Litecoin Surges 10.8% in a Day Despite Weekly Decline

Litecoin (LTC) saw a sharp 10.80% jump, reaching $122.94 by 04:38 (09:38 GMT) on Wednesday, marking its biggest one-day gain since February 10. This surge pushed Litecoin’s market cap to $9.07 billion, accounting for 0.31% of the total cryptocurrency market. However, LTC remains significantly below its all-time high of $420, set in December 2017.

Over the past 24 hours, Litecoin fluctuated between $114.02 and $122.96, with a trading volume of $1.20 billion—representing 0.77% of the total crypto market. Despite today’s rally, LTC has declined 11.67% over the past week, ranging from $106.48 to $139.88.

Meanwhile, Bitcoin (BTC) edged up 0.76%, trading at $89,011. Ethereum (ETH) gained 4.15%, reaching $2,482.61. Bitcoin’s market cap currently stands at $1.76 trillion, commanding 60.14% of the total market, while Ethereum holds a 10.17% share at $297.74 billion.

With ongoing volatility in the crypto space, Litecoin’s price action reflects broader market trends. Investors remain cautious as LTC struggles to reclaim previous highs.