Litecoin Surges Over 10%, Outperforming Major Cryptocurrencies

Litecoin's Impressive Surge

Litecoin achieved a notable increase, trading at $63.230, marking a 10.25% rise in one day. This surge is the largest since November 17. As a result, Litecoin's market capitalization rose to $4.466 billion, representing 0.54% of the total cryptocurrency market cap. Historically, Litecoin's market cap peaked at $25.609 billion.

Recent Trading Dynamics

In the last 24 hours, Litecoin fluctuated between $56.920 and $63.230. Over the past week, its value increased by 4.93%. The trading volume in the last day reached $718.585 million, accounting for 1.41% of the overall cryptocurrency trading volume. During the past week, Litecoin's trading range was between $53.6100 and $64.2100.

Long-Term Performance

Despite recent gains, Litecoin remains significantly below its all-time high of $420.00, recorded on December 12, 2017, still down by 84.95%.

Broader Cryptocurrency Market Trends

In contrast, Bitcoin saw a modest increase of 0.95%, trading at $16,731.4. Ethereum experienced a slight decline, trading at $1,208.00, down by 0.32%. Bitcoin's market cap stood at $320.895 billion, making up 38.56% of the total market, while Ethereum's market cap was $147.555 billion, constituting 17.73% of the total cryptocurrency market value.

This analysis highlights Litecoin's notable growth compared to other major cryptocurrencies, reflecting its dynamic role in the fluctuating digital currency landscape.