Litecoin (LTC) Achieves Market Capitalization of $5.41 Billion

Litecoin (LTC) traded up 2.3% against the US dollar during the 1 day period ending at 11:00 AM E.T. on June 27th. Litecoin has a market cap of $5.41 billion and $280.25 million worth of Litecoin was traded on exchanges in the last day. One Litecoin coin can now be purchased for $72.43 or 0.00117339 BTC on exchanges. During the last week, Litecoin has traded down 2.4% against the US dollar.

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

• Dogecoin (DOGE) traded up 0.7% against the dollar and now trades at $0.12 or 0.00000201 BTC.
• UNUS SED LEO (LEO) traded up 0.4% against the dollar and now trades at $5.77 or 0.00009349 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 5% higher against the dollar and now trades at $0.12 or 0.00000187 BTC.
• DEI (DEI) traded 3.2% lower against the dollar and now trades at $0.0130 or 0.00000021 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.

Litecoin Profile

Litecoin (CRYPTO: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 74,688,031 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. The official message board for Litecoin is litecointalk.io. 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.”

Buying and Selling Litecoin

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

LTC/USD price chart by TradingView