() gained 1.2% in the 24-hour period ending at 23.00 ET on the 2nd of May. Litecoin's value against the U.S. Dollar has fallen 4.1% in the past week. On popular cryptocurrency exchanges, one Litecoin can be bought for $87.69 (or 0.00307505 BTC). Litecoin's market cap is $6.39 billion. $406.59 Million worth of Litecoin were traded on exchanges the previous day.
See how similar cryptocurrencies performed in the past day.
Dogecoin, or DOGE, is now trading at $0.0783 (0.00000275 BTC) after a 0.3% decline against the dollar.
UNUS SED LEO LEO (LEO), which is currently trading at $3.62, or 0.00012705 BTC, has gained 0.8% in value against the dollar.
DEI (DEI), which is now trading at $0.34, or 0.00001210 BTC, has traded 36.4% more against the dollar.
NyanCoin, or NYAN, is now trading at $2.40 (0.00008809 BTC) after a 2.2% decline against the dollar.
Polymath (POLY), which trades for $0.19 or 0.00000676 BTC, is down 0.1% against the dollar.
MegaCoin (MEC), which trades for $4.30, or 0.00015776 BTC, is now down 2.2% against the dollar.
EAC (EAC), which is currently trading at $0.0299, or 0.00000105 BTC, has traded up 322.3% in relation to the dollar.
Lotto (LOTTO), which trades for $0.0005 or 0.00000002 BTC, has fallen 2.1% in value against the dollar.
It is a Proof-of-Work (PoW), coin that uses Scrypt's hashing algorithm. It was launched on October 13, 2011. Litecoin has a total supply of 84,000,000 and a circulating supply of 72,837.014 coins. Here is a link to the article
CryptoCompare states that Litecoin is a cryptocurrency created in 2011 by a fork from Bitcoin. It has fast, low cost peer-to-peer transfers, a higher maximum supply of LTC (84 million), and other technical differences. It is based on an open-source, non-centralized blockchain. LTC is valuable because of its finite supply. It also reduces the amount entering the system regularly, which ensures that inflation is transparent. It can be used to pay for goods and services, and also as a test ground for new technology before it is implemented on the Bitcoin Network. LTC was developed by Charlie Lee, a former Google engineer. It is supported by the Litecoin Foundation.
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