Litecoin Reaches Market Capitalization of $5.34 Billion (LTC)

Litecoin (LTC) traded up 2.3% against the US dollar during the 1-day period ending at 7:00 AM ET on February 11th. During the last seven days, Litecoin has traded up 5.8% against the US dollar. One Litecoin coin can currently be bought for about $72.02 or 0.00148837 BTC on exchanges. Litecoin has a total market capitalization of $5.34 billion and $296.21 million worth of Litecoin was traded on exchanges in the last day.

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

  • Dogecoin (DOGE) traded 1.6% higher against the dollar and now trades at $0.0822 or 0.00000170 BTC.
  • UNUS SED LEO (LEO) traded 1.3% higher against the dollar and now trades at $4.11 or 0.00008501 BTC.
  • NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
  • DEI (DEI) traded down 7.3% against the dollar and now trades at $0.0241 or 0.00000050 BTC.
  • MegaCoin (MEC) traded 2.2% lower against the dollar and now trades at $4.30 or 0.00015776 BTC.
  • Polymath (POLY) traded 0.1% higher against the dollar and now trades at $0.15 or 0.00000309 BTC.
  • Lotto (LOTTO) traded 2.1% lower 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.

Litecoin Profile

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 74,193,975 coins. The official message board for Litecoin is litecointalk.io. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible here. The official website for Litecoin is litecoin.org. 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 acquire Litecoin using US dollars directly can do so using Changelly, GDAX or Coinbase.

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