CAD/LTC: what to know
The CAD/LTC rate shows how much LTC you get for 1 CAD. Right now, 1 CAD buys 0.0132 LTC at the mid-market rate. In the other direction, 1 LTC is worth 75.9304 CAD.
In the short term CAD is driven mainly by oil prices and the US economy, while LTC responds to crypto-market sentiment.
The Canadian Dollar (CAD) is issued by Bank of Canada. The C$1 coin is the “loonie” (after the loon bird) and the C$2 is the “toonie”. Litecoin was created in 2011 as the “silver to Bitcoin’s gold”.
Over the past 12 months the CAD/LTC rate has ranged between 0.00566295 and 0.0172 — a change of +120.55% 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.