Investing.com Reports 10% Drop in Litecoin Amidst Bearish Trading Conditions

Investing.com – On the Investing.com Index, Litecoin was observed to be trading at a value of $80.546 as of 14:06 (18:06 GMT) on Saturday, experiencing a substantial decline of 10.22% for the day. This downturn is noted as the most significant one-day percentage depreciation since April 12.

Following the downward trend, the market capitalization of Litecoin diminished to $6.085 billion, which constitutes approximately 0.25% of the cumulative market cap of all cryptocurrencies. Litecoin’s market capitalization had previously peaked at $25.609 billion.

In the prior twenty-four hours, the price of Litecoin fluctuated between $80.523 and $86.522.

The week has not been favorable for Litecoin as it witnessed a devaluation of 18.24%. The trading volume for Litecoin in the last 24 hours, at the time this data was recorded, was $1.040 billion. This volume makes up 0.81% of the aggregate trading volume across all cryptocurrencies. The price range for Litecoin over this week has been between $80.4295 to $105.8900.

Considering the current price, Litecoin’s value is still 80.82% below its historic peak of $420.00, achieved on December 12, 2017.

Elsewhere in cryptocurrency trading

Bitcoin was seen trading at $66,600.4 according to the latest data from the Investing.com Index, marking a decrease of 2.27% on the day.

Meanwhile, Ethereum registered a value of $3,186.23 on the Investing.com Index, reflecting a 4.24% downturn.

The market capitalization of Bitcoin stood at approximately $1,314.242 billion, or 54.83% of the total market cap of all digital currencies, while Ethereum’s market cap was at around $384.332 billion, accounting for 16.04% of the total value of the cryptocurrency market.