Litecoin (LTC) Price
Similar to Bitcoin, Litecoin (LTC) cryptocurrency is a project that makes use of the MIT/X11 Licence. It was released by Charlie Lee, a former Googler. Here is information about how to mine the currency, and its price changes over time.
Litecoin is an open source software project which makes use of the MIT/X11 licence. It is extremely similar to Bitcoin with regard to the technical details. In fact, it was inspired by Bitcoin. Litecoin allows the creation of coins and also their transfers by making use of an open source cryptographic protocol. As with Bitcoin and other cryptocurrencies, the entire ecosystem is decentralised and free of governmental supervision.
What is Litecoin ?
Litecoin was released by Charlie Lee who had previously been employed by Google. According to the official website, Litecoin is a peer-to-peer Internet currency. Also, users incur close to no cost in order to make payments to anyone in the world as it is a global payment network. The entire network is embedded in mathematical logic and helps individuals take control of the way their finances are handled. Litecoin also aims to reduce the amount of time taken to process a block compared to Bitcoin. Where Bitcoin takes about ten minutes, Litecoin aims to accomplish the same in about 2.5 minutes. The maximum number of coins available via Litecoin was higher compared to Bitcoin. Also, Litecoin is capable of handling a higher transaction volume compared to Bitcoin. Litecoin made use of a different algorithm compared to Bitcoin, making it faster. Thus, in essence it is a lighter more improved version of Bitcoin.
Where to buy Litecoin ?
Litecoin (LTC) can be bought on sites like Coinbase, BitPanda, CEX.io and Bitstamp. Users can either buy litecoin on these sites using a credit or debit card or they can opt to buy other cryptocurrencies and then exchange those for litecoins. Binance and Changelly are good options for exchanging various cryptocurrencies for litecoin.
Litecoin Wallet
Litecoin also makes use of a wallet that allows the user to secure their wallet using a strong wallet encryption method. The user can access the details of the wallet including the details of transactions performed and the balance amount remaining in the wallet without making use of a password. But, in order to spend litecoins, the user has to enter a password which will then be verified. Thus, the user cannot inadvertently spend their stock of litecoins. Since a password is required to spend litecoins, there is a strong layer of protection against viruses that might take control of the system or wallet the user is employing to trade in litecoins.
Litecoin Mining
Litecoin can be mined. At present, people who mine litecoins are rewarded with 25 litecoins per mined block. The plan is to halve the number of reward litecoins every four years or for every 840,000 blocks that are mined. The total number of litecoins that will be made available will be 84 million litecoins. It is worth noting that this is a four-fold increase over the total number of units that Bitcoin aims to make available.
Litecoin Price trends
In mid-April, 2018, one litecoin was worth about $140 (USD). Historical data indicates that the price of litecoins peaked in the period leading up to December 2017 and January 2018. This was a period of gain for most cryptocurrencies since that is when there was a strong public interest in such currency as a form of investment. Then, as public interest waned, the price of litecoins also decreased with time. But what is truly surprising is that litecoin went from being valued at less than $10 (USD) to over $320 (USD) within a very short span of time. In addition to this, the price later dropped to less than $160 (USD). Thus, we can see that there was a sea change in prices within a short duration. The historical price trends for litecoin for the duration of one year is indicated in the table.
