litecoin price chart history

Litecoin’s price is based purely on trading as there is no standard global Litecoin price, so no one knows what it is “supposed” to cost. The trading volume and liquidity are different for each exchange and those differences are what affects the price. Litecoin is being traded on 8 cryptocurrency exchanges, including Binance and KuCoin.

Each block contains many transactions and is generated roughly every 2.5 minutes. The first node that manages to find the new block address is awarded with a set amount of LTC. It is highly recommended to start with smaller stakes if you are new to trading. Getting used to the market environment can usually take some time, so some losses should be expected at the start. Similarly to Bitcoin, the Litecoin blockchain also reaches consensus through a proof-of-work (PoW) mechanism.

litecoin price chart history

Any type of chart can be used such as a bar chart, line chart or candlestick chart. There have been some interesting moments in Litecoin’s long price history, and if you want to understand more about its movements, you’re in the right place. We’ve compiled everything you need to know about the past price action of Litecoin – and the various factors that influence it. The upcoming Litecoin halving event is a major event in the Litecoin ecosystem, and it is one that is closely watched by the community.

Top Spot Exchanges

If you are planning to trade crypto, please consult a financial adviser. Also in May 2017, Litecoin finally received a Coinbase listing. When maya preferred 223 Litecoin was first introduced in 2011, two years after Bitcoin, it quickly gained a following and reached a price-per-coin of $0.30.

Crypto Analyst Says Bitcoin Could Reach $180,000 Next Cycle If This Happens – NewsBTC

Crypto Analyst Says Bitcoin Could Reach $180,000 Next Cycle If This Happens.

Posted: Tue, 08 Aug 2023 23:03:19 GMT [source]

Sign up for an account in minutes to buy crypto using credit card or bank transfer. Litecoin Price is at a current level of 83.03, down from 84.08 yesterday and up from 61.58 one year ago. This is a change of -1.24% from yesterday and 34.83% from one year ago.

Litecoin Performance

By the middle of November 2013, Litecoin price had climbed up over $4, and then in the space of less than a fortnight, it shot up more than 1,000% to peak at around $50. This was followed, however, by a similarly sudden crash back down to below $10 and the previous high wouldn’t be revisited for some years. One of the key differences between Bitcoin and Litecoin is the algorithm the latter uses to secure the its network via proof-of-work (PoW) consensus. Unlike Bitcoin, which uses SHA-256, Litecoin uses the Scrypt algorithm. Join our mailing list to get regular Blockchain and Cryptocurrency updates. Current mining award is , and this amount is halved every 840,000 blocks, which is about every 4 years.

  • Our young and dynamic team is comprised of well-known journalists as well as Cryptocurrency & Blockchain Experts.
  • This happens roughly every four years and means that the available supply of cryptocurrency becomes scarcer over time.
  • Like Bitcoin, the short-term price outlook for Litecoin is dependent on the overall volatility of the crypto market.
  • Current mining award is , and this amount is halved every 840,000 blocks, which is about every 4 years.
  • Our litecoin price charts are an easy reference for current LTC prices.

Marko has been working on the road for over 5 years, and is currently based in Europe. Alongside writing and editing, Marko works on projects related to online technology and digital marketing. Like Bitcoin, the short-term price outlook for Litecoin is dependent on the overall volatility of the crypto market.

What Is the Lowest Price of Litecoin in EUR?

If you are new to crypto, use the Crypto.com University and our Help Center to learn how to start buying Bitcoin, Ethereum, and other cryptocurrencies. A high market capitalization implies that the asset is highly valued by the market. The answer to this question-while technically yes-is really a no from a practicality standpoint.

With a reliable demand for the product, its value should not experience extreme crashes. Litecoin was created with an idea of creating a more efficient Bitcoin, more optimized for transactions. On CoinCodex, you can stay up to date with the latest information regarding the Litecoin price, market cap and news. In the future, Litecoin could potentially have features that would make it much more than Bitcoin’s little brother.

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In other words, 110.89M have changed hands within the past 24 hours through trading. Regulations governing cryptocurrencies vary by jurisdiction and may change over time, which could impact the legality and use of cryptocurrencies. The first exchange rate of LTC detected by our platform is $4.31, the lowest price was $1.24 in Jan 2015, and the maximum price that Litecoin reached was $388.80 in May 2021.

  • Each block contains many transactions and is generated roughly every 2.5 minutes.
  • The biggest difference is that instead of SHA256, Litecoin uses a special Scrypt algorithm.
  • Like any other market, the laws of supply and demand govern Litecoin prices.
  • By the start of November 2020, Litecoin was trading at around $55, at which point the price began climbing again and reached $240 in 2021.

The live Litecoin price today is $83.02 USD with a 24-hour trading volume of $1.09M USD. The price of LTC is down -0.05% since last hour, down -0.76% since yesterday. The live market cap, measured by multiplying the number of coins by the current price is $0.83 USD. LTC has a circulating supply of 73.53M coins and a max supply of 84.00M LTC. Although Litecoin was originally based on the Bitcoin codebase, there are some key differences – such as faster transaction times, an arguably more efficient hashing algorithm, and 4x the max supply.

Such currencies are likely a long, long way from posing any significant challenge to paper money. Due to their low cost and convenience, however, such digital currencies could eventually pose more of a threat to credit cards or other means of electronic payment such as Paypal. Charts may be useful for identifying trends in the price of Litecoin or for looking for potential areas to buy or sell at. We also offer pricing charts for ethereum prices, bitcoin prices, ripple prices, dash prices, bitcoin cash prices, monero prices, iota prices, and nem prices.

These, along with other factors, contribute to a completely different valuation than Bitcoin. We also gather additional information from different sources to ensure we cover all necessary data or events. Like any other market, the laws of supply and demand govern Litecoin prices. With rising demand and a constant or limited supply, prices could potentially rise substantially from current levels.

$ 698.53M worth of Litecoin changed hands in the last 24 hours. If you wish to purchase LTC, check our guide on how to buy Litecoin in 6 steps. Compared to the previous trading day, LTC is up 0.05%, while LTC is up 1.19% compared to one week ago. See how Litecoin’s price-performance compares to other cryptocurrencies over the past one month, and read more about Litecoin’s price timeline. There are currently just under 70 million Litecoins in circulation, however, the maximum LTC supply is capped at 84 million.

litecoin price chart history

It is possible to cash out of LTC directly, as many exchanges offer a direct LTC/fiat par. If that is not an option, changing LTC to BTC first would be the most efficient way, as cashing out of BTC is available in every exchange. Alternatively, it is possible to find someone in person to trade with. Generally, LTC is one of the more popular cryptocurrencies available.

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