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Litecoin FAQs

ALitecoin was launched in October 2011.
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.
ALitecoin uses the hasing algortihm Scrypt.
AThe highest price that Litecoin ever reached was $410.26 USD. This all time high price occured on 10 May 2021.
AThe lowest price that Litecoin ever reached was $1.15 USD. This all time low price occured on 14 Jan 2015.
AYes you can find the Litecoin Reddit channel at https://reddit.com/r/litecoin.
AYes Litecoin is mineable which means that new coins can be created by miners working on the network.
ALitecoin uses a proof of work scrypt concensus algorithm.
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.
AYou can earn up to 7.2% APY by staking your Litecoin tokens. Check out our Litecoin staking yields table for further details.
ARight now the best staking rates are on Coinloan with an income rate of up to 7.2% APY.
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.
AYou can find the cheapest exchange on which to buy Litecoin on the Litecoin Buy tab.
AYou can check which wallets support Litecoin on the Litecoin Wallets tab.
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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