LTC/USD: what to know
The LTC/USD rate shows how much USD you get for 1 LTC. Right now, 1 LTC buys 51.0000 USD at the mid-market rate. In the other direction, 1 USD is worth 0.0196 LTC.
In the short term LTC is driven mainly by crypto-market sentiment, while USD responds to Fed policy, US growth and global risk appetite.
Litecoin was created in 2011 as the “silver to Bitcoin’s gold”. The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars.
Over the past 12 months the LTC/USD rate has ranged between 40.8700 and 125.9533 — a change of -53.64% 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.