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	59.73USDT	-2.18%	250,265.91LTC	121,360	61.06USDT	62.01USDT
2	LTC-USDT LTC_USDT	whitebit	BB	59.72USDT	-2.16%	136,474.23LTC	19,022	61.04USDT	61.90USDT
3	LTC-USD LTC-USD	coinbase	AA	59.67USD	-2.17%	106,779.39LTC	41,324	60.99USD	61.58USD
4	LTC-USDT LTC_USDT	gateio	A	59.74USDT	-2.15%	83,015.00LTC	24,499	61.05USDT	61.60USDT
5	LTC-USDT LTC-USDT	okex	A	59.73USDT	-2.18%	79,172.92LTC	21,623	61.06USDT	61.62USDT
6	LTC-USDT LTC-USDT	kucoin	BB	59.71USDT	-2.19%	65,025.76LTC	15,820	61.05USDT	61.88USDT
7	LTC-USDT LTCUSDT	bybit	A	59.73USDT	-2.16%	62,536.57LTC	21,785	61.05USDT	61.55USDT
8	LTC-USD XLTCZUSD	kraken	AA	59.66USD	-2.16%	48,833.49LTC	11,206	60.98USD	61.66USD
9	LTC-WBT LTC_WBT	whitebit	BB	0.7450WBT	-1.32%	41,604.76LTC	4,573	0.7550WBT	0.7660WBT
10	LTC-USDC LTCUSDC	binance	AA	59.66USDC	-2.18%	37,502.14LTC	20,403	60.99USDC	61.96USDC
11	LTC-USDT LTCUSDT_SPBL	bitget	BB	59.75USDT	-2.18%	28,044.31LTC	8,367	61.08USDT	61.69USDT
12	LTC-EUR XLTCZEUR	kraken	AA	53.10EUR	-2.37%	14,184.45LTC	5,016	54.39EUR	54.84EUR
13	LTC-BTC LTC_BTC	whitebit	BB	0.0₃7313BTC	-1.30%	13,534.88LTC	1,311	0.0₃7409BTC	0.0₃7609BTC
14	LTC-USD LTC_USD	lmax	BB	59.61USD	-2.21%	13,898.02LTC	1,301	60.96USD	61.41USD
15	LTC-TRY LTC_TRY	whitebit	BB	2,948.00TRY	-2.29%	13,609.66LTC	1,703	3,017.00TRY	3,041.00TRY
16	LTC-USD LTC_USD	cryptodotcom	AA	59.66USD	-2.20%	11,370.99LTC	9,482	61.00USD	61.82USD
17	LTC-USD ltcusd	bitstamp	AA	59.64USD	-2.22%	11,346.89LTC	1,906	60.99USD	61.47USD
18	LTC-USDT LTCUST	bitfinex	BB	59.67USDT	-2.20%	9,219.57LTC	2,439	61.01USDT	61.94USDT
19	LTC-USDC LTC_USDC	whitebit	BB	59.57USDC	-2.17%	8,761.86LTC	1,611	60.89USDC	61.41USDC
20	LTC-USD LTC_USD	whitebit	BB	59.70USD	-1.91%	7,153.50LTC	1,044	60.86USD	61.40USD
21	LTC-UAH LTC_UAH	whitebit	BB	2,554.73UAH	-2.33%	6,945.87LTC	3,001	2,615.68UAH	2,634.01UAH
22	LTC-USD LTCUSD	bitfinex	BB	59.74USD	-2.17%	6,116.17LTC	20,093	61.06USD	61.80USD
23	LTC-EUR LTC_EUR	whitebit	BB	53.03EUR	-2.50%	5,785.81LTC	935	54.39EUR	54.79EUR
24	LTC-BTC LTCBTC	binance	AA	0.0₃7320BTC	-1.35%	5,730.00LTC	1,263	0.0₃7420BTC	0.0₃7560BTC
