Cryptocurrency

Litecoin experiences an 11% drop amid selloff in the market.

Litecoin Plummets 11% in Recent Selloff


Devastating Drop in Litecoin Price

Investing.com reported that Litecoin’s value dropped by a staggering 10.69% to $77.458 on the Investing.com Index by 19:22 (23:22 GMT) on Tuesday. This decline marked the most significant one-day percentage loss since March 19.

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Impact on Market Cap

This downward movement caused Litecoin’s market cap to decrease to $5.779B, representing 0.25% of the total cryptocurrency market cap. Previously, Litecoin had reached a peak market cap of $25.609B.

Recent Trading Patterns

Litecoin experienced a trading range of $77.458 to $87.739 in the last twenty-four hours.

Weekly Performance

Over the past week, Litecoin’s value has plummeted by 20.15%. The trading volume for Litecoin in the twenty-four hours leading up to the current time stood at $979.628M, equating to 0.53% of the total cryptocurrency volume.

Litecoin’s price fluctuations over the past seven days have ranged from $77.4579 to $98.8706.

Historical Comparison

With the current price at $77.458, Litecoin remains 81.56% below its all-time high of $420.00 reached on December 12, 2017.

Elsewhere in the Cryptocurrency Market

  • Bitcoin was listed at $61,827.4 on the Investing.com Index, signaling an 8.53% decrease.
  • Ethereum saw a decline to $3,156.46 on the Investing.com Index, a drop of 10.38%.
  • Bitcoin’s market cap remained at $1,221.508B, accounting for 52.44% of the total cryptocurrency market cap, while Ethereum’s market cap stood at $381.787B, equivalent to 16.39% of the total market value.

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