Litecoin Price Drops to $111.583 with Significant Market Losses
Litecoin's Recent Price Drop
Litecoin's price fell sharply to $111.583 on Monday, marking a 10.14% decline, its largest one-day percentage loss since December 18, 2024. This downward movement reduced its market cap to $8.495B, representing 0.45% of the total cryptocurrency market cap.
Market Performance and Trends
Over the past 24 hours, Litecoin traded between $111.546 and $117.852. In the last seven days, its value dropped by 3.92%, with trading volumes reaching $739.039M, or 0.31% of the total cryptocurrency volume. Despite this, Litecoin remains 73.43% below its all-time high of $420.00, set on December 12, 2017.
Broader Cryptocurrency Market Insights
Bitcoin and Ethereum also saw significant declines, with Bitcoin falling 5.22% to $99,510.7 and Ethereum dropping 7.07% to $3,106.30. Bitcoin's market cap dominated at $1,978.431B, or 103.86% of the total market, while Ethereum's market cap stood at $374.301B, or 19.65% of the total cryptocurrency value.
This summary provides a concise overview of Litecoin's recent market performance and its position within the broader cryptocurrency landscape.
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