Cryptocurrency Litecoin Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin (CRYPTO: LTC) has seen a decrease of 3.08% in its price over the last 24 hours, bringing it down to $78.86. This drop is part of a broader negative trend over the past week, with a total decline of 3.0% from $82.02. Despite this, trading volume for Litecoin has increased by 2.0% over the week, and its circulating supply remains steady at over 74.53 million, constituting approximately 88.73% of its maximum supply. Litecoin's market cap ranking is currently #21, valued at $5.88 billion.
May 14, 2024 | 3:03 pm
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Litecoin's price has decreased by 3.08% in the last 24 hours, marking a continuation of its negative trend over the past week with a total loss of 3.0%. The trading volume for Litecoin has seen a slight increase of 2.0%, and its circulating supply remains constant, indicating a stable distribution. Despite the price drop, the increase in trading volume could suggest a heightened interest from traders. Litecoin's market cap ranking at #21 reflects its significant position in the cryptocurrency market.
The price decrease of Litecoin (LTC) over the past 24 hours and week indicates a short-term negative trend for the asset. However, the increase in trading volume suggests growing interest, which could mitigate some of the negative price pressure. The stable circulating supply and significant market cap ranking demonstrate Litecoin's established position in the market, but the immediate impact of the news is likely to be negative due to the focus on the price decline.
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