The Recent Plunge of Litecoin in the Cryptocurrency Market
Litecoin’s Significant Drop in Value
Litecoin witnessed a notable decline in value, with its price plummeting to $81.138 by 03:22 (07:22 GMT) on the Investing.com Index on Sunday, marking a substantial 10.15% decrease in a single day. This downturn represents the most significant one-day percentage loss since January 3.
Market Cap Impact
The sharp downward trend dragged Litecoin’s market capitalization to $6.123B, which accounts for merely 0.25% of the overall cryptocurrency market cap. In contrast, the digital currency had achieved a market cap peak of $25.609B previously.
Trading Performance
Within the previous twenty-four hours, Litecoin’s trading range oscillated between $81.138 and $86.317. Over the past week, Litecoin experienced a 7.53% decrease in value, with a trading volume of $634.902M, constituting 0.43% of the total cryptocurrency trading volume. The coin’s price fluctuated between $81.1377 and $105.6173 during this seven-day period.
Comparison to All-Time High
Despite its current price, Litecoin remains substantially lower by 80.68% from its all-time high of $420.00, established on December 12, 2017.
Other Cryptocurrency Performance
Bitcoin saw a decline to $64,816.9 on the Investing.com Index, reflecting a 6.64% drop. Similarly, Ethereum’s price decreased to $3,425.27, marking an 8.08% loss. Bitcoin and Ethereum held market caps of $1,280.539B and $413.374B, representing 52.18% and 16.84% of the total cryptocurrency market value, respectively.
