Litecoin Hits Market Cap of $4.14 Billion (LTC)

Litecoin (LTC) traded 1.8% higher against the U.S. dollar during the 24-hour period ending at 9:00 AM ET on August 24th. One Litecoin coin can currently be bought for $53.43 or 0.00067619 BTC on major exchanges. Litecoin has a total market capitalization of $4.14 billion and $369.40 million worth of Litecoin was traded on exchanges in the last day. In the last week, Litecoin has traded 21% higher against the U.S. dollar.

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

• Dogecoin (DOGE) traded up 0.7% against the dollar and now trades at $0.0929 or 0.00000118 BTC.
• UNUS SED LEO (LEO) traded down 1.1% against the dollar and now trades at $9.38 or 0.00011866 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• MegaCoin (MEC) traded down 2.2% against the dollar and now trades at $4.30 or 0.00015776 BTC.
• Polymath (POLY) traded 4.9% lower against the dollar and now trades at $0.0096 or 0.00000012 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 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 77,533,029 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 website for Litecoin is litecoin.org. The official message board for Litecoin is litecointalk.io.

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, Coinbase or GDAX.

LTC/USD price chart by TradingView