Cryptocurrency Litecoin Falls More Than 8% In 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin (LTC) has experienced a significant price drop of 8.48% in the past 24 hours, continuing a negative trend with a 5.0% loss over the past week. Trading volume has increased by 56.0% over the past week, and the circulating supply has slightly increased to 74.71 million, making up 88.94% of its max supply. Litecoin's market cap is currently ranked #23 at $5.08 billion.
July 05, 2024 | 3:00 pm
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NEGATIVE IMPACT
Litecoin (LTC) has seen a significant price drop of 8.48% in the past 24 hours, continuing a week-long negative trend. Increased trading volume and slight increase in circulating supply are notable factors.
The significant price drop of 8.48% in the past 24 hours, along with a continued negative trend over the past week, indicates a bearish sentiment. The increased trading volume suggests heightened market activity, but the overall trend remains negative.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100