Litecoin price today is XAG 0.74280600 with a 24-hour trading volume of XAG 5,934,895. Litecoin is
up
+4.67% in the last 24 hours. Over the past hour the price of LTC has
decreased
by -0.42%. The total supply of LTC is $76,762,620.73 and the current circulating supply is set at $76,762,176.98. The current Coingecko ranking of LTC is 32.
As of today at
10:12 PM
, converting 1Litecoin (LTC) to XAG using TabTrader, based on the CoinGecko conversion rate, gives you an equivalent value of 🌐 0.742806XAG. The current exchange rate is 1 LTC = XAG 0.74280600XAG, while 1 XAG equals LTC.
Litecoin (LTC) is a decentralized peer-to-peer virtual currency created from a copy of Bitcoin’s (BTC) source code. Founded in October 2011 (two years after BTC) by former Google engineer Charlie Lee, Litecoin (LTC) is considered one of the first successful altcoins in the industry.
Litecoin (LTC) seeks to improve on some of Bitcoin's shortcomings by offering lower transaction fees, faster block times, higher transaction throughput, and better decentralization.
Bitcoin (BTC) and Litecoin (LTC) are both secured by the proof-of-work (PoW) consensus mechanism but use different hash functions. Litecoin’s (LTC) Scrypt hashing algorithm is more memory-intensive than Bitcoin’s SHA-256, making it less susceptible to ASIC mining dominance.
Additionally, Litecoin has a shorter block generation time compared to Bitcoin, allowing for faster transaction confirmations and quicker network updates.
Due to its fast block times and low transaction costs, Litecoin is widely considered a good fit for microtransactions and point-of-sale payments.
Litecoin (LTC) currently has a market capitalization of XAG 57,126,838.00
The current circulating supply of Litecoin (LTC) is $76,762,176.98
