Overview of Litecoin (LTC)
Litecoin (LTC) is a peer-to-peer cryptocurrency inspired by Bitcoin (BTC) but designed for faster transactions (2.5-minute average confirmation time) and consumer-grade mining accessibility. Created by MIT graduate and former Google engineer Charlie Lee in 2011, Litecoin has a maximum supply of 84 million coins.
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Litecoin Historical Price Data (June-July 2025)
| Date | Open Price ($) | High ($) | Low ($) | Close ($) | Volume ($) | Daily Change |
|---|---|---|---|---|---|---|
| 2025-07-01 | 85.98 | 86.78 | 82.49 | 83.24 | 378,604,364 | -3.19% |
| 2025-06-30 | 87.99 | 88.25 | 84.93 | 85.98 | 350,978,484 | -2.28% |
| 2025-06-29 | 86.30 | 88.36 | 85.93 | 87.99 | 277,905,455 | +1.96% |
| 2025-06-28 | 84.83 | 87.34 | 84.66 | 86.30 | 274,366,872 | +1.73% |
| 2025-06-27 | 84.29 | 85.60 | 83.31 | 84.83 | 320,633,032 | +0.64% |
| 2025-06-26 | 84.67 | 85.89 | 84.00 | 84.29 | 341,637,057 | -0.45% |
Table shows 30-day price movement with key support/resistance levels
Key Events in Litecoin History
Technical Milestones
- 2019/08/06: Second mining reward halving (25 → 12.5 LTC)
- 2017/06/21: Lightning Network implementation
- 2016/07/03: Roadmap release featuring SegWit and smart contracts
Market Performance
- 2017/12/19: All-time high price of $375
- 2017/05/01: Entered top 5 cryptocurrencies by market cap
Foundational Events
- 2011/10/07: Initial client release on GitHub
- 2015/08/26: First mining reward halving (50 → 25 LTC)
Litecoin Market Analysis
Price Trends
The 2025 data reveals:
- Consistent trading between $80-$88 support/resistance levels
- Notable 6.21% single-day gain on June 23rd
- Increasing volume during price rallies
Mining Economics
With two completed halvings:
- Current block reward: 12.5 LTC
- Next halving estimated: August 2023 (reward to 6.25 LTC)
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FAQs About Litecoin
Q: How does Litecoin differ from Bitcoin?
A: Faster block generation (2.5 mins vs 10 mins), different hashing algorithm (Scrypt vs SHA-256), and higher total supply (84M vs 21M).
Q: When was Litecoin's ATH?
A: December 19, 2017 at $375 during the crypto bull run.
Q: Is Litecoin inflationary?
A: No, it's deflationary with a capped supply, though mining rewards decrease over time.
Q: What's Litecoin's transaction speed?
A: Average 2.5-minute confirmation time vs Bitcoin's 10 minutes.
Q: Who created Litecoin?
A: Charlie Lee, former Google engineer and MIT graduate.
Q: How often do halvings occur?
A: Approximately every 4 years (840,000 blocks).
Conclusion
This analysis demonstrates Litecoin's evolution as both a technological project and traded asset. Its consistent developer activity and predictable monetary policy make it unique among altcoins. The historical data reveals patterns that may inform future price movements, especially around halving events.