Litecoin (LTC) Hits Market Capitalization of $4.71 Billion

Litecoin (LTC) traded 0.8% lower against the US dollar during the 1-day period ending at 14:00 PM ET on August 30th. During the last week, Litecoin has traded down 3.7% against the US dollar. One Litecoin coin can currently be purchased for $62.82 or 0.00107015 BTC on cryptocurrency exchanges. Litecoin has a total market capitalization of $4.71 billion and $371.92 million worth of Litecoin was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed during the last day:

• Dogecoin (DOGE) traded 1.6% lower against the dollar and now trades at $0.0993 or 0.00000169 BTC.
• UNUS SED LEO (LEO) traded down 0.8% against the dollar and now trades at $5.79 or 0.00009864 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.
• Polymath (POLY) traded up 17.6% against the dollar and now trades at $0.0901 or 0.00000154 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• DEI (DEI) traded down 2.5% against the dollar and now trades at $0.0129 or 0.00000020 BTC.

About 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 74,919,006 coins. The official message board for Litecoin is litecointalk.io. The official website for Litecoin is litecoin.org. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible here. The Reddit community for Litecoin is https://reddit.com/r/litecoin and the currency’s Github account can be viewed 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.”

Buying and Selling Litecoin

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

LTC/USD price chart by TradingView