Litecoin

Litecoin

Litecoin can be accessed with the following coin types:

Environment	Coin Type	Faucet
Litecoin Production	ltc
Litecoin Testnet	tltc	https://tltc.bitaps.com/

Explorer

https://mempool.space/ltc

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

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

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/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

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

WALLET=585c51a5df8380e0e3082e46

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

Converting addresses

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

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

curl -X POST \
-H "Content-Type: application/json" \
-d "{ \"address\": \"3GBygsGPvTdfKMbq4AKZZRu1sPMWPEsBfd\", \"scriptHashVersion\": 2 }" \
http://$BITGO_EXPRESS_HOST/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.

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).

BitGo supports balances in string and number format but recommends string to ensure values do not exceed the programmable number limit: balanceString, confirmedBalanceString, and spendableBalanceString.