Litecoin Market Capitalization Tops $6.03 Billion (LTC)

Litecoin (LTC) traded down 1.8% against the US dollar during the 1 day period ending at 8:00 AM Eastern on May 5th. Over the last week, Litecoin has traded down 3.7% against the US dollar. One Litecoin coin can currently be purchased for approximately $80.94 or 0.00126986 BTC on cryptocurrency exchanges. Litecoin has a market cap of $6.03 billion and approximately $251.14 million worth of Litecoin was traded on exchanges in the last 24 hours.

Here’s how other cryptocurrencies have performed over the last 24 hours:

• Dogecoin (DOGE) traded 0.6% higher against the dollar and now trades at $0.16 or 0.00000252 BTC.
• UNUS SED LEO (LEO) traded down 1.5% against the dollar and now trades at $5.77 or 0.00009055 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• MegaCoin (MEC) traded 2.2% lower against the dollar and now trades at $4.30 or 0.00015776 BTC.
• DEI (DEI) traded down 1.6% against the dollar and now trades at $0.0183 or 0.00000029 BTC.
• Polymath (POLY) traded up 1.8% against the dollar and now trades at $0.0964 or 0.00000151 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• EAC (EAC) traded flat against the dollar and now trades at $0.0011 or 0.00000004 BTC.

Litecoin Profile

Litecoin (LTC) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It was first traded on October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 74,496,181 coins. Litecoin’s official message board is litecointalk.io. The official website for Litecoin is litecoin.org. The Reddit community for Litecoin is https://reddit.com/r/litecoin and the currency’s Github account can be viewed here. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible here.

According to CryptoCompare, “Litecoin (LTC) is a digital currency designed for fast, low-cost payments over the internet. Created by Charlie Lee in 2011 as an alternative to Bitcoin, it offers improved transaction times and a higher maximum supply, using a different algorithm (scrypt) for mining. Litecoin facilitates peer-to-peer transactions without a central authority, making it suitable for a wide range of financial activities, from everyday purchases to trading and investment. Its creation by a former Google engineer aimed to address and improve upon some of Bitcoin’s limitations, establishing Litecoin as a practical complement to Bitcoin in the digital currency ecosystem.”

Litecoin Coin Trading

Investors seeking to trade Litecoin using U.S. dollars directly can do so using Coinbase, Gemini or Changelly.

LTC/USD price chart by TradingView