Litecoin (LTC) Reaches Market Cap of $5.20 Billion

Litecoin (LTC) traded down 3.3% against the dollar during the 24-hour period ending at 21:00 PM Eastern on October 31st. Over the last seven days, Litecoin has traded 2.7% lower against the dollar. One Litecoin coin can now be bought for approximately $69.19 or 0.00099033 BTC on popular exchanges. Litecoin has a market capitalization of $5.20 billion and approximately $302.07 million worth of Litecoin was traded on exchanges in the last 24 hours.

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

• Dogecoin (DOGE) traded down 4.9% against the dollar and now trades at $0.16 or 0.00000231 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $6.05 or 0.00008662 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 down 27.9% against the dollar and now trades at $0.0467 or 0.00000067 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.

Litecoin Profile

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 75,144,787 coins. Litecoin’s official message board is litecointalk.io. The Reddit community for Litecoin is https://reddit.com/r/litecoin and the currency’s Github account can be viewed here. Litecoin’s official website is litecoin.org. 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 Changelly, Gemini or GDAX.

LTC/USD price chart by TradingView