Bitcoin Price Index XBX
Litecoin's price today is around $109, down from recent highs as crypto remains relatively volatile. The cryptocurrency's price has gone up and fallen over the years, with the price swings often succeeded by periods of consolidation and accumulation from the speculative market. Litecoin stock price Litecoin (LTC) is among the first so-called “altcoins” – alternatives to Bitcoin. As one of the first spinoffs from the Bitcoin blockchain, it was launched in October 2011. The coin was initially valued at a few cents, and it largely traded below $5 until the first cryptocurrency rally in 2017, when it reached $375. The price has since been volatile, dropping as low as $23 and soaring to an all-time high of $412.96 in 2021. Why is Litecoin down from the highs?
Litecoin cost
When Litecoin was first introduced in 2011, two years after Bitcoin, it quickly gained a following and reached a price-per-coin of $0.30. By the middle of November 2013, Litecoin price had climbed up over $4, and then in the space of less than a fortnight, it shot up more than 1,000% to peak at around $50. This was followed, however, by a similarly sudden crash back down to below $10 and the previous high wouldn’t be revisited for some years. Litecoin Price History As more people join the Litecoin market, the price goes up over time. Buying LTC is simple—all you have to do is create an account on an exchange using an email address and identification. As a nascent market, Litecoin price fluctuates. With a circulation limit of 84 million LTC, the prediction for Litecoin's market says that prices will increase over time, especially as the demand grows.
Price Volatility
Launched in the year 2011, Litecoin is an alternative cryptocurrency based on the model of Bitcoin. Charlie Lee, a MIT graduate and former Google engineer, is Litecoin's creator. Litecoin is based on an open source global payment network that is not controlled by any central authority. Litecoin differs from Bitcoins in aspects like faster block generation rate and use of scrypt as a proof of work scheme. Technical levels A major looming catalyst for the cryptocurrency has thus far failed to do much to lift its price.