Convert and Swap Litecoin LTC to Malagasy Ariary MGA
LTC/MGA: 1 Litecoin equals MGA 571,211.63 MGA
Last update: 2:47 PM, January 24, 2025
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Litecoin is falling this week.
The current price of Litecoin is MGA 571,211.63 per LTC. With a circulating supply of 75,454,649.554 LTC, it means that Litecoin has a total market cap of MGA 42,842,745,056,571.00. The amount of Litecoin traded has risen by MGA 1,410,944,089,045 in the last 24 hours, which is a 37.78% increase. Additionally, in the last day, MGA 3,734,739,723,726 worth of LTC has been traded.
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About Litecoin
Litecoin is a cryptocurrency that uses a faster payment confirmation schedule and a different cryptographic algorithm than Bitcoin.
Litecoin (LTC) is a peer-to-peer cryptocurrency that aims to provide fast, secure, and low-cost payments by leveraging the unique properties of blockchain technology. It was created based on the Bitcoin protocol, but it differs in terms of the hashing algorithm used, hard cap, block transaction times, and a few other factors. Litecoin has a block time of just 2.5 minutes and extremely low transaction fees, making it suitable for micro-transactions and point-of-sale payments. It was designed to be a "lite version of Bitcoin," featuring many of the same properties as Bitcoin, but lighter in weight.
Litecoin operates on a blockchain-based system, secured by incredibly strong cryptographic defenses, making it practically impossible to crack. Like Bitcoin and several other cryptocurrencies, Litecoin uses the Proof of Work consensus algorithm to ensure transactions are confirmed quickly and without errors. The combined strength of the Litecoin mining network prevents double-spends and a range of other attacks, while ensuring the network has 100% uptime. As of January 2021, 66.245 million LTC have already been mined out of a total maximum supply of 84 million.
Litecoin aims to be a practical alternative to traditional currencies, offering fast and cost-effective transactions. Its main benefit comes from its speed and cost-effectiveness. Litecoin transactions are typically confirmed in just minutes, and transaction fees are nearly negligible. This makes it an attractive alternative to Bitcoin in developing countries, where transaction fees may be the deciding factor on which cryptocurrency to support. As of January 2021, Litecoin is one of the most widely accepted cryptocurrencies, with more than 2,000 merchants and stores now accepting LTC across the globe.
Litecoin was released via an open-source client on GitHub on Oct. 7, 2011, and the Litecoin Network went live five days later on Oct. 13, 2011. Since then, it has grown in both usage and acceptance among merchants and has counted among the top ten cryptocurrencies by market capitalization for most of its existence. The cryptocurrency was created by Charlie Lee, a former Google employee, who intended Litecoin to be a "lite version of Bitcoin." Today, Charlie Lee is an outspoken advocate of cryptocurrencies and is the managing director of the Litecoin Foundation, a non-profit organization that works alongside the Litecoin Core Development team to help advance Litecoin.
How Litecoin and Malagasy Ariary differ
Litecoin (LTC) and Malagasy Ariary (MGA) are two distinct forms of currency, each with its unique characteristics. Litecoin, a peer-to-peer cryptocurrency, operates on a blockchain-based system, striving to provide fast, secure, and low-cost payments. It uses the Proof of Work consensus algorithm to confirm transactions quickly and error-free. With a block time of just 2.5 minutes and minimal transaction fees, Litecoin is suitable for micro-transactions and point-of-sale payments. On the other hand, the Malagasy Ariary is the traditional fiat currency of Madagascar, regulated by a central authority, the Central Bank of Madagascar. Unlike Litecoin, the Ariary's value is influenced by economic factors such as inflation, interest rates, and public debt. Furthermore, while Litecoin transactions are globally accessible and can be conducted from anywhere with internet access, Ariary transactions are primarily limited to Madagascar. Therefore, while Litecoin seeks to be a practical alternative to traditional currencies, offering speed and cost-effectiveness, the Malagasy Ariary serves as the standard medium of exchange within its national borders.
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LTC to Malagasy Ariary conversion tables
The exchange rate of Litecoin is increasing.
