four years to strictly control inflation. This process ensures the ledger maintains immutability, meaning records cannot be changed once they are saved to the global network.