Litecoin Market Cap Hits $4.93 Billion (LTC)

Litecoin (LTC) traded 1.6% higher against the US dollar during the 24 hour period ending at 20:00 PM ET on October 8th. Litecoin has a total market cap of $4.93 billion and $235.18 million worth of Litecoin was traded on exchanges in the last 24 hours. Over the last seven days, Litecoin has traded 3.7% higher against the US dollar. One Litecoin coin can currently be bought for approximately $65.68 or 0.00105777 BTC on major exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

• Dogecoin (DOGE) traded 2.3% lower against the dollar and now trades at $0.11 or 0.00000172 BTC.
• UNUS SED LEO (LEO) traded up 1.1% against the dollar and now trades at $5.99 or 0.00009643 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 34.9% against the dollar and now trades at $0.0773 or 0.00000124 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• DEI (DEI) traded down 2.5% against the dollar and now trades at $0.0129 or 0.00000020 BTC.

Litecoin Coin Profile

Litecoin (CRYPTO:LTC) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It was first traded on October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 75,061,568 coins. The official website for Litecoin 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. The official message board for Litecoin 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.”

Buying and Selling Litecoin

Investors seeking to trade Litecoin using US dollars directly can do so using GDAX, Changelly or Coinbase.

LTC/USD price chart by TradingView