Litecoin Surges Over 10%: Market Cap and Trading Insights

Litecoin's Impressive Surge

Litecoin experienced a significant increase, trading at $83.410, marking a 10.16% rise in a single day. This notable growth is the largest one-day percentage gain since November 2022. The increase in value elevated Litecoin’s market cap to $5.971 billion, representing 0.70% of the entire cryptocurrency market cap. Historically, Litecoin's market cap peaked at $25.609 billion.

Recent Market Performance

In the past twenty-four hours, Litecoin fluctuated between $78.160 and $83.410. Over the last week, its value rose by 10.38%, with trading volumes reaching $832.456 million, accounting for 1.95% of the total cryptocurrency trading volume. The weekly trading range spanned from $72.7800 to $83.4100. Despite recent gains, Litecoin remains 80.14% below its all-time high of $420.00, recorded in December 2017.

Broader Cryptocurrency Context

In the broader cryptocurrency landscape, Bitcoin showed a modest increase, trading at $17,352.2, up by 2.45%. Ethereum also experienced growth, with its price reaching $1,342.13, a 6.16% increase. Bitcoin's market cap stood at $333.809 billion, making up 38.88% of the total cryptocurrency market cap. Meanwhile, Ethereum's market cap was $164.004 billion, representing 19.10% of the market.

The recent performance of Litecoin and other major cryptocurrencies underscores the dynamic nature of the market, highlighting opportunities and challenges for investors.