Litecoin (LTC) Trading 19.9% Lower Over Last 7 Days

Litecoin (LTC) traded up 0.8% against the dollar during the twenty-four hour period ending at 16:00 PM ET on April 16th. One Litecoin coin can now be purchased for approximately $78.86 or 0.00125704 BTC on cryptocurrency exchanges. Litecoin has a total market cap of $5.87 billion and approximately $502.24 million worth of Litecoin was traded on exchanges in the last 24 hours. In the last seven days, Litecoin has traded 19.9% lower against the dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Dogecoin (DOGE) traded down 4% against the dollar and now trades at $0.15 or 0.00000244 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $5.89 or 0.00009386 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.
• DEI (DEI) traded up 2.5% against the dollar and now trades at $0.0170 or 0.00000027 BTC.
• Polymath (POLY) traded up 2.4% against the dollar and now trades at $0.10 or 0.00000164 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.

Litecoin Coin Profile

LTC 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 74,429,225 coins. Litecoin’s official message board is litecointalk.io. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible here. The official website for Litecoin is litecoin.org. 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.”

Buying and Selling Litecoin

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

LTC/USD price chart by TradingView