Litecoin Reaches Market Capitalization of $6.21 Billion (LTC)

Litecoin (LTC) traded 1.8% higher against the US dollar during the 24 hour period ending at 22:00 PM E.T. on May 9th. Litecoin has a market cap of $6.21 billion and approximately $298.04 million worth of Litecoin was traded on exchanges in the last day. One Litecoin coin can now be bought for approximately $83.29 or 0.00132639 BTC on major cryptocurrency exchanges. Over the last week, Litecoin has traded up 3.3% against the US dollar.

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

• Dogecoin (DOGE) traded 3.5% higher against the dollar and now trades at $0.15 or 0.00000240 BTC.
• UNUS SED LEO (LEO) traded 0.6% lower against the dollar and now trades at $5.90 or 0.00009393 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 6.9% lower against the dollar and now trades at $0.0172 or 0.00000027 BTC.
• Polymath (POLY) traded 25.6% higher against the dollar and now trades at $0.0963 or 0.00000153 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.

About Litecoin

Litecoin (CRYPTO:LTC) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its genesis date was October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 74,512,619 coins. Litecoin’s official website is litecoin.org. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible here. Litecoin’s official message board is litecointalk.io. 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.”

Litecoin Coin Trading

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

LTC/USD price chart by TradingView