Litecoin (LTC) had a bad 24 hours as the crypt decreased by $ 0.109999999999998 or -0.61% trading at $ 31.01. According to Cryptocoin Experts, Litecoin (LTC) observes a target of $ 34.111 on the way for $ 72.1690138820042. Last LTC exchange traded with Coinbase. He had a maximum of $ 32.4 and a minimum of $ 30.64 for January 16-17. The open was $ 31.2. About 328,006 LTC worth $ 10.33 million exchanged hands.
Litecoin (LTC) has increased by 1.87% in the last 30 days from $ 30.44 per currency. Its -47.15% down in the last 100 days since it was trading at $ 58.68 and the annual trend is falling. 200 days ago LTC was trading at $ 79.89. LTC has extracted 60.05 million coins giving it a market cap of $ 1.86 billion. The maximum coins of Litecoin available are 84.00 million. LTC uses the Scrypt algorithm and the PoW test type. It was started on 13/10/2011.
Litecoin LTC: provides faster transaction confirmation (averaging 2.5 minutes) and uses a cryptographic-based encryption-based work-testing algorithm to target the regular computers and GPUs that most people already own – such as they are the main Bitcoin differentials. The Litecoin network is planning to produce 84 million monetary units with a halving of the premium every four years just like the bitcoin. The coin was created by a Google employee, Charles Lee. Litecoin is in second place in Bitcoin and has generated numerous clones – however it has a solid base of support and a dedicated development team.
The Litecoin project is currently managed by a central group of 6 software developers, led by Charles Lee, with a large community that is growing in support.
In May 2017, Litecoin became the first of the Top 5 cryptocurrencies (By Market Cap) to implement the SegWit scaling solution. Later, in May of the same year, the first Lightning Network transaction was completed via litecoin, transferring LTC 0,00000001 from Zurich to San Francisco in less than a second.