LTC/CNY: what to know
The LTC/CNY rate shows how much CNY you get for 1 LTC. Right now, 1 LTC buys 367.3935 CNY at the mid-market rate. In the other direction, 1 CNY is worth 0.00272188 LTC.
In the short term LTC is driven mainly by crypto-market sentiment, while CNY responds to PBoC decisions and Chinese growth.
Litecoin was created in 2011 as the “silver to Bitcoin’s gold”. The Chinese Yuan (CNY) is issued by People’s Bank of China. One yuan = 10 jiao = 100 fen.
Over the past 12 months the LTC/CNY rate has ranged between 277.5482 and 897.1402 — a change of -55.01% 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.