Litecoin Price Down 21.1% Over Last Week (LTC)

Litecoin (LTC) traded down 0.9% against the US dollar during the twenty-four hour period ending at 21:00 PM ET on August 5th. Litecoin has a market capitalization of $4.39 billion and $1.06 billion worth of Litecoin was traded on exchanges in the last 24 hours. One Litecoin coin can currently be bought for approximately $58.63 or 0.00104306 BTC on major exchanges. During the last seven days, Litecoin has traded down 21.1% against the US dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

• Dogecoin (DOGE) traded up 2.2% against the dollar and now trades at $0.0998 or 0.00000177 BTC.
• UNUS SED LEO (LEO) traded up 0.7% against the dollar and now trades at $5.70 or 0.00010132 BTC.
• NyanCoin (NYAN) traded 2.2% lower 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 up 14.9% against the dollar and now trades at $0.11 or 0.00000192 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

Litecoin 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 74,829,350 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. 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 US dollars directly can do so using Coinbase, Changelly or GDAX.

LTC/USD price chart by TradingView