Litecoin Drops 10.65% Amid Negative Market Sentiment, Reports Investing.com

Investing.com – Litecoin witnessed a significant downturn in its trading price, plummeting to $64.470 at 01:04 (00:04 GMT) on Friday on the Investing.com Index, registering a sharp 10.65% decline for the day. This marked the steepest single-day drop since April 12.

Such a downward trajectory reduced Litecoin’s market valuation to $4.880B, making up 0.23% of the cumulative market capitalization for all cryptocurrencies. Previously, Litecoin’s market cap had peaked at $25.609B.

In the past 24 hours, the trading price of Litecoin fluctuated between $64.448 and $65.523.

Reflecting on the past week, the value of Litecoin has gone downhill with a 10.68% loss. During the same period, $449.109M in Litecoin changed hands, accounting for 0.47% of the aggregate trading volume of all digital currencies. Its weekly trading range was from a low of $64.4481 to a high of $76.7572.

Considering the present trading price, Litecoin still trails behind its historic peak of $420.00, reached on December 12, 2017, by 84.65%.

Other Cryptocurrency Market Movements

Bitcoin’s latest position was $56,897.1 on Investing.com Index, with a downturn of 5.48% for the day.

Meanwhile, Ethereum traded at $3,047.22 via the same Index, declining by 7.52%.

The total market cap of Bitcoin was recorded at $1,123.569B, amounting to 53.75% of the global cryptocurrency market cap, whereas Ethereum’s market valuation stood at $368.069B, representing 17.61% of the overall market capitalization for cryptocurrencies.