Litecoin Market Cap Tops $6.87 Billion (LTC)

Litecoin (LTC) traded down 3.1% against the US dollar during the 24-hour period ending at 10:00 AM ET on November 26th. Litecoin has a total market cap of $6.87 billion and $1.02 billion worth of Litecoin was traded on exchanges in the last day. One Litecoin coin can now be purchased for approximately $91.33 or 0.00097835 BTC on exchanges. Over the last seven days, Litecoin has traded 4.9% higher against the US dollar.

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

• Dogecoin (DOGE) traded down 5.2% against the dollar and now trades at $0.38 or 0.00000412 BTC.
• UNUS SED LEO (LEO) traded 3% lower against the dollar and now trades at $8.14 or 0.00008719 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 8.2% against the dollar and now trades at $0.0653 or 0.00000070 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. Its launch date was October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 75,238,875 coins. 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. The official message board for Litecoin 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 GDAX, Coinbase or Changelly.

LTC/USD price chart by TradingView