Litecoin Reaches 24-Hour Trading Volume of $561.88 Million (LTC)

Litecoin (LTC) traded down 1.8% against the dollar during the 1-day period ending at 0:00 AM ET on June 24th. One Litecoin coin can now be purchased for about $70.58 or 0.00115261 BTC on exchanges. Litecoin has a market cap of $5.27 billion and $561.88 million worth of Litecoin was traded on exchanges in the last day. During the last week, Litecoin has traded 4% lower against the dollar.

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

• Dogecoin (DOGE) traded up 1.3% against the dollar and now trades at $0.12 or 0.00000200 BTC.
• UNUS SED LEO (LEO) traded 0.4% lower against the dollar and now trades at $5.76 or 0.00009415 BTC.
• NyanCoin (NYAN) traded down 2.2% 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 36.8% higher against the dollar and now trades at $0.11 or 0.00000185 BTC.
• DEI (DEI) traded 8.3% higher against the dollar and now trades at $0.0132 or 0.00000022 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.

Litecoin Coin Profile

Litecoin 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 74,679,206 coins. Litecoin’s official website is litecoin.org. The official message board for Litecoin is litecointalk.io. 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.

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

LTC/USD price chart by TradingView