LTC/CAD: what to know
The LTC/CAD rate shows how much CAD you get for 1 LTC. Right now, 1 LTC buys 76.2078 CAD at the mid-market rate. In the other direction, 1 CAD is worth 0.0131 LTC.
In the short term LTC is driven mainly by crypto-market sentiment, while CAD responds to oil prices and the US economy.
Litecoin was created in 2011 as the “silver to Bitcoin’s gold”. 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”.
Over the past 12 months the LTC/CAD rate has ranged between 58.0407 and 176.5865 — a change of -54.66% 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.