Litecoin Drops 10.15% Amid Selloff

Litecoin was trading at $58.786 by 18:55 (22:55 GMT) on Friday, representing a decline of 10.15% for the day. This marked the largest single-day percentage loss since June 22.

The downward shift reduced Litecoin’s market capitalization to $3.41 billion, accounting for 1.60% of the total cryptocurrency market cap, down from a high of $14.10 billion.

In the past twenty-four hours, Litecoin traded within a range of $58.620 to $63.293. Over the last week, its value dropped by 23.42%. The trading volume for Litecoin in the last twenty-four hours was $258.97 million, which represents 1.99% of the total cryptocurrency trading volume. During this week, Litecoin fluctuated between $58.62 and $78.04.

Currently, Litecoin is down 86.00% from its all-time high of $420.00 reached on December 12.

In other cryptocurrency trading, another digital asset was last recorded at $6,100.7, decreasing by 8.11% that day. Additionally, another cryptocurrency was trading at $328.87, showing a loss of 12.23%.

Bitcoin’s market capitalization stood at $105.78 billion, representing 49.51% of the overall cryptocurrency market cap, while Ethereum’s market cap reached $33.58 billion, or 15.72% of the total cryptocurrency market value.