Litecoin (LTC) Market Cap Achieves $4.18 Billion

   2022-08-01 11:08


Litecoin (LTC) traded 4.2% lower against the dollar during the 1-day period ending at 7:00 AM ET on August 1st. In the last seven days, Litecoin has traded 4.3% higher against the dollar. Litecoin has a total market cap of $4.18 billion and $511.77 million worth of Litecoin was traded on exchanges in the last 24 hours. One Litecoin coin can currently be bought for approximately $58.98 or 0.00256438 BTC on popular exchanges.



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


  • Dogecoin (DOGE) traded 4.1% lower against the dollar and now trades at $0.0678 or 0.00000295 BTC.
  • UNUS SED LEO (LEO) traded 0.4% higher against the dollar and now trades at $5.06 or 0.00021995 BTC.
  • DEI (DEI) traded 0.2% lower against the dollar and now trades at $0.19 or 0.00000822 BTC.
  • EAC (EAC) traded up 35.5% against the dollar and now trades at $1.26 or 0.00006190 BTC.
  • Polymath (POLY) traded 4.8% higher against the dollar and now trades at $0.23 or 0.00000998 BTC.
  • ConstitutionDAO (PEOPLE) traded up 11.2% against the dollar and now trades at $0.0360 or 0.00000157 BTC.
  • Syscoin (SYS) traded 4.8% lower against the dollar and now trades at $0.17 or 0.00000739 BTC.
  • Verge (XVG) traded 0.2% higher against the dollar and now trades at $0.0037 or 0.00000016 BTC.
  • XeniosCoin (XNC) traded up 0% against the dollar and now trades at $0.55 or 0.00002392 BTC.
  • Presearch (PRE) traded up 1.6% against the dollar and now trades at $0.0891 or 0.00000387 BTC.

Litecoin Profile

Litecoin (CRYPTO:LTC) is a proof-of-work (PoW) coin that uses the Scrypt hashing algorithm. It was first traded on October 13th, 2011. Litecoin’s total supply is 84,000,000 coins and its circulating supply is 70,846,444 coins. Litecoin’s official message board is litecointalk.io. Litecoin’s official Twitter account is @LitecoinProject and its Facebook page is accessible here. The Reddit community for Litecoin is /r/litecoin and the currency’s Github account can be viewed here. The official website for Litecoin is litecoin.org.

According to CryptoCompare, “Litecoin LTC – provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have – which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. Litecoin is in second spot to Bitcoin and has spawned numerous clones – however it has a solid base of support and dedicated development team. The Litecoin project is currently maintained by a core group of 6 software developers, led by Charles Lee, with a large community that is growing in support. In May 2017, Litecoin became the first of the Top 5 (By Market Cap) cryptocurrencies to implement the SegWit scaling solution. Later in May of the same year, the first Lightning Network transaction was completed through litecoin, transferring 0.00000001 LTC from Zurich to San Francisco in under one second. Blockchain data provided by: Blockchair (Main Source), CryptoID (Backup), and WhatToMine (Block Time only) “

Buying and Selling Litecoin

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



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