Litecoin Price, News and Analysis (LTC)

- Faster transaction confirmations (2.5 minutes on average) - Scrypt-based mining proof-of-work algorithm - 84 million litecoins - Higher transaction volume than Bitcoin - MIT/X11 license (Description provided by CryptoCompare)

Litecoin can be purchased or sold on the following cryptocurrency exchanges: DOBI trade, OKEx, ZB.COM, YoBit, Binance, CoinBene, BitForex, RightBTC, Bit-Z, Coinbase Pro, Huobi, BCEX, Bitfinex, Coinsuper, Bithumb, Bibox, HitBTC, TOPBTC, Sistemkoin, FCoin, CoinsBank, CoinEgg, CoinEx, DigiFinex, DragonEX, Exrates, IDCM, BtcTrade.im, Bitstamp, MBAex, B2BX, LBank, CoinTiger, Poloniex, BiteBTC, CPDAX, Livecoin, Coinsquare, QuadrigaCX, Mercatox, Trade By Trade, Bitsane, LocalTrade, Kraken, Bittrex, C2CX, ABCC, Instant Bitex, xBTCe, Upbit, Gate.io, Fatbtc, Exmo, BtcTurk, Coinone, WEX, Vebitcoin, Coindeal, Cryptopia, Koinim, Ovis, Mercado Bitcoin, Kucoin, ChaoEX, EXX, Coinut, Koineks, Indodax, OKCoin International, Bithesap, BTC Markets, Liqui, Bitso, BTC-Alpha, Korbit, TDAX, BitBay, Lykke Exchange, Independent Reserve, Coinroom, BitcoinTrade, Bitbank, DSX, TradeOgre, CryptoBridge, BX Thailand, LiteBit.eu, HBUS, Liquid, Crex24, GOPAX, CoinExchange, BTCC, BL3P, Stellar Decentralized Exchange, Stocks.Exchange, Waves Decentralized Exchange, BTC Trade UA, BitMarket, Bleutrade, Braziliex, Kuna, OKCoin.cn, Stellarport, Altcoin Trader, Koinex, OTCBTC, WazirX, Negocie Coins, Coinbe, Trade Satoshi, Bitbns, Gatecoin, Bittylicious, SouthXchange, COSS, Zebpay, Cryptohub, Bitmaszyna, C-CEX, Graviex, Cobinhood, C-Patex, OpenLedger DEX, Buda, CoinFalcon, Cryptomate, Nanex, Tripe Dice Exchange, Bits Blockchain, BitFlip, BigONE, Bitinka, Bitlish, LakeBTC, QBTC, Iquant and Covesting.

It is not possible to buy most cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum and Litecoin can be purchased with U.S. dollars using Coinbase. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance or Changelly to purchase other cryptocurrencies.

Litecoin produces its own wallet software that is available for download on its website, which allows you to store Litecoin on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano S. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

One Litecoin (LTC) is currently worth $57.06 on major cryptocurrency exchanges. You can also exchange one Litecoin for 0.00659745 bitcoin(s) on major exchanges. The value (or market capitalization) of all available Litecoin in U.S. dollars is $3.65 billion.

Litecoin is a proof of work (PoW) coin that uses the Scrypt algorithm.

Litecoin and other Scrypt coins can typically only be mined profitably with a piece of specialized mining hardware called an ASIC, which stands for application-specific integrated circuit. Major manufacturers of ASICs include BitMain (AntMiner), Butterfly Labs, Canaan (AvalonMiner), FutureBit and GridSeed. ASIC hardware can be purchased directly from the manufacturer or from resellers on Amazon and eBay.

The following coins use Litecoin's Scrypt algorithm and proof of work (PoW) proof-type: UNUS SED LEO, Dogecoin, Bytom, Verge, NEXT, Syscoin, Gulden, Einsteinium, Polymath, Lightning Bitcoin, Matrix AI Network, Viacoin, Mooncoin, Global Cryptocurrency and Global Digital Content.

The official Reddit community (subreddit) for Litecoin is r/litecoin.