Litecoin (LTC) Trading 3.6% Lower This Week

Litecoin (LTC) traded up 1.1% against the U.S. dollar during the twenty-four hour period ending at 9:00 AM ET on September 1st. One Litecoin coin can currently be purchased for $49.17 or 0.00063232 BTC on popular exchanges. Litecoin has a total market cap of $3.81 billion and $207.91 million worth of Litecoin was traded on exchanges in the last day. During the last week, Litecoin has traded down 3.6% against the U.S. dollar.

Here is how related cryptocurrencies have performed during the last day:

• Dogecoin (DOGE) traded 0.3% lower against the dollar and now trades at $0.0824 or 0.00000106 BTC.
• UNUS SED LEO (LEO) traded 2.5% lower against the dollar and now trades at $9.39 or 0.00012079 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 87.9% lower against the dollar and now trades at $0.0093 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 2.5% lower against the dollar and now trades at $0.0129 or 0.00000020 BTC.

Litecoin Coin Profile

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 77,561,698 coins. Litecoin’s official message board 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. The official website for Litecoin 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.”

Litecoin Coin Trading

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

LTC/USD price chart by TradingView