Litecoin Trading Down 0.6% This Week (LTC)

Litecoin (LTC) traded up 4.5% against the U.S. dollar during the twenty-four hour period ending at 10:00 AM E.T. on January 25th. Litecoin has a market cap of $9.60 billion and $1.40 billion worth of Litecoin was traded on exchanges in the last day. During the last week, Litecoin has traded 0.6% lower against the U.S. dollar. One Litecoin coin can now be bought for approximately $127.20 or 0.00121738 BTC on popular cryptocurrency exchanges.

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

• Dogecoin (DOGE) traded down 3.4% against the dollar and now trades at $0.35 or 0.00000335 BTC.
• UNUS SED LEO (LEO) traded 0.7% higher against the dollar and now trades at $9.80 or 0.00009378 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.
• Polymath (POLY) traded down 37.5% against the dollar and now trades at $0.12 or 0.00000118 BTC.
• Lotto (LOTTO) traded down 2.1% 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.

Litecoin Profile

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 75,458,881 coins. The official website for Litecoin 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.”

Buying and Selling Litecoin

Investors seeking to trade Litecoin using US dollars directly can do so using Gemini, GDAX or Changelly.

LTC/USD price chart by TradingView