LTC to USD is the pairing of two unique currencies, well-known crypto Litecoin (LTC) and what many think of as the world’s currency, the US dollar (USD). The currency pair can also be written LTC/USD, LTC-USD, and LTC USD, with a space between the two symbols or without. No matter how it is written, it represents 1 Litecoin in US dollars. Litecoin is an open-source peer-to-peer blockchain software project and internet currency, derived from Bitcoin. It is one of the oldest altcoins (any crypto that is not Bitcoin), released in 2011. You can find a great deal of information on trading LTC USD, including news and analysis related to Litecoin as well as LTC to USD converters and charts on eToroX. eToro’s professional crypto exchange, eToroX was created specifically for advanced crypto trading.
eToroX, designed as eToro’s professional crypto exchange for corporate and high-level crypto traders, offers an array of trading tools ideally suited for trading LTC/USD and an ever-growing array of crypto assets. These include Bitcoin, Cardano, and Ethereum as well as several more recently added assets such as SUSHI, SAXS, and Dogecoin. eToroX’s product suite includes Fix API protocol, a Fiat gateway, a Credit Line designed for spot trading, and several advanced order types including Iceberg orders. In addition, a mainstay of eToroX’s offering is its commitment to security, transparency, and dependability. eToroX enjoys regulation through GFSC, the Gibraltar Financial Services Commission. eToroX traders benefit from the exchange’s competitive fee package, whether trading 1 LTC for USD or any of the various cryptoassets. There are low fees across the board on withdrawals and no fees on deposits on eToroX.
Litecoin, often referred to as silver next to Bitcoin’s gold, was launched in 2011 by Charlie Lee, an engineer formerly of Google. Lee based Litecoin heavily on Bitcoin, reengineering Bitcoin’s code and altering the mining speed. He also boosted the max supply. One of the first altcoins, Litecoin is decentralized and open-source, and Litecoin enables fast, nearly-free payments to individuals anywhere in the world. One goal of that speed and access? Enabling people to control their finances without relying on traditional financial institutions like banks. The speed of cryptocurrencies is important, especially for a payment network like Litecoin. Often – and obviously – compared to Bitcoin, Litecoin is faster and will ultimately have 4 times as many coins, a figure set at 84 million. Litecoin remains popular, with LTC to USD trading making its place in the crypto market.
Founded in October 2011 as an updated version of Bitcoin, Litecoin and the papa of crypto Bitcoin share many similarities technically. In fact, Litecoin is so similar to Bitcoin, that it is almost identical. One area where they differ that is important for traders? Price. While BTC/USD has remained in the thousands or tens of thousands over the last several years, LTC to USD has never yet reached the thousand-dollar mark. In its infancy, Litecoin traded at just pennies 1 LTC to USD, while since then, it has remained for much of the last years at a price in the lower hundreds. The highest recorded LTC/USD (before Q4 2021) occurred in May 2021, when it breached $400. Litecoin has, since its founding, ranked well compared to the other cryptocurrencies, standing tall amongst the top-10 cryptos in terms of market cap.
When trading an asset, it is vital to understand as much as you can about the investment and market. Here at eToroX, we assist traders by offering an array of professional trading tools such as research and analysis on the cryptos we offer. As you explore trading LTC to USD on eToroX, for instance, you can view LTC /USD news, analysis, and charts as well as an LTC to USD converter, all designed for professional crypto traders. Of course, a key first step is understanding the meaning of LTC-USD. The two ticker symbols written together as LTC USD is simply an easy way to express the buying of Litecoin with US dollars, with the currency LTC the base currency and USD the quote currency. The base currency is showing a quote for one unit, 1 LTC in USD. The quote currency goes up and down in relation to the 1 Litecoin, meaning if you are quoted LTC price USD at $250, you could buy 1 LTC for $250 US dollars.
The above content is for informational purposes only and should not be construed as financial or any other type of advice. All trading involves the risk of capital loss. Digital Assets trading also involves additional special risks not generally shared with official currencies, goods, or commodities. For more information on the risks please refer to our Risk Disclaimer.