What is LTC?
GUIDE
What is LTC?
LTC is Litecoin — the cryptocurrency. It's not a stock. It's not LTCN. Here's the clear, short version.
LTC is the ticker symbol for Litecoin, a peer-to-peer cryptocurrency launched in 2011 by Charlie Lee. LTC is a digital asset that trades on cryptocurrency exchanges — not a publicly traded stock on Nasdaq or NYSE. LTC is also not the same as LTCN, which is the Grayscale Litecoin Trust, a publicly traded share on OTC Markets that holds LTC for investors. This page disambiguates LTC from similar tickers and summarizes what LTC is in plain terms.
Launched 2011
October 13, 2011, by Charlie Lee (former Google engineer). One of the oldest actively maintained cryptocurrencies.
2.5-minute blocks
Four times faster than Bitcoin's 10-minute block time. Transactions confirm quickly and predictably.
Scrypt mining
Different hashing algorithm from Bitcoin's SHA-256. Requires specialized scrypt ASICs for profitable mining.
84 million supply cap
Four times Bitcoin's 21 million cap. Halves every 840,000 blocks (~4 years). Previous halvings: 2015, 2019, 2023.
MWEB privacy
Confidential transactions via the MWEB extension block — Litecoin's opt-in privacy layer, activated 2022.
Listed everywhere
LTC is listed on essentially every major cryptocurrency exchange — Coinbase, Kraken, Binance, Bitstamp, Gemini, and hundreds more.
