BTC/LTC: what to know
The BTC/LTC rate shows how much LTC you get for 1 BTC. Right now, 1 BTC buys 1,408.09 LTC at the mid-market rate. In the other direction, 1 LTC is worth 0.000710181 BTC.
In the short term BTC is driven mainly by crypto-market sentiment and liquidity, while LTC responds to crypto-market sentiment.
The supply is capped at 21 million coins. Litecoin was created in 2011 as the “silver to Bitcoin’s gold”.
Over the past 12 months the BTC/LTC rate has ranged between 936.5989 and 1,620.00 — a change of +48.17% versus a year ago.
Because this pair involves a cryptocurrency, expect much higher volatility than typical fiat pairs. Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.