Litecoin Trading Down 9.8% Over Last Week (LTC)

Litecoin (LTC) traded 1.5% higher against the dollar during the 1-day period ending at 17:00 PM Eastern on November 5th. Litecoin has a total market capitalization of $4.97 billion and $338.85 million worth of Litecoin was traded on exchanges in the last day. One Litecoin coin can now be purchased for approximately $66.17 or 0.00095156 BTC on major exchanges. During the last seven days, Litecoin has traded down 9.8% against the dollar.

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

• Dogecoin (DOGE) traded 9.3% higher against the dollar and now trades at $0.17 or 0.00000243 BTC.
• UNUS SED LEO (LEO) traded down 0.1% against the dollar and now trades at $6.05 or 0.00008694 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 10.8% lower against the dollar and now trades at $0.0462 or 0.00000066 BTC.
• Lotto (LOTTO) traded down 2.1% 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 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 75,162,137 coins. Litecoin’s official website is litecoin.org. 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. 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 acquire Litecoin using U.S. dollars directly can do so using Changelly, Gemini or GDAX.

LTC/USD price chart by TradingView