Litecoin Climbs 10% on a Positive Day

Litecoin experienced a notable surge, trading at $61.543 by 19:08 (23:08 GMT) on Thursday, reflecting a 10.02% increase for the day. This marked the largest single-day percentage gain since August 8.

This upward movement raised Litecoin’s market capitalization to $4.627 billion, representing 0.24% of the total cryptocurrency market cap. At its peak, Litecoin’s market cap reached $25.609 billion.

In the previous twenty-four hours, Litecoin fluctuated between $55.254 and $61.906. However, over the past week, the cryptocurrency has seen a decline of 11.35%. The trading volume for Litecoin in the twenty-four hours leading up to the current time stood at $290.060 million, equating to 0.12% of the overall volume of all cryptocurrencies. Over the past week, it has traded within a range of $50.3129 to $69.9532.

Despite the recent gains, Litecoin remains down 85.35% from its all-time high of $420.00, which was reached on December 12, 2017.

In broader cryptocurrency markets, Bitcoin was trading at $62,473.5, representing a 13.04% increase for the day. Meanwhile, Ethereum was priced at $2,711.17, up 15.12%. Bitcoin’s market capitalization was noted at $1.232 trillion, accounting for 64.68% of the total cryptocurrency market cap, while Ethereum’s market cap was reported at $327.346 billion, making up 17.18% of the overall cryptocurrency market value.