LTC/JPY: what to know
The LTC/JPY rate shows how much JPY you get for 1 LTC. Right now, 1 LTC buys 7,644.00 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.000131 LTC.
In the short term LTC is driven mainly by crypto-market sentiment, while JPY responds to Bank of Japan policy and global risk appetite.
Litecoin was created in 2011 as the “silver to Bitcoin’s gold”. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
Over the past 12 months the LTC/JPY rate has ranged between 6,613.05 and 19,262.36 — a change of -55.55% 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.