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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.

0.008292 LTC = 1 AUD

LTC LTC	AUD Australian Dollar
0.01 LTC	1.2060 AUD
0.1 LTC	12.0599 AUD
1 LTC	120.5985 AUD
2 LTC	241.1970 AUD
3 LTC	361.7955 AUD
5 LTC	602.9926 AUD
10 LTC	1205.9851 AUD
20 LTC	2411.9702 AUD
50 LTC	6029.9256 AUD
100 LTC	12059.8512 AUD
1000 LTC	120598.5116 AUD