Date | Open | High | Low | Close | Volume | Market Cap |
Nov 12, 2018 | 51.48 | 51.68 | 50.47 | 50.65 | 388,194,000 | 2,994,928,763 |
Nov 11, 2018 | 52.32 | 52.47 | 50.25 | 51.36 | 410,262,000 | 3,036,594,687 |
Nov 10, 2018 | 51.93 | 52.70 | 51.84 | 52.40 | 322,713,000 | 3,097,146,196 |
Nov 09, 2018 | 52.36 | 52.72 | 51.67 | 51.90 | 386,711,000 | 3,066,513,267 |
Nov 08, 2018 | 54.19 | 54.46 | 52.37 | 52.37 | 351,857,000 | 3,094,006,430 |
Nov 07, 2018 | 56.04 | 56.16 | 53.71 | 54.19 | 385,412,000 | 3,200,474,366 |
Nov 06, 2018 | 53.70 | 55.95 | 53.48 | 55.95 | 371,534,000 | 3,259,562,075 |
Nov 05, 2018 | 53.59 | 54.71 | 53.11 | 53.55 | 398,133,000 | 3,161,333,292 |
Nov 04, 2018 | 50.99 | 55.14 | 50.82 | 53.61 | 441,533,000 | 3,164,416,254 |
Nov 03, 2018 | 51.30 | 51.36 | 50.76 | 50.97 | 325,128,000 | 3,007,885,629 |
Nov 02, 2018 | 50.34 | 51.66 | 50.32 | 51.33 | 362,726,000 | 3,028,256,022 |
Nov 01, 2018 | 49.56 | 51.03 | 49.42 | 50.27 | 321,492,000 | 2,964,981,244 |
Oct 31, 2018 | 49.34 | 49.94 | 48.32 | 49.44 | 410,734,000 | 2,915,348,345 |
Oct 30, 2018 | 49.00 | 49.48 | 48.79 | 49.24 | 295,448,000 | 2,887,799,217 |
Oct 29, 2018 | 51.83 | 52.03 | 48.65 | 49.07 | 373,076,000 | 3,054,204,570 |
Oct 28, 2018 | 52.05 | 52.17 | 51.48 | 51.94 | 335,237,000 | 3,066,355,015 |
Oct 27, 2018 | 52.13 | 52.36 | 51.77 | 51.93 | 312,308,000 | 3,070,047,775 |
Oct 26, 2018 | 52.22 | 52.48 | 51.73 | 52.10 | 292,908,000 | 3,074,810,554 |
Oct 25, 2018 | 52.49 | 52.51 | 52.06 | 52.23 | 241,117,000 | 3,089,888,051 |
Oct 24, 2018 | 52.46 | 53.01 | 52.29 | 52.52 | 291,042,000 | 3,087,306,325 |
Oct 23, 2018 | 52.24 | 52.87 | 51.94 | 52.54 | 278,025,000 | 3,073,626,002 |
Oct 22, 2018 | 52.78 | 53.11 | 52.01 | 52.20 | 263,337,000 | 3,105,086,439 |
Oct 21, 2018 | 53.43 | 53.77 | 52.71 | 52.92 | 273,510,000 | 3,142,581,401 |
Oct 20, 2018 | 53.07 | 53.46 | 52.80 | 53.36 | 258,418,000 | 3,120,212,638 |
Oct 19, 2018 | 52.55 | 53.60 | 52.24 | 53.02 | 272,130,000 | 3,089,273,466 |
Oct 18, 2018 | 53.72 | 53.99 | 52.13 | 52.53 | 296,411,000 | 3,156,909,399 |
Oct 17, 2018 | 54.26 | 54.26 | 53.09 | 53.67 | 295,022,000 | 3,188,369,110 |
Oct 16, 2018 | 54.97 | 55.48 | 53.67 | 54.07 | 281,917,000 | 3,228,721,070 |
Oct 15, 2018 | 52.17 | 57.46 | 51.91 | 54.88 | 431,765,000 | 3,063,982,050 |
Oct 14, 2018 | 53.51 | 53.84 | 52.03 | 52.19 | 242,221,000 | 3,141,598,417 |
Oct 13, 2018 | 53.46 | 54.28 | 53.21 | 53.45 | 237,333,000 | 3,137,736,209 |
