Litecoin Price Hits $54.04 on Exchanges (LTC)

Litecoin (LTC) traded 0.1% lower against the US dollar during the 1-day period ending at 9:00 AM E.T. on May 20th. One Litecoin coin can now be bought for $54.04 or 0.00069805 BTC on popular cryptocurrency exchanges. Litecoin has a total market cap of $4.17 billion and approximately $260.09 million worth of Litecoin was traded on exchanges in the last 24 hours. In the last week, Litecoin has traded 6.6% lower against the US dollar.

Here’s how other cryptocurrencies have performed in the last 24 hours:

• Dogecoin (DOGE) traded up 0.2% against the dollar and now trades at $0.10 or 0.00000134 BTC.
• UNUS SED LEO (LEO) traded down 0.5% against the dollar and now trades at $10.03 or 0.00012960 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.
• Polymath (POLY) traded 6.3% lower against the dollar and now trades at $0.0154 or 0.00000020 BTC.
• Lotto (LOTTO) traded 2.1% lower 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. It launched on October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 77,189,852 coins. The Reddit community for Litecoin is https://reddit.com/r/litecoin and the currency’s Github account can be viewed here. Litecoin’s official message board is litecointalk.io. Litecoin’s official website is litecoin.org. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible 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, GDAX or Gemini.

LTC/USD price chart by TradingView