Litecoin (LTC)

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Litecoin (LTC) is a P2P and open source project invented by Charlie Lee in 2011. The LTC token resembles Bitcoin in many ways, but has many distinct differences which has led market enthusiasts to dub it the silver to Bitcoin’s gold. 

Litecoin is a fork of Bitcoin Core, and has a block generation time that is a quarter of Bitcoin’s, at 2.5 minutes and 4 times as many max tokens at 84 million tokens. It is also uses a different hashing algorithm that is more demanding of memory. 

Its mining algorithm requires processes to take place serially, which significantly reduces the advantage of those capable of purchasing ASIC hardware. The intention was to make mining as decentralized as possible, i.e. it makes the power to purchase expensive hardware less of a factor in determining mining capacity. Bitcoin, at this point, is well-known for its mining to be out of reach of most people. Litecoin is a financially lucrative alternative to the number 1 token in this regard.

LTC continues to be one of the most discussed and monitored cryptocurrencies still, years after its launch, a distinction not shared by many other cryptocurrencies. The quicker transaction processing times has led some analysts to believe that Litecoin will be a better alternative to Bitcoin in real-world applications, but scalability and performance improvements to Bitcoin (and Litecoin itself) could change opinions in the years to come. Founder Charlie Lee himself has said that Bitcoin does well as a store of value, while Litecoin is optimal for day to day transactions. 

In this tag, read Litecoin (LTC) news, price predictions, opinions and analyses created by users.

Litecoin halving is happening soon - but what is it?

31 Jul 2023 1 minute read 0 comments bluu

Litecoin ($LTC) is scheduled to halve for the third time on August 2nd, 2023 at approximately 17:49 UTC. But what exactly is halving? Does it mean that my LTC balance be cut in half? We’ll explain in simple terms as to what exactly is halving. Halvin...

Will the third halving significantly affect the price of Litecoin?

30 Jul 2023 1 minute read 0 comments Mirb

I am sure that many crypto participants will be very interested in Litecoin in the coming weeks. One of the main questions is how much Litecoin is in demand at the moment. According to cryptocurrency analyst Rekt Capital, Litecoin usually rises stron...

Counting Down to Litecoin Halving 2023

26 Jul 2023 1 minute read 5 comments KuCoin Blog

Litecoin (LTC) is set to undergo a halving event around August 2, 2023. This process, which occurs every four years or every 840,000 blocks, will reduce the block rewards for Litecoin miners from 12.5 LTC to 6.25 LTC. The halving mechanism is integra...

All About Litecoin Halving

22 Jul 2023 1 minute read 0 comments Yugocean

The Litecoin halving cycle is pre-set in the LTC protocol to keep mining in check; it occurs on a schedule every 840,000 blocks. Now we are going for the third halving. HISTORY OF LTC HALVING Litecoin mining initially started on the Genesis Block on...

There Are A Few Days Left For The Litecoin Halving Event And Here We Show You The Best Accumulation Points

20 Jul 2023 2 minute read 0 comments Rubikkav

As described by HeraldoBinanrio, cryptocurrency Litecoin (LTC) has had a significant recovery in recent weeks, standing above the line of 93.77 dollars, still without reaching its best period of the year when it reached 106 dollars, but this cost cou...

Top Traded Payment Tokens on KuCoin You Need to Know About

18 Jul 2023 1 minute read 2 comments KuCoin Blog

Satoshi Nakamoto's vision for Bitcoin as a decentralized cryptocurrency has evolved into a transformative force in the finance industry by 2023. Blockchain-based decentralized payment networks offer enhanced security, transparency, and efficiency, re...

Prepared for the LTC Halving?

17 Jul 2023 1 minute read 3 comments AX17

I am looking forward for the next Litecoin halving event which is scheduled to take place on 2nd of August 2023. Such event is scheduled every 4 years in the LTC blockchain.In past these events took place in 2015 and 2019, this year’s halving being t...

Swing Trades & The Maturation Of The Current Market

4 Jul 2023 2 minute read 0 comments Sapphire Crypto

Analyzing Your Environment Various assets, will at different times perform and react rather uniquely. Determining the state or phase of a particular market is imperative, in terms of establishing and securing your trading approach. Regular readers wi...

Litecoin Lights up the Crypto Sky: EDX Listing and Surge in Value Leave Investors Delighted

3 Jul 2023 3 minute read 2 comments XTRM™

Today's little SEO intro is a delight and joy to type out: Litecoin Lights up the Crypto Sky: EDX Listing and Surge in Value Leave Investors Delighted... You see, that made you smile... Well, my fellow traditional digitalist's and astute crypto enth...

Litecoin (LTC) Is Still Around... But Why?

2 Jul 2023 4 minute read 4 comments Michael @ CryptoEQ

You are reading an excerpt from our free but shortened abridged report! While still packed with incredible research and data, for just $20/month you can upgrade to our FULL library of 50+ reports (including this one) and complete industry-leading ana...