Litecoin Trading Down 2.8% Over Last Week (LTC)

Litecoin (LTC) traded 6.1% lower against the US dollar during the 24 hour period ending at 14:00 PM Eastern on August 1st. Over the last seven days, Litecoin has traded down 2.8% against the US dollar. Litecoin has a market capitalization of $5.03 billion and $335.83 million worth of Litecoin was traded on exchanges in the last day. One Litecoin coin can currently be purchased for about $67.27 or 0.00106842 BTC on cryptocurrency exchanges.

Here’s how similar cryptocurrencies have performed over the last day:

• Dogecoin (DOGE) traded 9.6% lower against the dollar and now trades at $0.11 or 0.00000182 BTC.
• UNUS SED LEO (LEO) traded 0.2% lower against the dollar and now trades at $5.74 or 0.00009118 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 3.8% lower against the dollar and now trades at $0.0777 or 0.00000123 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

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 74,814,056 coins. The official message board for Litecoin 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 GDAX, Gemini or Changelly.

LTC/USD price chart by TradingView