LTC/BTC: what to know
The LTC/BTC rate shows how much BTC you get for 1 LTC. Right now, 1 LTC buys 0.000710162 BTC at the mid-market rate. In the other direction, 1 BTC is worth 1,408.13 LTC.
In the short term LTC is driven mainly by crypto-market sentiment, while BTC responds to crypto-market sentiment and liquidity.
Litecoin was created in 2011 as the “silver to Bitcoin’s gold”. The supply is capped at 21 million coins.
Over the past 12 months the LTC/BTC rate has ranged between 0.000617284 and 0.00106769 — a change of -32.51% 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.