Litecoin to US Dollar Exchange Rate

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= $ 351.7500

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Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Litecoin’s history

2017 was a busy year for Litecoin (LTC). In the year up to December 24, 2017, LTC saw a 9,000% increase in price. Hovering at around the $4 mark until April of that year, LTC then saw its price increase significantly, peaking at $375 on December 19, 2017.

Litecoin was created in 2011 by former Google employee Charlie Lee, and he has led the LTC development community ever since. On December 20, 2017, Lee shocked the cryptocurrency world when he announced the sale of his LTC holdings on a popular cryptocurrency forum. Not only did this create worry with those who owned LTC, but it also came just a day after LTC’s all-time high.

Compare cryptocurrency wallets

Name Product Wallet Type Supported Cryptocurrencies Price (USD) Disclaimer
Ledger Nano X Wallet
Hardware
BTC, ETH, XRP, BCH, ADA, LTC, BNB, EOS, XTZ, XLM & 1,350+ more
$119
The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than its big brother, the Nano S.
Ledger Nano S Wallet
Hardware
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA & 1,330+ more
$59
Securely store some of the world's leading cryptocurrencies on the Ledger Nano S hardware wallet.
KeepKey Wallet
Hardware
BTC, BCH , DASH, DOGE, ETH, LTC, NMC
$49
Protect your digital assets from hackers with the virus- and malware-proof KeepKey hardware wallet.
Atomic Wallet
Desktop Client
BTC, LTC, ETH, TRX, DGB, QTUM, XLM, ZEC, XRP, BCH and 150+ more
Free download
Store, buy and sell 130+ cryptocurrencies using Atomic Wallet's in-built atomic swap exchange.
TREZOR One Wallet
Hardware
BTC, ETH, BCH, LTC, LINK, XLM, HT, USDC, DASH & 1280+ more
$59.90
TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.
TREZOR Model T Wallet
Hardware
BTC, ETH, XRP, USDT, BCH, LTC, EOS, XTZ, LINK, XLM & 1380+ more
$179
The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.
Sugi Wallet
Hardware
BTC, ETH, LTC, XRP, BCH, ERC20
$72
A NFC cryptocurrency wallet card with a mobile app that supports major cryptos and select ERC20 tokens.
MetaMask Wallet
MetaMask Wallet
Web, Mobile
ETH
Free download
A popular Ethereum wallet, MetaMask provides private key protection for sending and storing Ether.
LoafWallet
LoafWallet
Mobile
LTC
Free download
Developed by the creators of Litecoin, LoafWallet allows you to securely store Litecoin on iOS and Android.
LiteVault Wallet
LiteVault Wallet
Web
LTC
Free download
Store, send and receive LTC via the open source, web-based LiteVault wallet.
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Where to buy, sell and exchange cryptocurrency

Name Product Deposit methods Fiat Currencies Cryptocurrencies
eToro USA LLC Cryptocurrency Trading
Wire transfer, Online banking
USD

19
cryptocurrencies

Disclaimer: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal.

Copy the trades of leading cryptocurrency investors on this unique social investment platform. Non-US residents can read our review of eToro's global site here.
Robinhood Cryptocurrency Exchange
Bank transfer, Cash, Debit card
USD

17
cryptocurrencies

Trade a handful of leading cryptocurrencies with this easy to use mobile app.
Coinbase Digital Currency Exchange
Bank transfer (ACH), Credit card, Debit card, Bank transfer (SEPA), Wire transfer
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

50
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Gemini Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, CAD, EUR, GBP, SGD, HKD

40
cryptocurrencies

Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
Crypto.com App (GX)
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

74
cryptocurrencies

Get 0% fees on credit/debit card purchases for 30 days after signup.
Buy 80+ cryptocurrencies, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Webull Cryptocurrency Exchange
Bank transfer (ACH), Wire transfer
EUR, GBP, USD, CHF, JPY, CAD, HKD, INR, CNY, AUD

5
cryptocurrencies

Trade a handful of leading cryptocurrencies on this mobile app with as little as $1 per trade, plus access to stocks and ETFs.
FTX.US Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Wire transfer
USD, AUD, EUR, CAD, GBP, SGD

19
cryptocurrencies

Enjoy the local version of the FTX exchange which offers a range of leading cryptocurrencies, up to 10x leverage, access to global liquidity and benefits for FTT token holders.
KuCoin Cryptocurrency Exchange
Cryptocurrency, Interac e-Transfer, PayPal, Wire transfer, Credit or Debit Card
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

