Litecoin (LTC) Market Capitalization Hits $5.65 Billion

Litecoin (LTC) traded 2.5% higher against the dollar during the 1-day period ending at 18:00 PM E.T. on October 19th. Litecoin has a market capitalization of $5.65 billion and approximately $282.32 million worth of Litecoin was traded on exchanges in the last day. In the last week, Litecoin has traded 13.5% higher against the dollar. One Litecoin coin can currently be bought for $75.19 or 0.00110126 BTC on exchanges.

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

• Dogecoin (DOGE) traded up 2.5% against the dollar and now trades at $0.14 or 0.00000208 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $6.10 or 0.00008936 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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 22.7% lower against the dollar and now trades at $0.0588 or 0.00000086 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• DEI (DEI) traded 2.5% lower against the dollar and now trades at $0.0129 or 0.00000020 BTC.

About Litecoin

Litecoin (LTC) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its launch date was October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 75,101,681 coins. Litecoin’s official website is litecoin.org. Litecoin’s official message board is litecointalk.io. 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.”

Litecoin Coin Trading

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

LTC/USD price chart by TradingView