Litecoin Trading 4.1% Lower Over Last Week (LTC)

Litecoin (LTC) traded down 0.4% against the U.S. dollar during the 24-hour period ending at 21:00 PM ET on May 6th. One Litecoin coin can currently be bought for approximately $80.97 or 0.00127477 BTC on major exchanges. Litecoin has a total market capitalization of $6.03 billion and approximately $400.33 million worth of Litecoin was traded on exchanges in the last day. In the last week, Litecoin has traded down 4.1% against the U.S. dollar.

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

• Dogecoin (DOGE) traded down 3.3% against the dollar and now trades at $0.16 or 0.00000247 BTC.
• UNUS SED LEO (LEO) traded 0.3% lower against the dollar and now trades at $5.82 or 0.00009157 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.
• DEI (DEI) traded down 1.6% against the dollar and now trades at $0.0189 or 0.00000030 BTC.
• Polymath (POLY) traded 10.6% lower against the dollar and now trades at $0.0825 or 0.00000130 BTC.
• Lotto (LOTTO) traded down 2.1% 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.

About Litecoin

Litecoin (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 74,501,944 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 Twitter account is @litecoin and its Facebook page is accessible here. 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 trade Litecoin using U.S. dollars directly can do so using Coinbase, GDAX or Gemini.

LTC/USD price chart by TradingView