Litecoin's Price Increased More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin (CRYPTO: LTC) has seen a 4.23% increase in price over the past 24 hours, reaching $76.09, and a 6.0% gain over the past week. The coin's all-time high is $410.26. Trading volume is up 60.0% for the week, and the circulating supply has risen to 73.96 million, which is 88.05% of the max supply. Litecoin's market cap is currently ranked #19 at $5.63 billion.
December 08, 2023 | 3:00 pm
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POSITIVE IMPACT
Litecoin's price has increased by 4.23% in the last 24 hours, with a 6.0% gain over the past week, indicating a positive trend. The trading volume has significantly increased by 60%, and the circulating supply has also seen a slight increase.
The increase in Litecoin's price and trading volume suggests a strong bullish sentiment among investors, which could lead to further short-term gains. The rise in circulating supply is nominal and unlikely to dampen the positive price action. The market cap ranking provides additional context to the asset's performance relative to other cryptocurrencies.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100