Litecoin (LTC) Achieves Market Cap of $8.43 Billion

Litecoin (LTC) traded 2.3% lower against the US dollar during the 1-day period ending at 10:00 AM E.T. on January 29th. Over the last week, Litecoin has traded down 4% against the US dollar. One Litecoin coin can now be purchased for $111.70 or 0.00109561 BTC on popular exchanges. Litecoin has a market capitalization of $8.43 billion and $538.55 million worth of Litecoin was traded on exchanges in the last 24 hours.

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

• Dogecoin (DOGE) traded down 2.7% against the dollar and now trades at $0.33 or 0.00000319 BTC.
• UNUS SED LEO (LEO) traded 1.8% lower against the dollar and now trades at $9.59 or 0.00009404 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• Polymath (POLY) traded 5.1% higher against the dollar and now trades at $0.22 or 0.00000220 BTC.
• MegaCoin (MEC) traded 2.2% lower against the dollar and now trades at $4.30 or 0.00015776 BTC.
• Lotto (LOTTO) traded 2.1% lower 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 launch date was October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 75,474,200 coins. 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. The official website for Litecoin is litecoin.org. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible 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.”

Litecoin Coin Trading

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

LTC/USD price chart by TradingView