Convert and Swap Litecoin LTC to Philippine Peso PHP
LTC/PHP: 1 Litecoin equals ₱5,994.92 PHP
Last update: 1:18 PM, December 23, 2024
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Litecoin is falling this week.
The current price of Litecoin is ₱5,994.92 per LTC. With a circulating supply of 75,337,880.804 LTC, it means that Litecoin has a total market cap of ₱453,211,813,874.59. The amount of Litecoin traded has fallen by ₱5,612,393,968.98 in the last 24 hours, which is a 13.42% decrease. Additionally, in the last day, ₱41,811,597,719.00 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 Philippine Peso differ
Litecoin (LTC) and the Philippine Peso (PHP) are both mediums of exchange, but they operate in fundamentally different ways. Litecoin is a peer-to-peer cryptocurrency that leverages blockchain technology to facilitate fast, secure, and low-cost payments. It operates on a decentralized network, secured by strong cryptographic defenses, and uses a Proof of Work consensus algorithm to confirm transactions. With a block time of just 2.5 minutes and negligible transaction fees, Litecoin aims to be a practical alternative to traditional currencies, especially in developing countries where transaction costs can be a deciding factor. On the other hand, the Philippine Peso is a traditional fiat currency, issued and regulated by the Bangko Sentral ng Pilipinas. Unlike Litecoin, the value of the Peso is not determined by a decentralized network of users, but by the economic policies of the Philippine government and the dynamics of the international foreign exchange market. Furthermore, while Litecoin transactions are confirmed in minutes, Peso transactions can take longer and may involve higher fees, especially for international transfers. Lastly, while Litecoin has a maximum supply of 84 million coins, the supply of Pesos can be adjusted by the central bank to manage inflation or stimulate economic growth.
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LTC to Philippine Peso conversion tables
The exchange rate of Litecoin is decreasing.
The current value of 1 LTC is ₱5,994.92 PHP. In other words, to buy 5 Litecoin, it would cost you ₱29,974.61 PHP. Inversely, ₱1.00 PHP would allow you to trade for 0.000167 LTC while ₱50.00 PHP would convert to 0.008340 LTC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 11.84%. Meanwhile, in the last 24 hours, the rate has changed by 0.86%, and that the the highest exchange rate of 1 LTC to Philippine Peso was ₱6,205.71 PHP and the lowest 24 hour value was 1 LTC for ₱5,731.77 PHP. This time last month, the value of 1 LTC was ₱6,034.97 PHP, which is a 0.17% increase from where it is now. Looking back a year, Litecoin has changed by ₱4,016.57 PHP.
LTC to PHP performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
₱6,071.04 PHP | -0.86% | ₱6,874.77 PHP | -11.84% | ₱6,034.97 PHP | -0.17% | ₱4,016.57 PHP | 37.50% |
LTC to PHP
Amount | Today at 1:18 pm |
|---|---|
0.5 LTC | ₱2,997.46 |
1 LTC | ₱5,994.92 |
5 LTC | ₱29,974.61 |
10 LTC | ₱59,949.23 |
50 LTC | ₱299,746.14 |
100 LTC | ₱599,492.29 |
500 LTC | ₱2,997,461.45 |
1,000 LTC | ₱5,994,922.90 |
PHP to LTC
Amount | Today at 1:18 pm |
|---|---|
0.5 PHP | 0.000083 LTC |
1 PHP | 0.000167 LTC |
5 PHP | 0.000834 LTC |
10 PHP | 0.0017 LTC |
50 PHP | 0.0083 LTC |
100 PHP | 0.0167 LTC |
500 PHP | 0.0834 LTC |
1,000 PHP | 0.17 LTC |
Today vs. 24 hours ago
Amount | Today at 1:18 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 LTC | ₱2,997.46 | ₱3,023.68 | -0.87% |
1 LTC | ₱5,994.92 | ₱6,047.35 | -0.87% |
5 LTC | ₱29,974.61 | ₱30,236.75 | -0.87% |
10 LTC | ₱59,949.23 | ₱60,473.51 | -0.87% |
50 LTC | ₱299,746.14 | ₱302,367.53 | -0.87% |
100 LTC | ₱599,492.29 | ₱604,735.06 | -0.87% |
500 LTC | ₱2,997,461.45 | ₱3,023,675.32 | -0.87% |
1,000 LTC | ₱5,994,922.90 | ₱6,047,350.65 | -0.87% |
Today vs. 1 month ago
Amount | Today at 1:18 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 LTC | ₱2,997.46 | ₱2,998.63 | -0.04% |
1 LTC | ₱5,994.92 | ₱5,997.27 | -0.04% |
5 LTC | ₱29,974.61 | ₱29,986.33 | -0.04% |
10 LTC | ₱59,949.23 | ₱59,972.66 | -0.04% |
50 LTC | ₱299,746.14 | ₱299,863.30 | -0.04% |
100 LTC | ₱599,492.29 | ₱599,726.60 | -0.04% |
500 LTC | ₱2,997,461.45 | ₱2,998,633.02 | -0.04% |
1,000 LTC | ₱5,994,922.90 | ₱5,997,266.04 | -0.04% |
Today vs. 1 year ago
Amount | Today at 1:18 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 LTC | ₱2,997.46 | ₱2,123.47 | +41.16% |
1 LTC | ₱5,994.92 | ₱4,246.94 | +41.16% |
5 LTC | ₱29,974.61 | ₱21,234.70 | +41.16% |
10 LTC | ₱59,949.23 | ₱42,469.41 | +41.16% |
50 LTC | ₱299,746.14 | ₱212,347.03 | +41.16% |
100 LTC | ₱599,492.29 | ₱424,694.07 | +41.16% |
500 LTC | ₱2,997,461.45 | ₱2,123,470.34 | +41.16% |
1,000 LTC | ₱5,994,922.90 | ₱4,246,940.69 | +41.16% |
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