Litecoin (LTC) Achieves Market Capitalization of $8.23 Billion

Litecoin (LTC) traded up 8.9% against the US dollar during the 1 day period ending at 10:00 AM Eastern on December 24th. Over the last week, Litecoin has traded 7.4% lower against the US dollar. Litecoin has a total market capitalization of $8.23 billion and $755.72 million worth of Litecoin was traded on exchanges in the last day. One Litecoin coin can currently be purchased for about $109.24 or 0.00112132 BTC on major cryptocurrency exchanges.

Here is how other cryptocurrencies have performed over the last day:

• Dogecoin (DOGE) traded 8.2% higher against the dollar and now trades at $0.33 or 0.00000341 BTC.
• UNUS SED LEO (LEO) traded 0.6% higher against the dollar and now trades at $9.43 or 0.00009677 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.
• Polymath (POLY) traded up 35.7% against the dollar and now trades at $0.0988 or 0.00000101 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 Coin Profile

Litecoin (CRYPTO:LTC) 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 75,341,893 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. The official message board for Litecoin is litecointalk.io. Litecoin’s official website 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.”

Buying and Selling Litecoin

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

LTC/USD price chart by TradingView