Oct 12, 2018 | 50.87 | 53.82 | 50.87 | 53.55 | 280,891,000 | 2,985,455,276 |
Oct 11, 2018 | 57.98 | 57.98 | 50.99 | 51.23 | 343,098,000 | 3,401,374,732 |
Oct 10, 2018 | 58.66 | 58.66 | 57.43 | 57.98 | 358,009,000 | 3,440,890,274 |
Oct 09, 2018 | 59.45 | 59.53 | 58.21 | 58.71 | 318,545,000 | 3,485,888,879 |
Oct 08, 2018 | 58.23 | 59.82 | 57.48 | 59.41 | 347,408,000 | 3,413,814,427 |
Oct 07, 2018 | 57.93 | 58.36 | 57.21 | 58.16 | 435,270,000 | 3,395,548,147 |
Oct 06, 2018 | 58.88 | 58.92 | 57.27 | 57.84 | 375,900,000 | 3,449,817,015 |
Oct 05, 2018 | 58.33 | 59.13 | 57.67 | 58.77 | 371,790,000 | 3,417,091,206 |
Oct 04, 2018 | 57.52 | 59.05 | 57.44 | 58.28 | 343,602,000 | 3,368,882,119 |
Oct 03, 2018 | 59.58 | 59.58 | 57.08 | 57.48 | 452,464,000 | 3,488,398,355 |
Oct 02, 2018 | 60.30 | 61.25 | 59.41 | 59.71 | 444,830,000 | 3,530,057,719 |
Oct 01, 2018 | 61.10 | 61.73 | 59.74 | 60.21 | 456,583,000 | 3,575,833,193 |
Sep 30, 2018 | 61.63 | 62.39 | 60.15 | 61.14 | 463,002,000 | 3,605,714,979 |
Sep 29, 2018 | 61.64 | 62.03 | 59.49 | 61.61 | 356,028,000 | 3,605,938,631 |
Sep 28, 2018 | 63.17 | 64.42 | 60.81 | 61.90 | 459,862,000 | 3,694,341,294 |
Sep 27, 2018 | 57.45 | 64.30 | 56.92 | 62.98 | 574,277,000 | 3,358,935,258 |
Sep 26, 2018 | 57.45 | 59.62 | 56.70 | 57.40 | 294,136,000 | 3,358,146,782 |
Sep 25, 2018 | 58.02 | 58.15 | 54.74 | 57.54 | 351,579,000 | 3,390,746,706 |
Sep 24, 2018 | 61.34 | 61.34 | 57.30 | 57.97 | 296,366,000 | 3,583,790,265 |
Sep 23, 2018 | 60.55 | 63.19 | 60.00 | 61.37 | 304,888,000 | 3,536,650,635 |
Sep 22, 2018 | 60.81 | 61.71 | 57.74 | 60.44 | 298,424,000 | 3,551,269,062 |
Sep 21, 2018 | 56.78 | 62.06 | 56.46 | 60.72 | 398,550,000 | 3,314,968,599 |
Sep 20, 2018 | 54.37 | 57.15 | 53.64 | 56.63 | 260,631,000 | 3,173,459,237 |
Sep 19, 2018 | 54.02 | 54.92 | 52.26 | 54.33 | 271,642,000 | 3,152,041,510 |
Sep 18, 2018 | 52.29 | 55.10 | 51.00 | 54.10 | 296,552,000 | 3,050,639,534 |
Sep 17, 2018 | 57.02 | 57.75 | 51.85 | 52.54 | 261,325,000 | 3,325,555,080 |
Sep 16, 2018 | 56.58 | 57.37 | 55.06 | 56.97 | 253,978,000 | 3,299,168,865 |
Sep 15, 2018 | 56.34 | 58.40 | 56.18 | 56.71 | 252,020,000 | 3,284,120,510 |
Sep 14, 2018 | 54.65 | 58.44 | 53.32 | 56.58 | 336,190,000 | 3,184,827,073 |
Sep 13, 2018 | 51.88 | 55.05 | 51.76 | 54.54 | 295,074,000 | 3,022,963,505 |
Sep 12, 2018 | 52.39 | 52.41 | 47.67 | 51.66 | 290,357,000 | 3,051,719,206 |
Sep 11, 2018 | 54.61 | 54.78 | 51.08 | 52.37 | 272,379,000 | 3,180,107,654 |
