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Litecoin price history as of January 12, 2021
Published by Raynor de Best, Jan 12, 2021
What is the price of Litecoin today? The cryptocurrency was valued at more than 130 U.S. dollars per coin during January 2020, a price that was nearly times higher than in November. Litecoin's price was relatively volatile in recent years, revealing high price swings between months.
What is a cryptocurrency?
Cryptocurrencies are digital currencies that do not have a centralized regulating authority. The first of these, Bitcoin, introduced a technology called blockchain, in which a distributed ledger records every transaction on every bitcoin in circulation to prevent fraud. Litecoin also uses this technology. To accommodate the demands of constant ledger updates, users sell computational power in exchange for an amount of Litecoin, a process known as mining.More about Litecoin
Cryptocurrencies are still emerging technology, and few are using them for transactions. As such, most users are speculators who look at the value of all coins in circulation as the market capitalization rather than money supply. Still, the average number of Litecoin transactions ranges in the tens of thousands, meaning that the cryptocurrency has a substantial financial footprint.Daily Litecoin value from April 2013 to January 12, 2021 (in U.S. dollars)
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