LiteCoin was created in 2011 and is one of the oldest altcoins. Litecoin is created by a former Google engineer Charlie Lee. LiteCoin Network is completely decentralized. The reason why it is called Lite is that the founder Charlie announced it as a Lite way of Bitcoin. Litecoin requires less CPU power for mining. Transactions cost less and they are very fast compared to Bitcoin. LiteCoin is an open-source project.
With a total market cap of over $5.35 billion, Litecoin is the No. 20 cryptocurrency by market size. The currency symbol for Litecoin is LTC and it was launched in October 2011. Litecoin uses the Scrypt hashing algorithm and it has a blocktime of 2 minutes. There will only ever be 100 thousand Litecoin tokens issued. So far 2.7 million tokens (2700% of the total supply) have been issued.
We found crypto protocols offering up to 106% APY on Litecoin deposits (8% APY CeFi, 106% APY DeFi) and loans as low as 6.9% APR against Litecoin used as collateral. Check out our Litecoin staking yields table and Litecoin loan rates table for further details.
The technical price analysis for Litecoin below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Litecoin.
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Litecoin FAQs
QWhen was Litecoin launched?
ALitecoin was launched in October 2011.
QWhat is the blocktime for Litecoin?
AThe blocktime for Litecoin is 2 minutes. Blocktime is the time interval between new blocks being added to the blockchain. Some people argues that slower blocktimes are more secure and scalable and that faster blocktimes allow faster transactions. It is a highly debatable topic in the crypto community.
QWhat hashing algorithm does Litecoin use?
ALitecoin uses the hasing algortihm Scrypt.
QWhat was the highest price that Litecoin ever reached?
AThe highest price that Litecoin ever reached was $410.26 USD. This all time high price occured on 10 May 2021.
QWhat was the lowest price that Litecoin ever reached?
AThe lowest price that Litecoin ever reached was $1.15 USD. This all time low price occured on 14 Jan 2015.
AYes Litecoin is mineable which means that new coins can be created by miners working on the network.
QWhat concensus algorithm does Litecoin use?
ALitecoin uses a proof of work scrypt concensus algorithm.
QIs it possible to stake Litecoin to generate passive income?
AYes, staking is available for Litecoin on a number of platforms. For a full list of Litecoin staking yields see our list of Litecoin staking yields.
QHow much can I earn staking Litecoin?
AYou can earn up to 106% APY by staking your Litecoin tokens. Check out our Litecoin staking yields table for further details.
QWhere is the best place to stake Litecoin?
ARight now the best staking rates are on Thorchain with an income rate of up to 106% APY.
QWhat is the difference between CeFi and DeFi staking rates for Litecoin?
AThe best CeFi staking rate that we could find for Litecoin is on Nexo with an income rate of up to 8% APY and the best DeFi staking rate is on Thorchain with an income rate of up to 106% APY.
QIs it a good time to buy Litecoin?
AYou can check the technical indicators for Litecoin on the Litecoin Price Trend tab. These indicators are based on the analysis of multiple trading signals for Litecoin.
QWhere is the best place to buy Litecoin?
AYou can find the cheapest exchange on which to buy Litecoin on the Litecoin Buy tab.
QCan you get a Litecoin loan without collateral?
AAlmost all Litecoin loans require you to provide collateral of higher value than the value of the loan that you are tkaing it. The only exception to this is Litecoin flash loans which allow you to borrow uncollateralised Litecoin for a few seconds as part of a wider transaction. You will need advanced coding skills to take advantage of flahs loans. You can compare all Litecoin loans on the Litecoin Loans tab.
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