Litecoin

Litecoin

Litecoin can be accessed with the following coin types:

Environment	Coin Type	Faucet
Litecoin Production	ltc
Litecoin Testnet	tltc	http://testnet.litecointools.com/

Explorer

https://litecoinspace.org/

Dust Threshold

A dust threshold is the minimum amount of Litecoin that you can create in a single output. Litecoin has a dust threshold of 5460 microlitecoins.

Generating wallets

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bitgo
  .coin('tltc')
  .wallets()
  .generateWallet({
    label: 'My Test Wallet',
    passphrase: 'secretpassphrase1a5df8380e0e30',
  })
  .then(function (wallet) {
    // print the new wallet
    console.dir(wallet);
  });

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LABEL="My Test Wallet"
PASSPHRASE="secretpassphrase1a5df8380e0e30"

curl -X POST \
-H "Content-Type: application/json" \
-H "Authorization: Bearer $ACCESS_TOKEN" \
-d "{ \"label\": \"$LABEL\", \"passphrase\": \"$PASSPHRASE\" }" \
http://$BITGO_EXPRESS_HOST:3080/api/v2/tltc/wallet/generate

For Litecoin, BitGo uses the same 2-of-3 multisig P2SH scheme as for Bitcoin, with the keys in the order of User, Backup and BitGo respectively.

Creating addresses

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bitgo
  .coin('tltc')
  .wallets()
  .getWallet({ id: '585c51a5df8380e0e3082e46' })
  .then(function (wallet) {
    return wallet.createAddress();
  })
  .then(function (newAddress) {
    // print new address details
    console.dir(newAddress);
  });

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WALLET=585c51a5df8380e0e3082e46

curl -X POST \
-H "Authorization: Bearer $ACCESS_TOKEN" \
https://app.bitgo-test.com/api/v2/tltc/wallet/$WALLET/address

To view all supported address types and chain codes, see Address Types. Litecoin defaults to chain code 0.

Converting addresses

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bitgo.coin('ltc').canonicalAddress('3GBygsGPvTdfKMbq4AKZZRu1sPMWPEsBfd', 2);
// MNQ7zkgMsaV67rsjA3JuP59RC5wxRXpwgE

bitgo.coin('ltc').canonicalAddress('3GBygsGPvTdfKMbq4AKZZRu1sPMWPEsBfd', 1);
bitgo.coin('ltc').canonicalAddress('MNQ7zkgMsaV67rsjA3JuP59RC5wxRXpwgE', 1);
// 3GBygsGPvTdfKMbq4AKZZRu1sPMWPEsBfd

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curl -X POST \
-H "Content-Type: application/json" \
-d "{ \"address\": \"3GBygsGPvTdfKMbq4AKZZRu1sPMWPEsBfd\", \"scriptHashVersion\": 2 }" \
http://$BITGO_EXPRESS_HOST:3080/api/v2/ltc/canonicaladdress
# MNQ7zkgMsaV67rsjA3JuP59RC5wxRXpwgE

Litecoin used to support the same P2SH address format as Bitcoin, but switched to other version identifiers. This is why some Litecoin addresses start with 3 and some with M. Both addresses are the same.

For incoming transactions, BitGo converts each address that start with 3 to one that starts with M. For outgoing transactions, BitGo only accepts the new address format.

In testnet, the new P2SH addresses start with Q, so the corresponding conversion could be between 2MsFGJvxH1kCoRp3XEYvKduAjY6eYz9PJHz and QLc2RwpX2rFtZzoZrexLibcAgV6Nsg74Jn.

Method

bitgo.coin('ltc').canonicalAddress(address, scriptHashVersion)

bitgo.coin('tltc').canonicalAddress(address, scriptHashVersion)

HTTP Request

POST /api/v2/:coin/canonicaladdress

Function Arguments

Parameter	Type	Required	Description
address	String	Yes	The address string to convert
scriptHashVersion	Integer	No	1 for old address format, 2 for new. Defaults to 2.

Balances

Litecoin (LTC) is the native asset of the Litecoin blockchain. The base unit of Litecoin is microlitecoin:

• 1 microlitecoin is (10-8) or 0.00000001 Litecoin.
• 1 Litecoin is (108) or 100000000 microlitecoins (100 million).

Balances are supported in string and number format but string is recommended to ensure values do not exceed the programmable number limit: balanceString, confirmedBalanceString, and spendableBalanceString.