Litecoin (LTC) Market Cap Reaches $6.09 Billion

Litecoin (LTC) traded up 0.2% against the dollar during the one day period ending at 10:00 AM ET on May 7th. Litecoin has a market capitalization of $6.09 billion and approximately $315.19 million worth of Litecoin was traded on exchanges in the last 24 hours. One Litecoin coin can currently be bought for $81.69 or 0.00129177 BTC on major exchanges. Over the last week, Litecoin has traded up 3.7% against the dollar.

Here is how similar cryptocurrencies have performed over the last 24 hours:

• Dogecoin (DOGE) traded down 2.5% against the dollar and now trades at $0.16 or 0.00000246 BTC.
• UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $5.79 or 0.00009163 BTC.
• NyanCoin (NYAN) traded down 2.2% 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.
• DEI (DEI) traded 3.6% lower against the dollar and now trades at $0.0185 or 0.00000029 BTC.
• Polymath (POLY) traded down 13.7% against the dollar and now trades at $0.0803 or 0.00000127 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• EAC (EAC) traded flat against the dollar and now trades at $0.0011 or 0.00000004 BTC.

Litecoin Coin 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 74,504,194 coins. The official website for Litecoin is litecoin.org. The official message board for Litecoin is litecointalk.io. 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.

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 Coinbase, GDAX or Changelly.

LTC/USD price chart by TradingView