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Litecoin LTC |
BUY
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$53.15 |
-2.1% (24h) |
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Marketcap |
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$4,124,435,158 |
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Volume 24h |
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$275,767,759 |
Description
Litecoin (LTC) is one of the earliest "altcoins," launched in 2011 by Charlie Lee to serve as a lighter and faster version of Bitcoin. It utilizes a different hashing algorithm called Scrypt, which allows for quicker block generation times and lower transaction fees compared to its predecessor. While Bitcoin is often viewed as a store of value, Litecoin was specifically designed to be used for everyday micro-transactions and global payments. It remains a staple in the cryptocurrency market due to its high liquidity and long-standing reputation for network stability.