$LTC The basic information about Litecoin (LTC) is as follows:

• Origin and Technology: Litecoin was created by former Google engineer Charlie Lee in 2011. It is developed based on Bitcoin's open-source code but includes certain upgrades, such as a faster block generation rate and the introduction of a new proof-of-work (PoW) mining algorithm called Scrypt.

• Transaction Type: Similar to Bitcoin, Litecoin adopts a proof-of-work (PoW) mining consensus mechanism using the Scrypt algorithm, which is different from Bitcoin's SHA-256 algorithm.

• Mining Structure: The mining process of Litecoin is similar to that of Bitcoin. Miners gain the right to add the next transaction block to the Litecoin network by solving computationally intensive mathematical problems. The mining reward for Litecoin is halved every four years, with an initial reward of 50 LTC; the first halving occurred in 2015, and it was halved again in 2019 to 12.5 LTC.

• Supply: The maximum supply of Litecoin is 84 million coins, which is larger compared to Bitcoin's 21 million coins.

• Market Performance: According to the latest data, Litecoin's market capitalization ranks 21st, with a market cap of approximately $9 billion, a 24-hour trading volume of about $260 million, and a price increase of 18.40% over the past 24 hours, with a price of $120.82.

• Historical Highest Price: The highest price of Litecoin in history was $388.80, and the current price has dropped by 68.92% compared to the historical peak.

• Price Dynamics: The price of Litecoin has fluctuated recently, with the price increasing from $107.07 to $122.02 within the day, showing a daily increase of 3.06%, with a trading volume of $3.5 billion.

• Trading Volume: The 24-hour trading volume of Litecoin has varied over time, ranging from $1.115 billion to $3.5 billion, indicating changes in market activity.