LTC
Litecoin
LTC

Litecoin price

in USD
$118.14
+$3.260 (+2.83%)
USD
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Market cap
$9.02B #16
Circulating supply
76.31M / 84M
All-time high
$413.24
24h volume
$657.58M
3.8 / 5
LTCLTC
USDUSD

About Litecoin

Litecoin (LTC), often referred to as 'digital silver,' is one of the earliest and most enduring cryptocurrencies. Created to complement Bitcoin, Litecoin offers faster transaction times and lower fees, making it ideal for everyday payments and cross-border transfers. It utilizes a unique mining algorithm called Scrypt, which ensures security while enabling broader participation in the mining process. Trusted for its reliability and over a decade of uninterrupted operation, Litecoin is widely accepted by merchants, integrated into payment systems, and supported in financial products like ETFs and retirement accounts. Whether you're new to crypto or looking for a proven asset, Litecoin's legacy and utility make it a dependable choice.
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Last audit: 29 Dec 2021, (UTC+8)

Litecoin’s price performance

Past year
+88.48%
$62.68
3 months
+41.01%
$83.78
30 days
+3.51%
$114.13
7 days
+3.70%
$113.92
70%
Buying
Updated hourly.
More people are buying LTC than selling on OKX
Buy Litecoin

Litecoin on socials

白丁 🦅🟠 $FF
白丁 🦅🟠 $FF
It makes sense, if you are confident enough, you can buy spot with over-the-counter consumer loans In addition, each exchange has a "pledge loan" function, and the borrowing interest rate of U is generally 3-5%, and you can stake your spot to borrow coins Play less leverage, 98% of contract people lose money in the short term, and 99.5% of people lose money in the long run (don't leverage, I have seen the background data on the exchange)
阿马有你真好
阿马有你真好
I actually never understood why people open leveraged contracts; I always feel it's just too stupid. Clearly, there are implicit leverage/zero-cost leverage options available, yet they choose the method that makes it easiest to lose. Leveraging has its costs; the explicit cost is the constant erosion of funding fees, while the implicit cost is the increased risk of liquidation. For example, if you go long during a bad market, the fee rate for 1x leverage is 1% per month, but when the market picks up, you might have to bear a funding cost of 10% in a month; after adding leverage, the costs are even higher, and the risk of liquidation increases exponentially with the leverage multiplier. If you must leverage, why not take an off-exchange consumer loan and then buy spot? For instance, if your principal is 200,000, you could use a consumer loan to get 600,000, and then buy spot; this would be 4x leverage, with a funding cost of only 3% per year. (Of course, this method is not recommended, as most people still cannot change the outcome of losing money.) In the market, there are actually many implicit leverage or zero-cost leverage options: Spot is essentially a zero-cost leverage model; the cost of leveraging is actually borne by the gamblers and the "bandages" in the circle. For example: Holding spot is very different from playing contracts, and the longer the cycle, the greater the difference. Spot can serve as a credit asset for some side plays; holding it allows you to earn a share of the profits in this game. If you buy spot and stake it for rent, you might gain about 30-50% more chips in a year. Then, in the next market, if it rises by 50%, you double your investment; if it drops by 20-30%, you might not even lose money; while your returns are amplified, your margin for error is also much larger. Contracts, on the other hand, are a betting game based on asset pricing; if you play the game, you have to spend money, and the funding cost is the threshold for playing. If the price remains unchanged, holding a 1x leveraged contract for a year might result in a net value of 0.8, which is nearly half the difference compared to a spot strategy; the greater the leverage, the larger the gap, and the longer the time, the greater the difference. The former benefits from the time-based play, while the latter continuously incurs time value loss; mathematically, the odds are actually quite different. Choosing assets is also a form of zero-cost leverage: In a market cycle, different assets perform differently. For example, in the last cycle, SUI and BGB rose tenfold; if you were still watching EOS and LTC, you could only enjoy a 6.70% increase. If you have the ability to select strong assets, you essentially add 3-5 times leverage without funding costs or liquidation risks, achieving astonishing profits without taking on extra risks, and you won't just get wiped out by a random spike. Long-term spot as a zero-cost leverage requires patience, while selecting assets as a zero-cost leverage requires skill. Most people lack both, and they also lack confidence in themselves and are unwilling to put in the effort, choosing the most obvious pitfall, losing dozens of points in a year without realizing it, while fantasizing about making big money, only to end up completely wiped out. Private message to Ama: Ama, I only opened 5x leverage and still got liquidated; I don't know what to do 🌶️😭😭😭 My life feels like walking on thin ice; do you think I can still reach the other side? 😭😭😭
537
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John Kim 🇰🇷
John Kim 🇰🇷
Not bad. HIGHERRRR! $LTC
Anonymous | Crypto Predictions
Anonymous | Crypto Predictions
🚨Prediction🚨 #LTC - Price Prediction $368 - $484 (Nov/Dec). #Litecoin #PricePrediction #Crypto #Altseason
Gallery 1
791
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Quantify Crypto
Quantify Crypto
A very Green crypto day. #Crypto #Heatmaps
Gallery 1
9.37K
0
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Litecoin FAQ

