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Exchange Litecoin (LTC)

If you're looking to swap Litecoin, SwapSpace is your one-stop shop. We have some light reading for you — in case you'd like a refresher on what is Litecoin, or some fresh information about LTC’s price movements. And, of course, we provide you with multiple Litecoin exchange options so that you can choose the offer with the best rates and lowest Litecoin fees, as well as other parameters that suit you.

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Litecoin Price Stats

To help you make a decision about exchanging your Litecoin, we gathered some cold hard numbers: Litecoin price chart and other stats, such as Litecoin market cap.

LTC 24H HIGH

LTC 24H HIGH $86.98873861

LTC MARKET CAP

LTC MARKET CAP $6,475,003,204.808

LTC CIRCULATING SUPPLY

LTC CIRCULATING SUPPLY 74,457,083.233 LTC

LTC 24H LOW

LTC 24H LOW $84.05094398

LTC PRICE

LTC PRICE $86.96289088

LTC 24H VOLUME

LTC 24H VOLUME $21,358,727.05

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Litecoin Price Chart

Here you can see the current price of Litecoin, as well as Litecoin price history.

What is Litecoin?

Litecoin is a decentralized peer-to-peer digital currency, similar to Bitcoin, that was created in 2011 by Charlie Lee, a former Google engineer. Litecoin is based on an open-source cryptographic protocol and is designed to offer faster transaction times and lower fees compared to Bitcoin. It uses a different hashing algorithm than Bitcoin called Scrypt, which is designed to make it more resistant to specialized hardware mining, known as ASICs.

Litecoin is an open-source project, meaning that its code is available for anyone to view, modify, and contribute to. The Litecoin community is led by the Litecoin Foundation, a non-profit organization that supports the development and promotion of Litecoin. The development team is led by Charlie Lee, the creator of Litecoin, and includes a team of volunteer developers who contribute to the project.

Litecoin uses its own proof of work algorithm called Scrypt, which is designed to make it more resistant to specialized hardware mining, known as ASICs. Scrypt is a memory-hard algorithm that requires a large amount of memory to solve cryptographic puzzles. This makes it more difficult and expensive for miners to use specialized hardware to mine Litecoin, as the high memory requirement cannot be easily optimized by ASICs.

In May 2021, Litecoin released its latest protocol upgrade, version 0.18.1, which includes several improvements to the network, such as faster syncing times and improved performance.

Approximately every four years Litecoin halving occurs, which is designed to reduce the rate of new Litecoin supply by half. This is achieved by reducing the reward that miners receive for successfully mining a block from a set amount of Litecoin to half that amount. The purpose of halving is to control the inflation rate of Litecoin and ensure that its supply remains limited.

The first Litecoin halving happened on August 25, 2015, when the block reward was reduced from 50 Litecoins to 25 Litecoins. The second Litecoin halving occurred on August 5, 2019, when the block reward was reduced from 25 Litecoins to 12.5 Litecoins.

The next Litecoin halving date is expectedly in August 2023. The block reward will be reduced from 12.5 Litecoins to 6.25 Litecoins. This will mark a significant reduction in the rate of new Litecoin supply and may have an impact on the price of Litecoin as well as its mining ecosystem.

Litecoin has gained popularity as a payment method due to its fast transaction times and lower fees compared to other cryptocurrencies. It is also widely traded on cryptocurrency exchanges and has been integrated into the payment systems of various merchants and service providers.

(LTC) has a total supply of 84 million coins, which is four times the total supply of Bitcoin (21 million coins). The total supply of Litecoin is hardcoded into its protocol and will never be increased. As of April 14, the LTC has a circulating supply of 72.7 million tokens. 

Users can swap Litecoin on cryptocurrency exchanges, including some popular platforms like Binance, Coinbase, and Kraken.

In August 2021, Litecoin announced that it had partnered with the Miami Dolphins to become the team's official cryptocurrency. The partnership includes advertising and promotional opportunities for Litecoin during Miami Dolphins home games and on digital platforms.

According to the recent Litecoin news the price of the LTC token was surging and gaining the price, overperforming Ethereum and Bitecoin. 

Average Fees on the Litecoin Network 

The average transaction fees on Litecoin are around $.03 or $.04. Fees are low with Litecoin because the network sets aside LTC that doesn’t derive from transaction fees in order to incentivize miners.  

Litecoin also has a feature called Segregated Witness (SegWit), which helps to reduce transaction fees by increasing the capacity of each block on the Litecoin network. This can help to reduce the congestion on the network and make transactions faster and cheaper. 

LTC Token Wallets 

Litecoin (LTC) can be held in a variety of wallets, including Litecoin Core, Exodus, Atomic Wallet, Coinbase Wallet, Jaxx Liberty, LoafWallet, Ledger Nano S, Trezor, KeepKey, Coinbase, Binance, and BitGo. 

A Simple Way To Exchange Litecoin Here At SwapSpace

Step 1
Step 1

Choose a pair

Choose the cryptocurrencies you would like to exchange among more than 1800 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.

Step 2
Step 2

Select the best rate

You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.

Step 3
Step 3

Transfer funds

Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!

Step 4
Step 4

Receive your coins

You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: support@swapspace.co.

Exchanging Litecoin: SwapSpace’s Video Tutorial

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Frequently Asked Questions

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Popular Exchange Pairs with Litecoin

Those cryptocurrencies are most frequently traded with Litecoin at SwapSpace. Join our other customers in the “Exchange Pairs” section!
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