Litecoin Market Capitalization Tops $5.29 Billion (LTC)

Litecoin (LTC) traded 2.4% lower against the U.S. dollar during the one day period ending at 23:00 PM ET on July 31st. One Litecoin coin can currently be bought for about $70.68 or 0.00110533 BTC on major cryptocurrency exchanges. Litecoin has a total market capitalization of $5.29 billion and $263.16 million worth of Litecoin was traded on exchanges in the last day. During the last seven days, Litecoin has traded 2.5% higher against the U.S. dollar.

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

• Dogecoin (DOGE) traded 3.6% lower against the dollar and now trades at $0.12 or 0.00000189 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $5.68 or 0.00008884 BTC.
• NyanCoin (NYAN) traded down 2.2% against the dollar and now trades at $2.40 or 0.00008809 BTC.
• MegaCoin (MEC) traded 2.2% lower against the dollar and now trades at $4.30 or 0.00015776 BTC.
• Polymath (POLY) traded 53% higher against the dollar and now trades at $0.11 or 0.00000172 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.

About Litecoin

Litecoin (LTC) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It was first traded on October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 74,811,856 coins. 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. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible here. Litecoin’s official message board is litecointalk.io.

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 US dollars directly can do so using GDAX, Changelly or Coinbase.

LTC/USD price chart by TradingView