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.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	LTC-USDT LTCUSDT	binance	AA	51.33USDT	0.14%	348,473.19LTC	158,397	51.26USDT	51.54USDT
2	LTC-USDT LTC-USDT	kucoin	BB	51.31USDT	0.14%	173,439.24LTC	28,334	51.24USDT	51.54USDT
3	LTC-USD LTC-USD	coinbase	AA	51.30USD	0.13%	145,413.81LTC	34,167	51.23USD	51.50USD
4	LTC-USDC LTC-USDC	coinbaseinternational	BB	51.30USDC	0.13%	145,413.81LTC	34,167	51.23USDC	51.50USDC
5	LTC-USDT LTC_USDT	whitebit	BB	51.32USDT	0.14%	137,082.01LTC	12,562	51.25USDT	51.52USDT
6	LTC-USDT LTCUSDT	bybit	A	51.32USDT	0.14%	104,251.66LTC	28,420	51.25USDT	51.53USDT
7	LTC-USDT LTC_USDT	gateio	A	51.32USDT	0.14%	86,456.18LTC	23,578	51.25USDT	51.53USDT
8	LTC-USDT LTC-USDT	okex	A	51.33USDT	0.16%	79,623.47LTC	26,103	51.25USDT	51.53USDT
9	LTC-USD XLTCZUSD	kraken	AA	51.29USD	0.10%	44,366.33LTC	9,270	51.24USD	51.48USD
10	LTC-USDC LTCUSDC	binance	AA	51.28USDC	0.10%	43,360.17LTC	14,093	51.23USDC	51.50USDC
11	LTC-WBT LTC_WBT	whitebit	BB	0.6590WBT	0.15%	31,756.70LTC	3,373	0.6580WBT	0.6610WBT
12	LTC-USDT LTCUSDT_SPBL	bitget	BB	51.31USDT	0.10%	21,137.65LTC	6,078	51.26USDT	51.53USDT
13	LTC-USD ltcusd	bitstamp	AA	51.26USD	0.08%	18,117.22LTC	3,054	51.22USD	51.49USD
14	LTC-USDT LTC_USDT	cryptodotcom	AA	51.24USDT	-0.02%	17,840.96LTC	10,825	51.25USDT	51.53USDT
15	LTC-EUR XLTCZEUR	kraken	AA	44.72EUR	0.63%	15,561.83LTC	3,984	44.44EUR	44.82EUR
16	LTC-USDC LTC_USDC	whitebit	BB	51.20USDC	0.02%	10,273.88LTC	1,093	51.19USDC	51.51USDC
17	LTC-USDT LTCUST	bitfinex	BB	51.16USDT	-0.31%	9,483.71LTC	2,884	51.32USDT	51.55USDT
18	LTC-USD LTC_USD	lmax	BB	51.22USD	-0.02%	9,235.86LTC	1,072	51.23USD	51.48USD
19	LTC-BTC LTCBTC	binance	AA	0.0₃6750BTC	-0.30%	9,062.97LTC	1,777	0.0₃6770BTC	0.0₃6790BTC
20	LTC-EUR LTC-EUR	coinbase	AA	44.75EUR	0.71%	8,183.45LTC	2,568	44.44EUR	44.83EUR
21	LTC-USD LTC_USD	cryptodotcom	AA	51.15USD	-0.27%	7,444.25LTC	2,471	51.30USD	51.50USD
22	LTC-USDT LTCUSDT	kraken	AA	51.24USDT	-0.16%	7,248.50LTC	1,406	51.32USDT	51.52USDT
23	LTC-TRY LTC_TRY	whitebit	BB	2,484.00TRY	-0.40%	5,950.31LTC	613	2,494.00TRY	2,506.00TRY
24	LTC-BTC LTC-BTC	kucoin	BB	0.0₃6750BTC	-0.30%	5,863.07LTC	1,069	0.0₃6770BTC	0.0₃6780BTC
