Litecoin Experiences 12% Decline During Selloff

Litecoin was trading at $56.641 by 21:10 (01:10 GMT) on Monday, reflecting a decline of 12.49% for the day. This marks the largest single-day percentage drop since April 12.

As a result of this downturn, Litecoin’s market capitalization fell to $4.462 billion, accounting for 0.23% of the total cryptocurrency market cap. At its peak, Litecoin’s market cap reached $25.609 billion.

In the last twenty-four hours, Litecoin experienced price fluctuations between $56.388 and $62.558. Over the past week, it has registered a total decrease of 16.95%. The trading volume for Litecoin during the twenty-four hours leading up to the latest update was $310.643 million, representing 0.37% of the total volume for all cryptocurrencies. In the last week, its price ranged from $56.3884 to $74.5485.

Currently, Litecoin is down 86.51% from its all-time high of $420.00, which was recorded on December 12, 2017.

In other cryptocurrency trading news, Bitcoin was last seen at $54,701.4, suffering a decline of 9.17% for the day. Ethereum was trading at $2,336.45, reflecting a loss of 19.83%. Bitcoin’s market capitalization was approximately $1.105 trillion, representing 56.04% of the total cryptocurrency market cap, while Ethereum’s stood at about $301.107 billion, or 15.26% of the overall market value for cryptocurrencies.