USD/LTC: what to know
The USD/LTC rate shows how much LTC you get for 1 USD. Right now, 1 USD buys 0.0196 LTC at the mid-market rate. In the other direction, 1 LTC is worth 51.1300 USD.
In the short term USD is driven mainly by Fed policy, US growth and global risk appetite, while LTC responds to crypto-market sentiment.
The US Dollar (USD) is issued by Federal Reserve (Fed). Most of the world’s central-bank reserves are held in US dollars. Litecoin was created in 2011 as the “silver to Bitcoin’s gold”.
Over the past 12 months the USD/LTC rate has ranged between 0.007939 and 0.0245 — a change of +115.70% 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.