What is Litecoin?
LTCLitecoin is a proof-of-work cryptocurrency created as a lighter version of Bitcoin, with faster blocks and an optional privacy extension (MWEB).
The tokenLTC is the coin itself, with a capped supply and a reward that halves every 840,000 blocks.
Supply and what is still to come
How many coins exist, how many can, who holds the part not yet circulating and what the schedule releases.
- Circulating supply
- Not published
- Total supply
- Not publishedin existence, locked or not
- Maximum supply
- 84.00 million LTCLitecoin's protocol halves the new coins per block every 840,000 blocks, so issuance stops at 83,999,999.9076
A year in the market
Measured on the daily closes of our own US dollar price index.
- Return, past year
- −53.2%daily closes
- Volatility, past year
- 54%annualised, daily log returns
- Deepest fall from a peak, past year
- −62.9%daily closes
- Below its all-time high
- −86.9%high of $387.80 on 9 May 2021
- Correlation with bitcoin
- 0.75daily returns, past year; 1 is lockstep
- Beta to bitcoin
- 0.92its usual move for a 1% move in bitcoin
Points to check
What our data shows that a holder should know. Each point is a measurement, not a rating.
- Price swings
Its daily moves were 1.2x as large as bitcoin's over the past year (volatility 54% against 44%).
- Distance from the high
It trades 87% below its all-time high daily close of $387.80 (9 May 2021).
- Moves with bitcoin
Its daily returns had a correlation of 0.75 with bitcoin's over the past year, so it has added little diversification to a bitcoin holding.
Questions
What is Litecoin?
Litecoin is a proof-of-work cryptocurrency created as a lighter version of Bitcoin, with faster blocks and an optional privacy extension (MWEB).
What is LTC used for?
LTC is the coin itself, with a capped supply and a reward that halves every 840,000 blocks.
Is Litecoin's supply capped?
Yes: at most 84.00 million LTC. Most are issued or unlocked so far.
Where is Litecoin traded?
On 11 of the 11 exchanges we read: 9 list spot pairs against the dollar or a dollar stablecoin and 11 list perpetual futures. The token finder lists every pair.
Supply from our own nodes or the project’s published figures, prices from our own indexes, listings from the exchanges’ own instrument lists. Last update