Coins: 10053 Exchanges: 946 Market Cap: $1,225,562,243,650 1.25% 24h Vol: $48,208,812,807.548 Dominance: BTC 46.65%, ETH 18.33%
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Litecoin price

Litecoin Price (LTC)

$104.57

0.37%
Rank #20

Litecoin Price Chart (LTC/USD)

Last updated 09 Feb 2025, 21:44PM UTC. Currency in USD.

Markets
# Exchange Pair Price Spread Volume(24h) Trust
1 Binance LTC / USDT $90.87 0.01% $112,160,539
2 OKX LTC / USDT $91.02 0.01% $46,325,292
3 Upbit LTC / KRW $52.05 0.15% $33,493,373
4 Coinbase Exchange LTC / USD $90.62 0.02% $32,938,964
5 P2PB2B LTC / USDT $90.97 0.04% $29,855,179
6 Binance LTC / BUSD $90.59 0.01% $20,593,379
7 Tidex LTC / USDT $90.82 0.10% $20,429,354
8 Digifinex LTC / USDT $90.65 0.01% $18,800,463
9 Bitrue LTC / XRP $91.02 0.55% $14,125,185
10 Binance LTC / BTC $90.57 0.03% $13,722,881
11 BitMake LTC / USDT $90.82 0.23% $12,624,624
12 P2PB2B LTC / USD $91.01 0.08% $11,502,304
13 KuCoin LTC / USDT $90.76 0.01% $11,302,769
14 XT.COM LTC / USDT $91.04 0.01% $11,296,723
15 Huobi Global LTC / USDT $90.81 0.02% $10,292,776
16 Bybit (Spot) LTC / USDT $90.78 0.01% $9,032,381
17 CITEX LTC / USDT $90.70 0.01% $8,981,027
18 CoinW LTC / USDT $90.78 0.09% $8,552,852
19 LBank LTC / USDT $90.98 0.01% $7,991,647
20 Bitrue LTC / BTC $90.98 0.61% $7,890,194
21 Gate.io LTC / USDT $90.88 0.01% $7,767,267
22 BingX LTC / USDT $90.80 0.13% $5,995,677
23 Poloniex LTC / USDT $90.72 0.07% $5,829,225
24 Azbit LTC / BTC $90.75 0.03% $5,484,548
25 WhiteBIT LTC / BTC $90.95 0.06% $5,410,427
26 Toobit LTC / USDT $96.50 0.05% $5,273,643
27 Pionex LTC / USDT $96.77 0.19% $5,252,378
28 Vindax LTC / ETH $50.49 2.22% $4,747,372
29 Coinsbit LTC / USDT $90.87 0.06% $4,572,687
30 Bitget LTC / USDT $90.86 0.02% $4,559,615
31 WhiteBIT LTC / USDT $90.94 0.03% $4,028,897
32 Bitrue LTC / BUSD $90.97 0.34% $3,872,680
33 BitMart LTC / USDT $90.88 0.08% $3,855,300
34 Bit.com LTC / USDT $95.41 0.04% $3,810,118
35 BitGlobal LTC / USDT $87.96 2.99% $3,707,577
36 YoBit LTC / BTC $55.83 0.55% $3,647,078
37 Pointpay LTC / USDT $90.81 0.02% $3,450,377
38 Pointpay LTC / BTC $90.79 0.14% $3,367,841
39 Paritex LTC / USDT $51.13 0.10% $3,152,032
40 MEXC Global LTC / USDT $90.66 0.01% $3,081,524
41 CoinTiger LTC / USDT $45.56 0.02% $3,036,027
42 Bitrue LTC / USDC $90.94 0.41% $2,907,072
43 Fameex LTC / USDT $90.88 0.04% $2,891,717
44 Digifinex LTC / BTC $90.63 0.10% $2,788,825
45 Azbit LTC / USDT $90.80 0.01% $2,747,635
46 EXMO ETH / LTC $88.59 0.35% $2,666,243
47 Bithumb LTC / KRW $52.01 0.89% $2,428,730
48 Deepcoin LTC / USDT $90.80 0.04% $2,404,318
49 Kraken LTC / USD $90.79 0.01% $2,343,420
50 Coinsbit LTC / USD $59.49 0.04% $2,187,777

LTC Price Statistics

$104
24H Range
$109
  • Litecoin Price Now $105
  • 24h Low / 24h High $104 / $109
  • Trading Volume $523,498,256
  • Market Cap Rank #23
  • Market Cap $7,931,786,328
  • Volume / Market Cap 0.0660
  • All-Time High $410 -74.43%
    May 10, 2021
  • All-Time Low $1 9,029.59%
    Jan 14, 2015


Understanding Litecoin: The Silver to Bitcoin's Gold

Litecoin (LTC) stands as one of the earliest and most successful alternative cryptocurrencies, launched in 2011 by former Google engineer Charlie Lee. Created as a fork of Bitcoin's codebase, Litecoin was designed to offer faster and more cost-effective transactions while maintaining the core principles of decentralization and security.

Technical Foundation and Innovation

Litecoin differentiates itself from Bitcoin through several key technical modifications. The most notable is its use of the Scrypt hashing algorithm, as opposed to Bitcoin's SHA-256. This choice was strategic, making Litecoin mining more accessible to everyday users and reducing the effectiveness of specialized ASIC mining equipment, at least initially.

The network processes blocks every 2.5 minutes, four times faster than Bitcoin's 10-minute block time. This faster block generation results in quicker transaction confirmations and higher throughput. The total supply of Litecoin is capped at 84 million coins, exactly four times Bitcoin's maximum supply of 21 million.

Market Position and Adoption

Throughout its history, Litecoin has consistently maintained its position among the top cryptocurrencies by market capitalization. Its reliability and longevity have earned it the nickname "digital silver," complementing Bitcoin's "digital gold" status. This analogy extends beyond mere terminology, as Litecoin often serves as a testing ground for Bitcoin improvements, including the implementation of SegWit and Lightning Network.

The cryptocurrency has gained significant real-world adoption, with many merchants and payment processors accepting LTC as a payment method. Its lower transaction fees and faster confirmation times make it particularly suitable for everyday transactions and micropayments.

Technological Development and Future

Litecoin continues to evolve with ongoing development efforts. The implementation of MimbleWimble Extension Blocks (MWEB) in 2022 marked a significant milestone, introducing optional privacy features and fungibility improvements to the network. This development demonstrates Litecoin's commitment to innovation while maintaining its core values of simplicity and reliability.

The network's development team actively works on scalability solutions and cross-chain compatibility, ensuring Litecoin remains relevant in the ever-evolving cryptocurrency landscape. The regular halving events, occurring every four years, help maintain the cryptocurrency's scarcity and potentially influence its long-term value proposition.

Impact and Legacy

Litecoin's influence extends beyond its technical achievements. As one of the first successful altcoins, it helped establish the template for many subsequent cryptocurrency projects. Its consistent performance and widespread adoption have contributed to the broader acceptance of cryptocurrencies as viable payment alternatives.

The project's open-source nature and active community continue to drive innovation in the cryptocurrency space. Litecoin's success demonstrates the importance of maintaining a balance between innovation and stability in blockchain technology, proving that significant improvements can be achieved without compromising the fundamental principles of decentralization and security.

Economic Considerations

Litecoin's economic model closely follows Bitcoin's deflationary approach, with regular halving events reducing block rewards. This systematic reduction in new supply, combined with increasing adoption, plays a crucial role in the cryptocurrency's long-term value proposition. The faster block times and lower transaction fees make Litecoin particularly attractive for merchants and consumers, potentially driving further adoption in everyday commerce.