Litecoin Faces Significant One-Day Loss

Litecoin's Market Decline

Litecoin experienced a notable drop, trading at $103.102, marking a 10.01% decrease, the largest one-day percentage loss since December 2024. This decline reduced Litecoin's market cap to $7.842 billion, representing 0.23% of the overall cryptocurrency market cap. Historically, Litecoin's market cap peaked at $25.609 billion, highlighting the significant reduction in its market valuation.

Trading Range and Volume

Over the past 24 hours, Litecoin traded between $103.095 and $114.840. Despite this fluctuation, the cryptocurrency has shown minimal movement over the past week, increasing only 0.84%. The trading volume reached $801.753 million, accounting for 0.53% of the total cryptocurrency trading volume. This indicates a moderate level of trading activity compared to the broader market.

Long-Term Price Trends

Currently, Litecoin's price remains 75.45% below its all-time high of $420.00, achieved in December 2017. This long-term decline reflects the broader volatility and challenges faced by cryptocurrencies in maintaining peak valuations.

Broader Cryptocurrency Market Context

In the wider cryptocurrency sphere, Bitcoin and Ethereum also faced declines. Bitcoin was priced at $96,414.9, a 5.32% decrease, while Ethereum traded at $3,385.03, down 8.21%. Bitcoin's market cap stood at $1.912 trillion, accounting for 56.44% of the total cryptocurrency market cap. Ethereum's market cap was $410.529 billion, representing 12.12% of the total market value. These statistics underscore the current volatility affecting major cryptocurrencies.