66.88 USD
+2.64 (+4.11%)

LTCUSD Key Statistics

Open price
64.21
High today
67.14
Low today
64.04
52 Week high
112.73
52 Week low
49.88
Trading hours
-12:00
-11:00
-10:00
-09:00
-08:00
-07:00
-06:00
-05:00
-04:00
-03:00
-02:00
-01:00
UTC 00:00
+01:00
+02:00
+03:00
+03:30
+04:00
+04:30
+05:00
+05:30
+05:45
+06:00
+07:00
+08:00
+09:00
+09:30
+10:00
+11:00
+12:00
+12:45
+13:00
+14:00
UTC 00:00
Symbol trading specification

About LTCUSD

Litecoin (LTC) is one of the most prestigious and oldest coins in the crypto space. It is a fork of Bitcoin - analysts consider LTC as its “lite version.” It has an 84 million supply cap and processes four times faster than Bitcoin. Individuals and institutions can use LTCUSD to make and receive fast and secure payments worldwide. Aside from being a cryptocurrency, it is also a peer-to-peer network.

What is Litecoin?

LTCUSD is a cryptocurrency trading pair that allows users to trade Litecoin (LTC) against the US dollar. A former Google engineer named Charlie Lee created the cryptocurrency Litecoin in 2011. It was designed to be a faster and more efficient alternative to Bitcoin, using a different algorithm for its mining process. Investors can trade LTCUSD on SimpleFX.

Litecoin (LTC) is based on the same technology as Bitcoin but has some key differences, such as how it is mined. It was designed to make it harder for large companies to dominate the mining process and to give individual miners a better chance of mining new coins.

How does Litecoin work?

To mine LTC, miners use specialized machines called ASICs (application-specific integrated circuits). These machines make the exact calculations. They check transactions and add new blocks to the blockchain. Miners compete to solve a complex math problem, and the first miner to solve it is rewarded with a certain amount of Litecoin.

LTC is a digital currency with 150 pre-mined coins. It has a total supply of 84 million coins, and the blockchain generates a new block every 2.5 minutes. The goal is to gradually reduce the value over time to maintain the coin's value by April 2022. LTC uses a process that reduces the number of Litecoins awarded by half to slow the creation of new coins. Shareholders can invest in LTCUSD on the SimpleFX platform.

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