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Litecoin is a popular cryptocurrency that can be exchanged for traditional currencies like the US dollar. The exchange rate between 1 LTC and USD can fluctuate constantly.
According to recent market trends, the current exchange rate for 1 LTC to USD is around $50-$60. This rate can vary depending on the cryptocurrency exchange platform being used.
In the past, the exchange rate for 1 LTC to USD has reached as high as $300 in 2017, but it's essential to note that cryptocurrency markets can be highly volatile.
LTC Price and History
Litecoin's price today is US$117.07, with a 24-hour trading volume of $1.02 B. LTC is +0% in the last 24 hours.
The circulating supply of Litecoin is 75.49 M LTC, with a maximum supply of 84 M LTC. This is a significant amount of coins, and it's interesting to see how the supply will affect the price in the future.
Here's a quick snapshot of Litecoin's price history:
Litecoin launched its network in October 2011, and its initial block reward was 50 LTC.
A Brief History
Litecoin was launched in October 2011, and it's still one of the most widely accepted cryptocurrencies today.
Charlie Lee, a former Google software engineer and early Bitcoin miner, led the development of Litecoin as a lighter version of Bitcoin.
Litecoin's initial block reward was 50 LTC, which split every 4 years.
The final Litecoin is predicted to be mined by the year 2142, giving investors a long time to consider their options.
Litecoin's price history is quite impressive, with the first recorded exchange rate being $4.31.
In January 2015, the price dropped to $1.24, but it has since recovered and reached as high as $388.80 in May 2021.
The best year for Litecoin's price was 2017, with an average price of $49.64.
LTC Price
Litecoin's price today is a significant factor in its overall market value. The current price of Litecoin is $117.07.
The 24-hour trading volume of $1.02 billion is a substantial indicator of market activity. This high trading volume suggests that Litecoin is a popular cryptocurrency among traders.
The circulating supply of Litecoin is 75.49 million, which is a significant portion of the total max supply of 84 million. This means that a substantial amount of Litecoin is already in circulation.
Here's a comparison of Litecoin's price over different time periods:
Litecoin's price history is also worth noting. The first exchange rate of Litecoin was $4.31 in October 2011, and the highest price it reached was $388.80 in May 2021.
LTC Trading and Conversion
You can easily find out how much Litecoin is worth in other currencies, as it's always displayed in real-time.
Transak lets you convert Litecoin to US Dollar across various blockchain networks, giving you the flexibility and convenience you need.
To convert your Litecoin to US Dollar, simply specify the amount of Litecoin you want to convert, and Transak will display the equivalent amount based on the current exchange rate and the blockchain network you selected.
This process is made even smoother with the collaboration between Transak and Visa, allowing users in over 162 countries to convert their cryptocurrency holdings into local fiat currencies through real-time card withdrawals.
24H Volume
24H Volume is a crucial metric for LTC traders, and it measures the total value of LTC traded on all exchanges within a 24-hour period.
The 24H Volume of LTC can fluctuate greatly, reaching highs of over $1 billion and lows of less than $100 million.
Understanding the 24H Volume can help traders gauge market liquidity and sentiment.
LTC's 24H Volume can be influenced by various factors, including market trends, global events, and regulatory changes.
On average, LTC's 24H Volume has been steadily increasing over the past year, indicating growing market interest.
In periods of high market volatility, LTC's 24H Volume can drop significantly, signaling a decrease in market confidence.
Convert to USD
You can convert Litecoin (LTC) to US Dollar (USD) with Transak, which displays the equivalent amount based on the current exchange rate and the blockchain network you select.
Transak lets you convert Litecoin to US Dollar across various blockchain networks, giving you flexibility and convenience.
To convert Litecoin to USD, you need to specify the amount of Litecoin you want to convert. Transak will then display the equivalent amount of US Dollar you'll receive.
You can use Visa to convert Litecoin to USD with real-time card withdrawals, making it easier to access and utilize your crypto assets in the real world.
The current price of Litecoin is $117.07, according to the latest price statistics.
LTC Trading Hours
Litecoin trading hours are the time when investors can buy and sell Litecoin crypto pairs.
You can trade Litecoin at any time throughout the day or night, depending on your location.
The trading hours for Litecoin are the same for all weekdays, from 10:00 to 23:00 CET.
Litecoin trading hours vary slightly on Fridays, Saturdays, and Sundays.
On these days, trading hours are shorter, but you can still trade Litecoin from 10:00 to 24:00 CET.
Here's a breakdown of the trading hours for each day of the week:
About
Litecoin is a peer-to-peer cryptocurrency that was created in 2011 by Charlie Lee, a former Google engineer.
It was designed to be a faster and more lightweight alternative to Bitcoin, with faster transaction processing times and lower fees.
Litecoin's total supply is capped at 84 million coins, with 53.2 million already in circulation.
The cryptocurrency uses a proof-of-work consensus algorithm, which requires miners to solve complex mathematical equations to validate transactions.
Litecoin's block time is 2.5 minutes, which is significantly faster than Bitcoin's 10-minute block time.
This allows for faster transaction processing and confirmation times, making it a popular choice for everyday transactions.
LTC and Bitcoin
Litecoin and Bitcoin have a complex relationship, but one thing is clear: Litecoin's price can be heavily influenced by Bitcoin's movements. Litecoin's all-time high price of $388.80 in May 2021 is a prime example of this.
In 2017, Litecoin had its best year, which is often attributed to the overall growth of the cryptocurrency market, but also to its strong correlation with Bitcoin. This correlation can be both a blessing and a curse for Litecoin investors.
Litecoin's price has fluctuated significantly over the years, with its lowest price reaching $1.24 in January 2015. This low point is a stark contrast to its launch price of $4.31 in April 2013.
What Is Bitcoin?
Bitcoin is a decentralised, open-source cryptocurrency that uses a proof-of-work consensus mechanism to secure its blockchain. This means that transactions on the Bitcoin network are verified by a network of computers around the world, rather than by a central authority.
It's a store of value and a medium of exchange, and its maximum supply is capped at 21 million coins. This scarcity helps to drive up demand and value over time.
Bitcoin mining requires more specialised hardware to be competitive, which makes it more challenging for individual miners to participate.
Bitcoin
Bitcoin has been a major player in the cryptocurrency market for years. It's hard to ignore the fact that its highest price was a staggering $388.80 in May 2021.
That's a far cry from its lowest price, which was a relatively low $1.24 in January 2015, but still a significant milestone in its history. I've seen some wild price swings in my time following Bitcoin, but this one takes the cake.
Bitcoin's best year was 2017, which is a great example of the market's volatility. It's a reminder that even the most successful cryptocurrencies can have their ups and downs.
Here's a quick comparison of Bitcoin's price milestones:
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