Litecoin Price Down 6% This Week (LTC)

Litecoin (LTC) traded 3.9% higher against the dollar during the twenty-four hour period ending at 23:00 PM E.T. on November 5th. Litecoin has a total market capitalization of $5.18 billion and $439.63 million worth of Litecoin was traded on exchanges in the last 24 hours. One Litecoin coin can now be purchased for approximately $68.93 or 0.00092760 BTC on major cryptocurrency exchanges. During the last seven days, Litecoin has traded 6% lower against the dollar.

Here is how other cryptocurrencies have performed during the last 24 hours:

• Dogecoin (DOGE) traded 30.4% higher against the dollar and now trades at $0.21 or 0.00000285 BTC.
• UNUS SED LEO (LEO) traded down 0% against the dollar and now trades at $6.05 or 0.00008139 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 9.4% higher against the dollar and now trades at $0.0559 or 0.00000075 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• DEI (DEI) traded 2.5% lower against the dollar and now trades at $0.0129 or 0.00000020 BTC.

Litecoin Profile

LTC is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. Its genesis date was October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 75,163,081 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 message board 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.

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.”

Litecoin Coin Trading

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

LTC/USD price chart by TradingView