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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.

LTC FAQ

No. LTC is a cryptocurrency — a digital asset that trades on cryptocurrency exchanges like Coinbase and Kraken, not on stock exchanges like Nasdaq or NYSE. You cannot buy LTC through a traditional broker account directly; you need a cryptocurrency exchange or a crypto-supporting broker.

Download Lite Walletv3.16.0

Self-custody your LTC.