Litecoin (LTC) Market Capitalization Achieves $5.22 Billion

Litecoin (LTC) traded 4.5% higher against the US dollar during the 24-hour period ending at 11:00 AM E.T. on November 6th. During the last seven days, Litecoin has traded down 3.8% against the US dollar. Litecoin has a market cap of $5.22 billion and approximately $589.54 million worth of Litecoin was traded on exchanges in the last 24 hours. One Litecoin coin can now be purchased for about $69.48 or 0.00093514 BTC on major cryptocurrency exchanges.

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

• Dogecoin (DOGE) traded up 8.4% against the dollar and now trades at $0.19 or 0.00000257 BTC.
• UNUS SED LEO (LEO) traded 1% higher against the dollar and now trades at $6.11 or 0.00008228 BTC.
• NyanCoin (NYAN) traded down 2.2% 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 26.2% higher against the dollar and now trades at $0.0580 or 0.00000078 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.

About Litecoin

Litecoin 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 75,165,081 coins. The official website for Litecoin is litecoin.org. 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. 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.”

Buying and Selling Litecoin

Investors seeking to acquire Litecoin using U.S. dollars directly can do so using GDAX, Gemini or Coinbase.

LTC/USD price chart by TradingView