Home Cryptocurrency Litecoin’s value increases by 10% in a recent surge, showing positive market momentum for investors.

Litecoin’s value increases by 10% in a recent surge, showing positive market momentum for investors.

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Litecoin’s value increases by 10% in a recent surge, showing positive market momentum for investors.

Litecoin Surges 10% in Recent Rally

Litecoin’s Impressive Performance

Litecoin made significant gains, reaching $92.512 by 09:15 (14:15 GMT) on the Investing.com Index on Saturday, marking a 10.06% increase in a single day. This surge represented the largest one-day percentage gain since June 30, 2023.

Market Cap and Trading Range

This upward movement propelled Litecoin’s market cap to $6.840B, accounting for 0.29% of the total cryptocurrency market cap. Previously, Litecoin’s market cap had peaked at $25.609B. The trading range for Litecoin fluctuated between $84.487 and $92.910 over the past twenty-four hours.

Recent Performance and Volume

Over the last seven days, Litecoin demonstrated a substantial 31.39% increase in value. The volume of Litecoin traded in the past twenty-four hours amounted to $907.389M, representing 0.83% of the total cryptocurrency volume. Within the previous week, Litecoin’s trading range spanned from $69.1125 to $92.9103.

Comparison with All-Time High

Despite its recent gains, Litecoin is still down by 77.97% from its all-time high of $420.00, established on December 12, 2017.

Other Cryptocurrencies Market Update

Bitcoin recorded a price of $61,793.2 on the Investing.com Index, indicating a 1.05% decline. Ethereum, on the other hand, was valued at $3,409.26 on the same index, reflecting a decrease of 0.83%.

Bitcoin’s market cap stood at $1,215.926B, constituting 52.13% of the total cryptocurrency market cap, while Ethereum’s market cap reached $410.318B, equivalent to 17.59% of the total market value.