Litecoin uses the Proof of Work consensus mechanism, where miners solve a complex mathematical problem to win the chance to verify transactions and create a block. These miners receive mining rewards for their efforts. During each halving, the mining rewards are reduced by 50 percent to slow the creation of new tokens. For example, after the second halving in August 2019, the mining rewards were reduced to 12.5 LTC from 25 LTC.

Easily buy LTC tokens on the OKX cryptocurrency platform. Available trading pairs in the OKX spot trading terminal include LTC/USDT, LTC/USDC, LTC/ETH and LTC/BTC.

You can also buy LTC with over 99 fiat currencies by selecting the "Express buy" option. Other popular crypto tokens, such as Bitcoin (BTC), Ethereum (ETH), Tether (USDT), and USD Coin (USDC), are also available.

Additionally, you can swap your existing cryptocurrencies, including XRP (XRP), Cardano (ADA), Solana (SOL), and Chainlink (LINK), for LTC with zero fees and no price slippage by using OKX Convert.

To view the estimated real-time conversion prices between fiat currencies, such as the USD, EUR, GBP, and others, into LTC, visit the OKX Crypto Converter Calculator. OKX's high-liquidity crypto exchange ensures the best prices for your crypto purchases.

Litecoin was developed from a fork in the Bitcoin network and, therefore, uses Bitcoin's source code. However, Litecoin differs from Bitcoin in several ways, including transaction processing speed, fees, and privacy. Litecoin can process 54 transactions per second compared to five transactions processed per second on the Bitcoin network. Because of the speed of transactions, each new block on the Litecoin network is generated in about 2 minutes and 20 seconds, compared to 10 minutes on Bitcoin. Transaction fees on Litecoin are also comparatively lower than Bitcoin. Additionally, after the MimbleWimble upgrade, Litecoin offers greater privacy and scalability than Bitcoin.

Currently, one Litecoin is worth $118.14. For answers and insight into Litecoin's price action, you're in the right place. Explore the latest Litecoin charts and trade responsibly with OKX.
Cryptocurrencies, such as Litecoin, are digital assets that operate on a public ledger called blockchains. Learn more about coins and tokens offered on OKX and their different attributes, which includes live prices and real-time charts.
Thanks to the 2008 financial crisis, interest in decentralized finance boomed. Bitcoin offered a novel solution by being a secure digital asset on a decentralized network. Since then, many other tokens such as Litecoin have been created as well.
Check out our Litecoin price prediction page to forecast future prices and determine your price targets.

Dive deeper into Litecoin

Developed in 2011 as a fork of the Bitcoin network, Litecoin aimed to improve upon Bitcoin's shortcomings. It was the first altcoin, and its goal was to offer a decentralized peer-to-peer (P2P) currency with faster transaction processing times and lower fees than Bitcoin.

Built with payments in mind, Litecoin outperforms Bitcoin in terms of transaction speed and confirmation time. While Bitcoin can process approximately five transactions per second, Litecoin has a capacity of 56 transactions per second. The network's confirmation time is also significantly shorter, taking approximately two minutes and 20 seconds compared to Bitcoin's, of nearly 10 minutes per block.