25	LTC-BTC LTC_BTC	whitebit	BB	0.0₃6754BTC	-0.31%	5,875.48LTC	863	0.0₃6775BTC	0.0₃6794BTC
26	LTC-UAH LTC_UAH	whitebit	BB	2,222.59UAH	0.11%	5,735.38LTC	1,669	2,220.07UAH	2,231.50UAH
27	LTC-TRY LTCTRY	binance	AA	2,494.00TRY	-0.04%	5,570.77LTC	1,079	2,495.00TRY	2,506.00TRY
28	LTC-USD LTCUSD	bitfinex	BB	51.34USD	0.08%	4,768.54LTC	14,231	51.30USD	51.58USD
29	LTC-EUR ltceur	bitstamp	AA	44.55EUR	0.33%	3,377.12LTC	859	44.40EUR	44.80EUR
30	LTC-USD ltcusd	gemini	A	51.21USD	0.47%	3,119.66LTC	1,626	50.97USD	51.44USD
31	LTC-USDC LTC-USDC	okex	A	51.12USDC	-0.33%	2,950.60LTC	607	51.29USDC	51.46USDC
32	LTC-BTC LTCBTC	bitfinex	BB	0.0₃6753BTC	-0.29%	2,948.11LTC	555	0.0₃6773BTC	0.0₃6796BTC
33	LTC-USDC LTCUSDC	kraken	AA	51.08USDC	-0.34%	2,890.69LTC	537	51.25USDC	51.43USDC
34	LTC-GBP LTCGBP	kraken	AA	38.26GBP	0.58%	2,809.91LTC	739	38.04GBP	38.40GBP
35	LTC-EUR LTC_EUR	whitebit	BB	44.63EUR	0.54%	2,735.40LTC	360	44.39EUR	44.87EUR
36	LTC-USDC LTC-USDC	kucoin	BB	51.03USDC	-0.43%	2,864.04LTC	1,621	51.25USDC	51.47USDC
37	LTC-USD LTC_USD	whitebit	BB	51.17USD	0.04%	2,151.31LTC	249	51.15USD	51.43USD
38	LTC-FDUSD LTCFDUSD	binance	AA	51.21FDUSD	-0.29%	2,133.55LTC	1,508	51.36FDUSD	51.59FDUSD
39	LTC-EUR LTC-EUR	okex	A	44.70EUR	0.68%	1,878.66LTC	619	44.40EUR	44.83EUR
40	LTC-EUR LTCEUR	binance	AA	44.52EUR	0.20%	1,928.61LTC	485	44.43EUR	44.79EUR
41	LTC-BTC ltcbtc	bitstamp	AA	0.0₃6756BTC	-0.28%	1,490.78LTC	208	0.0₃6775BTC	0.0₃6786BTC
42	LTC-GBP LTC-GBP	coinbase	AA	38.30GBP	0.77%	1,450.10LTC	224	38.00GBP	38.40GBP
43	LTC-USD LTC-USD	okex	A	51.06USD	-0.23%	1,420.42LTC	246	51.18USD	51.45USD
44	LTC-USDC LTCUSDC	bybit	A	51.28USDC	0.08%	1,429.67LTC	1,365	51.24USDC	51.46USDC
45	LTC-JPY LTCJPY	binance	AA	8,011.00JPY	0.69%	1,375.38LTC	407	7,956.00JPY	8,030.00JPY
46	LTC-ETH LTCETH	binance	AA	0.02139ETH	0.09%	1,213.76LTC	398	0.02137ETH	0.02139ETH
47	LTC-BTC XLTCXXBT	kraken	AA	0.0₃6750BTC	-0.44%	1,185.51LTC	164	0.0₃6780BTC	0.0₃6780BTC
48	LTC-USDC LTC_USDC	gateio	A	51.22USDC	-0.04%	997.61LTC	343	51.23USDC	51.43USDC
49	LTC-ETH LTC-ETH	kucoin	BB	0.02137ETH	0.05%	884.66LTC	965	0.02136ETH	0.02138ETH
50	LTC-USD LTCUSD	oslhongkong	A	51.26USD	0.10%	686.31LTC	2,594	51.21USD	51.50USD