Litecoin (LTC) Price Down 5.1% This Week

Litecoin (LTC) traded 2.7% higher against the U.S. dollar during the 24-hour period ending at 15:00 PM ET on May 26th. Litecoin has a market capitalization of $6.40 billion and $555.16 million worth of Litecoin was traded on exchanges in the last day. During the last seven days, Litecoin has traded 5.1% lower against the U.S. dollar. One Litecoin coin can now be purchased for $87.63 or 0.00327221 BTC on popular exchanges.

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

• Dogecoin (DOGE) traded up 0.1% against the dollar and now trades at $0.0710 or 0.00000265 BTC.
• UNUS SED LEO (LEO) traded 0.5% lower against the dollar and now trades at $3.55 or 0.00013261 BTC.
• DEI (DEI) traded down 0.8% against the dollar and now trades at $0.20 or 0.00000744 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 3.3% lower against the dollar and now trades at $0.17 or 0.00000628 BTC.
• Lotto (LOTTO) traded down 2.1% against the dollar and now trades at $0.0005 or 0.00000002 BTC.
• EAC (EAC) traded up 0% against the dollar and now trades at $0.0030 or 0.00000011 BTC.

Litecoin Profile

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 73,006,539 coins. 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. The Reddit community for Litecoin is https://reddit.com/r/litecoin and the currency’s Github account can be viewed here.

According to CryptoCompare, “Litecoin (LTC) is a cryptocurrency that was created in 2011 as a fork of Bitcoin. It features fast, low-cost peer-to-peer transactions, a larger maximum supply of 84 million LTC, and other technical differences. It uses an open-source blockchain that is not controlled by any central authority and can be mined through a Proof-of-Work consensus algorithm. LTC has value because it has a finite supply and regularly reduces the amount of LTC entering the system, ensuring its inflation is transparent and predictable. It is used for paying for goods and services and as a testing ground for new technologies before they are implemented on the Bitcoin network. LTC was created by former Google engineer Charlie Lee and is supported by the Litecoin Foundation.”

Litecoin Coin Trading

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

LTC/USD price chart by TradingView