RON/LTC: what to know
The RON/LTC rate shows how much LTC you get for 1 RON. Right now, 1 RON buys 0.00401682 LTC at the mid-market rate. In the other direction, 1 LTC is worth 248.9529 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while LTC responds to crypto-market sentiment.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. Litecoin was created in 2011 as the “silver to Bitcoin’s gold”.
Over the past 12 months the RON/LTC rate has ranged between 0.00180340 and 0.00531273 — a change of +109.93% 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.