Litecoin (LTC) Market Capitalization Reaches $4.43 Billion

Litecoin (LTC) traded 15.1% lower against the U.S. dollar during the one day period ending at 7:00 AM ET on July 5th. One Litecoin coin can now be purchased for approximately $59.27 or 0.00107420 BTC on major exchanges. Litecoin has a total market cap of $4.43 billion and $702.13 million worth of Litecoin was traded on exchanges in the last 24 hours. Over the last seven days, Litecoin has traded 20.3% lower against the U.S. dollar.

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

• Dogecoin (DOGE) traded 11.1% lower against the dollar and now trades at $0.0992 or 0.00000180 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $5.69 or 0.00010303 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 14.9% higher against the dollar and now trades at $0.0925 or 0.00000168 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 (LTC) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its genesis date was October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 74,716,337 coins. Litecoin’s official message board is litecointalk.io. The Reddit community for Litecoin is https://reddit.com/r/litecoin and the currency’s Github account can be viewed here. Litecoin’s official website is litecoin.org. 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 acquire Litecoin using U.S. dollars directly can do so using GDAX, Coinbase or Gemini.

LTC/USD price chart by TradingView