Equity Overview
Price & Market Data
Price: $55.13
Daily Change: -$0.0822 / 0.15%
Daily Range: $53.85 - $55.28
Market Cap: $4,240,466,812
Daily Volume: 55,821,069
Performance Metrics
1 Week: 1.46%
1 Month: -3.23%
3 Months: -23.58%
6 Months: -42.19%
1 Year: -27.82%
YTD: -28.52%
Details
Litecoin (LTC) is a digital currency designed for fast, low-cost payments over the internet. Created by Charlie Lee in 2011 as an alternative to Bitcoin, it offers improved transaction times and a higher maximum supply, using a different algorithm (scrypt) for mining. Litecoin facilitates peer-to-peer transactions without a central authority, making it suitable for a wide range of financial activities, from everyday purchases to trading and investment. Its creation by a former Google engineer aimed to address and improve upon some of Bitcoin's limitations, establishing Litecoin as a practical complement to Bitcoin in the digital currency ecosystem.