Litecoin Jumps 10.3% in Rally

Litecoin experienced a notable increase, trading at $56.357 as of 22:23 on Wednesday, marking a 10.3% rise for the day. This was its largest one-day percentage gain since April 3.

This upward movement boosted Litecoin’s market capitalization to $3.23 billion, accounting for 1.59% of the overall cryptocurrency market cap. At its peak, Litecoin’s market cap reached $14.10 billion.

In the past twenty-four hours, Litecoin has fluctuated between $54.234 and $56.357. However, over the past week, it has experienced a decline of 17.67%. The trading volume for Litecoin during this period was approximately $239.35 million, or 1.62% of the total trading volume across all cryptocurrencies. In the last seven days, its trading range has been between $48.93 and $64.99.

Despite the recent rise, Litecoin remains down 86.58% from its all-time high of $420.00, which was recorded on December 12.

In other cryptocurrency news, another notable cryptocurrency was priced at $6,266.4, reflecting a 3.74% daily increase. Additionally, another digital asset was trading at $289.68, with an 11.42% gain for the day.

Bitcoin’s market capitalization stood at $107.78 billion, representing 52.86% of the total cryptocurrency market cap, while Ethereum’s market cap amounted to $29.09 billion, or 14.27% of the total market value.