Litecoin is a peer-to-peer payment system with a cryptocurrency of the same name. It works on its own blockchain, which keeps a record of all LTC transactions. The distributed network is supported by miners and full nodes.
Litecoin was created by programmer Charles Lee, a former engineer at Google and Coinbase. He announced and launched the project in October 2011. Mr Lee developed his own blockchain from scratch, borrowing only open-source code and ideas from Bitcoin. The internal processes are organised similarly, but certain improved features distinguish Litecoin. These include:
Litecoin became the third ever cryptocurrency (after Bitcoin and Namecoin) and the second ever altcoin. The coin’s smallest indivisible unit (one hundred millionth) is called a litoshi, in a nod to bitcoins’ satoshi. The issue is limited to 84 million coins, of which 66.8 million are already in circulation.
If you are looking for a cheaper place to buy litecoin, our cryptocurrency platform will help you. It includes a simplified exchanger, so the transaction will not cause any difficulties. With its help, you can just as easily sell litecoin at a competitive price. For professional traders, we have a full-fledged trading interface, and you can use it to profit from the litecoin exchange rate with different strategies. In addition, Litecoin is many times faster and more economical than bitcoin when conducting payments and transfers.
All over the world, the US dollar is considered the main clearing currency, so it is easiest to monitor the exchange rates of other currencies against the dollar. And in the world of cryptocurrencies, it has been successfully superseded by USDT, Tether’s cryptographic analogue of the dollar. Based on the fact that 1 USDT is worth 1 USD, the LTC/USDT trading pair can be considered the major tool for monitoring both the price of litecoin online and the state of the cryptocurrency market.
Litecoin price chart on the Polyx exchange: https://polyx.net/account/trade/LTC-USDT
If you need litecoins, you can buy them not only for USDT, but also for BTC. In other words, exchange bitcoin for litecoins.
Chart of the price of LTC in BTC on Polyx: https://polyx.net/account/trade/LTC-BTC
Open of the year: 124.67 USDT.
High of the year (10 May): 412.96 USDT.
Low of the year (20 July): 104.33 USDT.
Online chart of Litecoin price:
If you choose Polyx, you need to deposit a cryptocurrency. With USDT, BTC, ETH, or BCH on your balance, you can immediately start buying LTC. For those who want to buy litecoins instantly, we suggest using the exchanger’s simple interface. This requires minimal effort: select the cryptocurrency to be given, enter the amount, select the cryptocurrency to be received (LTC), and click on ‘Exchange.’
For experienced users and professional traders, our advanced interface is the best way to buy Litecoin cryptocurrency. All the functionality of the exchange will be available here: creating and executing orders, chart, and buying or selling litecoins by limit. Moreover, each currency pair has its own trading page with DOM and history.