Sep 10, 2018 | 54.99 | 56.07 | 53.50 | 54.60 | 251,240,000 | 3,201,828,775 |
Sep 09, 2018 | 53.27 | 56.40 | 52.72 | 54.92 | 253,320,000 | 3,100,996,124 |
Sep 08, 2018 | 56.13 | 57.61 | 52.58 | 53.24 | 223,684,000 | 3,266,162,074 |
Sep 07, 2018 | 57.34 | 58.12 | 55.51 | 56.20 | 229,626,000 | 3,336,112,275 |
Sep 06, 2018 | 58.32 | 58.32 | 54.91 | 57.49 | 351,270,000 | 3,392,254,978 |
Sep 05, 2018 | 67.67 | 68.12 | 58.44 | 58.44 | 409,226,000 | 3,934,880,105 |
Sep 04, 2018 | 65.32 | 68.98 | 65.23 | 67.71 | 308,206,000 | 3,797,429,073 |
Sep 03, 2018 | 65.82 | 66.20 | 64.32 | 65.37 | 235,034,000 | 3,825,380,407 |
Sep 02, 2018 | 65.98 | 66.90 | 64.33 | 65.65 | 265,104,000 | 3,834,196,980 |
Sep 01, 2018 | 61.74 | 67.25 | 61.74 | 65.95 | 306,586,000 | 3,586,539,202 |
Aug 31, 2018 | 60.42 | 62.25 | 59.32 | 61.93 | 265,252,000 | 3,509,223,899 |
Aug 30, 2018 | 61.77 | 62.03 | 58.92 | 60.32 | 219,094,000 | 3,586,334,101 |
Aug 29, 2018 | 63.03 | 63.39 | 60.74 | 61.77 | 220,637,000 | 3,658,762,571 |
Aug 28, 2018 | 60.23 | 63.40 | 59.62 | 63.02 | 246,764,000 | 3,495,213,551 |
Aug 27, 2018 | 57.26 | 60.42 | 56.93 | 60.25 | 228,072,000 | 3,322,225,838 |
Aug 26, 2018 | 58.05 | 58.11 | 56.24 | 57.33 | 206,572,000 | 3,367,399,961 |
Aug 25, 2018 | 57.92 | 58.21 | 57.37 | 57.91 | 187,571,000 | 3,359,086,797 |
Aug 24, 2018 | 57.60 | 58.28 | 55.95 | 57.93 | 194,676,000 | 3,339,735,942 |
Aug 23, 2018 | 55.19 | 57.81 | 54.39 | 57.54 | 205,125,000 | 3,199,198,043 |
Aug 22, 2018 | 56.66 | 59.01 | 54.38 | 55.32 | 228,893,000 | 3,283,311,296 |
Aug 21, 2018 | 53.77 | 56.80 | 53.77 | 56.35 | 187,486,000 | 3,115,224,954 |
Aug 20, 2018 | 57.91 | 58.55 | 53.98 | 54.00 | 244,192,000 | 3,353,997,581 |
Aug 19, 2018 | 57.22 | 58.74 | 56.54 | 57.94 | 204,484,000 | 3,313,462,882 |
Aug 18, 2018 | 61.56 | 62.03 | 55.80 | 57.28 | 243,057,000 | 3,563,463,493 |
Aug 17, 2018 | 55.33 | 61.51 | 55.19 | 61.51 | 263,383,000 | 3,202,237,916 |
Aug 16, 2018 | 54.54 | 57.43 | 54.51 | 55.36 | 211,779,000 | 3,155,571,817 |
Aug 15, 2018 | 54.68 | 58.95 | 54.30 | 54.50 | 282,699,000 | 3,163,069,897 |
Aug 14, 2018 | 57.00 | 57.05 | 51.16 | 54.56 | 250,440,000 | 3,296,807,676 |
Aug 13, 2018 | 59.48 | 60.60 | 56.31 | 56.85 | 223,061,000 | 3,439,377,606 |
Aug 12, 2018 | 58.22 | 61.71 | 57.96 | 59.33 | 276,383,000 | 3,365,435,195 |
Aug 11, 2018 | 59.49 | 59.80 | 55.67 | 58.36 | 259,948,000 | 3,438,106,385 |
Aug 10, 2018 | 63.98 | 64.93 | 58.86 | 59.39 | 259,781,000 | 3,696,593,391 |
