Litecoin Reaches Market Cap of $5.97 Billion (LTC)

Litecoin (LTC) traded up 2.7% against the US dollar during the 24 hour period ending at 23:00 PM ET on June 15th. One Litecoin coin can currently be purchased for approximately $80.00 or 0.00121040 BTC on exchanges. In the last week, Litecoin has traded up 0.5% against the US dollar. Litecoin has a total market capitalization of $5.97 billion and approximately $235.73 million worth of Litecoin was traded on exchanges in the last day.

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

• Dogecoin (DOGE) traded up 0.2% against the dollar and now trades at $0.14 or 0.00000205 BTC.
• UNUS SED LEO (LEO) traded 2.7% higher against the dollar and now trades at $5.91 or 0.00008935 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 up 22.9% against the dollar and now trades at $0.11 or 0.00000164 BTC.
• DEI (DEI) traded 2.2% higher against the dollar and now trades at $0.0117 or 0.00000018 BTC.
• Lotto (LOTTO) traded 2.1% lower against the dollar and now trades at $0.0005 or 0.00000002 BTC.

Litecoin Profile

Litecoin 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 74,647,062 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. 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.”

Buying and Selling Litecoin

Investors seeking to acquire Litecoin using U.S. dollars directly can do so using Changelly, Gemini or Coinbase.

LTC/USD price chart by TradingView