Home / Litecoin / On 11 January 2012 the Litecoin (LTC) with Blockchain technology lost -1.04%, K Reviewer

On 11 January 2012 the Litecoin (LTC) with Blockchain technology lost -1.04%, K Reviewer

It was a bad day for Litecoin (LTC), down $ -0.339999999999996 or -1.04%, touching $ 32.49. Leading Cryptocoin analysts believe that Litecoin (LTC) is looking for the $ 35,739 target. According to 2 analysts could reach $ 69.4455245315752. The highest price was $ 33.65 and a minimum of $ 31.09 for January 11-12. The open was $ 32.83. The last time she was traded in the Coinbase exchange. Approximately 454,922 LTC were valued at $ 14.84 million.

For a month, Litecoin tokens (LTC) rose 40.65% from $ 23.1 for coins. For 100 days LTC is down 44.12% from $ 58.44. It traded at $ 75.83 200 days ago. Litecoin (LTC) has a value of 59.98 million coins mined with the market capitalization of $ 1.95 billion. It has coins of 84.00 million in circulation. It was founded on 13/10/2011. The Crypto LTC has a type of PoW test and works with the Scrypt algorithm.

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.

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