25	LTC-USDT LTC_USDT	cryptodotcom	AA	59.74USDT	-2.13%	5,371.98LTC	11,474	61.04USDT	61.86USDT
26	LTC-BTC LTC-BTC	kucoin	BB	0.0₃7310BTC	-1.35%	4,730.92LTC	1,598	0.0₃7410BTC	0.0₃7470BTC
27	LTC-USDT LTCUSDT	kraken	AA	59.73USDT	-2.15%	4,863.40LTC	1,510	61.04USDT	61.81USDT
28	LTC-USDC LTC-USDC	kucoin	BB	59.63USDC	-2.21%	4,605.79LTC	1,718	60.98USDC	61.44USDC
29	LTC-USDC LTC-USDC	okex	A	59.67USDC	-2.16%	3,650.81LTC	1,539	60.99USDC	61.48USDC
30	LTC-EUR LTC-EUR	coinbase	AA	53.10EUR	-2.33%	3,519.65LTC	1,676	54.37EUR	55.08EUR
31	LTC-TRY LTCTRY	binance	AA	2,948.00TRY	-2.12%	2,859.69LTC	985	3,012.00TRY	3,100.00TRY
32	LTC-GBP LTC-GBP	coinbase	AA	44.74GBP	-2.57%	2,527.56LTC	1,318	45.91GBP	46.28GBP
33	LTC-USDC LTCUSDC	kraken	AA	59.64USDC	-2.33%	2,366.53LTC	627	61.06USDC	61.54USDC
34	LTC-BTC LTCBTC	bitfinex	BB	0.0₃7320BTC	-1.25%	1,679.25LTC	801	0.0₃7413BTC	0.0₃7511BTC
35	LTC-USDC LTCUSDC	bybit	A	59.64USDC	-2.21%	1,582.12LTC	523	60.99USDC	61.66USDC
36	LTC-USD ltcusd	gemini	A	59.67USD	-2.08%	1,526.66LTC	739	60.94USD	61.48USD
37	LTC-EUR ltceur	bitstamp	AA	53.09EUR	-2.32%	1,388.73LTC	599	54.35EUR	54.85EUR
38	LTC-FDUSD LTCFDUSD	binance	AA	59.78FDUSD	-2.10%	1,289.30LTC	905	61.06FDUSD	61.98FDUSD
39	LTC-JPY LTCJPY	binance	AA	9,434.00JPY	-2.14%	1,073.18LTC	660	9,640.00JPY	9,786.00JPY
40	LTC-BTC XLTCXXBT	kraken	AA	0.0₃7310BTC	-1.48%	1,030.63LTC	203	0.0₃7420BTC	0.0₃7480BTC
41	LTC-GBP LTCGBP	kraken	AA	44.74GBP	-2.35%	1,027.60LTC	539	45.82GBP	46.76GBP
42	LTC-U LTCU	binance	AA	59.68U	-2.16%	968.22LTC	187	61.00U	62.00U
43	LTC-EUR LTC-EUR	okex	A	53.12EUR	-2.25%	911.18LTC	541	54.34EUR	54.85EUR
44	LTC-USDC LTC-USDC	coinbaseinternational	BB	63.01USDC	0.00%	0LTC	0	63.01USDC	63.01USDC
45	LTC-BTC LTC-BTC	coinbase	AA	0.0₃7320BTC	-1.21%	719.07LTC	284	0.0₃7410BTC	0.0₃7480BTC
46	LTC-USD1 LTCUSD1	binance	AA	59.58USD1	-1.46%	646.13LTC	113	60.46USD1	61.90USD1
47	LTC-USD LTCUSD	oslhongkong	A	59.68USD	-2.12%	595.34LTC	2,670	60.97USD	61.40USD
48	LTC-ETH LTCETH	kraken	AA	0.02454ETH	-1.64%	508.02LTC	22	0.02495ETH	0.02514ETH
49	LTC-ETH LTCETH	binance	AA	0.02465ETH	-1.16%	504.39LTC	396	0.02494ETH	0.02532ETH
50	LTC-USDC LTC_USDC	gateio	A	59.65USDC	-2.10%	491.66LTC	318	60.93USDC	61.66USDC