Litecoin Rises More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin (CRYPTO: LTC) has seen a 3.53% increase in price over the last 24 hours, reaching $79.18, despite a 20% decrease over the past week from $98.14. The coin's all-time high is $410.26. Trading volume has decreased by 10% over the week, while circulating supply rose by 0.11% to 74.43 million, 88.61% of its max supply. Litecoin's market cap ranks it 20th at $5.88 billion.
April 16, 2024 | 7:01 pm
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Litecoin's price increased by 3.53% in the last 24 hours to $79.18, despite a significant weekly drop. The trading volume has decreased, and the circulating supply has slightly increased.
The short-term price increase of Litecoin, despite a recent downtrend, indicates a potential rebound or market correction. The decrease in trading volume suggests less trading activity, but the increase in circulating supply could dilute value. However, the market cap's stability and ranking improvement reflect positive investor sentiment.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100