Litecoin (LTC) Hits Market Capitalization of $3.48 Billion

Litecoin (LTC) traded up 1% against the US dollar during the 24 hour period ending at 10:00 AM ET on July 11th. Over the last week, Litecoin has traded 1% higher against the US dollar. One Litecoin coin can now be bought for $44.98 or 0.00070093 BTC on cryptocurrency exchanges. Litecoin has a market cap of $3.48 billion and approximately $156.87 million worth of Litecoin was traded on exchanges in the last day.

Here’s how other cryptocurrencies have performed over the last day:

• Dogecoin (DOGE) traded up 1% against the dollar and now trades at $0.0748 or 0.00000116 BTC.
• UNUS SED LEO (LEO) traded 1.2% higher against the dollar and now trades at $9.50 or 0.00014800 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 447.9% higher against the dollar and now trades at $0.0772 or 0.00000120 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.

Litecoin Profile

LTC is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its genesis date was October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 77,375,491 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. Litecoin’s official website 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.”

Litecoin Coin Trading

Investors seeking to acquire Litecoin using U.S. dollars directly can do so using Changelly, Coinbase or GDAX.

LTC/USD price chart by TradingView