Litecoin Drops 10% Amid Downturn in Market Sentiment, Reports Investing.com
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Investing.com – On Saturday, Litecoin was seen at $124.387 as of 00:58 (05:58 GMT) on the Investing.com Index, declining by 10.44% for the day. This drop marks the most significant single-day fall since December 18, 2024.
This downward trend reduced Litecoin’s market capitalization to $9.630B, making up 0.27% of the entire market valuation for cryptocurrencies. Previously, Litecoin’s market capitalization had peaked at $25.609B.
Within the past 24 hours, Litecoin has been trading between $124.387 and $139.367.
Looking at the weekly stats, Litecoin has experienced growth, appreciating by 23.21%. During the last 24 hours at the time of writing, the trade volume for Litecoin stood at $1.802B, representing 1.03% of the aggregate trade volume for all cryptocurrencies. Its trading range over the last week has been $93.2916 to $140.7928.
Currently, Litecoin’s value is 70.38% lower than its record high of $420.00 reached on December 12, 2017.
Cryptocurrency Market Update
Bitcoin was recorded at $102,912.3 on the Investing.com Index, a surge of 1.53% on the day.
Meanwhile, Ethereum registered a value of $3,293.27 on the Investing.com Index, down by 2.23%.
The market capitalization of Bitcoin was last seen at $2,049.969B or 57.06% of the total market cap for cryptocurrencies, while Ethereum’s market cap was $400.262B, which is 11.14% of the total market value.
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