What does the current Litecoin price tell us? All you need to know about LTC price, market cap, and more. What to expect from LTC in the future?
Litecoin has a market value of $ 175.11 and a total market cap of $ 11,525,106,138 and currently ranked at #5 of all cryptocurrencies.
The price for today is 5.51%, with 24 Hour volume sales of $ 175.11.
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Litecoin is an open-source payment system and a peer-to-peer digital currency that allows instant payment around the globe without any governing body. Litecoin was released under the MIT/X11 license, and it employs mathematics to enable users to manage their finance and also to secure the system itself.
The digital currency, which is also known as LTC for short, is a spinoff of the largest digital currency, Bitcoin. Reportedly, LTC cryptocurrency was founded in 2011 by a computer scientist known as Charlie Lee on Github. The Litecoin system tends to enable enhanced storage efficiency and time required for the confirmation of a transaction via its blockchain. This rate is not commonly seen with many other cryptos.
Interestingly, Litecoin users get instant confirmation times on any transaction involving the crypto. Moreover, the Litecoin network handles multiple transaction volumes, when compared to what the largest crypto does. This is due to the fact that Litecoin undergoes many block generations. Additionally, developers or users are able to make, distribute as well as to run the edited versions of the Litecoin software.
In just two years after release, Litecoin recorded significant growth in aggregate value, which resulted in a 100% leap in a day. Despite seeing price struggles lately, many industry participants are still optimistic about digital currency performance in years to come. Following its fast transaction rate, many enthusiasts are expecting Litecoin to become a proven medium of commerce, which will influence its value performance.