Cryptocurrency Litecoin Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Litecoin (LTC) has experienced a 5.59% drop in price over the past 24 hours, continuing a negative trend with a 3.0% loss over the past week. Trading volume has increased by 58.0%, and the circulating supply has slightly increased to 74.79 million. Litecoin's market cap is currently $5.10 billion, ranking it #23.
July 25, 2024 | 7:00 pm
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NEGATIVE IMPACT
Litecoin (LTC) has seen a significant price drop of 5.59% in the last 24 hours, continuing a weekly decline of 3.0%. Despite the price drop, trading volume has increased by 58.0%, indicating heightened market activity.
The significant price drop of 5.59% in the last 24 hours, along with a continued weekly decline, suggests a bearish trend for Litecoin. The increase in trading volume by 58.0% indicates heightened market activity, but the overall negative price movement is likely to impact investor sentiment negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100