Here are some key facts about Litecoin $LTC coin:
Basic Information
1. _Token Symbol_: LTC
2. _Token Type_: Cryptocurrency
3. _Blockchain_: Litecoin
4. _Consensus Mechanism_: Proof of Work (PoW), using the Scrypt hashing algorithm
Tokenomics
1. _Total Supply_: 84 million LTC
2. _Circulating Supply_: Approximately 71.7 million LTC
3. _Block Reward_: 12.5 LTC per block (halved every 840,000 blocks)
4. _Block Time_: 2.5 minutes
History
1. _Founded_: October 2011 by Charlie Lee
2. _Launched_: October 7, 2011
3. _Forked from_: Bitcoin (BTC)
Use Cases
1. _Fast and Low-Cost Transactions_: Litecoin is designed for fast and low-cost transactions, making it suitable for everyday use.
2. _Decentralized Finance (DeFi)_: Litecoin can be used in DeFi applications, such as lending and borrowing.
3. _Cross-Border Payments_: Litecoin's fast transaction processing time and low fees make it a viable option for cross-border payments.
Market Data
1. _Market Capitalization_: Approximately $4.6 billion USD
2. _All-Time High_: $412.96, reached on May 10, 2021
3. _All-Time Low_: $1.11, reached on January 14, 2015