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  • Tokens
  • Litecoin (LTC)

    6/22/2025 20:00 UTC

    $78.19

    -2.31%

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    Frequently Asked Questions

    • Payments

      Litecoin is mainly used for fast and low-cost digital payments. It allows people to send money quickly across the world without needing banks.

      Transactions

      It helps with everyday transactions, making it easier to buy goods and services online or in stores that accept Litecoin.

      Store of Value

      Some people use Litecoin to save money, hoping its value will grow over time.

      Testing Ground

      Litecoin often serves as a testing platform for new blockchain technologies before they are used on bigger networks.

      Last Updated: 5/27/2025 02:00 UTC
    • Pros

      • Faster transactions: Litecoin processes transactions in about 2.5 minutes, much quicker than Bitcoin’s 10 minutes, making it good for everyday use.
      • Lower fees: Transaction costs are usually lower than Bitcoin, which helps save money on transfers.
      • Established reputation: Created in 2011, Litecoin is one of the oldest and most trusted cryptocurrencies.
      • Good liquidity: It is one of the top cryptocurrencies by market value, making it easy to buy and sell.
      • Similar to Bitcoin with improvements: It uses a similar technology but with tweaks to improve speed and efficiency.

      Cons

      • Less popular than Bitcoin: Litecoin’s price and market attention are lower compared to Bitcoin and some newer coins.
      • Limited unique features: It is often seen as a “lite” version of Bitcoin without many new innovations.
      • Price growth slower: Litecoin has not had major price surges recently compared to some other cryptocurrencies.
      • Competition: Faces strong competition from other fast and low-fee cryptocurrencies like Solana and Ethereum.
      Last Updated: 5/27/2025 02:01 UTC
    • Founders

      Litecoin was created by Charlie Lee, a computer scientist and former Google engineer. He is the main and widely recognized founder of Litecoin.

      Background

      Charlie Lee launched Litecoin in 2011 as a faster and lighter version of Bitcoin. He also worked at Coinbase and now leads the Litecoin Foundation, which supports the development and promotion of Litecoin.

      Team

      While Charlie Lee is the key founder, Litecoin has a global team of developers and contributors based in places like the United States, China, South Korea, and Europe.

      Last Updated: 5/27/2025 02:01 UTC
    • Individual and Institutional Investors

      Litecoin is supported by a wide range of investors including individual crypto enthusiasts, miners, and institutional investors. Large mining pools run by tech firms hold significant influence in Litecoin mining and investment.

      Accredited Investors

      Accredited investors can buy pre-IPO shares related to Litecoin through platforms like EquityZen, where existing shareholders sell their stakes.

      Corporate and Tech Support

      Litecoin benefits from backing by companies and platforms that adopt it for payments, which attracts more investors. The Litecoin Foundation also plays a role in maintaining and promoting the project.

      Public Market Investors

      Litecoin is traded on many cryptocurrency exchanges such as Binance, Coinbase, and Gemini, where retail investors can buy and sell LTC tokens.

      Notable Individuals

      Charlie Lee, a former Google engineer and Coinbase employee, founded Litecoin and remains a key figure associated with its development and promotion.

      For more details, visit the official Litecoin website or trusted crypto investment platforms.

      Last Updated: 5/27/2025 02:01 UTC
    • Halal Status of Litecoin

      Yes, Litecoin is considered halal. It shares many features with Bitcoin, which is widely accepted as halal by many Islamic scholars. Litecoin operates as a decentralized digital currency without interest (riba) and does not involve prohibited activities, making it permissible for Muslims to trade, invest, and stake.

      Last Updated: 5/27/2025 02:01 UTC

    Description

    #26

    Litecoin is a cryptocurrency that is based on Bitcoins open source code, but with faster transaction times and lower fees. It uses a different mining algorithm and has a fixed supply of 84 million coins.

    Sector: Payments
    Blockchain: Other L1

    Market Data

    Rank: 26
    Volume: 428M
    Marketcap: 6.1B
    Fully Diluted Value: 6.6B
    Circulating Supply: 90%
    26M 660K/865K
    13M 355K/497K
    10M 437K/559K
    9M 645K/600K
    8.6M 70K/61K
    7.8M 363K/1.3M
    7.6M 227K/278K
    6.8M 563K/440K
    2.3M 192K/408K
    2.1M 221K/125K
    2M 102K/99K
    1.5M 282K/574K
    1.4M 654K/867K
    1.1M 171K/183K
    830K 38K/579K
    804K 13K/25K
    633K 28K/35K
    602K 22K/17K
    555K 18K/20K
    419K 26K/104K
    333K 59K/57K
    325K 23K/32K
    317K 3.7K/10K
    314K 181K/209K