Cryptocurrency Litecoin Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin (CRYPTO: LTC) has seen a decrease of 4.7% in its price over the last 24 hours, now at $85.05, despite a 14.0% increase over the past week from $74.48. The trading volume for Litecoin has risen by 63.0%, and its circulating supply has increased by 0.47% to 74.28 million, which is 88.43% of its max supply. Currently, Litecoin's market cap ranks #22 at $6.35 billion.
March 05, 2024 | 7:03 pm
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Litecoin (LTC) experienced a 4.7% price drop in the last 24 hours to $85.05, despite a recent uptrend. Its trading volume and circulating supply have increased, with a current market cap of $6.35 billion.
The short-term price drop of 4.7% in Litecoin despite its overall positive performance over the past week suggests a potential short-term negative impact on its price. The increase in trading volume and circulating supply indicates heightened activity and interest in Litecoin, which could stabilize its price in the short term. However, the immediate impact of the price drop is negative, reflecting investor sentiment and market dynamics.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100