Litecoin LTC/USD price history up until Nov 7, 2024

The Litecoin cryptocurrency peaked in both 2017 and 2020 - reaching prices worth around 250 dollars - but did not reach this by 2022. As of November 7, 2024, one Litcoin token was worth 71.49 U.S. dollars. Litecoin's price was relatively volatile in recent years, revealing high price swings between months.

What is a cryptocurrency?

Cryptocurrencies are digital currencies that do not have a centralized regulating authority. The first of these, Bitcoin, introduced a technology called blockchain, in which a distributed ledger records every transaction on every bitcoin in circulation to prevent fraud. Litecoin also uses this technology. To accommodate the demands of constant ledger updates, users sell computational power in exchange for an amount of Litecoin, a process known as mining.

More about Litecoin

Cryptocurrencies are still emerging technology, and few are using them for transactions. As such, most users are speculators who look at the value of all coins in circulation as the market capitalization rather than money supply. Still, the average number of Litecoin transactions ranges in the tens of thousands, meaning that the cryptocurrency has a substantial financial footprint.