211
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
CEX.IO Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, SWIFT, SEPA, Faster Payments (FPS)
USD, EUR, GBP, RUB

22
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Coinmama Cryptocurrency Marketplace
Bank transfer, Credit card, Debit card, SWIFT, SEPA
USD, EUR, AUD, CAD, GBP, JPY

10
cryptocurrencies

Founded in 2013, CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery.
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Considerations for LTC’s growth

Despite Litecoin’s founder selling his stake, the cryptocurrency’s development has been managed quite successfully. The technology that supports LTC is very similar to bitcoin, but the developers made changes that allow LTC to achieve faster transaction speeds and reduced transaction costs. When using the best technology, transactions become almost instant anywhere in the world.

More efficient transactions have two effects on LTC’s price growth: mining the cryptocurrency becomes more profitable, which generates more efficient transaction speeds, and as transaction speeds increase and transaction costs are reduced, businesses and individuals have the ability to settle everyday transactions. This means that it’s easier to use LTC as the currency has become more widespread.

The better transaction speeds and lower transaction costs occurred alongside a very effective marketing campaign. These have all been major factors in LTC’s adoption into the world’s busiest cryptocurrency exchanges. In May 2017, Coinbase and Bithumb both announced their decision to list LTC on their exchanges. Being the two largest exchanges in the world, these events, more than any other, have driven the rise in the price of LTC.

LTC’s market capitalization, market cap for short, is the strongest measure of LTC’s performance. Market cap is worked out by multiplying the total mined LTC by its price. LTC’s market cap has jumped from just over $340 million on April 1, 2017, prior to its programming upgrades and major listing announcements, to as high as $20 billion on December 19, 2017. That equals a 5,782% increase, which is a noteworthy figure considering 61,000 units, or three-quarters of total minable LTC, have already been mined.

What needs to be considered before buying Litecoin?

Only a total of 84 million units of LiteCoin can be mined into existence, which is 63 million units more than bitcoin’s 21 million minable units. The extra 63 million minable units of LTC was probably intended to give the cryptocurrency greater price stability. However, this was not the case and LTC began to experience greater price swings. This had to be expected in a cryptocurrency market that in 2017 saw the value of all cryptocurrencies increase from just under $18 billion to over $650 billion.

As well as upward pressure on price and market cap, there has also been pressure on transaction costs for LTC. This is a threat to the long-term prospects of LTC as a currency and as an investment tool. During the wild price swings the cryptocurrency market experienced from December 8 to December 20, 2017, LTC’s price increased by over $220. Its transaction volume increased from an average of 20,000 transactions per day to as many as 160,000. The LTC community has never experienced this kind of pressure, and it resulted in bottlenecked transactions. As the network struggled to process the transactions, transaction costs increased from $0.094 to $1.50 – an increase of 1,495%.

Market rate for common transfer amounts LTC to USD

Litecoin (LTC) US Dollars (USD)
Ł1 0
Ł100 0
Ł500 0
Ł1000 0
Ł1500 0
Ł2500 0
Ł5000 0

What does it mean that its founder sold all of his Litecoin?

When Charlie Lee sold his entire LTC holdings at the end of December 2017, the resulting unexpected pressures were the first real test of LTC’s programming advances, and the results are bound to worry its developers and its competitors. The effect on price stability and on transaction costs may mean that the hopes of LTC being a usable currency won’t come to fruition.

It’s important to keep an eye on how LTC handles these pressures. Mr. Lee has defended his move by saying his intentions were to avoid a conflict of interest as he continues his leadership of the LTC development community.

The programming changes and effective marketing strategies secured LTC’s place as one of the most influential cryptocurrencies of 2017 and are a direct result of Mr. Lee’s leadership. His leadership is also a factor that heavily influences LTC’s future investment potential. Mr. Lee has been the driving force behind LTC’s price gains. However, his decision to sell all his LTC seems oddly timed and his intentions for selling are anybody’s guess. Keeping Mr. Lee’s excellent management skills in mind, it may be best to do as Mr. Lee does and not as Mr. Lee says.

Confidence in LTC, particularly moving past 2018, would be based purely on speculation. A potential buyer would be well advised to exercise a good deal of caution.


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