Litecoin has surged 13% in the past 24 hours as rumors of an ETF are in the air. With such hype around this coin, it is important to know the answer to an important question: how many Litecoin coins are there?
Information current as of February 2025.
Charlie Lee, a computer scientist and software developer at Google, introduced Litecoin (LTC) to the world in October 2011, two years after Bitcoin was introduced to the world.
Although LTC was created using the same proof of work (PoW) system as Bitcoin (BTC), it differs in a number of ways, including supply cap, hashing algorithms, block transaction speeds, and storage efficiency.
Because Lee created the blockchain to be a “lite version of Bitcoin,” Litecoin’s block processing time is 2.5 minutes, whereas BTC’s is 10 minutes. It is ideal for modest transactions because it also has cheap transaction fees.
In this article, we’ll discuss the Litecoin supply in total, how many Litecoin are in circulation, and the potential impacts of LTC ownership distribution.
Overview of LTC holders
Before investing in any cryptocurrency it is important to know if its supply isn’t too centralized as it increases the chances of a rug pull and takes out the element of decentralization – a pillar of any true cryptocurrency.
As per the current data from BitInfoCharts, LTC’s distribution shows a major chunk of small holders that amount to 49.58%, and they hold between 0 to 0.001 LTC. While 49.58% is a big number, these small wallets only hold negligible amounts of LTC in total, which indicates that the major retail influence on LTC’s supply is almost none.
Moving on to wallets with larger holdings, we can see that 13.6% of wallet addresses hold between 0.01 and 0.01, that accounts for only 0.01% of the total supply. Same is the case for the next block of wallets, that hold between 0.1 and 1 LTC and make up 12.79% of the total wallet addresses, representing only 0.43% of the overall LTC token supply.
In the ranges of , 1-10, 100-1000, 10,000-100000, and 100000-10000000 LTC coins, there are wallet addresses that amount to less than 3% of the total wallet addresses, however these few wallets hold more than 99.52% of the total LTC token supply.
As of Feb. 11, 2025, LTC is trading at approximately $129.49 per token. The cryptocurrency has experienced an intraday high of $131.32 and a low of $113.32. The 24-hour trading volume stands at $1.88 billion, contributing to a market capitalization of around $9.77 billion.
How many people own LTC?
Due to the anonymous nature of cryptocurrency transactions on the blockchain network, it is almost impossible to calculate the number of LTC holders. However, it is possible to track the multiple wallet addresses that hold this token.
According to the latest data collected by Coincarp, there are approximately 7,145,978 active LTC account holders. While this number provides an estimate of LTC holders, the actual number may be different, as many users may hold multiple wallets, and some wallets will also belong to many crypto exchanges.
Top LTC holders
As per Coincarp, 38.60% of the LTC token supply is held by the top 100 wallets. Meanwhile, the top 50 holders own 28.75% of the total supply, and if we talk about the top 20 and top 10, they hold 18.64% and 14.89% of the total supply, respectively.
It is important to know how many Litecoins are available, and for that you need to know its token supply. The total number of Litecoins is 84 million and this is also the total supply of LTC, which means that the team cannot mint any new coins in the market. Also, the circulating supply of LTC stands at 75.52 million, which is also a great sign, as only 9.5 million coins are left to be introduced into the market by the team behind LTC.
The impact of LTC ownership distribution
As mentioned above, the majority of LTC is held by wallets that amount to only 3% of the total user base that holds LTC, and this is not a good look for any project. This is because if these few wallet holders were to sell their tokens abruptly, it can create a chain reaction and the project can be open to potential FUD as well.
However, this does necessarily imply that LTC’s long term potential is at risk. However, this concentrated ownership of supply may create challenges for broader adoption and trust for new investors. To mitigate such risks, staking mechanisms should be introduced, along with lock-up periods, and governance decisions to attract new crypto investors.
FAQs
u003cstrongu003eHow many Litecoin coins are left?u003c/strongu003e
The total supply of LTC is 84 million and this will also be the max supply of the project. As of Feb. 11, 2025, around 75.52 million coins are in circulation, meaning 8.48 million LTC are left to be introduced to the crypto market. This means that remaining supply will be introduced slowly and with such a large supply already made public, additional supply i.e. 8.48 million may not have a major impact on LTC’s price.
u003cstrongu003eHow many Litecoin coins are lost?u003c/strongu003e
It is difficult to find out exactly how many LTC tokens are lost, as it depends on how many people have forgotten their wallet’s private keys, or completely lost their wallets to begin with. There are some estimates that say 4 million LTC wallets are lost, but that may just be a speculation.
u003cstrongu003eHow many Litecoin coins are mined per day?u003c/strongu003e
The current block processing of LTC is 2.5 minutes which is faster than BTC which is at 10 minutes. So with 2.5 minutes of block generation time, a total of 14,400 LTC are mined everyday, and the reward for miners is halved after every 4 years, with the next one expected in 2027.
u003cstrongu003eWho owns the most Litecoin coins?u003c/strongu003e
LTC ownership is concentrated in a small number of wallets as the top 50 wallets own 28.75%, top 10 wallets own 14.89%, and the top 10 wallets own 14.89% of the total LTC supply. This ownership indicates heavy centralization of LTC’s token supply.
