LTC - Litecoin currency

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Litecoin (LTC) is a decentralized cryptocurrency that was created in 2011 by Charlie Lee, a former Google engineer. It is based on Bitcoin’s open-source code but with key differences, such as faster transaction times and a different hashing algorithm (Scrypt). Litecoin is often referred to as the "silver to Bitcoin's gold" due to its similarities to Bitcoin but with enhancements in scalability and efficiency. Unlike traditional fiat currencies, Litecoin is not issued by any central bank, and its value is determined by market demand and supply. LTC is used for peer-to-peer transactions, online purchases, and as an investment asset in the cryptocurrency market.

LTC - Litecoin profile

Symbol LTC
ISO 4217 Code LTC
Central Bank Not applicable (decentralized)
Nicknames -
Countries using this currency Used globally in digital markets

LTC - Litecoin
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Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.

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