Litecoin Price Plummets to 10.78% Daily Loss Amid Cryptocurrency Market Downturn
Litecoin's Recent Performance
Litecoin's price fell sharply to $59.170 on Wednesday, marking a 10.78% daily loss, its largest single-day percentage drop since November 8. This decline pushed its market cap down to $4.173B, representing 0.46% of the total cryptocurrency market. Over the past 24 hours, Litecoin traded between $56.950 and $59.730.
Despite the recent downturn, Litecoin has shown a 5.57% increase in value over the past seven days. Its 24-hour trading volume was $1.958B, accounting for 0.92% of the total cryptocurrency volume. However, at its current price, Litecoin remains 85.91% below its all-time high of $420.00, reached on December 12, 2017.
Broader Cryptocurrency Market Trends
The cryptocurrency market experienced a significant downturn, with Bitcoin and Ethereum also posting notable losses. Bitcoin dropped 10.96% to $18,210.4, while Ethereum fell 15.42% to $1,303.19.
Bitcoin's market cap stood at $347.512B, representing 38.72% of the total cryptocurrency market cap. Ethereum's market cap was $157.976B, accounting for 17.60% of the total market value. These declines reflect broader volatility in the cryptocurrency sector.
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