Even after over a decade, Litecoin remains committed to providing users with low-cost, private, secure, and borderless payment solutions. Its vision is to enable individuals to send payments anywhere in the world at any time, making it a practical and accessible digital currency for everyday transactions. Litecoin's usage as a payment method has increased over the years, with merchants, including the American Red Cross, Newegg, and Twitch, accepting LTC as payment.

How does Litecoin work

Litecoin was created from the original Bitcoin source code. That said, it has several differences, which make it faster, cheaper, and more accessible. Here are the components that make Litecoin different:

Scrypt hashing

Litecoin was launched with a unique algorithmic architecture called Scrypt. Scrypt uses less processing power than Bitcoin’s SHA-256 algorithm, lowering the entry barriers for miners and promoting network decentralization. Scrypt also protects Litecoin from potential attacks by miners.

SegWit (Segregated Witness)

SegWit was initially proposed for Bitcoin but was first adopted by the Litecoin network. It separates the witness data (digital signature data) from the transaction data, allowing for more transactions to be included in each block and increasing the overall capacity and scalability of the network. The successful implementation of SegWit on Litecoin served as a testbed and paved the way for its subsequent adoption on the Bitcoin network.

MimbleWimble upgrade

Litecoin also launched its highly anticipated MimbleWimble upgrade, which allows for anonymous transactions on the network, similar to other private networks like Zcash (ZEC) and Monero (XMR). MimbleWimble's integration with Litecoin via extension blocks (MWEB) allowed users to conceal transaction information, thereby increasing privacy. The upgrade was released in January 2022 and activated in May.

The MimbleWimble upgrade was first suggested in October 2019 in two Litecoin improvement proposals. Then, in October 2020, the network launched the first MimbleWimble testnet. According to the Litecoin Foundation, the upgrade enhances the network's scalability since the amount of data stored on-chain reduces fungibility.

LTC price and tokenomics

LTC has a capped supply model, with a maximum supply 84 million. This specific cap was chosen so that the last LTC would be mined in 2142. Like BTC, LTC operates on a Proof of Work (PoW) consensus mechanism, producing new tokens exclusively through mining. Every four years, LTC undergoes a halving to reduce the rewards earned by miners.

LTC has a wide range of use cases. As the native token of the network, LTC is used to pay transaction fees. LTC can also be used outside the network as a medium of exchange, purchasing goods and services or exchanging for other digital assets, such as non-fungible tokens (NFTs).

About the founders

Litecoin was founded in 2011 by Charlie Lee, an MIT graduate and former software engineer at Google. Lee played a key role in the development and launch of Litecoin. In 2013, he joined Coinbase, one of the largest cryptocurrency exchanges, where he served as the Director of Engineering. In 2017, Lee made the decision to leave Coinbase to focus on the full-time development and advancement of Litecoin.

Lee is also the director of the Litecoin Foundation, a Singapore-based non-profit organization that works towards the growth and adoption of LTC. In December 2017, Lee sold his entire stake in Litecoin, saying it was a conflict of interest for him to talk about the cryptocurrency while influencing it.

Since its inception, the Litecoin team has grown and expanded to include more core developers. This dedicated team works on improving and maintaining the Litecoin network, ensuring its security, scalability, and overall functionality.

Disclaimer

The social content on this page ("Content"), including but not limited to tweets and statistics provided by LunarCrush, is sourced from third parties and provided "as is" for informational purposes only. OKX does not guarantee the quality or accuracy of the Content, and the Content does not represent the views of OKX. It is not intended to provide (i) investment advice or recommendation; (ii) an offer or solicitation to buy, sell or hold digital assets; or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, involve a high degree of risk, can fluctuate greatly. The price and performance of the digital assets are not guaranteed and may change without notice.

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Market cap
$9.02B #16
Circulating supply
76.31M / 84M
All-time high
$413.24
24h volume
$657.58M
3.8 / 5
LTCLTC
USDUSD
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