Question 1

Litecoin price

Accepted Answer

[Litecoin](https://litecoin.org/) has a total capped supply of 84 million tokens. The project initially launched with 150 pre-mined tokens (tokens mined by Litecoin developers ahead of the token’s public launch). The project then established a reward of 50 litecoin per block at its inception, with the block reward halving occurring every 840,000 blocks thereafter. The [last block](https://www.litecoinblockhalf.com/) is expected to be mined in 2142.

LTC price history includes peaks intersected by long periods of sideways activity. In December 2017 and April/May 2021, Litecoin’s price broke above $250 and reached a peak of about $410 on both occasions before it fell sharply. In May 2021, LTC price recorded its all-time high of $412.96, but it fell by over 50% in the following six months.

Question 2

How does Litecoin work?

Accepted Answer

Litecoin users send and receive LTC on the blockchain by inputting the public-key information attached to each person’s digital wallet. As noted, Litecoin uses code very similar to Bitcoin’s. But unlike Bitcoin’s [proof-of-work](https://www.coindesk.com/learn/what-is-proof-of-work) consensus – where participants known as “miners” compete against each other using specialised computer equipment to be the first to discover new blocks – LTC incorporates the Scrypt proof-of-work algorithm, which makes it possible to mine the cryptocurrency with consumer-grade hardware.

Another characteristic that makes Litecoin different from Bitcoin is the time it takes to confirm blocks. It takes Bitcoin nine minutes on average to produce a block, while it takes Litecoin two and a half minutes to produce a block on its network. Litecoin essentially serves as a “testnet” for improvements to be implemented on the Bitcoin blockchain. For example, Litecoin integrated the Lightning Network – a second-layer technology for Bitcoin to create micropayment channels for payments – ahead of Bitcoin.

Question 3

Key events and management

Accepted Answer

At the end of 2017, Lee shocked the Litecoin community by [selling](https://www.coindesk.com/markets/2017/12/20/litecoin-creator-sells-stake-citing-conflict-of-interest/) all of his litecoin holdings. The sale came a few days after the digital asset hit a high of $375.29 at the time and amid accusations that Lee was manipulating the LTC market via his Twitter posts. In the end, he cited conflict of interest as the reason for the sale.

Litecoin was thrust into the spotlight in September 2021 when a fake press release was put out announcing a partnership between Litecoin and Walmart. As a result, LTC’s price [rose](https://www.coindesk.com/business/2021/09/13/price-of-litecoin-spikes-on-fake-walmart-press-release/) 30%, but eased soon afterward when the alliance was revealed to be a [hoax](https://corporate.walmart.com/newsroom/2021/09/13/walmart-statement-in-response-to-fake-litecoin-press-release).

Karnika Yashwant, founder and CEO of crypto marketing company KEY Difference Media; Arbi Khodagholian and his venture capital firm Block Ventures; and individual investor Zachary Snader are investors in Litecoin, [according to](https://www.crunchbase.com/organization/litecoin) Crunchbase. Mimblewimble – a privacy protocol that aims to make cryptocurrency transactions anonymous – [is expected to hit](https://litecointalk.io/t/mweb-progress-update-thread/26678/243) the Litecoin network by the end of 2021.

Litecoin too has had forks, or splits from the blockchain, such as Junkcoin (JKC), Monacoin (MONA), Litecoin Cash (LCC), CloakCoin (CLOAK), and Einsteinium (EMC2). Lee has made a point of calling out any fork of Litecoin as a [scam](https://twitter.com/SatoshiLite/status/960197866546282496). Lee remains the managing director of the [Litecoin Foundation](https://litecoin-foundation.org/), which promotes the Litecoin blockchain and funds its development.

