Litecoin (LTC) One Day Trading Volume Hits $267.63 Million

Litecoin (LTC) traded 0.9% higher against the US dollar during the 24-hour period ending at 14:00 PM E.T. on August 22nd. One Litecoin coin can now be bought for about $63.22 or 0.00104704 BTC on cryptocurrency exchanges. Litecoin has a market cap of $4.73 billion and approximately $267.63 million worth of Litecoin was traded on exchanges in the last day. In the last week, Litecoin has traded down 4.7% against the US dollar.

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

• Dogecoin (DOGE) traded up 0.6% against the dollar and now trades at $0.11 or 0.00000175 BTC.
• UNUS SED LEO (LEO) traded 3.5% lower against the dollar and now trades at $5.83 or 0.00009657 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 3.5% against the dollar and now trades at $0.0950 or 0.00000157 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 Coin Profile

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 74,891,106 coins. 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. The official website for Litecoin is litecoin.org. 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 Coinbase, GDAX or Changelly.

LTC/USD price chart by TradingView