$LTC

The Litecoin project was conceived and created by Charlie Lee as an alternative to Bitcoin, whose source code was taken as a basis. The project was launched on October 13, 2011.

The Litecoin payment system is supported by the simultaneous operation of a large number of copies of the client program, the open source code of which was published on GitHub on October 7, 2011. As of February 2014, the current version of the client is 0.8.6.2. The new version includes improvements in security and performance of the client program and the network as a whole. Also, in version 0.8.6.1, the transaction fee was reduced by 20 times. Other clients may also be released.

In April 2013, Litecoin was referred to in the news as an alternative/reserve/replacement for Bitcoin.

In November 2013, the market capitalization of Litecoin in US dollars increased significantly, rising by 100% within 24 hours.[2] Various ranges of price fluctuations are marked in history — 1 LTC at the beginning of last year could be purchased for $5, and by the end for $370.[3] In August 2021, the market capitalization of Litecoin was $12.2 billion.[4]