Litecoin 24 Hour Trading Volume Hits $7.20 Billion (LTC)

Litecoin (LTC) traded 4.2% lower against the dollar during the 1 day period ending at 10:00 AM Eastern on August 3rd. One Litecoin coin can currently be bought for about $66.13 or 0.00106771 BTC on cryptocurrency exchanges. Litecoin has a total market cap of $4.95 billion and approximately $7.20 billion worth of Litecoin was traded on exchanges in the last day. In the last week, Litecoin has traded 8.2% lower against the dollar.

Here’s how related cryptocurrencies have performed in the last day:

• Dogecoin (DOGE) traded down 4.3% against the dollar and now trades at $0.11 or 0.00000183 BTC.
• UNUS SED LEO (LEO) traded 3.8% lower against the dollar and now trades at $5.67 or 0.00009149 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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 down 7% against the dollar and now trades at $0.0761 or 0.00000123 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• DEI (DEI) traded 2.5% lower against the dollar and now trades at $0.0129 or 0.00000020 BTC.

Litecoin Profile

Litecoin (CRYPTO:LTC) 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 74,820,831 coins. Litecoin’s official message board is litecointalk.io. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible here. Litecoin’s official website is litecoin.org. The Reddit community for Litecoin is https://reddit.com/r/litecoin and the currency’s Github account can be viewed 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, Coinbase or Gemini.

LTC/USD price chart by TradingView