LTC/EUR: what to know
The LTC/EUR rate shows how much EUR you get for 1 LTC. Right now, 1 LTC buys 43.8461 EUR at the mid-market rate. In the other direction, 1 EUR is worth 0.0228 LTC.
In the short term LTC is driven mainly by crypto-market sentiment, while EUR responds to ECB policy and eurozone growth.
Litecoin was created in 2011 as the “silver to Bitcoin’s gold”. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
Over the past 12 months the LTC/EUR rate has ranged between 35.9724 and 108.8803 — a change of -53.36% 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.