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Litecoin price monthly 2016-2019

Price of Litecoin from June 2016 to June 2019 (in U.S. dollars)

by M. Szmigiera, last edited Sep 6, 2019
Litecoin price monthly 2016-2019 Litecoin, one of cryptocurrencies, dropped in price against to 64.33 U.S. dollars per coin in August 2019. Its highest price in the past two years came in December 2017, at 237.57 U.S. dollars per coin. In the first half of 2019, the Litecoin strengthened against the dollar, which is good for cryptocurrency speculators but displays volatility. The recent drop likely hurt the portfolios of these speculators.
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.
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Price of Litecoin from June 2016 to June 2019 (in U.S. dollars)

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