#	Instrumen	Bursa	Skor Tolok Ukur	Harga	Perubahan 24j	Volume 24j	Trading 24j	Pembukaan 24j	Tertinggi 24j
1	LTC-USDT LTCUSDT	binance	AA	57.27USDT	6.19%	506,538.73LTC	219,106	53.93USDT	57.44USDT
2	LTC-USDT LTC-USDT	okex	A	57.28USDT	6.23%	190,112.79LTC	38,410	53.92USDT	57.45USDT
3	LTC-USD LTC-USD	coinbase	AA	57.29USD	6.31%	187,972.21LTC	39,914	53.89USD	57.42USD
4	LTC-USDC LTC-USDC	coinbaseinternational	BB	57.29USDC	6.31%	187,871.59LTC	39,878	53.89USDC	57.42USDC
5	LTC-USDT LTC_USDT	gateio	A	57.30USDT	6.29%	175,570.36LTC	26,237	53.91USDT	57.43USDT
6	LTC-USDT LTC-USDT	kucoin	BB	57.30USDT	6.27%	132,295.28LTC	26,081	53.92USDT	57.41USDT
7	LTC-USDT LTCUSDT	bybit	A	57.31USDT	6.27%	119,902.40LTC	32,711	53.93USDT	57.44USDT
8	LTC-USD XLTCZUSD	kraken	AA	57.30USD	6.31%	88,533.84LTC	14,784	53.90USD	57.43USD
9	LTC-USDT LTC_USDT	whitebit	BB	57.28USDT	6.23%	88,383.99LTC	8,384	53.92USDT	57.42USDT
10	LTC-USDC LTCUSDC	binance	AA	57.32USDC	6.40%	53,602.73LTC	16,859	53.87USDC	57.43USDC
11	LTC-USD ltcusd	bitstamp	AA	57.32USD	6.40%	42,033.90LTC	4,700	53.88USD	57.44USD
12	LTC-WBT LTC_WBT	whitebit	BB	0.6860WBT	0.29%	37,972.99LTC	3,887	0.6840WBT	0.6959WBT
13	LTC-USDT LTCUSDT_SPBL	bitget	BB	57.31USDT	6.35%	33,324.35LTC	9,042	53.89USDT	57.41USDT
14	LTC-EUR XLTCZEUR	kraken	AA	49.86EUR	6.22%	30,237.52LTC	5,885	46.94EUR	49.95EUR
15	LTC-USDT LTC_USDT	cryptodotcom	AA	57.30USDT	6.25%	20,393.93LTC	13,686	53.93USDT	57.42USDT
16	LTC-USDT LTCUST	bitfinex	BB	57.31USDT	6.37%	13,957.74LTC	3,703	53.87USDT	57.41USDT
17	LTC-USDT LTCUSDT	kraken	AA	57.29USDT	6.32%	11,947.24LTC	1,740	53.89USDT	57.40USDT
18	LTC-USD LTC_USD	cryptodotcom	AA	57.28USD	6.27%	12,003.62LTC	4,300	53.90USD	57.44USD
19	LTC-EUR LTC-EUR	coinbase	AA	49.85EUR	6.26%	11,890.28LTC	3,396	46.92EUR	50.00EUR
20	LTC-BTC LTCBTC	binance	AA	0.0₃7060BTC	0.14%	12,026.23LTC	3,392	0.0₃7050BTC	0.0₃7159BTC
21	LTC-USDC LTC_USDC	whitebit	BB	57.27USDC	6.25%	9,849.99LTC	1,543	53.90USDC	57.36USDC
22	LTC-TRY LTCTRY	binance	AA	2,774.00TRY	5.92%	9,430.06LTC	1,747	2,619.00TRY	2,785.00TRY
23	LTC-USD LTC_USD	lmax	BB	57.29USD	6.41%	7,566.57LTC	1,572	53.84USD	57.35USD
24	LTC-FDUSD LTCFDUSD	binance	AA	57.34FDUSD	6.17%	7,570.18LTC	3,709	54.01FDUSD	57.41FDUSD
