For most fiat currencies, the smallest unit is equal to 1/100th of the currency unit. For instance, the US dollar is divided into 100 cents, the Russian Ruble into 100 kopeks and the British Pound into 100 pence (even though it used to be 20 shillings or 240 pence). Cryptocurrencies, on the other hand, are designed to be split into much smaller units. For some crypto tokens, these smaller units have no specific name and people just talk about “0.0005 Dash” or something similar. But other cryptocurrencies do give names to their smallest unit. For Bitcoin, this unit is called a satoshi. For Litecoin, it is a Litoshi. If you’re wondering how many Litoshi make one Litecoin, you’ve come to the right place.
How many Litoshi make one Litecoin?
Considering the basic unit for most fiat currencies is 1/100th of the base unit, you might be tempted to think that a 100 Litoshi makes 1 Litecoin. But you would be way off.
By design, one bitcoin is divided into 100 million satoshis. Litecoin uses a similar system, so one Litecoin is equal to 100 million Litoshi. Another way of saying this is that one Litoshi is equal to 0.00000001 Litecoin.
Is there a Litoshi to Litecoin converter?
Not as a separate software or app per se, but the math is simple enough. Just multiply the amount of Litoshi you wish to convert times 0.00000001 (or divide it by 100,000,000).
For example, if you have 600,000 Litoshi and want to know how much that is in Litecoin, that would be 600,000 Litoshi × 0.00000001 LTC/Litoshi = 0.006 LTC.
Now that you know how many Litoshi make one Litecoin, you might want to know how to convert amounts of Litoshi to bitcoin or US Dollars. Read on…
How can I convert Litoshi to BTC?
If you own some Litoshi and would like to know how much they are worth in bitcoin, the calculation isn’t much harder than the one shown above. You would need to multiply the amount of Litoshi times 0.00000001 and then by the BTC/LTC exchange rate at the time. You can get this rate from a crypto exchange, or you can just google it.
Here is a live cryptocurrency converter you can use: (make sure to select BTC and LTC)
Let’s say you have three million Litoshi. The current BTC/LTC exchange rate is 0.0069. So your calculation would be 3,000,000 Litoshi × 0.00000001 LTC/Litoshi × 0.0069 BTC/LTC = 0.000207 bitcoin (or 20,700 satoshi).
What about converting Litoshi to USD?
While some people are content knowing how much their crypto tokens are worth in bitcoin, others prefer knowing their worth in fiat currencies like the Euro or the US Dollar. No problem.
The math here is very similar to what you did in the previous example. Only this time you will need the USD/LTC exchange rate. Like before, you can google it or use the converter above.
In this example, you own 1.6 million Litoshi. If the current exchange rate is 66.6 USD/LTC, then your calculation is 1,600,000 Litoshi × 0.00000001 LTC/Litoshi × 66.6 USD/LTC = 1.07 USD.
Just like in fiat currencies, some cryptocurrencies are divided into many smaller units. Unlike fiat currencies, crypto tokens don’t by default divide into 100 equal parts. A single Litecoin is divided into 100 million Litoshi. Knowing this, converting between Litoshi and Litecoin or other currencies, both crypto and fiat, is just a matter of some pretty simple math.
See Also: Cheapest cryptocurrency on the market