Litecoin Drops Over 11%, Marking Biggest One-Day Loss Since February

Litecoin (LTC) saw a sharp decline of 11.18% on Monday, trading at $114.16 by 17:04 (22:04 GMT) on the Investing.com Index. This marks its steepest single-day drop since February 24, pushing its market cap down to $9.11 billion, representing 0.48% of the total crypto market. At its peak, Litecoin’s market cap stood at $25.61 billion.

Over the past 24 hours, LTC fluctuated between $114.04 and $130.38. It has also dropped 2.57% over the past week, trading within a range of $114.04 to $139.88. With a 24-hour trading volume of $976.41 million, Litecoin accounted for 0.41% of total crypto market activity. Despite recent movements, LTC remains down 72.82% from its all-time high of $420.00, set in December 2017.

In broader crypto market trends, Bitcoin (BTC) was last priced at $93,433.2, down 2.46% for the day, while Ethereum (ETH) fell 7.60% to $2,590.74. Bitcoin's market cap reached $1.87 trillion, commanding 98% of the total crypto market share, while Ethereum's market cap stood at $319.23 billion, or 16.76% of the total.

As the crypto market remains volatile, traders continue to monitor price fluctuations across major assets. With Litecoin facing strong selling pressure, investors are watching for potential support levels and market sentiment shifts.