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LTC/MXN - Litecoin Mexican Peso

Synthetic
Symbol
Exchange
Currency
LTC/MXN·Synthetic·MXN
LTC/MXN·Investing.com·MXN
Currency in
MXN
LTC/MXN·Mexican Peso
LTC/BRL·Brazil Real
LTC/USD·US Dollar
LTC/CAD·Canadian Dollar
LTC/AUD·Australian Dollar
LTC/PLN·Polish Zloty
LTC/RUB·Russian Ruble
LTC/SEK·Swedish Krona
LTC/TRY·Turkish Lira
LTC/GBP·British Pound Sterling
LTC/EUR·Euro
LTC/ZAR·South African Rand
LTC/NGN·Nigerian Naira
LTC/IDR·Indonesian Rupiah
LTC/CNY·Chinese Yuan
LTC/HKD·Hong Kong Dollar
LTC/MYR·Malaysian Ringgit
LTC/VND·Vietnamese Dong
LTC/INR·Indian Rupee
LTC/JPY·Japanese Yen
LTC/SAR·Saudi Riyal
LTC/ILS·Israeli Shekel
1,505.14
+7.11(+0.47%)
Real-time Data·
Day's Range
1,319.903,196.15
52 wk Range
989.783,196.15
Bid/Ask
1,505.04 / 1,505.24
Vol (24H)
253.35M
Market Cap
5.76B
Day's Range
1,319.9-3,196.15
52 wk Range
989.78-3,196.15
Max Supply
LTC84.00M
Circulating Supply
LTC75.56M
Rank
22
Technical
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Daily
Weekly
Monthly
More
Explore
Type:Currency
Group:Minor
Base:Litecoin
Second:Mexican Peso
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FAQ

How to Mine Litecoin

Mining Litecoin (LTC) involves using computational power to validate transactions on the network, earning rewards in the form of new Litecoin. You can mine solo (keeping all rewards but requiring significant hardware), join a mining pool (where rewards are shared), or use cloud mining (renting hashing power).

The most efficient hardware for mining Litecoin is application-specific integrated circuits (ASIC) miners, though GPUs can be used for pool mining. You'll also need mining software like CGMiner or MultiMiner to manage operations and a secure Litecoin wallet to store your earnings. While mining can be profitable, it’s important to consider your hardware investment, power consumption, and the current difficulty of mining Litecoin.

What Is Litecoin?

Litecoin (LTC) is a decentralized cryptocurrency created by Charlie Lee in 2011 as a "lighter" alternative to Bitcoin. It operates on an open-source, peer-to-peer network, allowing users to send payments quickly and securely across the world without the need for a central authority like a bank. Although it has a close affinity with the Bitcoin network, Litecoin uses Scrypt programming and consumes less energy in validating transactions. It relies on a proof-of-work consensus mechanism, but it uses a different algorithm called Scrypt. This makes mining Litecoin more accessible with less specialized hardware than the same for Bitcoin or other energy-heavy crypto.

Litecoin is often referred to as "digital silver" (with Bitcoin seen as "digital gold"), and it is designed to complement Bitcoin by providing faster and cheaper transactions. There is a fixed supply of 84 million LTC, four times the total supply of Bitcoin’s 21 million. It is widely accepted and traded, making it one of the more established cryptocurrencies in the market.

Can I Buy Litecoin With Cash?

Yes, you can buy Litecoin (LTC) with your local currency (cash) through various methods. One common way is to use cryptocurrency ATMs that support Litecoin; simply deposit cash and receive Litecoin in your wallet. Another option is peer-to-peer (P2P) platforms like LocalBitcoins, where you can meet sellers and buy Litecoin directly with cash. Additionally, some OTC (over-the-counter) services facilitate cash transactions for Litecoin. Make sure to use reputable and secure platforms to ensure a smooth and safe transaction.

What Is A Litecoin Wallet?

A Litecoin wallet is a digital tool used to store, send, and receive Litecoin (LTC) securely. It can be a hardware wallet like Ledger or Trezor, which provides robust security, or a software wallet like Exodus, Litewallet, and Trust Wallet, which offers convenience and ease of use. Each wallet includes a unique private key that allows you to manage your Litecoin holdings. Keeping your private key secure is essential to protecting your assets from unauthorized access.

Which Countries Use Litecoin?

Litecoin is used worldwide, with significant adoption in countries like the United States, Canada, Germany, South Korea, Japan, and Australia. As a widely accepted cryptocurrency, Litecoin is favored for its faster transaction times and lower fees compared to Bitcoin, making it a popular choice for international transactions and everyday purchases across various global markets. Moreover, many online retailers, merchants, and even some physical stores globally accept Litecoin as a form of payment. However, while El Salvador uses Bitcoin as a legal tender, Litecoin is yet to witness such national-level adoption.
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