Litecoin (LTC) Reaches Market Capitalization of $5.62 Billion

Litecoin (LTC) traded 1.6% higher against the US dollar during the 1 day period ending at 23:00 PM ET on October 19th. One Litecoin coin can now be bought for $74.89 or 0.00109862 BTC on exchanges. Litecoin has a total market cap of $5.62 billion and $266.81 million worth of Litecoin was traded on exchanges in the last 24 hours. In the last seven days, Litecoin has traded 14.2% higher against the US dollar.

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

• Dogecoin (DOGE) traded down 2.8% against the dollar and now trades at $0.14 or 0.00000207 BTC.
• UNUS SED LEO (LEO) traded 0.5% higher against the dollar and now trades at $6.10 or 0.00008951 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 down 14.8% against the dollar and now trades at $0.0569 or 0.00000083 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• DEI (DEI) traded down 2.5% against the dollar and now trades at $0.0129 or 0.00000020 BTC.

About 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 75,102,525 coins. The official message board for Litecoin is litecointalk.io. Litecoin’s official website 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.

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, Gemini or GDAX.

LTC/USD price chart by TradingView