Litecoin Trading 2.2% Lower This Week (LTC)

Litecoin (LTC) traded 0.8% higher against the U.S. dollar during the one day period ending at 15:00 PM ET on May 4th. One Litecoin coin can now be bought for $82.18 or 0.00129142 BTC on popular cryptocurrency exchanges. Over the last week, Litecoin has traded down 2.2% against the U.S. dollar. Litecoin has a total market capitalization of $6.12 billion and approximately $268.07 million worth of Litecoin was traded on exchanges in the last day.

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

• Dogecoin (DOGE) traded up 15.1% against the dollar and now trades at $0.16 or 0.00000253 BTC.
• UNUS SED LEO (LEO) traded down 0.4% against the dollar and now trades at $5.82 or 0.00009138 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 2.9% higher against the dollar and now trades at $0.0184 or 0.00000029 BTC.
• Polymath (POLY) traded up 12.9% against the dollar and now trades at $0.0930 or 0.00000146 BTC.
• Lotto (LOTTO) traded 2.1% lower 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. It was first traded on October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 74,493,606 coins. The official website for Litecoin is litecoin.org. 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.

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, Changelly or GDAX.

LTC/USD price chart by TradingView