Litecoin Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin's (CRYPTO: LTC) price has fallen 4.44% to $66.56 in the past 24 hours, continuing its negative trend over the past week with a 3.0% loss. The trading volume for the coin has fallen 16.0% over the past week, while the overall circulating supply of the coin has increased 1.4% to 73.83 million, making up an estimated 87.89% of its max supply of 84.00 million. The current market cap ranking for LTC is #17 at $4.99 billion.
November 01, 2023 | 3:00 pm
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NEGATIVE IMPACT
Litecoin's price has fallen 4.44% in the past 24 hours, and its trading volume has fallen 16.0% over the past week. The circulating supply has increased 1.4% to 73.83 million.
The decrease in Litecoin's price and trading volume, along with the increase in circulating supply, indicates a bearish trend for the cryptocurrency. This could potentially lead to further price drops in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100