Litecoin Trading 3.8% Lower Over Last Week (LTC)

Litecoin (LTC) traded down 2.3% against the US dollar during the 24 hour period ending at 11:00 AM ET on August 27th. During the last week, Litecoin has traded down 3.8% against the US dollar. One Litecoin coin can currently be purchased for approximately $62.78 or 0.00101103 BTC on major cryptocurrency exchanges. Litecoin has a market capitalization of $4.70 billion and $240.49 million worth of Litecoin was traded on exchanges in the last day.

Here is how related cryptocurrencies have performed during the last day:

• Dogecoin (DOGE) traded down 2.1% against the dollar and now trades at $0.10 or 0.00000169 BTC.
• UNUS SED LEO (LEO) traded down 0.4% against the dollar and now trades at $5.86 or 0.00009437 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 11.9% lower against the dollar and now trades at $0.0955 or 0.00000154 BTC.
• Lotto (LOTTO) traded 2.1% lower 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.

About Litecoin

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 74,908,556 coins. The official website for Litecoin is litecoin.org. The Reddit community for Litecoin is https://reddit.com/r/litecoin and the currency’s Github account can be viewed here. The official message board for Litecoin is litecointalk.io. 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 trade Litecoin using US dollars directly can do so using Changelly, GDAX or Gemini.

LTC/USD price chart by TradingView