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Litecoin (LTC) is one of the oldest cryptocurrencies in existence after Bitcoin, having launched in October 2011. It was developed by Charlie Lee, who remains involved with the coin to this day. Litecoin is a codebase fork of Bitcoin which means it doesn't share any history or connection to the Bitcoin genesis block. As a fork, it has many similar characteristics to Bitcoin, but has opted for shorter block generations times of around 2.5 minutes. This allows transactions to be added to the blockchain sooner. Because of the decreased block generation time, it quadrupled its base supply to 84 million to compensate for the inflation rate. Currently, Litecoin has lower transaction fees than Bitcoin and can be used as a digital currency on the web to pay for goods and services and to play at crypto casinos. The value of Litecoin has grown significantly, and the currency’s market cap now exceeds $4 billion. Part of Litecoin’s surge in popularity in 2017 has been attributed to the currency being able to adopt and test a number of new features before Bitcoin, such as Segregated Witness and the Lightning Network, technology which allows the network to process more transactions.

  • The Latest Rating

Litecoin - Analysis & Research report -

Algo. score rating 3.4/5 (#267) 100% Open channels 60% Team Strength 70% Product Strength 90% GitHub Activity 59% Coin strength 90% Brand awareness See attached PDF Analysis & Research report for more details.

Litecoin Rating Report

Litecoin creator Charlie Lee created Litecoin via mimicking Bitcoin's core code, and managed to survive in the sea of clone coins, gradually developing strongly. In terms of the technical layer, Litecoin made improvements concentrated in the consensus mechanism layer, and through a new hashing mechanism, lowered the barrier to entry for miners, and raised the difficult of concentrating hashing power, as well as providing a certain degree of resistance to ASIC mining. However, power still became concentrated and decentralisation wasn't achieved. This was an inevitable result of the increase in popularity of the token, and a result of the relationship between cost and benefit for miners. As a token very similar to bitcoin, to a certain extent, Litecoin can work a test ground for Bitcoin, and in a situation where it can lower the cost of experimentation, Bitcoin may need to attain a plan for improvement. When compared with other coins that have failed, there are many reasons why it has been able to gain attention. Aside from analysis of the text, "Litecoin is silver to Bitcoin's gold", it as a supplement to Bitcoin, and is use in areas that Bitcoin can't touch is one of its major aspects through which it can be promoted. As a payment token, Litecoin faces the same problem other tokens do: high volatility. Currently, the degree of support by merchants on the market of Litecoin is not enough to be able to make it widely accepted as a medium of payment. Litecoin in the top echelon of payment-type tokens. Additionally, in the regulatory realm, due to different regulations throughout the world, as well as a lack of a complete regulatory framework, the possibility of influence by external factors is relatively large. For these reasons, TokenInsight gives Litecoin a rating of BBB. The outlook is stable.

Litecoin | Rating: A | Prospect: Developing

LTC was created in November 2011 by Charlie Lee (Chinese- American). It is the earliest and currently the most successful competitor, using the Scrypt encryption algorithm, and has been successfully tested by SegWit & Lightning Network. The team is currently focused on improving its payment applications with technologies,such as smart contracts and atomic cross-chain exchange.