Litecoin Price Plummets to Lowest in Months Amid Market Downturn
Litecoin Price Plummets to Lowest in Months Amid Market Downturn
Litecoin's price fell sharply on Thursday, trading at $52.890 on the Investing.com Index by 22:33 (03:33 GMT). This represented a 10.87% drop, the largest one-day percentage loss since November 9. The decline pushed Litecoin's market cap down to $3.813B, accounting for 0.46% of the total cryptocurrency market cap.
Over the past 24 hours, Litecoin fluctuated between $50.080 and $53.670. The cryptocurrency has also seen a significant drop over the past seven days, losing 16.59% of its value. Trading volume for Litecoin reached $1.736B in the last 24 hours, representing 0.92% of the total volume of all cryptocurrencies.
Litecoin remains far below its all-time high of $420.00, set on December 12, 2017, with its current price reflecting an 87.41% decline from that peak.
Broader Cryptocurrency Market Suffers Losses
The downturn in Litecoin's price was part of a broader market decline. Bitcoin fell 10.81% to $16,329.9, while Ethereum dropped 9.73% to $1,169.32.
Bitcoin's market cap stood at $315.767B, representing 38.28% of the total cryptocurrency market cap. Ethereum's market cap was $143.344B, accounting for 17.38% of the total market value.
The cryptocurrency market as a whole experienced significant volatility, with major coins posting substantial losses amid ongoing uncertainty.
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