Litecoin (LTC) Hits Market Cap of $5.02 Billion

Litecoin (LTC) traded up 3.4% against the U.S. dollar during the twenty-four hour period ending at 23:00 PM ET on July 10th. In the last seven days, Litecoin has traded 4.7% lower against the U.S. dollar. One Litecoin coin can now be purchased for $67.20 or 0.00116109 BTC on popular exchanges. Litecoin has a market capitalization of $5.02 billion and approximately $238.21 million worth of Litecoin was traded on exchanges in the last day.

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

• Dogecoin (DOGE) traded 1.1% higher against the dollar and now trades at $0.11 or 0.00000187 BTC.
• UNUS SED LEO (LEO) traded down 2.4% against the dollar and now trades at $5.71 or 0.00009869 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 down 11% against the dollar and now trades at $0.0818 or 0.00000141 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.

Litecoin Profile

Litecoin (LTC) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its launch date was October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 74,736,344 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.”

Buying and Selling Litecoin

Investors seeking to acquire Litecoin using U.S. dollars directly can do so using Coinbase, Changelly or GDAX.

LTC/USD price chart by TradingView