Aug 09, 2018 | 62.47 | 65.58 | 61.30 | 63.98 | 270,095,000 | 3,608,822,421 |
Aug 08, 2018 | 68.16 | 68.16 | 62.14 | 62.49 | 313,187,000 | 3,936,491,327 |
Aug 07, 2018 | 74.00 | 75.23 | 68.13 | 68.17 | 299,418,000 | 4,272,623,450 |
Aug 06, 2018 | 75.06 | 76.59 | 72.79 | 73.89 | 265,134,000 | 4,332,627,259 |
Aug 05, 2018 | 73.38 | 75.00 | 72.69 | 74.59 | 265,627,000 | 4,234,412,046 |
Aug 04, 2018 | 77.42 | 77.82 | 72.76 | 73.20 | 262,765,000 | 4,466,615,542 |
Aug 03, 2018 | 76.30 | 77.57 | 74.47 | 77.54 | 298,295,000 | 4,400,933,177 |
Aug 02, 2018 | 77.71 | 78.54 | 75.61 | 76.14 | 285,466,000 | 4,481,269,783 |
Aug 01, 2018 | 80.39 | 80.73 | 76.40 | 77.86 | 301,530,000 | 4,634,665,748 |
Jul 31, 2018 | 82.69 | 82.94 | 76.81 | 79.70 | 319,362,000 | 4,766,077,935 |
Jul 30, 2018 | 84.15 | 84.71 | 80.60 | 82.85 | 313,998,000 | 4,849,456,855 |
Jul 29, 2018 | 84.05 | 85.21 | 83.38 | 84.08 | 276,696,000 | 4,842,466,816 |
Jul 28, 2018 | 84.54 | 84.63 | 82.83 | 83.62 | 279,804,992 | 4,869,081,088 |
Jul 27, 2018 | 83.73 | 85.22 | 82.04 | 84.46 | 358,798,016 | 4,821,521,408 |
Jul 26, 2018 | 86.28 | 88.02 | 83.19 | 84.03 | 286,579,000 | 4,966,810,000 |
Jul 25, 2018 | 88.66 | 89.92 | 85.41 | 86.28 | 310,157,000 | 5,102,440,000 |
Jul 24, 2018 | 82.68 | 89.29 | 81.93 | 89.29 | 440,573,000 | 4,757,310,000 |
Jul 23, 2018 | 83.23 | 86.05 | 82.31 | 82.43 | 296,071,000 | 4,787,580,000 |
Jul 22, 2018 | 84.26 | 84.63 | 82.87 | 83.16 | 245,917,000 | 4,845,890,000 |
Jul 21, 2018 | 82.66 | 85.25 | 80.67 | 84.46 | 246,153,000 | 4,752,440,000 |
Jul 20, 2018 | 86.68 | 86.68 | 82.42 | 82.75 | 287,448,000 | 4,982,580,000 |
Jul 19, 2018 | 86.90 | 88.83 | 85.79 | 86.67 | 307,786,000 | 4,993,770,000 |
Jul 18, 2018 | 89.82 | 93.65 | 86.03 | 86.96 | 375,429,000 | 5,160,440,000 |
Jul 17, 2018 | 84.30 | 90.31 | 83.00 | 89.81 | 341,836,000 | 4,842,040,000 |
Jul 16, 2018 | 78.96 | 84.60 | 78.21 | 84.60 | 307,904,000 | 4,533,970,000 |
Jul 15, 2018 | 76.70 | 79.65 | 76.02 | 78.94 | 230,467,000 | 4,403,320,000 |
Jul 14, 2018 | 76.97 | 77.54 | 76.18 | 76.72 | 197,776,000 | 4,417,610,000 |
Jul 13, 2018 | 77.29 | 78.43 | 76.11 | 76.94 | 256,038,000 | 4,434,770,000 |
Jul 12, 2018 | 78.59 | 78.59 | 75.31 | 76.81 | 267,397,000 | 4,508,380,000 |
Jul 11, 2018 | 76.13 | 80.80 | 76.07 | 78.70 | 284,915,000 | 4,365,970,000 |
Jul 10, 2018 | 80.78 | 80.88 | 75.38 | 76.08 | 321,614,000 | 4,631,730,000 |
Jul 09, 2018 | 82.54 | 83.26 | 80.75 | 80.86 | 263,326,000 | 4,731,470,000 |
Jul 08, 2018 | 86.26 | 86.68 | 82.18 | 82.40 | 239,655,000 | 4,943,290,000 |
