Litecoin Experiences Significant One-Day Decline

Litecoin's Market Dynamics

Litecoin experienced a notable decrease, trading at $115.997, marking a 10.47% drop. This represents the largest single-day percentage decline since early December. This downward trend reduced its market capitalization to $8.710 billion, accounting for 0.24% of the total cryptocurrency market cap. Previously, Litecoin reached a market cap peak of $25.609 billion.

Recent Trading Range and Performance

In the last 24 hours, Litecoin's trading fluctuated between $114.595 and $128.873. Over the past week, its value has shown minimal movement, with only a 0.17% change. The trading volume for Litecoin was $2.112 billion within this period, making up 1.11% of the total cryptocurrency trading volume. Over the last seven days, the price range has been $114.5862 to $131.3271.

Long-term Value Comparison

Currently, Litecoin's value remains significantly lower, down 72.38% from its all-time high of $420.00, which was set in December 2017. This drastic difference highlights the volatility and challenges within the cryptocurrency market.

Broader Cryptocurrency Market Context

In comparison, Bitcoin was last recorded at $104,716.4, experiencing a 2.60% decrease. Ethereum also saw a decline, trading at $3,885.72, with a 2.26% loss. Bitcoin's market cap stood at $2,072.236 billion, making up 56.71% of the total market cap. Meanwhile, Ethereum's market cap was $467.544 billion, representing 12.79% of the total market value.