Litecoin Market Capitalization Reaches $4.18 Billion (LTC)

Litecoin (LTC) traded down 3.6% against the U.S. dollar during the one day period ending at 21:00 PM ET on August 7th. One Litecoin coin can now be bought for about $55.89 or 0.00101119 BTC on exchanges. Litecoin has a total market capitalization of $4.18 billion and $364.00 million worth of Litecoin was traded on exchanges in the last 24 hours. In the last week, Litecoin has traded 21.1% lower against the U.S. dollar.

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

• Dogecoin (DOGE) traded 1.6% lower against the dollar and now trades at $0.0950 or 0.00000172 BTC.
• UNUS SED LEO (LEO) traded up 1.1% against the dollar and now trades at $5.78 or 0.00010449 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• MegaCoin (MEC) traded down 2.2% against the dollar and now trades at $4.30 or 0.00015776 BTC.
• Polymath (POLY) traded up 7.8% against the dollar and now trades at $0.12 or 0.00000221 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

Litecoin 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 74,836,912 coins. Litecoin’s official message board 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 US dollars directly can do so using Gemini, Changelly or Coinbase.

LTC/USD price chart by TradingView