Litecoin Trading Down 3.7% Over Last 7 Days (LTC)

Litecoin (LTC) traded up 0.2% against the dollar during the 1-day period ending at 21:00 PM E.T. on May 5th. In the last seven days, Litecoin has traded 3.7% lower against the dollar. One Litecoin coin can now be bought for about $81.39 or 0.00126763 BTC on cryptocurrency exchanges. Litecoin has a total market capitalization of $6.06 billion and approximately $266.65 million worth of Litecoin was traded on exchanges in the last day.

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

• Dogecoin (DOGE) traded 1.2% higher against the dollar and now trades at $0.16 or 0.00000253 BTC.
• UNUS SED LEO (LEO) traded 0% higher against the dollar and now trades at $5.83 or 0.00009076 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.
• DEI (DEI) traded 3.4% higher against the dollar and now trades at $0.0192 or 0.00000030 BTC.
• Polymath (POLY) traded down 5.3% against the dollar and now trades at $0.0903 or 0.00000141 BTC.
• Lotto (LOTTO) traded 2.1% lower 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 Coin Profile

LTC is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It launched on October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 74,498,206 coins. The official message board for Litecoin is litecointalk.io. Litecoin’s official website 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.”

Buying and Selling Litecoin

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

LTC/USD price chart by TradingView