Litecoin Reaches Market Capitalization of $5.03 Billion (LTC)

Litecoin (LTC) traded down 0.1% against the US dollar during the twenty-four hour period ending at 7:00 AM ET on February 6th. Over the last week, Litecoin has traded 0.3% lower against the US dollar. Litecoin has a total market cap of $5.03 billion and $199.58 million worth of Litecoin was traded on exchanges in the last 24 hours. One Litecoin coin can currently be bought for approximately $67.76 or 0.00158309 BTC on exchanges.

Here’s how related cryptocurrencies have performed over the last 24 hours:

  • Dogecoin (DOGE) traded down 2.2% against the dollar and now trades at $0.0780 or 0.00000182 BTC.
  • UNUS SED LEO (LEO) traded up 0.1% against the dollar and now trades at $4.05 or 0.00009468 BTC.
  • NyanCoin (NYAN) traded down 2.2% 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 2.7% higher against the dollar and now trades at $0.0208 or 0.00000049 BTC.
  • Polymath (POLY) traded up 4.4% against the dollar and now trades at $0.15 or 0.00000352 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 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 74,175,600 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 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.

According to CryptoCompare, “Litecoin (LTC) is a cryptocurrency that was created in 2011 as a fork of Bitcoin. It features fast, low-cost peer-to-peer transactions, a larger maximum supply of 84 million LTC, and other technical differences. It uses an open-source blockchain that is not controlled by any central authority and can be mined through a Proof-of-Work consensus algorithm. LTC has value because it has a finite supply and regularly reduces the amount of LTC entering the system, ensuring its inflation is transparent and predictable. It is used for paying for goods and services and as a testing ground for new technologies before they are implemented on the Bitcoin network. LTC was created by former Google engineer Charlie Lee and is supported by the Litecoin Foundation.”

Buying and Selling Litecoin

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

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