Lantern Finance just announced support for Litecoin, and they’re currently the only U.S. company offering USD loans backed by LTC.
On March 3, 2025, they rolled out cash loans against your Litecoin. No selling needed. Just send your coins to cold storage as collateral and get cash in hand. It might be a smart move if you’re set on holding LTC for the long haul.
They’ve partnered with BitGo to store your coins in cold storage while the loan’s active, and they don’t lend out your collateral. It sits untouched in a Litecoin address you can check yourself, giving you peace of mind.
The CEO Jung Won Kim was recently on the Litecoin 84 Million podcast. Watch here:
Fresh off a pre-seed round that brought in over $1 million last month, they’re clearly building something big. Adding Litecoin to their existing Bitcoin, Ethereum, and Solana collateral-backed loans shows LTC is getting back into the spotlight.
To balance risk for both sides, Lantern offers over-collateralized loans at 25% of your Litecoin’s value. Want $10,000? You’d deposit $40,000 in LTC and get cash wired to your bank or sent as a USD stablecoin.
The interest rate’s 13% over 12 months, with a 2% upfront fee. With the special discount code LOOKINTOLITECOIN, you can save 0.5%, dropping it to 1.5%.
You’ll make interest-only payments monthly, with a year to pay off the principal. Settle early if you like, no penalty, or refinance if you need breathing room. No credit checks, just your LTC and BitGo’s security.
Selling LTC can mean a tax hit if you’re up. Borrowing skips that, usually tax-free, though Lantern suggests checking with your accountant. Use it to purchase more Litecoin on a dip, pay off credit card debt, or put a down payment on a car or house. Up to you.
A quick heads up, borrowing with a 13% interest rate isn’t cheap, and Litecoin’s price can swing hard, as we all know. If it tanks, you might have to post more LTC as collateral or face the loan being closed, with your collateral used to pay it off. Same as any loan, weigh the risks before jumping in.
With $250 million in insurance through BitGo, Lantern’s got your back. Got LTC sitting around? Hit lantern.finance, punch in their loan calculator to see your 25% LTV, and use LOOKINTOLITECOIN at signup for the discount. It’s live now. Worth a peek if your even considering it.
Lantern wrote a post about it, “We Now Accept Litecoin (LTC) as Collateral for Crypto-Backed Loans.” Check it out here: lantern.finance/blog/we-now-accept-litecoin-ltc-as-collateral-for-crypto-backed-loans.
It’s easy to get started, simply sign up on the site and it lets you start an application right away, you can select either personal or business accounts and can submit an application in a matter of minutes.
below are the loan application steps:
One last thing, this isn’t financial advice, just information. Loans come with risks like price drops, fees, and terms that can shift, so do your homework and talk to a pro before making moves. If Litecoin moons and you’re tempted to take a loan, use extreme caution, as the price could crash hard.
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