LTC Price Decline This Week
Litecoin's current price is R$ 460.25** with a 24-hour trading volume of **R$ 1.79 billion. Over the past 24 hours, LTC has decreased by -0.99%, with minor fluctuations of -0.04%.
Key Market Metrics:
- Market Cap: $34.98 billion
- Circulating Supply: 76.03 million LTC
- Fully Diluted Market Cap: $6.41 billion
- Current CoinGecko Ranking: #25
👉 Track real-time LTC prices
Latest LTC-to-BRL Price Calculator
Convert between Litecoin (LTC) and Brazilian Real (BRL) effortlessly:
| Conversion | Rate |
|------------|------|
| 1 LTC → BRL | R$ 460.25 |
| 1 BRL → LTC | 0.00217 LTC |
About Litecoin (LTC)
Litecoin (LTC) is a decentralized peer-to-peer cryptocurrency, derived from Bitcoin’s source code. Launched in October 2011 by former Google engineer Charlie Lee, Litecoin is one of the earliest successful altcoins.
Key Advantages Over Bitcoin:
âś” Lower transaction fees
✔ Faster block generation (2.5 minutes vs. Bitcoin’s 10)
âś” Higher transaction throughput
âś” Enhanced decentralization
Litecoin uses the Scrypt hashing algorithm, which prioritizes memory efficiency over computational power, reducing ASIC dominance risks.
Use Cases:
- Microtransactions
- Point-of-sale payments
- Quick settlements
👉 Explore LTC trading opportunities
Frequently Asked Questions (FAQs)
Q1: Why is Litecoin considered "silver to Bitcoin’s gold"?
A1: Due to its faster transactions and lower fees, Litecoin serves as a lighter, more efficient alternative while retaining Bitcoin’s security model.
Q2: How does Scrypt mining differ from Bitcoin’s SHA-256?
A2: Scrypt requires more memory, making it ASIC-resistant initially, though specialized miners now exist.
Q3: What drives Litecoin’s price volatility?
A3: Market demand, Bitcoin’s trends, adoption rates, and macroeconomic factors influence LTC’s price.
Q4: Can Litecoin be used for everyday purchases?
A4: Yes! Many merchants accept LTC for its fast confirmations and low costs.