Cryptocurrency Litecoin's Price Increased More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin (CRYPTO: LTC) has seen a price increase of 5.63% in the last 24 hours, reaching $86.13, despite a 10% decrease over the past week from $94.93. The coin's all-time high is $410.26. Trading volume fell by 2%, while circulating supply rose by 0.45% to 74.33 million, about 88.49% of its max supply. Litecoin's market cap ranks #22 at $6.37 billion.
March 21, 2024 | 3:01 pm
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Litecoin's price increased by 5.63% to $86.13, contrasting with a 10% weekly loss. The circulating supply is up, with a market cap of $6.37 billion, ranking it #22.
The short-term price increase of Litecoin, despite a recent downtrend, indicates a potential reversal or positive market reaction. The increase in circulating supply without a significant drop in price suggests a stable demand. The market cap ranking provides a broader perspective on its competitive position in the cryptocurrency market.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100