Convert and Swap Litecoin LTC to Malagasy Ariary MGA
LTC/MGA: 1 Litecoin equals MGA 488,584.46 MGA
Last update: 4:47 AM, December 23, 2024
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Litecoin is falling this week.
The current price of Litecoin is MGA 488,584.46 per LTC. With a circulating supply of 75,336,668.304 LTC, it means that Litecoin has a total market cap of MGA 36,817,086,385,613.52. The amount of Litecoin traded has fallen by MGA 794,185,174,658 in the last 24 hours, which is a 24.45% decrease. Additionally, in the last day, MGA 3,248,702,241,563 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.
Frequently asked questions
How much is 1 Litecoin in MGA?
Right now, 1 Litecoin is worth about MGA 488,584.46.
How much LTC could I buy for 1 MGA?
Based on the current rate, you could get 0.00000205 LTC for 1 MGA.
How much has the price of Litecoin changed?
Litecoin price has been on the rise. Since yesterday, the exchange rate of Litecoin has increased. Since last month, the exchange rate of Litecoin has decreased. Since this time last year, the price of Litecoin has increased.
How do I calculate or convert LTC to MGA?
You can use our LTC to MGA calculator at the top of this page to convert any amount of LTC to MGA. We've also created a couple of quick reference tables for the most popular conversions. For example, 5 MGA is equivalent to 0.00001 LTC. Inversely, 5 LTC will cost about MGA 2,442,922.3
How can I buy 1 Litecoin on Coinbase?
Litecoin is currently available to buy on Coinbase's centralized exchange. Check out our guide to get more detailed instructions on how to buy Litecoin.
What are assets similar to Litecoin that I can buy?
There are a number of crypto assets that have the a similar or comparable market cap to Litecoin, including Polygon, Wrapped Bitcoin, and Toncoin. For a more robust list of assets to explore, jump to the asset page dedicated to Litecoin.
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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 488,584 MGA. In other words, to buy 5 Litecoin, it would cost you MGA 2,442,922 MGA. Inversely, MGA 1 MGA would allow you to trade for 0.00000205 LTC while MGA 50 MGA would convert to 0.00010234 LTC, not including platform or gas fees.
In the last 7 days, the exchange rate has fallen by 13.7%. Meanwhile, in the last 24 hours, the rate has changed by 0.64%, and that the the highest exchange rate of 1 LTC to Malagasy Ariary was MGA 488,433.59 MGA and the lowest 24 hour value was 1 LTC for MGA 454,544.97 MGA. This time last month, the value of 1 LTC was MGA 484,873 MGA, which is a 0.31% decrease from where it is now. Looking back a year, Litecoin has changed by MGA 333,271 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 469,055.22 MGA | 0.64% | MGA 572,445.91 MGA | -13.70% | MGA 484,873.31 MGA | 0.31% | MGA 333,271.01 MGA | 37.50% |
LTC to MGA
Amount | Today at 4:47 am |
|---|---|
0.5 LTC | MGA 244,292.23 |
1 LTC | MGA 488,584.46 |
5 LTC | MGA 2,442,922.30 |
10 LTC | MGA 4,885,844.61 |
50 LTC | MGA 24,429,223.03 |
100 LTC | MGA 48,858,446.06 |
500 LTC | MGA 244,292,230.28 |
1,000 LTC | MGA 488,584,460.55 |
MGA to LTC
Amount | Today at 4:47 am |
|---|---|
0.5 MGA | 0.00000102 LTC |
1 MGA | 0.00000205 LTC |
5 MGA | 0.000010 LTC |
10 MGA | 0.000020 LTC |
50 MGA | 0.000102 LTC |
100 MGA | 0.000205 LTC |
500 MGA | 0.0010 LTC |
1,000 MGA | 0.0020 LTC |
Today vs. 24 hours ago
Amount | Today at 4:47 am | 24 hours ago | 24H Change |
|---|---|---|---|
0.5 LTC | MGA 244,292.23 | MGA 235,541.36 | +3.72% |
1 LTC | MGA 488,584.46 | MGA 471,082.72 | +3.72% |
5 LTC | MGA 2,442,922.30 | MGA 2,355,413.58 | +3.72% |
10 LTC | MGA 4,885,844.61 | MGA 4,710,827.16 | +3.72% |
50 LTC | MGA 24,429,223.03 | MGA 23,554,135.81 | +3.72% |
100 LTC | MGA 48,858,446.06 | MGA 47,108,271.61 | +3.72% |
500 LTC | MGA 244,292,230.28 | MGA 235,541,358.06 | +3.72% |
1,000 LTC | MGA 488,584,460.55 | MGA 471,082,716.12 | +3.72% |
Today vs. 1 month ago
Amount | Today at 4:47 am | 1 months ago | 1M Change |
|---|---|---|---|
0.5 LTC | MGA 244,292.23 | MGA 245,213.37 | -0.38% |
1 LTC | MGA 488,584.46 | MGA 490,426.75 | -0.38% |
5 LTC | MGA 2,442,922.30 | MGA 2,452,133.75 | -0.38% |
10 LTC | MGA 4,885,844.61 | MGA 4,904,267.49 | -0.38% |
50 LTC | MGA 24,429,223.03 | MGA 24,521,337.47 | -0.38% |
100 LTC | MGA 48,858,446.06 | MGA 49,042,674.94 | -0.38% |
500 LTC | MGA 244,292,230.28 | MGA 245,213,374.72 | -0.38% |
1,000 LTC | MGA 488,584,460.55 | MGA 490,426,749.44 | -0.38% |
Today vs. 1 year ago
Amount | Today at 4:47 am | 1 year ago | 1Y Change |
|---|---|---|---|
0.5 LTC | MGA 244,292.23 | MGA 171,238.39 | +42.66% |
1 LTC | MGA 488,584.46 | MGA 342,476.78 | +42.66% |
5 LTC | MGA 2,442,922.30 | MGA 1,712,383.90 | +42.66% |
10 LTC | MGA 4,885,844.61 | MGA 3,424,767.80 | +42.66% |
50 LTC | MGA 24,429,223.03 | MGA 17,123,839.02 | +42.66% |
100 LTC | MGA 48,858,446.06 | MGA 34,247,678.03 | +42.66% |
500 LTC | MGA 244,292,230.28 | MGA 171,238,390.17 | +42.66% |
1,000 LTC | MGA 488,584,460.55 | MGA 342,476,780.33 | +42.66% |
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