The current value of 1 LTC is MGA 571,212 MGA. In other words, to buy 5 Litecoin, it would cost you MGA 2,856,058 MGA. Inversely, MGA 1 MGA would allow you to trade for 0.00000175 LTC while MGA 50 MGA would convert to 0.00008753 LTC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 10.81%. Meanwhile, in the last 24 hours, the rate has changed by 5.4%, and that the the highest exchange rate of 1 LTC to Malagasy Ariary was MGA 571,172.12 MGA and the lowest 24 hour value was 1 LTC for MGA 528,514.32 MGA. This time last month, the value of 1 LTC was MGA 519,734 MGA, which is a 8.48% decrease from where it is now. Looking back a year, Litecoin has changed by MGA 297,969 MGA.
LTC to MGA performance history
Price 24H ago | Change 24H | Price 1W ago | Change 1W | Price 1M ago | Change 1M | Price 1Y ago | Change 1Y |
|---|---|---|---|---|---|---|---|
MGA 543,521.28 MGA | 5.40% | MGA 629,196.01 MGA | -10.81% | MGA 519,733.63 MGA | 8.48% | MGA 297,968.79 MGA | 76.13% |
LTC to MGA
Amount | Today at 2:47 pm |
|---|---|
0.5 LTC | MGA 285,605.82 |
1 LTC | MGA 571,211.63 |
5 LTC | MGA 2,856,058.15 |
10 LTC | MGA 5,712,116.31 |
50 LTC | MGA 28,560,581.55 |
100 LTC | MGA 57,121,163.10 |
500 LTC | MGA 285,605,815.48 |
1,000 LTC | MGA 571,211,630.96 |
MGA to LTC
Amount | Today at 2:47 pm |
|---|---|
0.5 MGA | 0.00000088 LTC |
1 MGA | 0.00000175 LTC |
5 MGA | 0.00000875 LTC |
10 MGA | 0.000018 LTC |
50 MGA | 0.000088 LTC |
100 MGA | 0.000175 LTC |
500 MGA | 0.000875 LTC |
1,000 MGA | 0.0018 LTC |
Today vs. 24 hours ago
Amount | Today at 2:47 pm | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 LTC | MGA 285,605.82 | MGA 271,229.02 | +5.30% |
1 LTC | MGA 571,211.63 | MGA 542,458.03 | +5.30% |
5 LTC | MGA 2,856,058.15 | MGA 2,712,290.16 | +5.30% |
10 LTC | MGA 5,712,116.31 | MGA 5,424,580.33 | +5.30% |
50 LTC | MGA 28,560,581.55 | MGA 27,122,901.65 | +5.30% |
100 LTC | MGA 57,121,163.10 | MGA 54,245,803.30 | +5.30% |
500 LTC | MGA 285,605,815.48 | MGA 271,229,016.49 | +5.30% |
1,000 LTC | MGA 571,211,630.96 | MGA 542,458,032.99 | +5.30% |
Today vs. 1 month ago
Amount | Today at 2:47 pm | 1 months ago | 1M Change |
|---|---|---|---|
0.5 LTC | MGA 285,605.82 | MGA 258,127.30 | +10.65% |
1 LTC | MGA 571,211.63 | MGA 516,254.59 | +10.65% |
5 LTC | MGA 2,856,058.15 | MGA 2,581,272.96 | +10.65% |
10 LTC | MGA 5,712,116.31 | MGA 5,162,545.91 | +10.65% |
50 LTC | MGA 28,560,581.55 | MGA 25,812,729.57 | +10.65% |
100 LTC | MGA 57,121,163.10 | MGA 51,625,459.14 | +10.65% |
500 LTC | MGA 285,605,815.48 | MGA 258,127,295.69 | +10.65% |
1,000 LTC | MGA 571,211,630.96 | MGA 516,254,591.39 | +10.65% |
Today vs. 1 year ago
Amount | Today at 2:47 pm | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 LTC | MGA 285,605.82 | MGA 154,670.49 | +84.65% |
1 LTC | MGA 571,211.63 | MGA 309,340.99 | +84.65% |
5 LTC | MGA 2,856,058.15 | MGA 1,546,704.93 | +84.65% |
10 LTC | MGA 5,712,116.31 | MGA 3,093,409.86 | +84.65% |
50 LTC | MGA 28,560,581.55 | MGA 15,467,049.32 | +84.65% |
100 LTC | MGA 57,121,163.10 | MGA 30,934,098.65 | +84.65% |
500 LTC | MGA 285,605,815.48 | MGA 154,670,493.23 | +84.65% |
1,000 LTC | MGA 571,211,630.96 | MGA 309,340,986.46 | +84.65% |
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