Litecoin, one of the prominent cryptocurrencies, experienced a significant drop, falling to $77.458 by 19:22 (23:22 GMT) on the Investing.com Index on Tuesday, marking an 11% decline, the largest in a single day since March 19.
This downward movement pushed Litecoin’s market capitalization to $5.779 billion, representing 0.25% of the total cryptocurrency market cap. At its peak, Litecoin’s market cap reached $25.609 billion.
In the previous twenty-four hours, Litecoin’s trading range fluctuated between $77.458 and $87.739.
Over the past week, Litecoin has witnessed a notable decrease in value, losing 20.15%. The trading volume for Litecoin within the last twenty-four hours stood at $979.628 million, constituting 0.53% of the total volume of all cryptocurrencies. Litecoin’s price ranged from $77.4579 to $98.8706 during the past seven days.
At its current price, Litecoin remains substantially lower, down 81.56% from its all-time high of $420.00, recorded on December 12, 2017.
In other cryptocurrency movements, Bitcoin was last observed at $61,827.4 on the Investing.com Index, showing an 8.53% decrease on the day. Ethereum also experienced a decline, trading at $3,156.46 on the Investing.com Index, reflecting a loss of 10.38%.
Bitcoin’s market capitalization currently stands at $1.221 trillion, accounting for 52.44% of the total cryptocurrency market cap, while Ethereum’s market cap totals $381.787 billion, representing 16.39% of the total cryptocurrency market value.
Despite the recent volatility, cryptocurrency markets remain dynamic, offering both risks and opportunities for investors.
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