Litecoin was created by Charlie Lee, a former Google employee, in 2011. Litecoin was released via an open-source client on GitHub on Oct. 7, 2011. The cryptocurrency was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Its developers have always stated that Litecoin can be seen as the "silver" to Bitcoin's “gold". Litecoin uses the memory intensive Scrypt proof of work mining algorithm, which is more accessible for users that want to mine via CPU or CPU-based mining rigs, as ASIC-based rigs are not suitable for Litecoin mining. The block reward was halved in 2015 to 25, and will continue to halve until its hard cap of 84 million Litecoin is reached.
Litecoin (LTC) coin's current price is 319.9587USD. The last 24-hour trading volume of Litecoin is $1.70B. LTC price has increased by 3.50% in the last 24 hours. It has a circulating supply of 66.75M coins, and the total market cap of Litecoin is $21.36B. Users can use Binance, Bitfinex, or other cryptocurrency exchanges to purchase Litecoin with USD utilizing their bank account and credit cards. Use the Aurox Terminal to purchase Litecoin across multiple exchanges, track and view Litecoin price charts, as well as utilize our proprietary signals and indicators to help you predict the market.
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Bitcoin remains on slippery ground and the completion of a bearish candlestick pattern signals that further downside is possible for BTC and altcoins.
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