Litecoin Decline and Cryptocurrency Market Overview

Litecoin's Market Performance

Litecoin experienced a significant decline, trading at $102.352, marking an 11.37% drop in one day. This was the cryptocurrency's largest single-day percentage loss since December 18. The steep decrease reduced Litecoin's market cap to $7.854 billion, representing 0.41% of the entire cryptocurrency market. Previously, Litecoin's market cap reached a high of $25.609 billion.

In the last 24 hours, Litecoin fluctuated between $100.857 and $111.649. Over the past week, Litecoin's value fell by 14.73%. The trading volume for Litecoin was $1.775 billion, accounting for 0.75% of the total cryptocurrency trading volume. The weekly trading range spanned from $100.8572 to $131.3271. Despite current figures, Litecoin remains 75.63% below its all-time high of $420.00 achieved on December 12, 2017.

Broader Cryptocurrency Market Trends

In the wider cryptocurrency market, Bitcoin was recorded at $98,168.4, reflecting a 6.19% decrease. Ethereum's value also dropped, trading at $3,458.78 with a 10.85% loss. Bitcoin's market cap stood at $1.959 trillion, making up 102.87% of the total cryptocurrency market cap. Meanwhile, Ethereum's market cap reached $423.792 billion, accounting for 22.25% of the total market value.

These trends indicate a broader downturn in the cryptocurrency market, affecting major digital currencies alongside Litecoin. Understanding these shifts is essential for investors navigating the volatile landscape of digital assets.