Litecoin Market Cap Hits $5.14 Billion (LTC)

Litecoin (LTC) traded 6.9% higher against the US dollar during the 24-hour period ending at 21:00 PM Eastern on May 17th. One Litecoin coin can currently be bought for $73.08 or 0.00240828 BTC on major exchanges. Litecoin has a total market cap of $5.14 billion and $793.80 million worth of Litecoin was traded on exchanges in the last day. During the last seven days, Litecoin has traded down 8.5% against the US dollar.

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

  • Dogecoin (DOGE) traded 1.6% higher against the dollar and now trades at $0.0897 or 0.00000296 BTC.
  • UNUS SED LEO (LEO) traded up 0.8% against the dollar and now trades at $4.97 or 0.00016388 BTC.
  • DEI (DEI) traded down 4.1% against the dollar and now trades at $0.59 or 0.00001934 BTC.
  • SpaceMine (MINE) traded down 4.2% against the dollar and now trades at $0.89 or 0.00002940 BTC.
  • EAC (EAC) traded down 0% against the dollar and now trades at $1.84 or 0.00006129 BTC.
  • Hellenic Coin (HNC) traded flat against the dollar and now trades at $3.68 or 0.00010892 BTC.
  • Polymath (POLY) traded up 12.7% against the dollar and now trades at $0.24 or 0.00000802 BTC.
  • Syscoin (SYS) traded 5.5% higher against the dollar and now trades at $0.21 or 0.00000692 BTC.
  • Verge (XVG) traded 12.1% higher against the dollar and now trades at $0.0055 or 0.00000018 BTC.
  • ConstitutionDAO (PEOPLE) traded up 9.7% against the dollar and now trades at $0.0169 or 0.00000056 BTC.

Litecoin Profile

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 70,306,544 coins. Litecoin’s official message board is litecointalk.io. The official website for Litecoin is litecoin.org. Litecoin’s official Twitter account is @LitecoinProject and its Facebook page is accessible here. The Reddit community for Litecoin is /r/litecoin and the currency’s Github account can be viewed here.

According to CryptoCompare, “Litecoin LTC – provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have – which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. Litecoin is in second spot to Bitcoin and has spawned numerous clones – however it has a solid base of support and dedicated development team. The Litecoin project is currently maintained by a core group of 6 software developers, led by Charles Lee, with a large community that is growing in support. In May 2017, Litecoin became the first of the Top 5 (By Market Cap) cryptocurrencies to implement the SegWit scaling solution. Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second. Blockchain data provided by: Blockchair (Main Source), CryptoID (Backup), and WhatToMine (Block Time only) “

Buying and Selling Litecoin

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

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