Litecoin Price Tops $62.94 on Exchanges (LTC)

Litecoin (LTC) traded 6.5% lower against the US dollar during the one day period ending at 17:00 PM ET on October 1st. In the last week, Litecoin has traded down 5.2% against the US dollar. Litecoin has a market capitalization of $4.72 billion and approximately $390.66 million worth of Litecoin was traded on exchanges in the last 24 hours. One Litecoin coin can currently be purchased for $62.94 or 0.00103604 BTC on popular exchanges.

Here is how related cryptocurrencies have performed in the last 24 hours:

• Dogecoin (DOGE) traded down 10.2% against the dollar and now trades at $0.11 or 0.00000175 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.95 or 0.00009795 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 8% higher against the dollar and now trades at $0.0666 or 0.00000110 BTC.
• Lotto (LOTTO) traded down 2.1% 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 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 75,035,593 coins. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible here. The Reddit community for Litecoin is https://reddit.com/r/litecoin and the currency’s Github account can be viewed here. The official website for Litecoin is litecoin.org. 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 acquire Litecoin using US dollars directly can do so using Gemini, Coinbase or Changelly.

LTC/USD price chart by TradingView