Litecoin price AUD (LTC)

Litecoin price chart

The below Litecoin price chart tracks the price of Litecoin against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.

Market cap

$10.6B

Volume 24hr

$839.3M

Supply

69.5M LTC

Max supply

84.0M LTC

What is Litecoin?

Peer to peer transactions
Near-zero transaction costs
Open source network

Litecoin is an open source, global payment network that is fully decentralised without any central authorities.

Additionally, LTC is a peer-to-peer digital currency that enables instant, near-zero cost payments to anyone across the globe.

Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math-based currencies. With substantial industry support, trade volume and liquidity, Litecoin is a proven medium of commerce complementary to Bitcoin.

Dubbed ‘the silver to Bitcoins gold’ — LTC does however have more coins in circulation, shorter verification period and a different hashing algorithm.

How do I buy Litecoin?

  1. Deposit funds into your Cointree account using our fast and convenient options.
  2. Enter the amount of Litecoin that you would like to buy.
  3. Confirm your purchase and Litecoin will be instantly delivered to your Cointree account.

Don't have an account? Click here to get started

Compare other coin prices with Litecoin

Quickly compare the past seven days’ price movements of Litecoin with other cryptocurrencies.

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Common Litcoin questions

We answer everything you need to know before making your first Litecoin purchase.

Where can Australians buy Litecoin?

Australians can purchase Litecoin on a crypto exchange like [Cointree](https://www.cointree.com/). A crypto exchange lets you buy and sell digital assets, including Litecoin. Tens of thousands of Aussies choose to buy crypto from Cointree. We're an AUSTRAC regulated exchange where you can instantly buy and sell Litecoin. All you need to do to get started today is create an account, verify your ID, deposit funds, and you're ready to buy Litecoin.

Can you buy Litecoin with AUD?

Yes. You can buy Litecoin instantly with AUD. All you need to do is deposit AUD to your account on Cointree and you can instantly convert your dollars to Litecoin. It only takes a few clicks. Even better, it's quick to transfer dollars onto your account. Using PayID/OSKO in online or mobile banking, you can instantly send AUD to your Cointree account.

Can you use Litecoin to trade with other cryptos?

Yes. You can use Litecoin to trade with over [250 other cryptocurrencies](https://www.cointree.com/trade/cryptocurrencies/) listed on our platform. You can also access our [auto trade](https://www.cointree.com/news/never-miss-a-trade-with-cointree-s-auto-trading-and-price-alert-features/) features and price alerts so that you never miss a trading opportunity again.

Who created Litecoin?

Litecoin was created in 2011 by the former Google engineer Charlie Lee, making it one of the oldest cryptocurrencies. Based on Bitcoin’s code, it also uses a proof of work consensus mechanism, but is designed to be more efficient for everyday use.

Why do people call Litecoin 'digital silver'?

As many investors consider bitcoin as digital gold, some consider Litecoin to be digital silver, including founder Charlie Lee who called it “digital silver” in an interview on CNBC. Much like silver compared to gold, it has a lower price in Australia (LTC/AUD) and the low fees make it more efficient for transactions. Moreover, Litecoin is also easier to mine than bitcoin, much like silver is easier to mine than gold in the real world. As bitcoin’s blocks are full and everyone must compete to get their transactions included in a block, fees are much higher than on Litecoin, where competition for block space is far lower. This is important for purchasing low-value items like a cup of coffee, where you need fees to be as low as possible.

Why is Litecoin considered easier to mine?

Litecoin is considered easier to mine because you can use either a central processing unit (CPU), graphic processing unit (GPU) or application-specific integrated circuit (ASIC) miner. In contrast, bitcoin miners require ASICs. This is because Litecoin uses the Scrypt algorithm, rather than the SHA-256 algorithm. Ultimately, this decision has kept Litecoin mining more accessible to the average person.

Is Litecoin a good investment?

As Litecoin has been around since 2011, it uses older technology that has proven to be reliable and has stronger network effects than some newer coins. Is it a good investment? For traders, it can depend on Litecoin’s AUD price and their expectations for it to rise in the short-term. For investors, they are more likely to buy Litecoin based on the fundamentals of the project. Short-term Litecoin price predictions are more important for traders, while long-term Litecoin price predictions are more relevant for investors. What is Litecoin’s price long-term history? While you can see the weekly, monthly and quarterly price history of Litecoin using the chart above, we’ll briefly discuss the long-term price history. Originally listing for around AU$4, the price shot up to over AU$30 during the 2013 bull run. In the next few years, it slowly declined to under AU$2. Then, in April of 2017, it began rising rapidly and hit AU$90 in September. In the next few months, it rocketed to over $400, before falling back to around AU$40 in the following 12 months. Then, in the early 2021 bull run, it again reached over AU$400. While its price movements have been volatile, they have steadily grown to a higher base over time.

Why is Cointree the best place to buy Litecoin in Australia?

Easy and convenient

Simply deposit funds with a bank transfer or PayID/OSKO and you're ready to buy hundreds of digital currencies, including Litecoin.

Instant buy

Buying Litecoin is fast and efficient on our crypto exchange. You can buy Litecoin in only a few clicks and start trading digital currency immediately.

Safe and secure

You know your Litecoin (LTC) is protected when you buy Litecoin on an AUSTRAC regulated cryptocurrency exchange with bank level encryption.

Personalised platform

You can track your digital currency portfolio on our easy-to-use cryptocurrency exchange and you receive a personal cryptocurrency wallet to store Litecoin.

What can you do with your Litecoin?

Hold Litecoin

Many investors buy Litecoin to hold it as an investment, with expectations the current price will continue to rise over the long term.

Trade Litecoin

Trade LTC and easily convert it to Australian dollars or another digital currency in a few clicks. You get low trading fees and immediate trades.

Send Litecoin

Quickly and easily send LTC to a supported Litecoin wallet. It's even easier than using the Australian dollar with a credit or debit card.

Spend Litecoin

Buy Litecoin and spend it in an actual store as more and more businesses in Australia are accepting digital currencies as a payment method.

Learn About Litecoin

The Cointree [learning hub](/learn/) can give you an overview of Litecoin, from Litecoin transactions, to the Litecoin foundation, to evaluating your own finances.

Pay Bills With Litecoin

Head to your Australian BPAY bills deposit page and sell digital currency to pay your bills. It can be easier than bank transfers or a cash deposit.

Buy Litecoin in minutes

Buying Litecoin is seamless on our easy-to-use crypto exchange.