Litecoin Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin (CRYPTO: LTC) has seen a price drop of 3.53% in the last 24 hours, reaching $67.44, continuing a weekly negative trend with a 6.0% loss. The volatility is depicted through Bollinger Bands in the provided chart. Trading volume has decreased by 6.0%, while the circulating supply slightly increased by 0.01%, now at 73.90 million coins, which is 87.98% of the max supply. Litecoin's market cap is currently ranked #19, valued at $5.00 billion.
November 22, 2023 | 3:00 pm
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Litecoin (LTC) has experienced a significant price decline over the past 24 hours and week, with increased volatility and a slight rise in circulating supply.
The price drop of Litecoin is a direct reflection of its current market performance and is likely to influence investor sentiment negatively in the short term. The decrease in trading volume suggests lower market interest, which could further pressure the price. However, the slight increase in circulating supply is not significant enough to have a major impact on the price. The market cap ranking indicates a stable position among cryptocurrencies, which may provide some support to the price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100