Litecoin Surges 10% in Largest Daily Gain Since April
Litecoin Sees Significant Price Increase
Litecoin surged 10.15% to $76.34 on Wednesday, marking its largest one-day gain since April 9. This upward movement pushed its market cap to $5.75B, representing 0.22% of the total cryptocurrency market.
Trading Volume and Recent Performance
In the past 24 hours, Litecoin traded between $66.58 and $76.64, with a total volume of $688.49M, accounting for 0.46% of all cryptocurrency trades. Despite this rally, Litecoin has dropped 10.7% over the past seven days, trading in a range of $63.51 to $85.09.
Litecoin's Long-Term Perspective
Litecoin remains 81.82% below its all-time high of $420.00, reached on December 12, 2017. Its current price reflects ongoing volatility in the cryptocurrency market.
Broader Cryptocurrency Market
Bitcoin and Ethereum also saw gains, with Bitcoin rising 5.49% to $81,584.7 and Ethereum climbing 7.94% to $1,598.81. Bitcoin’s market cap dominates at $1,619.60B (62.57% of the total market), while Ethereum’s market cap stands at $191.63B (7.40%).
This rally highlights Litecoin’s potential for short-term gains despite its long-term decline from historic highs.
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