Best Litecoin Transaction Trackers

Litecoin is a cryptocurrency that utilizes blockchain technology to secure transactions and provide transparency. The blockchain records all details of a Litecoin transaction including the source and destination wallet address, the amount of Litecoin transferred, and the date and time of the transaction. However, the data stored on the blockchain is not easy to read for a human. For that, you need to convert the data of a blockchain into a human-readable format. 

The service that can help decipher the details of a transaction recorded on a blockchain is called a blockchain analystor, or a blockchain explorer. Since the way each blockchain stores information differs, you might have to use specific tools for different blockchains. In this article, we will explore some of the best Litecoin transaction trackers. Using these services, you can track Litecoin transactions with ease. 

Why Track Litecoin Transactions?

Litecoin is one of the most popular cryptocurrencies in the world. It is traded on both centralized and decentralized exchanges, and it is transacted peer-to-peer between users, without a centralized third party to verify if the transaction has been done or not. But when it comes to Litecoin and cryptocurrencies, you can check if the transaction has gone through by analyzing the blockchain data, or by using a tracking tool. The same method is also used by federal agencies and other investigative agencies to track illegal transactions such as money laundering, and ransom. 

By using the tracking services, you can look up the balance in various wallet addresses that you own from a single window. This comes in handy when you are filing your income and capital gains tax. By looking up the transaction history, you can also calculate your profit/loss on your capital. 

What do You Need to Track a Litecoin Transaction?

As the blockchain technology is designed to be transparent, anyone can see the transaction details recorded in the Litecoin blockchain. The tools that are capable of analyzing these data recorded can help you track a transaction. All you need is to know what transactions you are looking to track. For example, you can enter an address into the blockchain analyzing tool, to see the address’s transaction history, or you can enter the hash value to see the transactions stored in the corresponding hash, or even enter a block height, to see the transactions that happened at the specific block. 

10 Top Litecoin Transaction Tracker 

Here are some of the most popular Litecoin transaction trackers available today. Many of these tools also let you track the transactions on other blockchain networks as well. 

How to Use a Litecoin Blockchain Explorer 

Using Litecoin blockchain explorers is a real breeze. You can use them to track the transaction, even if you do not have superior technical knowledge. Here is a step-by-step guide for using Litecoin blockchain explorers: 

• Step 1: Choose a blockchain explorer from the above list. 
• Step 2: Usually, the blockchain explorer tolls support multiple blockchains. Choose Litecoin from the list provided. 
• Step 3: On the page loaded, you will see a search bar typically on the top portion of the page. 
• Step 4: You can type or paste the wallet address, hash value, or block height to track that specific transaction(s). 

Blockchain explorer services are usually offered for free. However, the services may require a subscription fee if you need advanced features such as prolonged tracking of a specific address. However, you may bump into ads from time to time while using Litecoin blockchain explorers. 

What Details of a Litecoin Transaction Can Be Tracked?

The specific details you get about the Litecoin transaction can vary according to the service you choose. However, most blockchain explores can track: 

1. Transaction history 
2. Amount received 
3. Amount sent 
4. Date of transaction 
5. Time of transaction 

The blockchain explorers alone cannot reveal the true identity behind the transactions, but only the wallet addresses. However, it is not impossible to track the real identity of the person involved in the transaction by detailed analysis and tracking. 

Bottom Line

Litecoin transactions can be tracked by using blockchain explorers. These tools are capable of analyzing the data stored on a blockchain and presenting it in a readable format. You can use this information to explore the wallet balance and the history of transactions. The top Litecoin transaction trackers include Block Explorer, Litecoin Explorer, CryptoID, Litecoin, Explorer, Bitquery Explorer, Tokenview, OKLink, CoinTracker, BlockCypher, and Litecoin MWEB.