Litecoin (LTC) Reaches Market Cap of $4.22 Billion

Litecoin (LTC) traded down 2% against the dollar during the 24-hour period ending at 9:00 AM ET on September 9th. In the last seven days, Litecoin has traded 11.1% higher against the dollar. Litecoin has a market cap of $4.22 billion and $289.74 million worth of Litecoin was traded on exchanges in the last 24 hours. One Litecoin coin can now be purchased for $54.34 or 0.00068315 BTC on major exchanges.

Here is how other cryptocurrencies have performed in the last 24 hours:

• Dogecoin (DOGE) traded 2% higher against the dollar and now trades at $0.0911 or 0.00000115 BTC.
• UNUS SED LEO (LEO) traded down 0.2% against the dollar and now trades at $9.18 or 0.00011546 BTC.
• NyanCoin (NYAN) traded 2.2% lower against the dollar and now trades at $2.40 or 0.00008809 BTC.
• MegaCoin (MEC) traded down 2.2% against the dollar and now trades at $4.30 or 0.00015776 BTC.
• Polymath (POLY) traded 10.4% lower against the dollar and now trades at $0.0099 or 0.00000012 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 genesis date was October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 77,591,323 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. 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.”

Buying and Selling Litecoin

Investors seeking to trade Litecoin using US dollars directly can do so using Coinbase, GDAX or Changelly.

LTC/USD price chart by TradingView