Litecoin Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin's price has decreased 3.54% over the past 24 hours to $92.46, despite an overall uptrend of 2.0% over the past week. Trading volume has climbed 14.0% while the circulating supply has decreased 0.27%.
June 05, 2023 | 3:00 pm
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NEGATIVE IMPACT
Litecoin's price dropped 3.54% in 24 hours, but experienced a 2.0% uptrend over the past week. Trading volume increased 14.0%, while circulating supply decreased 0.27%.
The 3.54% drop in Litecoin's price over the past 24 hours indicates a short-term negative impact on its value. However, the overall uptrend of 2.0% over the past week and the increase in trading volume suggest that there is still interest in the cryptocurrency. The decrease in circulating supply could potentially create scarcity, which may drive the price up in the future. The score of -1 reflects the short-term negative impact, while the relevance, importance, and confidence scores indicate the significance of this news for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100