Litecoin

Litecoin is a cryptocurrency that serves as the basis for the peer-to-peer payment system of the same name. It appeared as a result of a Bitcoin fork, becoming the second such currency after Namecoin. The price of the cryptocurrency depends on the balance of supply and demand on the exchange. Litecoin quotes, as well as those other cryptocurrencies, are calculated according to the generally accepted method used on the Chicago Mercantile Exchange. These calculations are based on data from several major online exchanges, such as GDAX, Kraken, Poloniex, Bitstamp, Bitfinex, and Binance. As a result, Litecoin responds to the slightest changes in market conditions on our platform.