Buy Litecoin (LTC): value and trend

Why buy Litecoin (LTC)

You might consider buying Litecoin (LTC) for several reasons. First, it is the second-longest-standing cryptocurrency on the market, recognised as the first altcoin ever created. Since its inception in 2011, Litecoin has proven to be one of the most robust cryptocurrencies. The Litecoin blockchain was designed to serve as a more scalable alternative to Bitcoin, featuring faster block creation times, resulting in quicker transactions. Specifically, Litecoin can mine a block in about 2.5 minutes, while Bitcoin requires at least 10 minutes.

Additionally, Litecoin fulfils a specific purpose: it allows users to make small payments quickly, cheaply, and securely. Another important factor to consider is scarcity. Similar to Bitcoin, the total supply of LTC is capped; no more than 84 million Litecoins will be issued.

LTC price performance

In 2024, Litecoin (LTC) went through a year of significant price fluctuations and developments. For much of 2024, the price of LTC remained below USD 100, reflecting an uncertain market, until a strong rally in December that pushed the cryptocurrency above this threshold. Overall, Litecoin rose 41% year-on-year, ending the year positively. Among key events, it continued to feel the effects of the halving in August 2023, which reduced the reward per block from 12.5 to 6.25 LTC, impacting supply and potential price. The consolidation above USD 100 maintained in early 2025 and the growing interest in the network suggest a positive outlook for the project’s future.

What is Litecoin (LTC) and how it was born

As mentioned in the section on reasons to buy Litecoin, LTC is the first altcoin ever created. Launched in 2011, Litecoin was developed by Charlie Lee, a software engineer who left his job at Google to focus entirely on this project. By November 2013, just two years later, Litecoin achieved significant success with a market capitalisation of $1 trillion. Lee’s vision was to promote microtransactions and establish Litecoin as the “silver” to Bitcoin’s “gold.”

Because of its origins, the Litecoin protocol is often described as a ‘clone’ of Bitcoin. It was developed using Bitcoin’s source code to overcome some of Bitcoin’s limitations regarding scalability and transaction validation speed. Litecoin continues to operate effectively fourteen years after its launch, and its market capitalisation remains upward.

In summary, consider buying Litecoin (LTC) because it is the most viable alternative to Bitcoin. The code is nearly identical, and the network has been active for over twelve years.