Is Litecoin down?

Litecoin is down 3.24% in the last 24 hours. The current CoinMarketCap ranking is #16, with a live market cap of $11,555,182,000 USD. It has a circulating supply of 66,752,615 LTC coins and a max. supply of 84,000,000 LTC coins.

Is Litecoin a fiat currency?

Litecoin is one of the few cryptocurrencies with a wide variety of fiat trading pairs, and can be exchanged for U.S. dollars (USD), Korean won (KRW), euros (EUR) and more when you buy Litecoin. Some of the most prominent names include Huobi Global , Binance , Coinbase Pro , OKEx and Kraken .

How are Litecoins created?

Instead, being regulated by a Federal Reserve and coming off a press at the Bureau of Engraving and Printing, litecoins are created by the elaborate procedure called mining, which consists of processing a list of litecoin transactions. Unlike traditional currencies, the supply of litecoins is fixed.

How many Litecoins are there?

There will ultimately be only 84 million litecoins in circulation and not one more. Every 2.5 minutes (as opposed to 10 minutes for bitcoin), the litecoin network generates a what is called a block – a ledger entry of recent litecoin transactions throughout the world. And here is where litecoin’s inherent value derives.