Litecoin Market Cap Reaches $6.06 Billion (LTC)

Litecoin (LTC) traded up 0.2% against the U.S. dollar during the 24 hour period ending at 21:00 PM ET on May 5th. Litecoin has a market capitalization of $6.06 billion and approximately $266.65 million worth of Litecoin was traded on exchanges in the last day. One Litecoin coin can currently be bought for approximately $81.39 or 0.00126763 BTC on major exchanges. During the last seven days, Litecoin has traded down 3.7% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last day:

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

About Litecoin

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 74,498,206 coins. 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. The official website for Litecoin is litecoin.org. Litecoin’s official message board is litecointalk.io.

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 US dollars directly can do so using Gemini, Changelly or Coinbase.

LTC/USD price chart by TradingView