Cryptocurrency Litecoin Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin (CRYPTO: LTC) has seen a decrease of 5.7% in its price over the last 24 hours, now at $68.58, continuing a week-long downward trend. Despite a significant increase in trading volume by 145%, the circulating supply has slightly decreased. Litecoin's market cap ranks it 21st at $5.08 billion.
February 13, 2024 | 7:02 pm
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Litecoin's price has decreased by 5.7% over the past 24 hours, indicating a short-term bearish trend. The increase in trading volume suggests heightened investor interest, potentially leading to increased volatility.
The decrease in Litecoin's price, coupled with a significant increase in trading volume, suggests a bearish outlook in the short term. However, the increased trading volume also indicates that investor interest remains high, which could lead to increased price volatility. The slight decrease in circulating supply might have contributed to the price decrease but is less likely to have a significant impact compared to market sentiment and trading volume.
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