CNY/LTC: what to know
The CNY/LTC rate shows how much LTC you get for 1 CNY. Right now, 1 CNY buys 0.00271627 LTC at the mid-market rate. In the other direction, 1 LTC is worth 368.1515 CNY.
In the short term CNY is driven mainly by PBoC decisions and Chinese growth, while LTC responds to crypto-market sentiment.
The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen. Litecoin was created in 2011 as the “silver to Bitcoin’s gold”.
Over the past 12 months the CNY/LTC rate has ranged between 0.00111465 and 0.00360298 — a change of +122.29% 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.