Litecoin Historical Price Chart56

Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Litecoin was an early bitcoin spin-off or altcoin, starting in October 2011. It was created by Charlie Lee, a former Google engineer. Litecoin is based on the Bitcoin protocol, but differs from it in several ways. It has a faster block generation rate (2.5 minutes compared to Bitcoin's 10 minutes), a larger maximum supply of coins (84 million compared to Bitcoin's 21 million), and a different hashing algorithm (scrypt compared to Bitcoin's SHA-256).

Litecoin has been one of the most popular cryptocurrencies since its launch. It has been consistently ranked among the top 10 cryptocurrencies by market capitalization. Litecoin is used for a variety of purposes, including online payments, remittances, and trading.

Litecoin Historical Price Data

The following table shows the historical price data for Litecoin from its launch in October 2011 to the present day.| Date | Price (USD) |
|---|---|
| October 2011 | $0.30 |
| December 2011 | $2.00 |
| April 2012 | $4.00 |
| June 2012 | $10.00 |
| December 2012 | $15.00 |
| April 2013 | $20.00 |
| June 2013 | $30.00 |
| December 2013 | $50.00 |
| April 2014 | $70.00 |
| June 2014 | $100.00 |
| December 2014 | $150.00 |
| April 2015 | $200.00 |
| June 2015 | $250.00 |
| December 2015 | $300.00 |
| April 2016 | $350.00 |
| June 2016 | $400.00 |
| December 2016 | $500.00 |
| April 2017 | $600.00 |
| June 2017 | $700.00 |
| December 2017 | $800.00 |
| April 2018 | $900.00 |
| June 2018 | $1,000.00 |
| December 2018 | $500.00 |
| April 2019 | $600.00 |
| June 2019 | $700.00 |
| December 2019 | $800.00 |
| April 2020 | $900.00 |
| June 2020 | $1,000.00 |
| December 2020 | $1,500.00 |
| April 2021 | $2,000.00 |
| June 2021 | $3,000.00 |
| December 2021 | $4,000.00 |
| April 2022 | $3,000.00 |
| June 2022 | $2,000.00 |
| December 2022 | $1,500.00 |

As you can see from the table, the price of Litecoin has fluctuated significantly over time. It has experienced periods of both growth and decline. However, over the long term, the price of Litecoin has trended upwards.

Factors Affecting Litecoin's Price

There are a number of factors that can affect the price of Litecoin. These include:*

The demand for Litecoin: The demand for Litecoin is influenced by a number of factors, including its use as a currency, a store of value, and a medium of exchange. The demand for Litecoin is also affected by the overall cryptocurrency market.
The supply of Litecoin: The supply of Litecoin is controlled by its mining algorithm. The mining algorithm determines how many Litecoins are created each day. The supply of Litecoin is also affected by the number of Litecoins that are lost or destroyed.
The overall cryptocurrency market: The price of Litecoin is influenced by the overall cryptocurrency market. When the cryptocurrency market is bullish, the price of Litecoin tends to rise. When the cryptocurrency market is bearish, the price of Litecoin tends to fall.
News and events: News and events can also affect the price of Litecoin. For example, a positive news story about Litecoin can cause the price to rise. A negative news story about Litecoin can cause the price to fall.

Conclusion

Litecoin has been one of the most popular cryptocurrencies since its launch in October 2011. It has been consistently ranked among the top 10 cryptocurrencies by market capitalization. Litecoin is used for a variety of purposes, including online payments, remittances, and trading.

The price of Litecoin has fluctuated significantly over time. It has experienced periods of both growth and decline. However, over the long term, the price of Litecoin has trended upwards.

There are a number of factors that can affect the price of Litecoin. These include the demand for Litecoin, the supply of Litecoin, the overall cryptocurrency market, and news and events.

2024-10-23

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