> For the complete documentation index, see [llms.txt](https://docs.cakewallet.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.cakewallet.com/cryptos/litecoin.md).

# Litecoin

Official Website: [litecoin.org](https://litecoin.org/)

Litecoin `(LTC)` is a peer-to-peer cryptocurrency that was forked from Bitcoin in 2011 by Charlie Lee, designed to provide fast, low-cost payments over the internet. It's often referred to as the "silver to Bitcoin's gold," aiming for more frequent transactions and a faster block generation time (2.5 minutes compared to Bitcoin's 10).

Litecoin uses a different hashing algorithm called Scrypt, which makes it more memory-intensive and was initially considered to be more resistant to specialized mining hardware like ASICs, although this has changed over time. It serves as a testing ground for technological improvements before they are implemented in Bitcoin.

## Seed types

By default, Cake Wallet creates Litecoin wallets with a BIP39 seed. You can switch to the Electrum seed format with the `Seedtype` option on the `Advanced Settings` screen you reach from the wallet creation screen. Both formats are supported when restoring an existing wallet.

With BIP39 selected, the same `Advanced Settings` screen also offers a `Seed phrase length` choice of **12** (default) or **24** words, and lets you add a seed passphrase.

{% hint style="info" %}
Only BIP39 seeds can be shared with your other Cake Wallet currencies as part of a wallet group.
{% endhint %}

### Derivation paths

* BIP39: `m/84'/2'/0'`
* Electrum: `m/0'`

## Addresses

We automatically generate new Litecoin addresses after each use for better privacy. Previous addresses continue to work.

## Fees

Litecoin network fees are paid in LTC. When you send, you can pick a fee level under `Advanced Settings` → `Fees`:

* **Slow**: Cheaper but may take longer to confirm.
* **Medium**: Recommended for most transactions, and the default.
* **Fast**: More expensive but confirms quickly.

Rates are shown in `Litoshi/byte`. There is no `Custom` fee option for Litecoin — that is Bitcoin-only.

## MWEB

Litecoin supports **MWEB** (MimbleWimble Extension Blocks) for confidential transactions, where amounts and addresses are hidden on-chain. Cake Wallet gives you a `Private` (MWEB) address alongside your `Standard` one.

{% hint style="warning" %}
MWEB is available on **iOS and Android only**. Litecoin wallets on desktop (macOS, Linux, Windows) do not get a `Private` (MWEB) address and cannot peg funds in or out.
{% endhint %}

Pegging funds in (Standard → Private) and pegging them back out (Private → Standard) each require **six confirmations** before the funds are available. Transfers from one MWEB address to another do not.

See the [Litecoin MWEB](https://docs.cakewallet.com/features/privacy-and-security/litecoin-mweb) page to enable MWEB, peg funds in and out, and receive privately.

## Features for Litecoin

* [Litecoin MWEB](https://docs.cakewallet.com/features/privacy-and-security/litecoin-mweb) — send confidential Litecoin transactions using MimbleWimble Extension Blocks.
* [Coin control](https://docs.cakewallet.com/features/advanced/coin-control) — choose exactly which coins (UTXOs) you spend.