Litecoin wallet

Secure your (LTC) assets

Secure your Litecoin assets with the most trusted hardware wallet. Cold storage wallets are typically encrypted devices that store users' Litecoin assets offline, providing a layer of security against the evolving threats emerging from being connected to the Internet.

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Discover our wallets How to manage Litecoin with Ledger devices

Secure your Litecoin (LTC)

Secure multiple assets, including Litecoin, using a Ledger Hardware Wallet.
Your private keys, giving access to your assets, remain safe in a certified secure chip.

Ledger Nano S

Ledger Nano S

Protect your Litecoin assets with the first and only
independently-certified Litecoin wallet on the market.

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Ledger Nano X

Ledger Nano X

The Ledger Nano X is a Bluetooth® enabled secure and
CES award winning device that protect your Litecoin assets.

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How to manage your Litecoin (LTC)

Ledger Live

Directly manage your Litecoin with Ledger Live, our own desktop and mobile application. Check your balance in real-time, send and receive your Litecoin and 1000+ other assets directly from Ledger Live.

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What is Litecoin (LTC)

Often called the silver to Bitcoin’s gold, Litecoin is a fork of the Bitcoin protocol created by Charlie Lee and released on October 7th, 2011. A former Google employee, Lee was one of the first to officially fork the Bitcoin protocol and attempt to optimize it by changing ‘consensus rules’ of the blockchain such as the block time, which he converted from 10 minutes to 2.5 minutes.

litecoin-plain

Litecoin (LTC) features

Litecoin similarly has a different supply than Bitcoin. Rather than the 21 million supply cap of BTC, Litecoin has an 84 million cap. Litecoin also deploys the Scrypt hashing algorithm, which is slightly different from Bitcoin’s SHA-256 algorithm.

Despite their minute technical differences, Bitcoin and Litecoin are often viewed in a similar light, with Litecoin the ‘little brother,’ so to speak. Over the years, Litecoin has consistently remained within the top 10 of cryptocurrencies by market cap, in large part as a sort of experimentation ground for upgrades that would be compatible with Bitcoin.

Charlie Lee has been a publicly available and an active cryptocurrency proponent for years in major social media forums, and he was also an early engineer at major U.S. cryptocurrency exchange Coinbase.

Outside of Bitcoin and Ethereum, Litecoin is often the most commonly listed and referenced cryptocurrency due to its historical precedence and close association with the legacy cryptocurrency -- Bitcoin.

Litecoin’s Unique Position in the Crypto World

Litecoin has a similar scope as Bitcoin, and as such, LTC are sometimes viewed as a dilution of BTC due to the similarities of the networks. However, Bitcoin has long been drastically higher in spot price than Litecoin and retains a much larger development, mining, and user community.

The position of Litecoin as in the shadow of Bitcoin has afforded it some unique opportunities, however. Where Bitcoin’s development takes a much more tempered and conservative approach, Litecoin can be more liberal. For example, Charlie Lee sparked speculation earlier this year that Litecoin would be adding Confidential Transactions (CTs) to its network for better privacy along with its exploration of Mimblewimble with BEAM -- a privacy-oriented cryptocurrency.

Similarly, Litecoin has undergone development work with the Lightning Network, Bitcoin’s second layer scaling solution that is also compatible with Litecoin. For example, CoinGate launched a pilot run for the Lightning Network on Litecoin with CoinShark, and the network has proved a useful experimentation ground for atomic swaps -- cross-chain asset swaps.

Litecoin also presents a unique case study for Bitcoin on certain events. For instance, the halving event of Litecoin is not aligned with Bitcoin since it launched at a different date, meaning that Litecoin’s next halving will occur in July of this year while Bitcoin’s next halving will happen in May 2020. Halving events are often useful tools for gauging market sentiment and mining market health, often leading to surges in price and useful empirical analysis of the network.

Speculation is always rife as to whether Litecoin is drastically undervalued or overvalued, but it has gained traction in local cryptocurrency markets (i.e., LocalBitcoins), particularly in economically destitute areas such as Venezuela. Litecoin has also been one of the best price performing cryptocurrencies of 2019.

The sustainability of Litecoin through the volatile ups and downs of the cryptocurrency ecosystem since 2011 have made it an attractive target for merchants and partnerships. Many altcoins come and go in the blink of an eye, so it is not surprising that local cryptocurrency markets and open-source merchant payment processors, such as BTCPay Server, support Litecoin.

Relegated to Bitcoin’s little brother, Litecoin presents an interesting case study in the world of crypto.

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