Litecoin Experiences Significant Daily Gains Amid Market Volatility

Litecoin's Notable Price Increase

Litecoin experienced a significant price increase, climbing 11.44% to trade at $116.966. This marked its largest one-day percentage gain since early December. The surge propelled Litecoin's market capitalization to $8.887 billion, accounting for 0.25% of the total cryptocurrency market cap. Historically, its market cap reached a peak of $25.609 billion.

Recent Trading Activity

In the past 24 hours, Litecoin's trading range extended from $106.157 to $118.254. Despite the recent upswing, Litecoin's value dropped by 8.94% over the last week. The trading volume for Litecoin reached $1.571 billion, representing 0.58% of the overall cryptocurrency market volume. Within the past week, its price fluctuated between $101.3821 and $146.4875.

Long-Term Performance

Despite recent gains, Litecoin remains significantly below its all-time high of $420.00, recorded on December 12, 2017. Currently, it is down 72.15% from that peak.

Broader Cryptocurrency Context

In the broader cryptocurrency market, Bitcoin was trading at $100,261.0, up by 4.81% for the day. Ethereum also saw an increase, trading at $3,793.05, marking a 6.37% gain. Bitcoin's market cap stood at $1,988.085 billion, making up 55.43% of the total market cap. Meanwhile, Ethereum's market cap was $457.137 billion, comprising 12.74% of the market's total value.

This dynamic movement in Litecoin and other major cryptocurrencies highlights ongoing volatility and investor activity in the digital currency sector.