Cryptocurrency Litecoin's Price Increased More Than 18% Within 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin (CRYPTO: LTC) has seen a significant price increase of 18.15% in the last 24 hours, reaching $104.39. Over the past week, its price has risen over 18%, from $89.13. The coin's all-time high is $410.26. Trading volume surged by 121% over the week, and the circulating supply slightly increased by 0.06% to over 74.30 million, representing 88.45% of its max supply. Litecoin's market cap ranking is now #21 at $7.80 billion.
March 11, 2024 | 7:01 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Litecoin's price surged 18.15% in 24 hours to $104.39, with a weekly increase of over 18%. The trading volume has seen a significant rise of 121% over the past week.
The substantial increase in Litecoin's price and trading volume indicates strong market interest and positive momentum, likely leading to a short-term bullish outlook for LTCUSD. The significant rise in price and trading volume, coupled with the coin's increase in circulating supply, suggests growing investor confidence and market participation, which could further drive up the price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100