What is Litecoin (LTC)?
Litecoin (LTC) is a decentralized digital currency created in 2011 by former Google engineer Charlie Lee, who sought to build on Bitcoin's groundbreaking model with a faster and more affordable alternative. Often described as "silver to bitcoin's gold," Litecoin was designed for more lightweight peer-to-peer transactions with improved efficiency.
It processes blockchain transactions much quicker than Bitcoin and has a higher token supply - resulting in lower fees that make micro-transactions more feasible. Litecoin also uses a different proof-of-work algorithm, Scrypt, than Bitcoin's SHA-256. While Litecoin has not surpassed Bitcoin, it has endured with a loyal community supporting its development after over a decade. Critics initially dismissed LTC as just a Bitcoin clone, but substantiated network effects and liquidity reinforce its staying power.
How is the LTC price calculated?
YouHodler derives its aggregated Litecoin price data by compiling real-time data across high-liquidity cryptocurrency exchanges, including Binance, OKEx, KuCoin, and Kraken. By gathering up-to-date LTC rate information from more than one trading platform, our algorithms can arrive at a precise weighted average that reflects wider market valuation and demand. This allows us to deliver reliable LTC/USD conversions, avoiding skews that could result from relying solely on a single exchange.
LTC to USD price
Litecoin's US dollar valuation, as with all cryptocurrencies, fluctuates day to day. But through YouHodler's diverse selection of trading, lending, and speculation tools, your LTC holdings can stay productive despite price volatility. Buy the dips, sell the rallies, multiply tokens via collateralized loans, or earn compound yields on inactive coins - take advantage of YouHodler’s suite of tools rather than let market turbulence erode value.
Litecoin (LTC) price chart
Closely tracking Litecoin's live price movements is advised whether adopting a long-term buy-and-hold strategy or actively trading around volatility. Simply scroll up to view interactive visualizations of LTC's value against USD over customizable timeframes.
Litecoin (LTC) price prediction
Litecoin, a trailblazer among altcoins, has experienced dramatic highs and lows throughout its history. The future of LTC is filled with potential surprises, as the crypto world is known for its fast pace and constant uncertainties.
While we can glean some insights by analyzing data and understanding Litecoin's historical role in the market, predicting its future remains challenging due to the inherent unpredictability of the cryptocurrency sector.
At YouHodler, we regularly update Litecoin's price, offer unique research and analysis, gauge crowd sentiment, and keep track of development news. However, making definitive predictions in the ever-volatile crypto market is not feasible.
We strive to detect trends, not deliver guarantees. Crypto moves rapidly, but arm yourself with information rather than follow blind whims. Then, at least, you stand a chance to ride out whatever LTCs next chapter holds.
Check the latest Litecoin prices on YouHodler’s wallet app
For on-the-fly insight into Litecoin's price movements, we recommend our mobile app. Available on both iOS and Android platforms, it delivers up-to-the-second data tracking, historical chart visualizations, personalized alerts/notifications, and wallet connectivity for executing crypto transactions.
By having real-time value monitoring, breaking news, and your full account management accessible directly from your smartphone, reacting to promising market shifts becomes frictionless.
Litecoin Yields account
YouHodler also offers an LTC Yields account to earn % p.a. on your Litecoin. Our industry-leading Yields account grows your LTC automatically via monthly compounding % p.a. on your idle Litecoin.
Get a loan with LTC
Need cash but don't want to let go of your Litecoin stash? YouHodler offers crypto-backed loans using your LTC holdings as collateral. Borrowers can obtain an instant cash loan in USD, EUR, or stablecoins without relinquishing the underlying Litecoin.
Clone your LTC with Turbocharge
Bullish on Litecoin? Leverage YouHodler's Turbocharge feature to ratchet up market exposure speculation without additional capital. Learn more about Turbocharging your LTC.