Litecoin Trading Down 3.2% Over Last Week (LTC)

Litecoin (LTC) traded down 2.4% against the US dollar during the 24-hour period ending at 9:00 AM Eastern on June 1st. One Litecoin coin can now be purchased for $51.05 or 0.00070805 BTC on popular exchanges. In the last seven days, Litecoin has traded down 3.2% against the US dollar. Litecoin has a total market capitalization of $3.94 billion and $252.74 million worth of Litecoin was traded on exchanges in the last 24 hours.

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

• Dogecoin (DOGE) traded down 0.9% against the dollar and now trades at $0.0998 or 0.00000138 BTC.
• UNUS SED LEO (LEO) traded 0.6% lower against the dollar and now trades at $9.99 or 0.00013860 BTC.
• NyanCoin (NYAN) traded down 2.2% 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 up 27.7% against the dollar and now trades at $0.0206 or 0.00000029 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

LTC 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 77,232,764 coins. Litecoin’s official Twitter account is @litecoin and its Facebook page is accessible here. The official website for Litecoin is litecoin.org. The Reddit community for Litecoin is https://reddit.com/r/litecoin and the currency’s Github account can be viewed 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 trade Litecoin using US dollars directly can do so using Coinbase, Changelly or GDAX.

LTC/USD price chart by TradingView