LTC/CNH: what to know
The LTC/CNH rate shows how much CNH you get for 1 LTC. Right now, 1 LTC buys 367.4421 CNH at the mid-market rate. In the other direction, 1 CNH is worth 0.00272152 LTC.
In the short term LTC is driven mainly by crypto-market sentiment, while CNH responds to sentiment toward China and offshore flows.
Litecoin was created in 2011 as the “silver to Bitcoin’s gold”. CNH is the “offshore” version of the Chinese yuan, traded mainly in Hong Kong — hence the “H”.
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.