Litecoin Plummets to 11% Daily Loss Amid Broader Crypto Market Downturn
Litecoin's Sharp Decline
Litecoin's price tumbled 11.05% to $86.51 on Monday, marking its largest single-day percentage drop since March 3. This downturn pushed its market cap down to $6.70B, representing just 0.26% of the total cryptocurrency market.
Recent Trading Range and Volume
In the past 24 hours, Litecoin traded between $86.48 and $98.91. Over the last seven days, its value plummeted 21.24%, with trading volume reaching $962.36M, or 0.72% of the total crypto market volume.
Litecoin's Long-Term Perspective
Despite its current struggles, Litecoin remains down 79.40% from its all-time high of $420.00, set on December 12, 2017.
Broader Crypto Market Performance
Bitcoin fell 6.13% to $77,542.2, while Ethereum dropped 9.80% to $1,823.53. Bitcoin's market cap dominated at $1,550.53B (60.53% of the total crypto market), followed by Ethereum at $228.48B (8.92%).
Litecoin's resilience will be tested as the crypto market continues to navigate volatility.
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