Litecoin (LTC)
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Chart: TradingView Lightweight Charts™ · Data: CoinMarketCap
Litecoin value in USD
Conversions using the latest available price. Excludes fees and the bid-ask spread.
| LTC amount | Value |
|---|---|
| 0.001 LTC | $0.0597 |
| 0.01 LTC | $0.5967 |
| 0.1 LTC | $5.97 |
| 1 LTC | $59.67 |
| 10 LTC | $596.69 |
| Budget | Estimated amount of LTC |
|---|---|
| $100.00 | 1.67592349 LTC |
| $500.00 | 8.37961746 LTC |
| $1,000.00 | 16.75923492 LTC |
| $5,000.00 | 83.79617460 LTC |
| $10,000.00 | 167.59234920 LTC |
Litecoin in brief
Litecoin (LTC) is a proof-of-work cryptocurrency created by Charlie Lee in 2011 from Bitcoin’s code, designed for everyday payments with faster blocks and lower fees. Its supply is capped at 84 million LTC.
Official source: litecoin.org
Safety note: download wallets and apps only from the official site, and beware of unsolicited "support" accounts and fake airdrop sites.
Where does Litecoin trade against the Turkish lira?
- Binance TR
- BtcTurk
- OKX TR
- Paribu
On this page 7
Litecoin (LTC) is a cryptocurrency launched in October 2011 by former Google engineer Charlie Lee, built from Bitcoin’s codebase. It was designed as a faster, cheaper alternative for everyday payments, which is why it is often described as “silver to Bitcoin’s gold”. Litecoin is one of the oldest cryptocurrencies still in active use.
How does Litecoin work?
Like Bitcoin, Litecoin runs on proof-of-work: miners compete to produce new blocks and earn rewards. Transactions are recorded on a public blockchain and tracked using the UTXO model. Its main differences from Bitcoin are:
- Block time: about 2.5 minutes on average, versus Bitcoin’s 10, so confirmations arrive faster.
- Algorithm: Litecoin uses Scrypt instead of SHA-256, and dedicated Scrypt ASIC miners have been developed for it.
- Supply: the maximum supply is 84 million LTC, four times Bitcoin’s.
- Merged mining: Litecoin miners can produce Dogecoin blocks with the same hash power, strengthening the security of both networks.
Litecoin addresses usually start with “L” or “M”, or with “ltc1” for SegWit addresses. Because they look different from Bitcoin addresses, the risk of mixing up the two networks is low, but it is still worth double-checking the network before sending.
What is Litecoin used for?
Thanks to low fees and quick confirmations, LTC is popular for payments and for moving funds between exchanges. Many payment processors and crypto cards support it. The non-profit Litecoin Foundation, set up in 2017, supports the network’s development and promotion. Because it is technically so close to Bitcoin, features planned for Bitcoin have sometimes been rolled out on Litecoin first, giving it a role as a real-world proving ground. Sending LTC works much like sending BTC; our guide on how to transfer bitcoin covers the basic steps.
Litecoin supply and halvings
New LTC is created only through mining rewards, and the block reward is cut in half every 840,000 blocks, or roughly every four years. The reward started at 50 LTC per block and fell to 6.25 LTC with the third halving in August 2023. The next halving is expected in 2027. Total supply can never exceed 84 million LTC.
Halvings hit miners’ income directly. As the block reward shrinks, miners rely more on transaction fees; less efficient operators may switch off, and mining difficulty adjusts accordingly.
Key milestones
- 2011: Litecoin launched.
- 2017: SegWit activated on Litecoin a few months before Bitcoin. In December 2017, Charlie Lee announced he had sold nearly all of his LTC, citing conflicts of interest.
- 2022: the MWEB (MimbleWimble Extension Blocks) upgrade went live, letting users optionally hide transaction amounts.
- 2023: the third halving took place.
What are the risks of Litecoin?
LTC is volatile and largely moves with the wider crypto market and Bitcoin. Limited smart contract support makes it harder to compete with newer platforms, and stablecoins are increasingly preferred for payments. MWEB’s privacy features raised regulatory concerns in some countries: major South Korean exchanges delisted LTC in 2022. Some exchanges and wallets do not support MWEB transactions, so check that the receiving side does before sending a private balance.
How to read LTC market data
LTC’s maximum supply is 84 million, and circulating supply approaches that limit more slowly with each halving. Volume reflects both trading activity on exchanges and use as a payment network. On-chain indicators such as mining difficulty and hash rate offer extra insight into network security.