Litecoin Achieves Market Cap of $4.86 Billion (LTC)

Litecoin (LTC) traded 1.7% lower against the U.S. dollar during the 1-day period ending at 9:00 AM E.T. on August 4th. Litecoin has a total market cap of $4.86 billion and approximately $271.92 million worth of Litecoin was traded on exchanges in the last day. In the last week, Litecoin has traded down 9.3% against the U.S. dollar. One Litecoin coin can now be bought for approximately $64.95 or 0.00106496 BTC on major exchanges.

Here is how similar cryptocurrencies have performed in the last day:

• Dogecoin (DOGE) traded 4.8% lower against the dollar and now trades at $0.11 or 0.00000177 BTC.
• UNUS SED LEO (LEO) traded 1.5% higher against the dollar and now trades at $5.75 or 0.00009423 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 up 28.7% against the dollar and now trades at $0.0974 or 0.00000160 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• DEI (DEI) traded down 2.5% against the dollar and now trades at $0.0129 or 0.00000020 BTC.

About 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 74,824,062 coins. The official website for Litecoin is litecoin.org. Litecoin’s official message board 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 Changelly, Gemini or GDAX.

LTC/USD price chart by TradingView