Litecoin
About Litecoin
The price of Litecoin (LTC) is $62.50 today, as of Sep 16 08:10 p.m., with a 24-hour trading volume of $308.98M. Over the last 24 hours, the price has decreased by -2.67%. Litecoin currently has a circulating supply of 74.98M and a market cap of $4.69B.
LTC is the native cryptocurrency of Litecoin, an open-source blockchain project whose code is copied from Bitcoin’s. Touted as the “silver to bitcoin’s gold,” Litecoin was developed to have much faster transaction speeds than Bitcoin, as well as to be more scalable.
The blockchain was created by Charlie Lee, a software engineer who had worked at Google and crypto exchange Coinbase, and it was launched on the bitcointalk forum in October 2011.
Litecoin has a total capped supply of 84 million tokens. The project initially launched with 150 pre-mined tokens (tokens mined by Litecoin developers ahead of the token’s public launch.)
The project then established a reward of 50 litecoin per block at its inception, with the block reward halving occurring every 840,000 blocks thereafter. The last block is expected to be mined in 2142.
LTC price history includes peaks intersected by long periods of sideways activity. In December 2017 and April/May 2021, Litecoin’s price broke above $250 and reached a peak of about $410 on both occasions before it fell sharply.
In May 2021, LTC price recorded its all-time high of $412.96, but it fell by over 50% in the following six months.