Litecoin Price Down 6% This Week (LTC)

Litecoin (LTC) traded 3.9% higher against the U.S. dollar during the 24 hour period ending at 23:00 PM ET on November 5th. Litecoin has a total market cap of $5.18 billion and $439.63 million worth of Litecoin was traded on exchanges in the last 24 hours. During the last week, Litecoin has traded down 6% against the U.S. dollar. One Litecoin coin can currently be bought for about $68.93 or 0.00092760 BTC on cryptocurrency exchanges.

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

• Dogecoin (DOGE) traded up 30.4% against the dollar and now trades at $0.21 or 0.00000285 BTC.
• UNUS SED LEO (LEO) traded down 0% against the dollar and now trades at $6.05 or 0.00008139 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 up 9.4% against the dollar and now trades at $0.0559 or 0.00000075 BTC.
• Lotto (LOTTO) traded down 2.1% 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 (CRYPTO: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 75,163,081 coins. The Reddit community for Litecoin is https://reddit.com/r/litecoin and the currency’s Github account can be viewed here. The official message board for Litecoin is litecointalk.io. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible here. The official website for Litecoin is litecoin.org.

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 U.S. dollars directly can do so using Coinbase, Gemini or GDAX.

LTC/USD price chart by TradingView