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Legal Documents Litecoin price LTC Litecoin was launched with a unique algorithmic architecture called Scrypt. Scrypt uses less processing power than Bitcoin’s SHA-256 algorithm, lowering the entry barriers for miners and promoting network decentralization. Scrypt also protects Litecoin from potential attacks by miners.
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Pattern analysis (a) Daily trend of Ethereum price (US$) (b) Historical daily change of Ethereum price (% change) (c) Daily trend of Litecoin price (US$) (d) Historical daily change of Litecoin price (% change). Legend: The black circle denotes COVID-19 pandemic economic recession (March 12, 2020). Major Stock Indexes Launched in the year 2011, Litecoin is an alternative cryptocurrency based on the model of Bitcoin. Charlie Lee, a MIT graduate and former Google engineer, is Litecoin's creator. Litecoin is based on an open source global payment network that is not controlled by any central authority. Litecoin differs from Bitcoins in aspects like faster block generation rate and use of scrypt as a proof of work scheme.
