Litecoin Drops 10.69% Amidst Bearish Market Activity, Reports Investing.com

© Reuters Litecoin Declines 10.69% Amidst Negative Market Sentiment

Investing.com – Litecoin registered a price of $77.458 at 23:22 (23:22 GMT) on Tuesday according to the Investing.com Index, seeing a significant slump of 10.69% over the past day. This downturn marked the steepest daily percentage decline since August 17, 2023.

With this recent depreciation, Litecoin’s market valuation plummeted to $5.779B, equivalent to 0.25% of the cumulative cryptocurrency market capitalization. Previously, Litecoin’s market capitalization reached a peak of $25.609B.

In the past 24 hours, the trading prices of Litecoin varied, ranging between $77.458 and $87.739.

During the preceding week, the value of Litecoin has diminished, observing a 20.15% decrease. The trading volume of Litecoin amounted to $979.628M or 0.53% of the entire volume of all cryptocurrencies over the last 24 hours. Its value has fluctuated between $77.4579 and $98.8706 over this 7-day period.

Currently, Litecoin’s value represents a decline of 81.56% from its historical peak of $420.00 reached on December 12, 2017.

Cryptocurrency Market Developments

Bitcoin’s last recorded price on the Investing.com Index was $61,838.0, indicating an 8.53% fall for the day.

On the Investing.com Index, Ethereum was priced at $3,156.51, reflecting a downturn of 10.38%.

Bitcoin’s total market cap now stands at $1,221.508B or 52.44% of the global cryptocurrency market cap, whereas Ethereum’s market cap has reached $381.787B or 16.39% of the total market capitalization.