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Litecoin's Recent Market Performance and Cryptocurrency Trends

Explore Litecoin's market fluctuations, trading volumes, and its standing in the cryptocurrency market alongside Bitcoin and Ethereum trends.
Published on 2024-11-26

Litecoin's Market Performance

Litecoin recently experienced a significant decline, trading at $88.520, marking a 10.04% drop—the largest since early August. This decline reduced Litecoin's market capitalization to $6.761 billion, representing 0.21% of the total cryptocurrency market. Historically, Litecoin's market cap reached a peak of $25.609 billion.

Trading Range and Volume

In the past 24 hours, Litecoin fluctuated between $88.503 and $95.227. Despite the recent downturn, Litecoin has appreciated by 2.12% over the last week, indicating a complex market dynamic. The trading volume for Litecoin stood at $1.007 billion, accounting for 0.41% of the total cryptocurrency trading volume. Over the past week, its price ranged from $81.6931 to $106.1303.

Historical Context

Currently priced significantly below its all-time high of $420.00 from December 2017, Litecoin is down 78.92%. This historical perspective highlights its long-term volatility and potential for future growth or decline.

Broader Cryptocurrency Market Trends

In other cryptocurrency trends, Bitcoin recorded a price of $91,840.4, reflecting a 6.49% daily drop. Ethereum saw a decrease of 5.03%, trading at $3,296.67. Bitcoin's market capitalization reached $1.824 trillion, making up 57.80% of the total market, while Ethereum's market cap was $400.176 billion, comprising 12.68%.

Understanding these fluctuations in Litecoin, Bitcoin, and Ethereum offers critical insights into broader cryptocurrency market trends, helping investors make informed decisions.

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