Current Litecoin Price Data
LTC Shows Weekly Growth Despite Recent Dip
Today's Litecoin price stands at $86.05**, with a 24-hour trading volume of **$310,282,237. Over the past day, LTC experienced a -1.32% price decline, followed by a -0.56% drop in the last hour. The cryptocurrency's total circulating supply reaches 76,024,508.23 LTC out of a maximum 76,025,026.98 LTC, currently ranking #25 on CoinGecko.
Key Market Metrics:
- Market Capitalization: $6.54 billion
- Circulating Supply: 76.02 million LTC
- Fully Diluted Market Cap: $6.54 billion
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LTC to USD Conversion
Current exchange rate at 06:54 via TabTrader (using CoinGecko conversion):
- 1 LTC = $86.05 USD
- Inverse rate: 1 USD = [calculated LTC value]
Recent Price Calculation Methods
- Litecoin to US Dollar conversion
- US Dollar to Litecoin conversion
About Litecoin (LTC)
Created in October 2011 by former Google engineer Charlie Lee, Litecoin emerged as one of the first successful Bitcoin alternatives. This peer-to-peer cryptocurrency addresses several Bitcoin limitations through:
Technical Advantages:
- Faster block processing (2.5 minutes vs Bitcoin's 10 minutes)
- Lower transaction fees
- Enhanced network throughput
- Improved decentralization
Litecoin utilizes the Scrypt hashing algorithm—more memory-intensive than Bitcoin's SHA-256—making it less susceptible to ASIC mining dominance. These features position LTC as an efficient solution for:
- Microtransactions
- Point-of-sale payments
- Daily crypto transactions
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FAQ Section
Q: What makes Litecoin different from Bitcoin?
A: While both use Proof-of-Work, Litecoin features faster block times (2.5 min), Scrypt hashing algorithm, and lower transaction fees compared to Bitcoin.
Q: How can I use Litecoin for daily transactions?
A: Many merchants accept LTC due to its fast confirmations. Wallet apps and crypto payment processors facilitate Litecoin payments.
Q: Is Litecoin a good investment compared to other altcoins?
A: As one of the oldest cryptocurrencies with strong liquidity and adoption, LTC remains a prominent option, though investors should always conduct personal research.
Q: Where can I securely store Litecoin?
A: Recommended options include hardware wallets (Ledger/Trezor), official Litecoin Core wallet, or reputable exchanges with cold storage.