Convert and Swap Litecoin LTC to Georgian Lari GEL
LTC/GEL: 1 Litecoin equals GEL 285.65 GEL
Last update: 7:43 AM, December 23, 2024
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Litecoin is falling this week.
The current price of Litecoin is GEL 285.65 per LTC. With a circulating supply of 75,337,024.554 LTC, it means that Litecoin has a total market cap of GEL 21,526,777,296.06. The amount of Litecoin traded has fallen by GEL 445,720,357.75 in the last 24 hours, which is a 23.25% decrease. Additionally, in the last day, GEL 1,916,866,246.15 worth of LTC has been traded.
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About Litecoin
Litecoin is a cryptocurrency that uses a faster payment confirmation schedule and a different cryptographic algorithm than Bitcoin.
Litecoin (LTC) is a peer-to-peer cryptocurrency that aims to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology. It was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times, and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments. It was designed to be a "lite version of Bitcoin," featuring many of the same properties as Bitcoin, but lighter in weight.
Litecoin operates on a blockchain-based system, secured by incredibly strong cryptographic defenses, making it practically impossible to crack. Like Bitcoin and several other cryptocurrencies, Litecoin uses the Proof of Work consensus algorithm to ensure transactions are confirmed quickly and without errors. The combined strength of the Litecoin mining network prevents double-spends and a range of other attacks, while ensuring the network has 100% uptime. As of January 2021, 66.245 million LTC have already been mined out of a total maximum supply of 84 million.
Litecoin aims to be a practical alternative to traditional currencies, offering fast and cost-effective transactions. Its main benefit comes from its speed and cost-effectiveness. Litecoin transactions are typically confirmed in just minutes, and transaction fees are nearly negligible. This makes it an attractive alternative to Bitcoin in developing countries, where transaction fees may be the deciding factor on which cryptocurrency to support. As of January 2021, Litecoin is one of the most widely accepted cryptocurrencies, with more than 2,000 merchants and stores now accepting LTC across the globe.
Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011. Since then, it has grown in both usage and acceptance among merchants and has counted among the top ten cryptocurrencies by market capitalization for most of its existence. The cryptocurrency was created by Charlie Lee, a former Google employee, who intended Litecoin to be a "lite version of Bitcoin." Today, Charlie Lee is an outspoken advocate of cryptocurrencies and is the managing director of the Litecoin Foundation, a non-profit organization that works alongside the Litecoin Core Development team to help advance Litecoin.
How Litecoin and Georgian Lari differ
Litecoin (LTC) and Georgian Lari (GEL) are two distinct forms of currency, each with its unique characteristics. Litecoin, a peer-to-peer cryptocurrency, operates on a blockchain-based system, striving to provide fast, secure, and low-cost payments. It uses the Proof of Work consensus algorithm to confirm transactions quickly and error-free. With a block time of just 2.5 minutes and minimal transaction fees, Litecoin is suitable for micro-transactions and point-of-sale payments. On the other hand, Georgian Lari is the traditional fiat currency of Georgia, regulated by the National Bank of Georgia. Unlike Litecoin, it doesn't operate on blockchain technology and its value is influenced by economic factors such as inflation, interest rates, and public debt. While Litecoin aims to be a practical alternative to traditional currencies, offering speed and cost-effectiveness, Georgian Lari serves as the standard medium of exchange within Georgia's borders. As of January 2021, Litecoin is one of the most widely accepted cryptocurrencies, with over 2,000 merchants and stores accepting LTC globally, whereas Georgian Lari's acceptance is primarily limited to Georgia.
Frequently asked questions
How much is 1 Litecoin in GEL?
Right now, 1 Litecoin is worth about GEL 285.65.
How much LTC could I buy for 1 GEL?
Based on the current rate, you could get 0.0035 LTC for 1 GEL.
How much has the price of Litecoin changed?
Litecoin price has been on the rise. Since yesterday, the exchange rate of Litecoin has increased. Since last month, the exchange rate of Litecoin has increased. Since this time last year, the price of Litecoin has increased.
How do I calculate or convert LTC to GEL?
You can use our LTC to GEL calculator at the top of this page to convert any amount of LTC to GEL. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 GEL is equivalent to 0.0175 LTC. Inversely, 5 LTC will cost about GEL 1,428.24
How can I buy 1 Litecoin on Coinbase?
Litecoin is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Litecoin.
