Litecoin Drops 10% in Sharp Market Decline

Litecoin (LTC) saw a sharp decline on Sunday, dropping 10.05% to $117.178 by 22:13 (03:13 GMT) on the Investing.com Index. This marks the largest one-day percentage loss since December 18, 2024. The drop pushed Litecoin’s market cap down to $8.932 billion, accounting for 0.26% of the total crypto market. At its peak, Litecoin's market cap stood at $25.609 billion.

In the past 24 hours, LTC traded between $117.167 and $121.399. Over the past week, the cryptocurrency fell 4.23%, ranging from $106.2901 to $134.7790. The 24-hour trading volume stood at $1.007 billion, or 1.05% of the total crypto trading volume. Despite its recent movements, Litecoin remains 72.10% below its all-time high of $420.00, recorded on December 12, 2017.

Bitcoin (BTC) also faced losses, dropping 2.37% to $100,007.4. Ethereum (ETH) fell 6.26% to $3,098.54. Bitcoin’s market cap was at $1.992 trillion, making up 58.61% of the total crypto market, while Ethereum's market cap stood at $375.731 billion, or 11.05% of the market.

With ongoing market volatility, investors remain cautious as major cryptocurrencies experience fluctuations. Traders are closely monitoring price movements for potential recovery or further declines.