Litecoin Price Plummets to $114, Sees Largest One-Day Drop Since February 24

Litecoin Price Performance

Litecoin experienced a significant decline in value, trading at $114.16 on the Investing.com Index as of Monday. This represented an 11.18% drop, marking the largest one-day percentage loss since February 24. The cryptocurrency's market cap fell to $9.11B, accounting for 0.48% of the total cryptocurrency market cap. Litecoin's value has dropped 72.82% from its all-time high of $420.00 in December 2017.

Market Context

In the past 24 hours, Litecoin traded within a range of $114.04 to $130.38. Over the last seven days, it saw a 2.57% decline in value. The 24-hour trading volume for Litecoin reached $976.41M, representing 0.41% of the total cryptocurrency trading volume.

Broader Cryptocurrency Market

Bitcoin was last trading at $93,433.20 on the Investing.com Index, down 2.46% on the day. Ethereum, meanwhile, was priced at $2,590.74, dropping 7.60%. Bitcoin's market cap stood at $1,866.72B, representing 98.00% of the total cryptocurrency market cap, while Ethereum's market cap was $319.23B, or 16.76% of the total cryptocurrency market value.

Trading Volume Insights

Litecoin's trading volume over the past seven days ranged from $114.0413 to $139.8777. Despite the recent decline, Litecoin remains a notable player in the cryptocurrency market, though its current price reflects broader market volatility and investor sentiment.