25	LTC-USD LTCUSD	bitfinex	BB	57.27USD	6.23%	7,305.02LTC	16,426	53.91USD	57.40USD
26	LTC-USDC LTC-USDC	okex	A	57.33USDC	6.38%	6,572.00LTC	1,151	53.89USDC	57.43USDC
27	LTC-BTC LTCBTC	bitfinex	BB	0.0₃7050BTC	-0.09%	6,126.65LTC	843	0.0₃7056BTC	0.0₃7165BTC
28	LTC-BTC LTC_BTC	whitebit	BB	0.0₃7050BTC	-0.16%	5,990.66LTC	1,042	0.0₃7061BTC	0.0₃7164BTC
29	LTC-UAH LTC_UAH	whitebit	BB	2,472.63UAH	6.07%	5,256.71LTC	1,983	2,331.06UAH	2,479.69UAH
30	LTC-ETH LTCETH	binance	AA	0.02174ETH	-1.32%	5,078.97LTC	1,024	0.02203ETH	0.02239ETH
31	LTC-TRY LTC_TRY	whitebit	BB	2,781.00TRY	5.94%	5,070.48LTC	819	2,625.00TRY	2,791.00TRY
32	LTC-BTC LTC-BTC	kucoin	BB	0.0₃7050BTC	-0.14%	4,289.98LTC	1,940	0.0₃7060BTC	0.0₃7159BTC
33	LTC-USDC LTC-USDC	kucoin	BB	57.29USDC	6.31%	3,652.34LTC	2,302	53.89USDC	57.40USDC
34	LTC-EUR ltceur	bitstamp	AA	49.87EUR	6.28%	3,505.22LTC	1,018	46.93EUR	49.93EUR
35	LTC-EUR LTC_EUR	whitebit	BB	49.79EUR	6.05%	3,174.08LTC	575	46.95EUR	49.90EUR
36	LTC-USD ltcusd	gemini	A	57.29USD	6.43%	3,432.57LTC	975	53.83USD	57.37USD
37	LTC-BTC ltcbtc	bitstamp	AA	0.0₃7046BTC	-0.07%	3,016.55LTC	390	0.0₃7050BTC	0.0₃7152BTC
38	LTC-EUR LTCEUR	binance	AA	49.86EUR	6.18%	2,750.78LTC	620	46.96EUR	49.97EUR
39	LTC-USDC LTCUSDC	kraken	AA	57.36USDC	6.47%	2,716.39LTC	644	53.88USDC	57.40USDC
40	LTC-USD LTC_USD	whitebit	BB	57.26USD	6.41%	2,595.23LTC	492	53.81USD	57.34USD
41	LTC-USD LTC-USD	okex	A	57.29USD	6.27%	2,576.38LTC	475	53.91USD	57.38USD
42	LTC-JPY LTCJPY	binance	AA	8,981.00JPY	6.98%	2,290.44LTC	811	8,395.00JPY	8,993.00JPY
43	LTC-USDC LTCUSDC	bybit	A	57.30USDC	6.27%	2,165.75LTC	1,166	53.92USDC	57.41USDC
44	LTC-GBP LTC-GBP	coinbase	AA	42.80GBP	6.06%	2,081.47LTC	317	40.35GBP	42.80GBP
45	LTC-EUR LTC-EUR	okex	A	49.87EUR	6.22%	1,903.51LTC	770	46.95EUR	49.93EUR
46	LTC-BTC LTC-BTC	coinbase	AA	0.0₃7050BTC	0.00%	1,848.71LTC	292	0.0₃7050BTC	0.0₃7159BTC
47	LTC-GBP LTCGBP	kraken	AA	42.76GBP	5.94%	1,635.69LTC	568	40.36GBP	42.82GBP
48	LTC-BTC XLTCXXBT	kraken	AA	0.0₃7060BTC	0.14%	1,063.40LTC	242	0.0₃7050BTC	0.0₃7170BTC
49	LTC-BRL LTCBRL	binance	AA	296.00BRL	7.13%	1,010.37LTC	407	276.30BRL	296.00BRL
50	LTC-ETH LTC-ETH	kucoin	BB	0.02173ETH	-1.32%	806.64LTC	953	0.02202ETH	0.02236ETH