Jul 07, 2018 | 83.40 | 86.20 | 80.70 | 86.20 | 238,937,000 | 4,778,260,000 |
Jul 06, 2018 | 83.84 | 84.60 | 81.32 | 83.38 | 253,160,000 | 4,801,850,000 |
Jul 05, 2018 | 85.65 | 86.67 | 82.54 | 83.76 | 306,122,000 | 4,904,710,000 |
Jul 04, 2018 | 85.17 | 89.12 | 84.02 | 85.49 | 282,222,000 | 4,876,070,000 |
Jul 03, 2018 | 85.39 | 89.28 | 84.73 | 85.10 | 343,901,000 | 4,887,240,000 |
Jul 02, 2018 | 80.27 | 86.27 | 78.69 | 85.26 | 302,471,000 | 4,593,140,000 |
Jul 01, 2018 | 81.50 | 81.61 | 78.36 | 80.24 | 343,402,000 | 4,662,740,000 |
Jun 30, 2018 | 78.95 | 83.24 | 78.95 | 81.37 | 276,550,000 | 4,515,210,000 |
Jun 29, 2018 | 74.81 | 80.18 | 73.17 | 78.77 | 309,339,000 | 4,277,420,000 |
Jun 28, 2018 | 80.63 | 81.04 | 74.44 | 74.93 | 263,414,000 | 4,608,940,000 |
Jun 27, 2018 | 76.93 | 81.34 | 75.86 | 80.66 | 274,128,000 | 4,396,790,000 |
Jun 26, 2018 | 81.82 | 82.50 | 76.85 | 76.87 | 258,433,000 | 4,674,780,000 |
Jun 25, 2018 | 80.37 | 86.07 | 79.02 | 81.83 | 458,366,000 | 4,590,840,000 |
Jun 24, 2018 | 82.74 | 83.39 | 74.29 | 80.78 | 449,885,000 | 4,725,190,000 |
Jun 21, 2018 | 97.88 | 98.87 | 96.36 | 96.93 | 261,544,000 | 5,585,770,000 |
Jun 20, 2018 | 98.96 | 99.20 | 95.97 | 97.99 | 261,392,000 | 5,645,730,000 |
Jun 19, 2018 | 98.73 | 100.82 | 97.40 | 98.84 | 284,982,000 | 5,631,290,000 |
Jun 18, 2018 | 95.77 | 99.81 | 93.91 | 98.82 | 282,938,000 | 5,461,460,000 |
Jun 17, 2018 | 97.72 | 98.66 | 95.53 | 96.10 | 242,331,000 | 5,570,890,000 |
Jun 16, 2018 | 96.58 | 98.35 | 93.97 | 97.58 | 259,325,000 | 5,504,580,000 |
Jun 15, 2018 | 101.12 | 101.12 | 95.60 | 96.68 | 293,285,000 | 5,761,820,000 |
Jun 14, 2018 | 93.99 | 102.42 | 93.61 | 101.15 | 367,742,000 | 5,354,700,000 |
Jun 13, 2018 | 100.80 | 102.42 | 93.61 | 101.15 | 367,742,000 | 5,354,700,000 |
Jun 12, 2018 | 107.43 | 108.06 | 99.37 | 100.75 | 333,163,000 | 6,116,840,000 |
Jun 11, 2018 | 106.54 | 108.85 | 104.12 | 107.52 | 331,430,000 | 6,064,930,000 |
Jun 10, 2018 | 117.56 | 117.56 | 104.08 | 107.04 | 399,890,000 | 6,690,700,000 |
Jun 09, 2018 | 120.11 | 121.03 | 117.74 | 117.74 | 242,235,000 | 6,833,840,000 |
Jun 08, 2018 | 121.52 | 121.95 | 118.70 | 120.08 | 285,831,000 | 6,912,170,000 |
Jun 07, 2018 | 121.34 | 123.18 | 119.62 | 121.43 | 365,670,000 | 6,900,220,000 |
Jun 06, 2018 | 121.89 | 122.14 | 118.56 | 121.18 | 324,158,000 | 6,929,530,000 |
Jun 05, 2018 | 119.90 | 122.01 | 116.44 | 121.70 | 300,892,000 | 6,814,300,000 |
