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LTC

Litecoin was one of the first cryptocurrencies to be released after Bitcoin. Launched in 2011 by Charlie Lee, Litecoin is intended to be the “digital silver” to Bitcoin’s digital gold. Litecoin has four times greater supply (a total of 84 million LTC, against 21 million BTC) and four times faster blocks (2.5 minutes instead of 10 minutes). Its mining algorithm, Scrypt, was designed to be more accessible for everyday users, and was harder to develop specialist chips to mine.

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Crypto is better than bills

What is LTC?

Litecoin became established early on and remains one of the most popular and liquid cryptocurrencies, with a large trading and mining community. Because it is faster than Bitcoin and fees are lower, it is more suited to using for small transactions. Litecoin’s developers have also been quick to implement new technologies, such as SegWit, providing both new functionality for users and a test-case for Bitcoin and other cryptocurrencies. Litecoin is traded on a very large number of exchanges, and continues to be one of the most valuable cryptocurrencies by total market cap.

0.008419 LTC = 1 AUD

LTC LTC	AUD Australian Dollar
0.01 LTC	1.1877 AUD
0.1 LTC	11.8773 AUD
1 LTC	118.7727 AUD
2 LTC	237.5455 AUD
3 LTC	356.3182 AUD
5 LTC	593.8636 AUD
10 LTC	1187.7273 AUD
20 LTC	2375.4546 AUD
50 LTC	5938.6364 AUD
100 LTC	11877.2728 AUD
1000 LTC	118772.7277 AUD