ISK/LTC: what to know
The ISK/LTC rate shows how much LTC you get for 1 ISK. Right now, 1 ISK buys 0.000151388 LTC at the mid-market rate. In the other direction, 1 LTC is worth 6,605.55 ISK.
In the short term ISK is driven mainly by tourism, fishing and commodity prices, while LTC responds to crypto-market sentiment.
The Icelandic Krona (ISK) is issued by Central Bank of Iceland. After the 2008 crisis Iceland withdrew its cents (aurar) — only whole krónur circulate. Litecoin was created in 2011 as the “silver to Bitcoin’s gold”.
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.