Litecoin Price Hits $71.55 (LTC)

Litecoin (LTC) traded up 8.1% against the US dollar during the 24-hour period ending at 8:00 AM E.T. on October 16th. Litecoin has a total market cap of $5.37 billion and approximately $903.67 million worth of Litecoin was traded on exchanges in the last 24 hours. In the last week, Litecoin has traded 9% higher against the US dollar. One Litecoin coin can currently be bought for about $71.55 or 0.00105289 BTC on exchanges.

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

• Dogecoin (DOGE) traded 11% higher against the dollar and now trades at $0.13 or 0.00000185 BTC.
• UNUS SED LEO (LEO) traded down 0.3% against the dollar and now trades at $6.14 or 0.00009032 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 18.3% lower against the dollar and now trades at $0.0656 or 0.00000096 BTC.
• Lotto (LOTTO) traded down 2.1% 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.

About Litecoin

Litecoin (CRYPTO: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 75,088,931 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 Twitter account is @litecoin and its Facebook page is accessible here. Litecoin’s official message board is litecointalk.io. The official website for Litecoin is litecoin.org.

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 Changelly, Coinbase or GDAX.

LTC/USD price chart by TradingView