Jun 04, 2018 | 125.21 | 126.33 | 118.73 | 119.9 | 299,781,000 | 7,114,600,000 |
Jun 03, 2018 | 123.28 | 127.37 | 122.37 | 125.50 | 322,787,000 | 7,003,430,000 |
Jun 02, 2018 | 119.83 | 123.89 | 118.95 | 123.31 | 310,800,000 | 6,805,430,000 |
Jun 01, 2018 | 118.03 | 120.20 | 117.12 | 119.92 | 290,886,000 | 6,701,530,000 |
May 31, 2018 | 117.32 | 120.59 | 116.64 | 118.07 | 297,183,000 | 6,659,590,000 |
May 30, 2018 | 119.54 | 122.38 | 116.02 | 117.53 | 305,275,000 | 6,784,180,000 |
May 29, 2018 | 111.84 | 121.96 | 110.90 | 119.57 | 350,520,000 | 6,345,820,000 |
May 28, 2018 | 117.93 | 119.08 | 111.48 | 111.60 | 295,723,000 | 6,689,480,000 |
May 27, 2018 | 118.50 | 118.85 | 116.99 | 117.99 | 258,727,000 | 6,720,320,000 |
May 26, 2018 | 119.35 | 122.25 | 117.87 | 118.28 | 275,851,000 | 6,766,700,000 |
May 25, 2018 | 122.56 | 124.20 | 117.82 | 119.44 | 297,743,000 | 6,946,970,000 |
May 24, 2018 | 119.19 | 124.37 | 115.89 | 122.61 | 345,858,000 | 6,754,480,000 |
Risks associated with litecoins
As can be seen from the table containing the historical data, it is noticeable that it has had a very high volatility. This makes it a risky investment for those looking to make a safe investment. Thus, it is recommended that people invest in traditional investment avenues like mutual funds instead of spending money on buying cryptocurrencies. As with all cryptocurrencies, litecoin also runs the risk of being banned or prohibited by a number of governments and other regulatory bodies.
Litecoin Recent News and Developments
- The price of Litecoin (LTC) token has not witnessed a discernible bull run since the months of December and January. In that period, the price of 1 LTC token soared up to be valued at more $330 from a mere $80 in a matter of one month. In January, the price started to go down, signalling the start of a broader bear run. By early February, the price had dipped below the $150 mark.
- However, in mid-February, the Litecoin token staged a small recovery to reach its previous level above the $200 mark. Once again, this rise was followed by another gradual drop. This pattern of ups and downs was seen over the course of the next few weeks. Eventually, the Litecoin cryptocurrency descended below the $100 mark in late June and failed to rise noticeably thereafter. In September, it went below the $60 mark and through the course of October, the token was mainly valued at levels close to $55
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