Litecoin Reaches Market Capitalization of $5.46 Billion (LTC)

Litecoin (LTC) traded up 2.5% against the dollar during the 1-day period ending at 15:00 PM ET on July 16th. One Litecoin coin can now be purchased for approximately $73.01 or 0.00112042 BTC on exchanges. Litecoin has a total market capitalization of $5.46 billion and approximately $409.25 million worth of Litecoin was traded on exchanges in the last 24 hours. During the last seven days, Litecoin has traded 11.1% higher against the dollar.

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

• Dogecoin (DOGE) traded 3.7% higher against the dollar and now trades at $0.13 or 0.00000193 BTC.
• UNUS SED LEO (LEO) traded 0.3% higher against the dollar and now trades at $5.86 or 0.00008994 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 20.6% lower against the dollar and now trades at $0.0794 or 0.00000122 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.

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 74,757,350 coins. 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. Litecoin’s official message board 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.”

Litecoin Coin Trading

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

LTC/USD price chart by TradingView