Litecoin's Market Performance and Cryptocurrency Trends

Litecoin Market Decline

Litecoin experienced a significant drop, trading at $76.020, marking an 11.16% decrease in a single day. This marks the largest one-day percentage loss for Litecoin since April 12. The decline affected its market capitalization, reducing it to $6.177 billion, which constitutes 0.24% of the total cryptocurrency market cap. Historically, Litecoin's market cap reached up to $25.609 billion.

Recent Trading Range and Activity

In the past 24 hours, Litecoin traded within a range of $76.020 to $84.827. Throughout the last week, Litecoin's value remained relatively stable, with a minor movement of 0.53%. The trading volume over the same 24-hour period was $345.239 million, representing 0.42% of the total cryptocurrency trading volume. Over the past seven days, its trading range was between $76.0203 and $85.8171.

Historical Context and Current Value

Currently, Litecoin's price is substantially lower than its peak value. It is down 81.90% from its all-time high of $420.00, reached on December 12, 2017. This significant decrease highlights the volatility and risk associated with cryptocurrency investments.

Broader Cryptocurrency Market Trends

In the broader cryptocurrency market, Bitcoin was trading at $69,225.3, reflecting a 2.60% decrease. Ethereum also saw a decline, trading at $3,636.28, losing 5.13%. Bitcoin's market cap stood at $1,375.795 billion, accounting for 53.06% of the total cryptocurrency market cap. Meanwhile, Ethereum's market cap was $449.408 billion, making up 17.33% of the market.

These trends illustrate the dynamic and often volatile nature of the cryptocurrency market, impacting both individual cryptocurrencies like Litecoin and the market as a whole.