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

Litecoin (LTC) traded up 0.8% against the U.S. dollar during the 24-hour period ending at 16:00 PM Eastern on April 16th. In the last week, Litecoin has traded down 19.9% against the U.S. dollar. One Litecoin coin can currently be purchased for about $78.86 or 0.00125704 BTC on major exchanges. Litecoin has a total market capitalization of $5.87 billion and approximately $502.24 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 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 2.4% higher 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

Litecoin (CRYPTO: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 74,429,225 coins. 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. The official message board for Litecoin is litecointalk.io. Litecoin’s official website is litecoin.org.

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 Coinbase, GDAX or Gemini.

LTC/USD price chart by TradingView