Litecoin (LTC) Price



Before trading any crypto asset, it is important to understand the risks. This overview summarizes certain risks associated with this asset. No securities regulatory authority has issued an opinion regarding this asset, including an opinion that it is not itself a security and/or derivative.

Investors in Canada are reminded that no securities regulatory authority or regulator in Canada has assessed or endorsed any Crypto Contract or Crypto Asset made available through the Uphold Platform.

Token Description & Project Background

LTC is one of the first "alternative" cryptocurrencies, aka Altcoins. The LTC currency launched in October 2011.

Bitcoin's debut in 2009 - with open-source code and breakthrough blockchain technology - inspired the creation of many projects. 

As such, LTC was created as a fork of the original Bitcoin implementation with a faster blocktime. Litecoin was designed with a strong focus on speed, performance, and scalability. 

The project has retained its ambitious and forward-looking aspirations, adopting new features such as Segregated Witness much earlier than Bitcoin and its more conservative approach.

It is an open source, open ecosystem to which anyone can contribute and it is administered by the Litecoin Foundation.

Litecoin was created by Charlie Lee in 2011 -- the network launched in October of 2011. Lee graduated from MIT with a Bachelor’s and Master’s degree in Computer Science in 2000. Lee worked as an engineer at Google, and held the position of Engineering Director at Coinbase from 2013-2017. 

Risks of LTC

Like an investment in other crypto assets, there are some general risks to investing in LTC. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in LTC is subject to the following specific risks:

  • The ‘altcoin’ space faces intense competition. Any potential success associated with LTC is dependent on its rate of demand and adoption by users.

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with LTC. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The LTC community, Litecoin Foundation, and Charlie Lee are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of LTC have no recourse to the LTC community, Litecoin Foundation, Charlie Lee, or Uphold if LTC declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing LTC on the Uphold Platform, Uphold performed due diligence on LTC and determined that LTC is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

  • The creation, governance, usage, and design of LTC, including ensuring the source code being open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 
  • The supply, demand, maturity, utility, and liquidity of LTC.
  • Marketing materials put forward by the LTC social team including, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.
  • Material technical risks associated with LTC, including any code defects, security breaches and other threats concerning LTC and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.
  • Legal and regulatory risks associated with LTC, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of LTC. 


Uphold has prepared this Crypto Asset Statement based on publicly available information. Although Uphold has taken steps to obtain information from apparently reliable sources, information contained in this Crypto Asset Statement may be inaccurate, incomplete or out-of-date. This overview is a starting point for you to perform your own research prior to investing in a crypto asset.

Uphold users should read the Risks Specific To Holding Digital Assets statement for additional discussion of general risks associated with crypto assets made available through the Uphold platform.  

Canadian residents, please note that Uphold has filed an application for registration in certain Canadian jurisdictions but has not yet obtained registration. Until such time as Uphold obtains registration, Uphold has agreed to abide by the terms of an undertaking available at the following link. Please also review the Uphold Canada – Crypto Risk Statement for additional discussion of general risks associated with the crypto assets made available through Uphold Platform. Please be aware that statutory rights of action for damages or rescission in section 130.1 of the Securities Act (Ontario) and, if applicable, similar statutory rights under securities legislation in the other provinces and territories of Canada do not apply in respect of this Crypto Asset Statement or other disclosures on the Uphold website and Risks Specific To Holding Digital Assets statement. 

Last updated on June 21, 2023.

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