Litecoin Drops Amidst Cryptocurrency Market Fluctuations

Litecoin Market Trends

Litecoin experienced a significant decline, trading at $114.537, marking a 10.22% drop. This was its largest one-day percentage loss since December 2024. The decline reduced Litecoin's market cap to $8.708 billion, representing 0.24% of the total cryptocurrency market cap, a substantial decrease from its peak market cap of $25.609 billion.

Weekly Performance and Trading Range

Despite the recent downturn, Litecoin had shown a positive trend over the past week, gaining 11.73% in value. Within the last 24 hours, Litecoin traded between $114.537 and $128.582, while over the past week, it fluctuated between $93.2916 and $140.7928. The trading volume within the same 24-hour period was $1.218 billion, accounting for 0.56% of the total cryptocurrency trading volume.

Long-term Price Perspective

Currently, Litecoin remains 72.73% below its all-time high of $420, recorded on December 12, 2017. This significant gap underscores the volatility and challenges within the cryptocurrency market.

Broader Cryptocurrency Market Overview

In contrast, Bitcoin was trading at $104,489.9, an increase of 0.88%. Ethereum, however, saw a decline, trading at $3,133.65, down by 5.45%. Bitcoin's market capitalization reached $2,071.204 billion, making up 57.62% of the total cryptocurrency market, while Ethereum's market cap stood at $379.178 billion, comprising 10.55% of the market.

The fluctuations in Litecoin, alongside movements in Bitcoin and Ethereum, reflect the dynamic and often unpredictable nature of the cryptocurrency market. Understanding these trends is crucial for investors navigating this volatile landscape.