Real-Time Litecoin Market Data
Litecoin (LTC) is a prominent cryptocurrency known for its fast transaction speeds and low fees. As of the latest update, here are the key market metrics for Litecoin.
- Current Price: R$458.61
- 24-Hour Price Change: -2.19%
- 7-Day Price Change: -2.03%
- Market Capitalization: R$35,643,328,267.97
- 24-Hour Trading Volume: R$1,390,143,089.00
- Max Supply: 84,000,000 LTC
- Total Supply: 84,000,000 LTC
This data provides a snapshot of Litecoin's current standing in the dynamic crypto market.
What Is Litecoin (LTC)?
Litecoin (LTC) is a peer-to-peer cryptocurrency created by former Google engineer Charlie Lee. It was designed to enable fast, secure, and low-cost payments. As a project derived from Bitcoin's original codebase, Litecoin utilizes a Proof of Work (PoW) consensus mechanism to maintain network security.
A significant development was the integration of the MimbleWimble protocol, which enhances privacy by offering optional anonymous and confidential transactions. Due to its reliability and efficiency, Litecoin has earned the nickname "Digital Silver" and remains a preferred choice for online purchases and everyday crypto transactions.
Litecoin Price Trend Analysis
The current value of 1 LTC is R$458.61. Over the past week, the Litecoin price has seen a decrease of approximately 2.03%. In the last 24 hours, the price has moved by -2.19%, indicating short-term market volatility.
Understanding these trends is crucial for making informed decisions. For a deeper dive into market movements and to track real-time analytics, many traders use advanced charting platforms.
LTC to BRL Conversion Table
| Quantity | Brazilian Real (BRL) |
|---|---|
| 0.5 LTC | R$229.30 |
| 1 LTC | R$458.61 |
| 2 LTC | R$917.21 |
| 5 LTC | R$2,293.03 |
| 10 LTC | R$4,586.06 |
| 50 LTC | R$22,930.28 |
| 100 LTC | R$45,860.56 |
BRL to LTC Conversion Table
| Brazilian Real (BRL) | Litecoin (LTC) |
|---|---|
| R$0.50 | 0.0011 LTC |
| R$1.00 | 0.0022 LTC |
| R$2.00 | 0.0044 LTC |
| R$5.00 | 0.011 LTC |
| R$10.00 | 0.022 LTC |
| R$50.00 | 0.11 LTC |
Historical Litecoin Price Snapshot
| Time Period | Price (BRL) | Volume (24H) | Market Cap (BRL) |
|---|---|---|---|
| Now | R$458.61 | R$1.39B | R$35.64B |
| 24 Hours Ago | R$468.90 | R$1.39B | R$35.69B |
| 7 Days Ago | R$468.09 | R$1.07B | R$36.37B |
Frequently Asked Questions
What was Litecoin's all-time high price?
Litecoin reached its all-time high (ATH) price of €386 (approximately R$2,100 at the time) on May 9, 2021. This peak was during a major bullish cycle in the broader cryptocurrency market.
Is Litecoin a good cryptocurrency to use?
Yes, Litecoin is a well-established cryptocurrency consistently ranked among the top digital assets globally. It is an excellent project for digital payments due to its fast transaction speed, proven security (being derived from Bitcoin), and low transaction costs.
What was Litecoin's all-time low price?
Litecoin's all-time low (ATL) was €1.04, recorded on January 14, 2015. This represents the lowest point in its trading history following its initial launch and market discovery phase.
Why does Litecoin's price differ across exchanges?
The price of Litecoin can vary slightly between different trading platforms due to factors like supply and demand dynamics, trading volume, liquidity, and specific fee structures on each exchange. Arbitrage traders often work to minimize these differences.
How is the Litecoin network secured?
The Litecoin network is secured by a Proof of Work (PoW) consensus mechanism, similar to Bitcoin. Miners use computational power to solve complex mathematical problems, verifying transactions and adding new blocks to the blockchain. This process ensures the network's decentralization and security.
Can I mine Litecoin?
Yes, you can mine Litecoin by joining a mining pool or setting up your own mining hardware. However, mining has become highly competitive and typically requires specialized application-specific integrated circuit (ASIC) hardware and access to affordable electricity to be profitable.
What is the main purpose of Litecoin?
Litecoin was created as a fork of Bitcoin with the intention of altering certain network parameters. Its goal was to provide a faster and more economical alternative to Bitcoin for everyday transactions and micro-payments, acting as a complementary digital currency.
Who created Litecoin?
Litecoin was created by Charlie Lee, a computer scientist and former engineer at Google.
What are the key differences between Litecoin and Bitcoin?
- Transaction Speed: Litecoin's block generation time is about 2.5 minutes, which is four times faster than Bitcoin's 10 minutes.
- Hashing Algorithm: Litecoin uses the Scrypt algorithm, which is different from Bitcoin's SHA-256. This was initially intended to allow for more decentralized mining using consumer-grade hardware.
- Total Supply: Litecoin has a maximum supply of 84 million coins, which is four times greater than Bitcoin's 21 million cap.
How many Litecoins are currently in circulation?
At the time of writing, there are approximately 74.6 million LTC in circulation out of its total max supply of 84 million.
Which is better: Bitcoin or Litecoin?
Both cryptocurrencies have distinct advantages. Bitcoin is the more established store of value and digital gold. Litecoin offers faster on-chain transaction times and lower fees, making it potentially more suitable for use as a medium of exchange. The "better" choice depends entirely on the user's intended purpose.
When will the price of Litecoin go up?
It is impossible to predict future price movements with certainty. The cryptocurrency market is highly volatile and influenced by a wide range of factors, including global macroeconomic trends, regulatory news, technological developments, and overall market sentiment. Always conduct thorough research explore more strategies before investing.