Cryptocurrency

Litecoin sees 11% increase during positive market conditions, attracting investors looking for growth opportunities.

The Rise of Litecoin: A Detailed Analysis

Litecoin’s Impressive Surge

Litecoin experienced a significant surge, with a remarkable 11.08% increase, reaching $82.133 by 23:35 (04:35 GMT) on Thursday. This surge marked the largest one-day percentage gain since June 30, 2023.

Market Cap and Trading Range

This upward movement propelled Litecoin’s market cap to $5.892B, representing 0.26% of the total cryptocurrency market cap. At its peak, Litecoin’s market cap stood at $25.609B. The cryptocurrency traded within a range of $73.935 to $82.133 in the previous twenty-four hours.

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Week-long Performance and Trading Volume

Over the past week, Litecoin saw a substantial 15.97% increase in value. The trading volume in the last twenty-four hours amounted to $858.902M, representing 0.45% of the total volume of all cryptocurrencies. Litecoin’s price fluctuated between $67.5438 and $82.1330 in the past seven days.

Historical Comparison and All-Time High

Despite its current price, Litecoin remains 80.44% below its all-time high of $420.00, recorded on December 12, 2017.

Overview of Other Cryptocurrencies

Bitcoin closed at $61,782.9 on the Investing.com Index, showing an 8.53% increase. Ethereum, on the other hand, was trading at $3,434.75, reflecting a 5.14% gain. Bitcoin’s market cap accounted for $1,211.823B (53.00% of the total cryptocurrency market cap), while Ethereum’s market cap totaled $411.730B (18.01% of the total cryptocurrency market value).

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