Cryptocurrency Litecoin Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin (CRYPTO: LTC) experienced a 5.6% price decrease over the last 24 hours, marking a continuation of its 7.0% decline over the past week. The current price is $78.4, down from $84.92. Despite this drop, trading volume for Litecoin has increased by 27.0% over the past week, and its circulating supply has slightly decreased by 0.25%, now representing 88.67% of its max supply. Litecoin's market cap ranking is currently #22, with a valuation of $5.84 billion.
April 30, 2024 | 7:02 pm
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Litecoin (LTC) has seen a significant price decrease of 5.6% in the last 24 hours, with a 7.0% decline over the past week, bringing its current price to $78.4. The trading volume has increased by 27.0%, and the circulating supply has decreased by 0.25%.
The significant price decrease of Litecoin, coupled with an increase in trading volume, suggests a heightened market activity possibly due to sell-offs. The decrease in circulating supply is typically bullish, but the price action indicates that bearish sentiment currently dominates. Given these dynamics, the short-term impact on LTCUSD is likely negative.
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