Litecoin (LTC) was created by Charlie Lee in 2011 from Bitcoin’s code as a faster, cheaper payment network, and is one of the oldest major cryptocurrencies.
What Litecoin is and how it works
Litecoin (LTC) was created by Charlie Lee in 2011 from Bitcoin’s code as a faster, cheaper payment network, and is one of the oldest major cryptocurrencies.
It uses Scrypt proof of work with blocks about every 2.5 minutes, and added the optional MWEB privacy feature in 2022.
LTC supply and token economics
Supply is capped at 84 million LTC and the reward halves every 840,000 blocks (about four years); the latest halving, in August 2023, cut it to 6.25 LTC.
What usually moves the price
Payment usage, correlation with Bitcoin, supply expectations around halvings and progress on institutional products such as spot ETFs.
These are commonly discussed factors, not a forecast; no single factor guarantees direction.
Where to buy LTC
LTC spot pairs are usually listed on large exchanges such as Binance, OKX, Bybit, Bitget and Gate, but pairs and availability depend on your region and account—check the official listing. Compare fees at the same volume, then check spread and slippage.
Key LTC risks
It overlaps heavily with Bitcoin, and without a distinctive use case it can lag major assets for long periods.
Only use money you can afford to lose entirely, and size positions and liquidation prices before using leverage.
How to read the indicators on this page
RSI14 above 70 is often read as overbought and below 30 as oversold; price above MA20 and MA50 is a bullish alignment; MACD shows momentum direction. All are probabilistic readings on 90 days of daily closes and can stay extreme during trends.
Frequently asked questions
What is Litecoin?
Litecoin (LTC) was created by Charlie Lee in 2011 from Bitcoin’s code as a faster, cheaper payment network, and is one of the oldest major cryptocurrencies.
What is the LTC supply?
Supply is capped at 84 million LTC and the reward halves every 840,000 blocks (about four years); the latest halving, in August 2023, cut it to 6.25 LTC.
Where can I buy LTC?
Large exchanges usually offer LTC spot trading, subject to your region and account; compare fees and verify the official domain before signing up.
Research and education only; not investment advice.
