Litecoin Plunges 10% Amid Market Sell-Off

Litecoin (LTC) tumbled 10.01% to $116.53 by 02:29 (07:29 GMT) on the Investing.com Index, marking its steepest one-day decline since February 24. This drop reduced Litecoin’s market capitalization to $8.86 billion, accounting for 0.33% of the total cryptocurrency market. At its peak, Litecoin’s market cap stood at $25.61 billion.

Over the past 24 hours, LTC traded between $116.36 and $127.26, while in the last seven days, it saw a 12.07% decline, ranging from $106.48 to $131.92. Trading volume for the past day reached $1.98 billion, representing 1.26% of the total crypto market volume. Despite recent losses, Litecoin remains significantly below its all-time high of $420, recorded on December 12, 2017—a staggering 72.25% decline.

The broader cryptocurrency market also experienced sharp losses. Bitcoin (BTC) dropped 7.87% to $79,486.9, while Ethereum (ETH) plunged 10.27% to $2,115.39. Bitcoin’s market cap stood at $1.58 trillion, accounting for 59.81% of the total crypto market, while Ethereum’s valuation reached $256.59 billion, or 9.69%.

The recent market downturn reflects increased volatility and selling pressure across digital assets, with investors closely watching for signs of stabilization.