Litecoin has a price of $ 53.51 with a marketcap of $ 3.78 B. It ranks number 20 of all cryptocurrencies.
Litecoin is a peer-to-peer cryptocurrency created by Charlie Lee, a former Google employee, in 2011. The currency was created based on the Bitcoin protocol, but it is different in terms of the hashing algorithm used, hard cap, block transaction times and a few other factors. Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Network of Litecoin went live five days later on Oct. 13, 2011.
Charlie Lee intention behind Litecoin was to create a “lite version of Bitcoin,” and its developers have always stated that Litecoin can be seen as the “silver” to Bitcoin’s “gold.” Litecoin differs from Bitcoin in its prioritization of transaction confirmation speed, which is about 2.5 minutes per block.
Litecoin is accepted at a variety of merchants, you can see an list on the website of the Litecoin Foundation.