Litecoin (LTC) Reaches Market Capitalization of $5.95 Billion

Litecoin (LTC) traded up 1.9% against the dollar during the 1-day period ending at 21:00 PM Eastern on April 16th. Litecoin has a total market cap of $5.95 billion and $501.15 million worth of Litecoin was traded on exchanges in the last day. One Litecoin coin can now be bought for $79.89 or 0.00124905 BTC on major exchanges. In the last week, Litecoin has traded 17.6% lower against the dollar.

Here is how other cryptocurrencies have performed in the last day:

• Dogecoin (DOGE) traded 3.7% lower against the dollar and now trades at $0.16 or 0.00000243 BTC.
• UNUS SED LEO (LEO) traded down 0.8% against the dollar and now trades at $5.86 or 0.00009161 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.
• DEI (DEI) traded 3.1% higher against the dollar and now trades at $0.0171 or 0.00000027 BTC.
• Polymath (POLY) traded down 23.4% against the dollar and now trades at $0.0829 or 0.00000130 BTC.
• Lotto (LOTTO) traded 2.1% lower 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.

Litecoin Profile

Litecoin (LTC) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its launch date was October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 74,430,637 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 message board is litecointalk.io. The official website for Litecoin 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.”

Litecoin Coin Trading

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

LTC/USD price chart by TradingView