Litecoin Hits Market Cap of $6.01 Billion (LTC)

Litecoin (LTC) traded 2.6% higher against the US dollar during the 1-day period ending at 16:00 PM E.T. on May 2nd. Litecoin has a market capitalization of $6.01 billion and $322.74 million worth of Litecoin was traded on exchanges in the last day. One Litecoin coin can currently be purchased for $80.72 or 0.00136066 BTC on cryptocurrency exchanges. Over the last week, Litecoin has traded down 4.5% against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Dogecoin (DOGE) traded 4% higher against the dollar and now trades at $0.13 or 0.00000224 BTC.
• UNUS SED LEO (LEO) traded up 2.2% against the dollar and now trades at $5.93 or 0.00009995 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.
• DEI (DEI) traded 3.6% higher against the dollar and now trades at $0.0182 or 0.00000031 BTC.
• Polymath (POLY) traded 10% higher against the dollar and now trades at $0.0922 or 0.00000155 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 Profile

Litecoin (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 74,487,350 coins. Litecoin’s official message board is litecointalk.io. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible here. Litecoin’s official website 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 acquire Litecoin using US dollars directly can do so using Changelly, Coinbase or GDAX.

LTC/USD price chart by TradingView