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.

Funniest crypto June 23

24 Jun 2023 2 minute read 4 comments Dave Sawyer

Crypto fans, WE LOVE YOU!!! So happy to be here with your mighty Watch Army, laughing our way to a crypto future above fiat!!  warmup funnies - LItecoin is mooning ahead of the halvening!! AH ha!! What's funny lately?? There is SO MUCH good crypto n...

Litecoin's Halving: The Crypto Event of the Summer You Can't Miss!

23 Jun 2023 4 minute read 0 comments ChangeNOW

Cryptocurrency enthusiasts are eagerly anticipating one of the most significant events in the world of digital assets - Litecoin's halving. This event, scheduled for August 2, 2023, is poised to have a profound impact on the price and future of Litec...

The Crypto Market Is About to Change: Here's Why BTC and ETH Could Be The Big Winners

22 Jun 2023 1 minute read 0 comments Cryptofab

The crypto market is about to change, and I'm not talking about the latest price fluctuations. I'm talking about the big players in the space. Institutional crypto exchanges are starting to launch, and they're not messing around. These exchanges are...

Litecoin halving

19 Jun 2023 1 minute read 0 comments Vladan Lausevic

Halving in cryptocurrencies refers to the process of reducing the rewards given to miners for verifying transactions and adding blocks to the blockchain. This reduction is done to control inflation and preserve the value of cryptocurrencies. Litecoin...

A Comprehensive Guide to Litecoin Custody-as-a-Service

16 Jun 2023 4 minute read 3 comments NOWPayments

Accept Litecoin payments Litecoin, one of the top cryptocurrencies in the market, offers numerous benefits to businesses and customers alike. It has gained significant traction in recent years, and many businesses are considering integrating it i...

Regulation, Ravencoin & TradFi Takeover - It's All Beginning To Make Sense

12 Jun 2023 3 minute read 2 comments Sapphire Crypto

It’s Just Code Similar to Bitcoin, Ravencoin is simply code that runs on a PoW blockchain. Ravencoin is a Bitcoin fork. However, it was never created to replace or leverage the “Bitcoin Name”. It was however created as a means to create and transfer...

SEC causes market dip, What coins look promising to buy?

11 Jun 2023 2 minute read 1 comment Rajat G

SEC causes market dip, What coins look promising to buy? Blame SEC for alt the crypto dip or delisting of the coins from the Exchanges, but in other words, this is the time to "buy the dip". Buy the dip is a generic term and it is of utmost importanc...

Even irony can turn

11 Jun 2023 1 minute read 0 comments espacioreal

In a world of cryptocurrencies, where Bitcoin reigns strong,Emerges a lighter coin, with advantages that throng.Litecoin, its name, a swift alternative to behold,But irony lurks, its destiny uncertain, untold. At its core, Litecoin shares Bitcoin's D...

What to Expect From Litecoin Halving?

6 Jun 2023 2 minute read 7 comments SimpleSwap

Halving, or block reward reduction, is a very important event in crypto space. This happens when the number of new coins issued for each found block is reduced by half. Thus, halving is a way to control inflation and maintain the value of cryptocurre...

Litecoin challenges Bitcoin

5 Jun 2023 1 minute read 1 comment Stormgain

Prior to the advent of ordinals, Litecoin remained in the shadow of its bigger brother, despite having ultra-low fees and faster transaction completion rates. However, continued high network utilisation and cryptocurrency exchanges' increased Bitcoin...