What security measures does Swyftx implement?

Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security. Swyftx also conducts regular security audits. You can find more information on our security practices here.

What deposit methods does Swyftx support?

You can deposit Australian dollars (AUD) into Swyftx via a number of methods including: Bank transfer OSKO PayID Credit or debit card Swyftx also allows you to deposit cryptocurrency from another wallet into your account.

What are Swyftx's trading fees?

Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.

Buy Litecoin

LTC

24H Change

24H Volume

Global Rank

#26

Market Cap

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1 LTC = $0

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Litecoin Price

About Litecoin (LTC)

Litecoin was created in 2011 by Charlie Lee, a former Google engineer who wanted to build a faster, lighter-weight version of Bitcoin intended for everyday payments. It was one of the earliest altcoins and remains one of the longest-running blockchain networks in operation, with continuous uptime since launch.

The blockchain underpinning Litecoin has several technical differences to Bitcoin's: Litecoin produces blocks every 2.5 minutes instead of 10, uses the Scrypt hashing algorithm instead of SHA-256, and has a maximum supply of 84 million coins compared to Bitcoin's 21 million. These parameters were chosen with the goal of making Litecoin faster to reach consensus and therefore more practical for smaller, everyday transactions. In Australia, individuals can purchase Litecoin using AUD through PayID transfers on AUSTRAC-registered platforms like Swyftx.

How Litecoin compares to Bitcoin

The "silver to Bitcoin's gold" label has followed Litecoin since its early years. The comparison is apt in structural terms: both are Proof of Work blockchains with fixed supplies and halving events, but Litecoin trades a smaller network hashrate (theoretically making it easier to compromise) for speed and lower fees.

Litecoin has also served as a proving ground for Bitcoin upgrades. It activated Segregated Witness (SegWit) before Bitcoin did and was among the first major networks to support the Lightning Network for instant, off-chain payments. In 2022, it introduced MimbleWimble Extension Blocks (MWEB), adding optional privacy features for transactions, a capability Bitcoin does not natively offer.

Feature	Litecoin (LTC)	Bitcoin (BTC)
Block time	~2.5 minutes	~10 minutes
Maximum supply	84 million	21 million
Hashing algorithm	Scrypt	SHA-256
Privacy features	Optional (MimbleWimble)	None natively
Most recent halving	August 2023 (reward: 6.25 LTC)	April 2024 (reward: 3.125 BTC)

What drives Litecoin's price?

Halving events

Like Bitcoin, Litecoin's block reward halves approximately every four years. The most recent halving in August 2023 reduced the mining reward to 6.25 LTC per block, cutting the rate at which new supply enters the market. Historically, halving cycles have attracted increased market attention, though past patterns are not reliable predictors of future price behaviour.

Payment adoption

Litecoin's low fees and fast confirmations have supported integrations with major payment processors and a growing network of cryptocurrency ATMs. Expansion of these real-world payment channels can impact demand for LTC as a medium of exchange.

Bitcoin correlation

LTC has historically shown strong price correlation with BTC. Broader Bitcoin market movements tend to influence Litecoin's valuation, given their shared Proof of Work lineage and the perception of LTC as a Bitcoin companion asset.

Resources

litecoin.org

@LTCFoundation

https://reddit.com/r/litecoi

How to Buy Litecoin (LTC) in Australia

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Litecoin FAQs

Litecoin FAQs
Swyftx FAQs

Where do I buy Litecoin?

You can invest in Litecoin on Swyftx, Australia's highest rated crypto trading platform. Simply sign up, complete the verification checks and deposit AUD into your account. Once you have funds in your account, you can buy LTC and a range of other crypto assets.

Can you buy Litecoin in Australia?

Litecoin can be purchased in Australia using AUD. Investors typically fund their accounts on an AUSTRAC-registered exchange via a PayID transfer to execute trades.

What is 1 LTC worth in AUD?

The current value of 1 LTC in AUD is displayed at the top of this page and updates in real time.

How is Litecoin different from Bitcoin?

Both are Proof of Work cryptocurrencies with fixed supplies, but Litecoin is designed for faster transactions (2.5-minute blocks vs 10 minutes), has a larger total supply (84 million vs 21 million), uses a different hashing algorithm (Scrypt vs SHA-256), and offers optional transaction privacy through MimbleWimble Extension Blocks.

Where is the best place to buy Litecoin?

The best place to buy Litecoin is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Litecoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be one of Australia's highest-rated crypto exchanges as per our TrustPilot reviews.

How is the price of Litecoin determined?

The price of Litecoin is determined by the forces of supply and demand in the market. Similar to other assets, the price of Litecoin is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Litecoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

Can I buy Litecoin with credit card?

Yes, you can buy Litecoin and other listed cryptocurrencies directly with a credit or debit card on Swyftx using our Quick Buy menu. The card feature is facilitated by our third-party provider, Stripe, and may incur additional fees.

LTC Buys and Sells

By number of orders

75%
Buys

25%
Sells

Period: Last 24 hours

This should not be used to make investment decisions.

Disclaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.