Litecoin Price - Current (LTC) Live Value
What is Litecoins price?? This Technical Analysis Widget is an advanced tool that displays LTC price movements. You can even use technical indicators to see the chart in different views. We use Trading Views beautifully designed charts that let you see the performance of Litecoin over certain time frames.
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What is Litecoin (LTC)
Litecoin is the third-largest cryptocurrency after Bitcoin and XRP, and it is considered one of the five most important cryptocurrencies so far. It was released on GitHub in 2011 by Charlie Lee, a Google employee and former Engineering Director at Coinbase, with the aim to allow fast p2p transfers with near-zero transaction fees. He took the core code from Bitcoin and made his modifications to the code and protocol to work in a way that he felt would be best to allow for large-scale adoption of the currency.
Litecoin is quite similar to Bitcoin, a part of a few differences, which are:
- Litecoin Network processes a block every 2.5 minutes (Bitcoin is 10 minutes), this means faster Litecoin transactions.
- Litecoin mining is much harder and expensive than Bitcoin
Like Bitcoin, there is a limit of Litecoin that can be mined, and it’s 84Million Litecoin, while 55.58 Million are already released or mined.
Cool Fact: If you have noticed, 84 is 4 times 21(which is the Bitcoin limit amount), it reflects the reason why Litecoin transactions are 4 times faster than Bitcoin, 2.5 minutes against 10.
Like other coins, Litecoin can be purchased on one exchange (check here a list of exchanges).
It has its own wallet application to manage your funds and make transactions.
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Litecoin Technical Analysis - LTC
This Litecoin Technical Analysis Widget is an advanced tool that displays ratings based on technical indicators. We use Trading Views beautifully designed gauge that lets you see the summary based on all indicators at a quick glance. You no longer have to apply multiple indicators to analyze a financial instrument since this widget does that for you. On top of that, all ratings are shown in real-time.