Litecoin Hits Market Capitalization of $7.80 Billion (LTC)

Litecoin (LTC) traded down 3.8% against the dollar during the twenty-four hour period ending at 10:00 AM Eastern on February 6th. Litecoin has a total market cap of $7.80 billion and approximately $828.34 million worth of Litecoin was traded on exchanges in the last 24 hours. In the last seven days, Litecoin has traded down 21.5% against the dollar. One Litecoin coin can currently be bought for $103.34 or 0.00105677 BTC on popular exchanges.

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

• Dogecoin (DOGE) traded 3.8% lower against the dollar and now trades at $0.25 or 0.00000260 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $9.80 or 0.00010025 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Polymath (POLY) traded 0.6% higher against the dollar and now trades at $0.22 or 0.00000229 BTC.
• MegaCoin (MEC) traded down 2.2% against the dollar and now trades at $4.30 or 0.00015776 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• DEI (DEI) traded 2.5% lower against the dollar and now trades at $0.0129 or 0.00000020 BTC.

About Litecoin

Litecoin (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 75,502,887 coins. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible here. The official message board for Litecoin is litecointalk.io. 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 Changelly.

LTC/USD price chart by TradingView