Cryptocurrency Litecoin Decreases More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin (CRYPTO: LTC) has seen a decrease of 6.73% in the last 24 hours, bringing its price to $97.35, despite a 24% increase over the past week. The trading volume has risen by 15%, while the circulating supply decreased by 5.69%, totaling 74.30 million coins. Litecoin's market cap ranks it 22nd at $7.21 billion.
March 12, 2024 | 7:03 pm
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Litecoin's price dropped by 6.73% to $97.35, despite a weekly increase of 24%. The trading volume has increased by 15%, and the circulating supply has decreased by 5.69%.
The short-term price drop of Litecoin, despite its recent weekly gains, indicates a potential volatility in its market value. The increase in trading volume alongside a decrease in circulating supply suggests a heightened trading activity that could either stabilize or further impact the price negatively in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100