$LTC #LTC/USD Litecoin (LTC), often referred to as the "silver to Bitcoin's gold," is a decentralized cryptocurrency established in 2011 by former Google engineer Charlie Lee. Designed to facilitate peer-to-peer transactions, Litecoin offers faster block generation times and a higher maximum coin supply compared to Bitcoin.
As of February 21, 2025, Litecoin is trading at $135.03, reflecting a 3.85% increase from the previous close. The day's trading range has seen a high of $138.76 and a low of $126.46.
Technical Overview:
Faster Transactions: Litecoin processes blocks every 2.5 minutes, significantly quicker than Bitcoin's 10-minute interval, enabling faster transaction confirmations.
Scrypt Algorithm: Utilizing the Scrypt hashing algorithm, Litecoin was initially more accessible to individual miners. However, advancements have led to the development of specialized mining hardware (ASICs) for Scrypt, increasing mining difficulty.
Supply Limit: Litecoin has a capped supply of 84 million