What are assets similar to Litecoin that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to Litecoin, including Polygon, Wrapped Bitcoin, and Toncoin. For a more robust list of assets to explore, jump to the asset page dedicated to Litecoin.
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LTC to Georgian Lari conversion tables
The exchange rate of Litecoin is increasing.
The current value of 1 LTC is GEL 285.65 GEL. In other words, to buy 5 Litecoin, it would cost you GEL 1,428.24 GEL. Inversely, GEL 1.00 GEL would allow you to trade for 0.0035 LTC while GEL 50.00 GEL would convert to 0.1750 LTC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 15.17%. Meanwhile, in the last 24 hours, the rate has changed by 2.02%, and that the the highest exchange rate of 1 LTC to Georgian Lari was GEL 297.17 GEL and the lowest 24 hour value was 1 LTC for GEL 273.55 GEL. This time last month, the value of 1 LTC was GEL 277.86 GEL, which is a 1.01% decrease from where it is now. Looking back a year, Litecoin has changed by GEL 194.80 GEL.
LTC to GEL performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
GEL 279.87 GEL | 2.02% | GEL 337.67 GEL | -15.17% | GEL 277.86 GEL | 1.01% | GEL 194.80 GEL | 37.50% |
LTC to GEL
Amount | Today at 7:43 am |
|---|---|
0.5 LTC | GEL 142.82 |
1 LTC | GEL 285.65 |
5 LTC | GEL 1,428.24 |
10 LTC | GEL 2,856.49 |
50 LTC | GEL 14,282.44 |
100 LTC | GEL 28,564.89 |
500 LTC | GEL 142,824.43 |
1,000 LTC | GEL 285,648.87 |
GEL to LTC
Amount | Today at 7:43 am |
|---|---|
0.5 GEL | 0.0018 LTC |
1 GEL | 0.0035 LTC |
5 GEL | 0.0175 LTC |
10 GEL | 0.0350 LTC |
50 GEL | 0.18 LTC |
100 GEL | 0.35 LTC |
500 GEL | 1.75 LTC |
1,000 GEL | 3.50 LTC |
Today vs. 24 hours ago
Amount | Today at 7:43 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 LTC | GEL 142.82 | GEL 139.94 | +2.06% |
1 LTC | GEL 285.65 | GEL 279.88 | +2.06% |
5 LTC | GEL 1,428.24 | GEL 1,399.40 | +2.06% |
10 LTC | GEL 2,856.49 | GEL 2,798.79 | +2.06% |
50 LTC | GEL 14,282.44 | GEL 13,993.96 | +2.06% |
100 LTC | GEL 28,564.89 | GEL 27,987.92 | +2.06% |
500 LTC | GEL 142,824.43 | GEL 139,939.59 | +2.06% |
1,000 LTC | GEL 285,648.87 | GEL 279,879.18 | +2.06% |
Today vs. 1 month ago
Amount | Today at 7:43 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 LTC | GEL 142.82 | GEL 142.38 | +0.32% |
1 LTC | GEL 285.65 | GEL 284.75 | +0.32% |
5 LTC | GEL 1,428.24 | GEL 1,423.75 | +0.32% |
10 LTC | GEL 2,856.49 | GEL 2,847.50 | +0.32% |
50 LTC | GEL 14,282.44 | GEL 14,237.52 | +0.32% |
100 LTC | GEL 28,564.89 | GEL 28,475.04 | +0.32% |
500 LTC | GEL 142,824.43 | GEL 142,375.21 | +0.32% |
1,000 LTC | GEL 285,648.87 | GEL 284,750.43 | +0.32% |
Today vs. 1 year ago
Amount | Today at 7:43 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 LTC | GEL 142.82 | GEL 101.78 | +40.33% |
1 LTC | GEL 285.65 | GEL 203.55 | +40.33% |
5 LTC | GEL 1,428.24 | GEL 1,017.77 | +40.33% |
10 LTC | GEL 2,856.49 | GEL 2,035.54 | +40.33% |
50 LTC | GEL 14,282.44 | GEL 10,177.68 | +40.33% |
100 LTC | GEL 28,564.89 | GEL 20,355.36 | +40.33% |
500 LTC | GEL 142,824.43 | GEL 101,776.80 | +40.33% |
1,000 LTC | GEL 285,648.87 | GEL 203,553.60 | +40.33% |
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