If you're looking to swap Litecoin, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Litecoin or some fresh information about ltc’s price movements. And, of course, we provide you with the 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.
Litecoin Price Stats
Litecoin Price Chart
Here you can see the current price of Litecoin, as well as Litecoin price history.
What is Litecoin?
Litecoin (LTC) is an early fork of Bitcoin and one of the first altcoins, launched in 2011 by Charlie Lee — an early Bitcoin adopter and Google employee. Litecoin was intended to be a “lighter” version of Bitcoin and is very similar to the pioneer crypto otherwise.
Litecoin is primarily used as a currency, namely a payment method, as it came into existence before the advent of smart contracts and more complicated use cases. It’s a mineable coin, using Proof-of-Work consensus protocol to release the supply into circulation. The most convenient way to describe Litecoin is by comparing and contrasting it with Bitcoin.
- Litecoin has a hard cap of 84 million coins, while Bitcoin is scarcer — only 21 million of those will ever exist;
- Litecoin’s block confirmation times are much shorter — 2.5 minutes as opposed to BTC’s 10 minutes, making it easier to use in everyday transactions;
- Litecoin uses Scrypt cryptographic algorithm in its Proof-of-Work protocol instead of SHA-256, which is utilized by Bitcoin. Scrypt is less suitable for mining with specialized equipment like ASICs, which, in theory, makes it more accessible for the “ordinary” miner.
Those features make Litecoin nimbler than Bitcoin while keeping pretty much the same level of security and decentralization; note that the rest of the code is mostly unchanged from the original. Overall, Litecoin is one of the most trusted and frequently used cryptocurrencies on the market, ranking in the top-20 by market cap.
A Simple Way To Exchange Litecoin Here At SwapSpace
Choose the cryptocurrencies you would like to exchange among more than 800 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.
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!
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: firstname.lastname@example.org.