Litecoin Experiences Significant One-Day Loss Amid Market Volatility

Litecoin's Market Performance

Litecoin experienced a significant decline, trading at $87.484, marking a 10.26% loss. This drop is the largest single-day percentage decrease since April 12. The downward movement reduced Litecoin's market capitalization to $7.013 billion, accounting for 0.28% of the total cryptocurrency market cap. Previously, Litecoin reached a market cap peak of $25.609 billion.

Recent Trading Range and Volume

In the past 24 hours, Litecoin traded between $86.478 and $99.523. Over the last week, the cryptocurrency's value has decreased by 3%. The trading volume in the last 24 hours reached $625.074 million, representing 0.79% of the total cryptocurrency trading volume. During the week, Litecoin's price fluctuated between $86.4779 and $105.8900.

Historical Context

Currently, Litecoin's value is down 79.17% from its all-time high of $420.00, recorded on December 12, 2017. This historical perspective highlights the volatility and challenges in the cryptocurrency market.

Broader Cryptocurrency Market Trends

In the broader cryptocurrency landscape, Bitcoin was last recorded at $67,591.5, experiencing a 3.47% decline. Meanwhile, Ethereum traded at $3,311.82, with a 5.51% loss. Bitcoin's market cap stood at $1,350.500 billion, accounting for 53.13% of the total market cap, while Ethereum's market cap was $409.700 billion, making up 16.12% of the total cryptocurrency market value.

These figures underscore the fluctuating nature of the cryptocurrency market, where significant shifts can impact both individual digital currencies and overall market trends.